Author: T&T Staff

#FTSE #SP500

A warning light today on the car dashboard, consisting of a big orange spanner, caused immediate panic. It justified coming off the motorway in a panic as “a spanner” looked quite troubling. Parking safely, the manual was quickly searched, only to discover the car was telling me it was time for an oil change. Surely, in this day and age, Toyota could simply have the words “Oil Change Due” broadcast onto the LCD screen.

Now relaxing and looking for the on-ramp to rejoin the motorway, it transpires there wasn’t one. We needed now waste time, driving country roads, until eventually discovering a method of rejoining the motorway. Meanwhile, a bit of black tape now handily conceals the nagging spanner, the car was already booked in for a winter service next month.

 

Sometimes, we think share prices come pre-equipped with irritating warning lights. i3 Energy (we’re being careful to use lower case ‘i’, lest it look like number 13), listed on the UK AIM and also the Toronto exchange, has assets in the North Sea, along with further assets in Canada. Their website claims to commit to returning value to shareholders, an ambition which the decline from 120p to the current 22p appears to be failing. But on the bright side, they do pay a dividend, the value of which certainly provokes lively conversation in internet chatrooms…

Currently, their share price is visually alarming, price movements since July casting their version of a spanner at the 22.2p level, trying to convince the market of movement below such a point risking disaster. We’re not entirely sold on the concept, calculating weakness below 22.2 risks reversal to an initial 20.7 with secondary, if broken, at 18.7p and hopefully a bounce. A glance at the chart below suggests, in the grand scheme of things, this sort of movement isn’t particularly dangerous. For real panic to make itself known, the price currently needs settle below 14.7p.

There’s a converse scenario, one which doesn’t require a great deal of work for the share price to become quite interesting.

Above 29p presents the possibility of gains to an initial 38p with secondary, if bettered, at 42p.

Hopefully this shall prove worth keeping an eye on in the weeks ahead.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:44:51PM	BRENT	89.6									‘cess
9:50:53PM	GOLD	1652.02
9:53:10PM	FTSE	6979	6959	6912	6877	6991	7017	7029	7098	6948	‘cess
9:55:09PM	STOX50	3500									Success
9:57:55PM	GERMANY	12893									Success
10:11:00PM	US500	3748	3685	3654	3617	3735	3765	3791	3862	3721	‘cess
10:13:48PM	DOW	30678									Success
10:16:08PM	NASDAQ	11280									Success
10:19:11PM	JAPAN	27164

 

18/10/2022 FTSE Closed at 6936 points. Change of 0.23%. Total value traded through LSE was: £ 4,606,547,755 a change of 0%

17/10/2022 FTSE Closed at 6920 points. Change of 0.9%. Total value traded through LSE was: £ 4,606,393,574 a change of -22.77%

14/10/2022 FTSE Closed at 6858 points. Change of 0.12%. Total value traded through LSE was: £ 5,964,231,785 a change of 0.52%

13/10/2022 FTSE Closed at 6850 points. Change of 0.35%. Total value traded through LSE was: £ 5,933,139,923 a change of 16.34%

12/10/2022 FTSE Closed at 6826 points. Change of -0.86%. Total value traded through LSE was: £ 5,099,638,855 a change of -0.72%

11/10/2022 FTSE Closed at 6885 points. Change of -1.06%. Total value traded through LSE was: £ 5,136,859,995 a change of 18.36%

10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:BARC Barclays** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:FRES Fresnillo** **LSE:IAG British Airways** **LSE:ITRK Intertek** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:QFI Quadrise** **LSE:SRP Serco** **

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Updated charts published on : Barclays, British Telecom, Carnival, Fresnillo, British Airways, Intertek, Natwest, Quadrise, Serco,

LSE:BARC Barclays. Close Mid-Price: 147.5 Percentage Change: + 1.44% Day High: 150.16 Day Low: 147.08

Even above 152 should prove interesting, apparently capable of 158 next wi ……..

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LSE:BT.A British Telecom. Close Mid-Price: 126.7 Percentage Change: + 1.40% Day High: 127 Day Low: 125

Continued trades against BT with a mid-price ABOVE 127 should improve the ……..

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LSE:CCL Carnival. Close Mid-Price: 611 Percentage Change: + 8.10% Day High: 633.4 Day Low: 568.4

This is mildly interesting but comes with a warning. Above 634 still point ……..

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LSE:FRES Fresnillo Close Mid-Price: 705.6 Percentage Change: -0.34% Day High: 715.6 Day Low: 696.2

Continued weakness against FRES taking the price below 696.2 calculates a ……..

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LSE:IAG British Airways. Close Mid-Price: 115.86 Percentage Change: + 0.71% Day High: 119.54 Day Low: 115.2

Further movement against British Airways ABOVE 119.54 should improve acc ……..

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LSE:ITRK Intertek. Close Mid-Price: 3780 Percentage Change: + 1.20% Day High: 3795 Day Low: 3750

All Intertek needs are mid-price trades ABOVE 3795 to improve acceleratio ……..

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LSE:NWG Natwest. Close Mid-Price: 236.7 Percentage Change: + 1.46% Day High: 242.2 Day Low: 235.5

Continued trades against NWG with a mid-price ABOVE 242.2 should improve ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 480.1 Percentage Change: + 1.31% Day High: 492.1 Day Low: 476

In the event of Ocado Plc enjoying further trades beyond 492.1, the share ……..

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LSE:QFI Quadrise. Close Mid-Price: 2.75 Percentage Change: + 20.88% Day High: 2.8 Day Low: 2.31

Target met. All Quadrise needs are mid-price trades ABOVE 2.8 to improve ……..

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LSE:SRP Serco Close Mid-Price: 160.2 Percentage Change: -0.06% Day High: 163.4 Day Low: 160

Target met. Continued trades against SRP with a mid-price ABOVE 163.4 sho ……..

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*** End of “Updated Today” comments on shares.

#Gold #Dow

Visiting Quadrise’s website managed to prove quite informative, going some way to explaining why diesel is so heavily priced in comparison to petrol. Being unaware diesel production creates heavy residual oils, stuff needing treatment before it can be sold (at a discount) as Heavy Fuel Oil. Oil refineries prefer not to sell anything at a discount…

Quadrise (QFI) bring a method which changes how Heavy Fuel Oil is produced, allowing the end product to be sold at a premium as it produces substantially lower CO2 emissions. QFI are delighted to explain – at length – what their company is about via their web presence and to be fair, some of the information is quite fascinating. None of this explains their share price as it has been pretty foul for quite a few years.

 

Currently. it appears QFI enjoy a share price which is attempting to do something positive with itself, breaking though a downtrend which appears to have been influencing the share price since 2015. Perhaps some hope is possible in the near term, maybe even the longer term. The immediate situation looks to be quite straightforward, movement above 2.35p calculating with the potential of a lift to an initial 2.65 with secondary, if bettered, a more useful 3.6p.

At the 3.6p level, things become a little vague as the share really needs to close above 3.6p to suggest Big Picture influences are coming into play. Currently, the implication of closure above 3.6p allegedly permits the share price to more than double to 7.8p, a game changing price level which visually hints of the presence of a future glass ceiling.

 

If everything intends go horribly wrong for QFI, their share price needs drip below 1.1p as we cannot calculate a bottom. For now, we suspect this shall prove very worthy of keeping an eye on.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:49:45PM	BRENT	90.98
9:51:36PM	GOLD	1650.99	1646	1638	1629	1657	1668	1676	1688	1654
9:54:54PM	FTSE	6924.99
9:58:44PM	STOX50	3448.5									‘cess
10:01:01PM	GERMANY	12682									‘cess
10:02:56PM	US500	3688.87
10:06:22PM	DOW	30273	29739	29532	29267	29829	30325	30387	30501	30117	‘cess
10:09:17PM	NASDAQ	11084
10:13:09PM	JAPAN	27103									Success

 

17/10/2022 FTSE Closed at 6920 points. Change of 0.9%. Total value traded through LSE was: £ 4,606,393,574 a change of -22.77%

14/10/2022 FTSE Closed at 6858 points. Change of 0.12%. Total value traded through LSE was: £ 5,964,231,785 a change of 0.52%

13/10/2022 FTSE Closed at 6850 points. Change of 0.35%. Total value traded through LSE was: £ 5,933,139,923 a change of 16.34%

12/10/2022 FTSE Closed at 6826 points. Change of -0.86%. Total value traded through LSE was: £ 5,099,638,855 a change of -0.72%

11/10/2022 FTSE Closed at 6885 points. Change of -1.06%. Total value traded through LSE was: £ 5,136,859,995 a change of 18.36%

10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%

7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:HL. Hargreaves Lansdown** **LSE:IGAS Igas Energy** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:QFI Quadrise** **LSE:SRP Serco** **

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Updated charts published on : Asos, Barrett Devs, British Telecom, Hargreaves Lansdown, Igas Energy, Intertek, ITV, Quadrise, Serco,

LSE:ASC Asos Close Mid-Price: 518 Percentage Change: -2.54% Day High: 521 Day Low: 460

Target met. In the event Asos experiences weakness below 460 it calculate ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 360 Percentage Change: + 3.75% Day High: 365 Day Low: 346.9

Target met. All Barrett Devs needs are mid-price trades ABOVE 365 to impr ……..

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LSE:BT.A British Telecom. Close Mid-Price: 124.95 Percentage Change: + 1.88% Day High: 126 Day Low: 122.4

Continued trades against BT.A with a mid-price ABOVE 126 should improve t ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 796.6 Percentage Change: -1.94% Day High: 811 Day Low: 748.2

If Hargreaves Lansdown experiences continued weakness below 748.2, it wil ……..

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LSE:IGAS Igas Energy Close Mid-Price: 39.8 Percentage Change: -7.44% Day High: 44 Day Low: 36.1

Target met. Continued weakness against IGAS taking the price below 36.1 c ……..

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LSE:ITRK Intertek. Close Mid-Price: 3735 Percentage Change: + 2.58% Day High: 3771 Day Low: 3616

Continued trades against ITRK with a mid-price ABOVE 3771 should improve ……..

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LSE:ITV ITV. Close Mid-Price: 67.34 Percentage Change: + 9.14% Day High: 68.2 Day Low: 63.8

Further movement against ITV ABOVE 68.2 should improve acceleration towar ……..

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LSE:QFI Quadrise. Close Mid-Price: 2.27 Percentage Change: + 18.18% Day High: 2.33 Day Low: 2

In the event of Quadrise enjoying further trades beyond 2.33, the share s ……..

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LSE:SRP Serco. Close Mid-Price: 160.3 Percentage Change: + 4.70% Day High: 161.9 Day Low: 153.7

All Serco needs are mid-price trades ABOVE 161.9 to improve acceleration ……..

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*** End of “Updated Today” comments on shares.

#Brent #Dax

It’s funny how the Liz Truss UK Government has moved into familiar territory, the closing days of an administration, after just a few weeks. Perhaps it’s because, thanks to Boris Johnston, the media are now experienced in recognising terminal decay. Importantly though, we suspect there’s a chance, despite Prime Minister Truss oozing “charisma”, the media may be wrong.

What’s happening in the UK appears to be happening everywhere, chaotic governance, a backdrop of supply chain issues, inflation, interest rates, public unrest and dissatisfaction, energy issues, and winter sneaking in. When we glance at share prices in the northern hemisphere, it’s increasingly rare to discover any which suggest optimism, most tending to echo the prevailing sentiments not only in the wider market but, gloom extending across normal day to day life. It’s almost as if we’re living though a J K Rowling Harry Potter book, the one where “The Dementors” got loose, provoking serious alarm in Downing St, and the dodgiest special effect used in any of the films, when the wizards flew their broomsticks above the Thames into London.

 

Virtually every stock market north of the equator has now broken its personal uptrend, since the pandemic lows of 2020 and visually, there’s very little to be optimistic about. Curiously though, south of the equator, the picture is less gloomy, Brazil looking surprisingly confident and even Australia failing to embrace the misery fully. Perhaps it’s indeed season related as, further north, Japan is sitting on the fence and fails to give a clue as to possible market direction. For Europe and North America, we lack confidence. Except perhaps for Bitcoin, now showing signs of deserving a Big Picture update as the potential of a drop to $12k is receding!

 

Barclays share price shares the wider market outlook. Presently trading around 142p, the share price needs CLOSE a session above 151p to negate our dire outlook. Even if the share traded above 151p, we’d start to lose confidence in our foul projections.

Now below 140p threatens ongoing reversal to an initial 128p with secondary, if broken, an eventual (hopeful) bottom of 98p.

Our converse scenario has produced a strange series of numbers involving a game with just 10p. Above 151p should now apparently trigger recovery to an initial 161p. Our ‘longer term’ secondary works out at 171p, allegedly as part of a path which eventually calculates with 201p. Quite why everything works out in 10p increments utterly defeats us but in this instance, we’re more than a little sceptical about 201p making an appearance without the benefit of game changing news. Maybe if the UK discovered a Prime Minister capable of making a decision and sticking to it!

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
6:18:43PM	BRENT	90.67	90.52	89.38	87.74	91.45	93.41	94.09	95.28	91.76	Shambles
6:20:22PM	GOLD	1644.19
6:23:43PM	FTSE	6826.93									‘cess
6:26:02PM	STOX50	3359.5									Success
6:28:14PM	GERMANY	12351	12342	12217	12062	12477	12512	12564	12755	12378	‘cess
7:07:45PM	US500	3587.07									‘cess
7:16:37PM	DOW	29677.7									Shambles
7:47:07PM	NASDAQ	10701									‘cess
7:49:37PM	JAPAN	26574									Success

 

14/10/2022 FTSE Closed at 6858 points. Change of 0.12%. Total value traded through LSE was: £ 5,964,231,785 a change of 0.52%

13/10/2022 FTSE Closed at 6850 points. Change of 0.35%. Total value traded through LSE was: £ 5,933,139,923 a change of 16.34%

12/10/2022 FTSE Closed at 6826 points. Change of -0.86%. Total value traded through LSE was: £ 5,099,638,855 a change of -0.72%

11/10/2022 FTSE Closed at 6885 points. Change of -1.06%. Total value traded through LSE was: £ 5,136,859,995 a change of 18.36%

10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%

7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%

6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:EMG MAN** **LSE:IGAS Igas Energy** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **

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Updated charts published on : Barrett Devs, MAN, Igas Energy, Natwest, Ocado Plc,

LSE:BDEV Barrett Devs. Close Mid-Price: 347 Percentage Change: + 1.52% Day High: 356 Day Low: 345.3

Further movement against Barrett Devs ABOVE 356 should improve accelerati ……..

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LSE:EMG MAN Close Mid-Price: 213.9 Percentage Change: -1.66% Day High: 223.3 Day Low: 212.5

All MAN needs are mid-price trades ABOVE 223.3 to improve acceleration to ……..

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LSE:IGAS Igas Energy Close Mid-Price: 43 Percentage Change: -8.51% Day High: 51.4 Day Low: 42

Weakness on Igas Energy below 42 will invariably lead to 39 and hopefully ……..

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LSE:NWG Natwest Close Mid-Price: 228 Percentage Change: -0.31% Day High: 238.8 Day Low: 227.2

All Natwest needs are mid-price trades ABOVE 238.8 to improve acceleratio ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 456.8 Percentage Change: + 4.82% Day High: 488 Day Low: 439

Target met. Further movement against Ocado Plc ABOVE 488 should improve a ……..

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*** End of “Updated Today” comments on shares.

FTSE for FRIDAY (FTSE:UKX)  When I look to my right, on the bookshelf there’s a series of titles called “How S**t Works”, bought from a charity shop for a fiver. Alas, nowhere in the books is there a section on the UK FTSE which is a pity, because it urgently needs a repairman to visit! Thursday proved a strange day, worldwide, but of all the markets we cover, only the FTSE made our jaw drop.
By any standards, Thursday was weird with 5 of the 6 index we cover for clients hitting targets, all targets. Firstly, they started the day by successfully hitting all our Short position targets, then bounced and triggered movements to our Long position targets. Once again, all targets were successfully achieved. Except for the UK index which pouted, refusing the play the game. In fairness, this sort of thing in quite rare with individual index’ but when it occured with virtually all markets, we didn’t know what to make of things. Perhaps it shall be the case the FTSE was just “slow” and maybe Friday shall surprise everyone…
There’s very little positive to be said about the UK index and currently, we must conclude the FTSE is heading down to around 6450. But it may be about 6350 points or even 6240 points. The absurd thing, when we collate this series of numbers, we could even believe the UK index really intends an a visit to around 5200 points eventually, ‘cos it makes sense numerically. From a Big Picture perspective, the UK index needs above 7200 points to give an indication it’s climbing out of the gutter. The index is running low on nails to hammer into its coffin, closing Wednesday this week at a new “lower low”, achieving a price level not witnessed since April last year.

From a near term perspective, if the FTSE intends follow the rest of the world in making an upward lunge, above just 6902 points (it closed Thursday at 6852) should prove capable of triggering party time as a movement to 6995 calculates as possible. If exceeded, our secondary works out at an improbable looking 7035 points. If triggered, the tightest stop loss level looks like 6826 points.
Our alternate scenario looks harder to trigger, requiring the index below 6770 points to push the potential of a drop to 6721 points. If broken, our secondary calculates down at 6591 points.
A glance at the chart below reveals sometime important. Despite our positive scenario above giving a suggestion of an impressive 130 point gain, there’s very little about the visual picture which inspires confidence. Instead, the words “shuffling deckchairs on the Titanic” spring to mind as the FTSE must exceed 7100 points to give the very first indication some recovery of strength is possible. Even in Friday proves to be a happy day for the FTSE, the index needs recover quite firmly to remove the odor of dead cats around an immediate bounce.

Time Issued
Market
Price At Issue
Short Entry
Fast Exit
Slow Exit
Stop
Long Entry
Fast Exit
Slow Exit
Stop
PriorFUTURES

11:33:35PM
BRENT
93.89
91
90.47

92.34
94.1
94.33

93.3
Success
11:35:37PM
GOLD
1665.49
1661
1657

1671
1682
1687

1661
Success
11:38:15PM
FTSE
6891
6802
6769

6861
6905
6957

6853
Shambles
11:40:46PM
STOX50
3401.7
3354
3335

3378
3404
3427

3381
Success
11:44:17PM
GERMANY
12471
12350
12313

12465
12498
12554

12374
Success
11:47:13PM
US500
3671.17
3618
3609

3649
3686
3708

3635
Success
11:50:30PM
DOW
30063
29660
29514

29906
30184
30346

29920
Success
11:53:13PM
NASDAQ
11026
10841
10757

10994
11093
11196

10950
Success
11:55:58PM
JAPAN
26799
26533
26465

26713
26820
26877

26670
Success

13/10/2022 FTSE Closed at 6850 points. Change of 0.35%. Total value traded through LSE was: £ 5,933,139,923 a change of 16.34%

12/10/2022 FTSE Closed at 6826 points. Change of -0.86%. Total value traded through LSE was: £ 5,099,638,855 a change of -0.72%

11/10/2022 FTSE Closed at 6885 points. Change of -1.06%. Total value traded through LSE was: £ 5,136,859,995 a change of 18.36%

10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%

7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%

6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%

5/10/2022 FTSE Closed at 7052 points. Change of -0.48%. Total value traded through LSE was: £ 5,488,765,319 a change of -9.96%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:HL. Hargreaves Lansdown** **LSE:IGAS Igas Energy** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : AFC Energy, Aston Martin, Asos, Barrett Devs, British Telecom, Carclo, Centamin, Darktrace Plc, MAN, Foxtons, Fresnillo, Hargreaves Lansdown, Igas Energy, ITM Power, Intertek, Just Eat, Lloyds Grp., Marks and Spencer, National Glib, Natwest, Ocado Plc, Primary Health, Scottish Mortgage Investment Trust, Serco, Standard Chartered, Tullow, Tesco, Taylor Wimpey,

LSE:AFC AFC Energy. Close Mid-Price: 18 Percentage Change: + 1.07% Day High: 18.32 Day Low: 17.06

Weakness on AFC Energy below 17. will invariably lead to 16.5 with seconda ……..
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LSE:AML Aston Martin. Close Mid-Price: 91.36 Percentage Change: + 1.02% Day High: 94.86 Day Low: 86.04

Continued weakness against AML taking the price below 86 calculates as lea ……..
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LSE:ASC Asos. Close Mid-Price: 542 Percentage Change: + 6.59% Day High: 560 Day Low: 503

Continued weakness against ASC taking the price below 503 calculates as le ……..
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LSE:BDEV Barrett Devs. Close Mid-Price: 341.8 Percentage Change: + 5.04% Day High: 351.5 Day Low: 317.8

Now above 352 should apparently generate a lift to 361 next with secondary ……..
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LSE:BT.A British Telecom. Close Mid-Price: 120.8 Percentage Change: + 1.09% Day High: 123.85 Day Low: 117.05

Target Met. Now below 117 allows for reversal to 114 next with secondary, ……..
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LSE:CAR Carclo Close Mid-Price: 15.62 Percentage Change: -3.85% Day High: 16 Day Low: 15.5

Target Met. This needs above 19p to give early indications of recovery, al ……..
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LSE:CEY Centamin. Close Mid-Price: 84.86 Percentage Change: + 1.56% Day High: 87.82 Day Low: 83

Above 88 could prove interesting, giving the potential of a lift to an ini ……..
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LSE:DARK Darktrace Plc. Close Mid-Price: 297 Percentage Change: + 3.85% Day High: 299.8 Day Low: 275

Weakness on Darktrace Plc below 275 will invariably lead to 269 with secon ……..
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LSE:EMG MAN. Close Mid-Price: 217.5 Percentage Change: + 4.62% Day High: 217.9 Day Low: 202.9

Target Met. In the event MAN experiences weakness below 202, it calculates ……..
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LSE:FOXT Foxtons Close Mid-Price: 27.8 Percentage Change: -1.42% Day High: 28.95 Day Low: 27.5

In the event Foxtons experiences weakness below 27.5 it calculates with a ……..
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LSE:FRES Fresnillo Close Mid-Price: 728.2 Percentage Change: -4.08% Day High: 764.2 Day Low: 698.8

Weakness on Fresnillo below 698 will invariably lead to 655p with secondar ……..
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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 797.4 Percentage Change: + 1.24% Day High: 811.8 Day Low: 766.2

Continued weakness against HL. taking the price below 759 calculates as le ……..
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LSE:IGAS Igas Energy Close Mid-Price: 47 Percentage Change: -1.26% Day High: 48.6 Day Low: 43.3

If Igas Energy experiences continued weakness below 43, it will invariably ……..
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LSE:ITM ITM Power. Close Mid-Price: 91.1 Percentage Change: + 0.20% Day High: 94.9 Day Low: 86

In the event ITM Power experiences weakness below 86, it calculates with a ……..
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LSE:ITRK Intertek Close Mid-Price: 3621 Percentage Change: -0.41% Day High: 3624 Day Low: 3485

In the event Intertek experiences weakness below 3484, it calculates with ……..
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LSE:JET Just Eat. Close Mid-Price: 1115.6 Percentage Change: + 1.09% Day High: 1148.6 Day Low: 1054.8

Target Met. Now below 1053 now threatens 996 next with secondary, if broke ……..
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LSE:LLOY Lloyds Grp.. Close Mid-Price: 41.77 Percentage Change: + 6.86% Day High: 41.95 Day Low: 38.51

Continued weakness against LLOY taking the price below 38.5 calculates as ……..
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LSE:MKS Marks and Spencer. Close Mid-Price: 98.44 Percentage Change: + 5.62% Day High: 100 Day Low: 91.7

In the event Marks and Spencer experiences weakness below 91.7 it calculat ……..
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LSE:NG. National Glib. Close Mid-Price: 860.6 Percentage Change: + 0.26% Day High: 879.8 Day Low: 844.4

Target Met. If National Grid experiences continued weakness below 844, it ……..
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LSE:NWG Natwest. Close Mid-Price: 228.7 Percentage Change: + 7.67% Day High: 230.3 Day Low: 210.9

Weakness on Natwest below 210 will invariably lead to 198 with secondary ( ……..
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LSE:OCDO Ocado Plc. Close Mid-Price: 435.8 Percentage Change: + 10.86% Day High: 440.8 Day Low: 380.3

Continued weakness against OCDO taking the price below 380 calculates as l ……..
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LSE:PHP Primary Health. Close Mid-Price: 98.85 Percentage Change: + 0.15% Day High: 102.1 Day Low: 95.75

If Primary Health experiences continued weakness below 95, it will invaria ……..
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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 729.6 Percentage Change: -0.44% Day High: 740.2 Day Low: 698.4

In the event Scottish Mortgage Investment Trust experiences weakness below ……..
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LSE:SRP Serco. Close Mid-Price: 153.4 Percentage Change: + 2.54% Day High: 154.2 Day Low: 148.9

Weakness on Serco below 148 will invariably lead to 139 with secondary, if ……..
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LSE:STAN Standard Chartered. Close Mid-Price: 551.4 Percentage Change: + 2.38% Day High: 552.8 Day Low: 530.6

Continued weakness against STAN taking the price below 530 calculates as l ……..
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LSE:TLW Tullow. Close Mid-Price: 38.66 Percentage Change: + 0.73% Day High: 39.22 Day Low: 37.1

In the event Tullow experiences weakness below 37.1 it calculates with a d ……..
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LSE:TSCO Tesco. Close Mid-Price: 200.9 Percentage Change: + 0.88% Day High: 203.2 Day Low: 194.35

In the event Tesco experiences weakness below 194, it calculates with a dr ……..
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LSE:TW. Taylor Wimpey. Close Mid-Price: 86.6 Percentage Change: + 0.23% Day High: 89.18 Day Low: 80.8

Continued weakness against TW. taking the price below 80 calculates as lea ……..
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*** End of “Updated Today” comments on shares.

#Gold #Nasdaq

Finally getting around to searching for the origins of the word “Pendragon”, we were amused to discover it’s Welsh roots, meaning “Head Dragon”. Without a doubt, this particular dragon has been biting shareholders on the posterior since 2016 but now, it finally looks like the stock market may be applying a healing salve.

Perhaps this potential for recovery is at a terrible time, given the underlying feel of the markets and, in addition, the car market must surely suffer from increased interest rates, along with increased energy prices. It’s certainly easy to suspect the impetus toward Electric Vehicles shall falter, given What Car magazine’s recent real world tests which revealed it now costs more to charge batteries than to top up with petrol. A family member recently moaned about this, her irritation growing as falling temperatures here in Scotland are seeing her battery range drop from 240 miles to around 150 miles in her Renault Zoe. This sort of thing must surely effect the car buying market as folk tend lose interest in going Green, when their credit card statement is getting a hammering.

 

However, for now, Pendragon look capable of taking wing and heading upward as recent share price movements are proving completely at odds with the majority of shares in the UK stock markets. The share price was recently manipulated upward, thanks to an unsolicited offer for takeover of the entire company. As a result of this approach, a little war of words appears to be taking place between Hedin Mobility and Pendragon and a glance through the appropriate RNS’s failed to provide any great clarity as to what is actually happening. But then again, no-one plays poker with all their cards face up as it defeats the purpose!

The immediate situation looks pretty straightforward as strength above 28p looks capable of movement to an initial 29.7p. If bettered, our secondary works out at 33p, an interesting prospect, as this dumps the share price in a zone where a longer term 43p calculates as possible. Who knows, perhaps a bidding war is expected for the motor trade giant?

 

To cause panic, their share price needs drop below Red (18p), working out with the potential of reversal to 11p initially. Should such a level break, our secondary and “ultimate bottom” comes along at 8p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:18:15PM	BRENT	91.7									Success
9:19:59PM	GOLD	1674.63	1661	1657	1650	1672	1679	1682	1689	1669
9:36:17PM	FTSE	6821.48									‘cess
9:37:59PM	STOX50	3330.7									Shambles
9:45:15PM	GERMANY	12174.56
9:48:18PM	US500	3581
9:50:36PM	DOW	29257
9:53:29PM	NASDAQ	10796	10717	10665	10580	10845	10924	10959	11042	10828
9:55:46PM	JAPAN	26359

 

12/10/2022 FTSE Closed at 6826 points. Change of -0.86%. Total value traded through LSE was: £ 5,099,638,855 a change of -0.72%

11/10/2022 FTSE Closed at 6885 points. Change of -1.06%. Total value traded through LSE was: £ 5,136,859,995 a change of 18.36%

10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%

7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%

6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%

5/10/2022 FTSE Closed at 7052 points. Change of -0.48%. Total value traded through LSE was: £ 5,488,765,319 a change of -9.96%

4/10/2022 FTSE Closed at 7086 points. Change of 2.58%. Total value traded through LSE was: £ 6,096,244,319 a change of 12.65%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BLOE Block Energy PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **LSE:VOD Vodafone** **

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Updated charts published on : Aston Martin, Asos, Aviva, Barclays, Barrett Devs, Block Energy PLC, British Telecom, Carclo, Darktrace Plc, MAN, Foxtons, Fresnillo, HSBC, Igas Energy, IG Group, ITM Power, Just Eat, Lloyds Grp., Marks and Spencer, National Glib, Natwest, Ocado Plc, Primary Health, Serco, Standard Chartered, Tullow, Vodafone,

LSE:AML Aston Martin Close Mid-Price: 90.44 Percentage Change: -4.13% Day High: 96.52 Day Low: 88.7

Continued weakness against AML taking the price below 88.7 calculates as ……..

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LSE:ASC Asos Close Mid-Price: 508.5 Percentage Change: -6.01% Day High: 540.5 Day Low: 504

Continued weakness against ASC taking the price below 504 calculates as l ……..

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LSE:AV. Aviva Close Mid-Price: 373.8 Percentage Change: -2.58% Day High: 382.6 Day Low: 366.8

If Aviva experiences continued weakness below 366.8, it will invariably l ……..

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LSE:BARC Barclays Close Mid-Price: 135.68 Percentage Change: -3.20% Day High: 138.38 Day Low: 132.06

Continued weakness against BARC taking the price below 132.06 calculates ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 325.4 Percentage Change: -5.13% Day High: 330.4 Day Low: 313

In the event Barrett Devs experiences weakness below 313 it calculates wi ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 2.23 Percentage Change: -3.26% Day High: 2.4 Day Low: 2.23

Further movement against Block Energy PLC ABOVE 2.4 should improve accele ……..

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LSE:BT.A British Telecom Close Mid-Price: 119.5 Percentage Change: -3.47% Day High: 123.8 Day Low: 119.25

Weakness on British Telecom below 119.25 will invariably lead to 117 with ……..

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LSE:CAR Carclo Close Mid-Price: 16.25 Percentage Change: -2.69% Day High: 16.5 Day Low: 16.05

Weakness on Carclo below 16.05 will invariably lead to 15.9 with secondar ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 286 Percentage Change: -4.09% Day High: 299.1 Day Low: 284.2

Weakness on Darktrace Plc below 284.2 will invariably lead to 264 with se ……..

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LSE:EMG MAN Close Mid-Price: 207.9 Percentage Change: -4.33% Day High: 221.8 Day Low: 205.8

In the event MAN experiences weakness below 205.8 it calculates with a dr ……..

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LSE:FOXT Foxtons Close Mid-Price: 28.2 Percentage Change: -3.75% Day High: 29.3 Day Low: 28.25

In the event Foxtons experiences weakness below 28.25 it calculates with ……..

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LSE:FRES Fresnillo Close Mid-Price: 759.2 Percentage Change: -0.63% Day High: 773.8 Day Low: 750.6

Weakness on Fresnillo below 750.6 will invariably lead to 655p with secon ……..

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LSE:HSBA HSBC Close Mid-Price: 449.05 Percentage Change: -1.20% Day High: 453.8 Day Low: 443.65

Target met. In the event HSBC experiences weakness below 443.65 it calcul ……..

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LSE:IGAS Igas Energy Close Mid-Price: 47.6 Percentage Change: -10.19% Day High: 52.6 Day Low: 44.7

If Igas Energy experiences continued weakness below 44.7, it will invaria ……..

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LSE:IGG IG Group Close Mid-Price: 750.5 Percentage Change: -1.18% Day High: 760.5 Day Low: 734

Weakness on IG Group below 734 will invariably lead to 717 with secondary ……..

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LSE:ITM ITM Power Close Mid-Price: 90.92 Percentage Change: -6.86% Day High: 98.46 Day Low: 90.9

In the event ITM Power experiences weakness below 90.9 it calculates with ……..

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LSE:JET Just Eat Close Mid-Price: 1103.6 Percentage Change: -5.51% Day High: 1184 Day Low: 1076.4

If Just Eat experiences continued weakness below 1076.4, it will invariab ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 39.09 Percentage Change: -5.80% Day High: 41 Day Low: 38.75

Target met. Continued weakness against LLOY taking the price below 38.75 ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 93.2 Percentage Change: -5.09% Day High: 97.14 Day Low: 91.94

In the event Marks and Spencer experiences weakness below 91.94 it calcul ……..

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LSE:NG. National Glib Close Mid-Price: 858.4 Percentage Change: -2.87% Day High: 886.6 Day Low: 856.8

Target met. If National Glib experiences continued weakness below 856.8, ……..

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LSE:NWG Natwest Close Mid-Price: 212.4 Percentage Change: -4.15% Day High: 220.4 Day Low: 211.2

Weakness on Natwest below 211.2 will invariably lead to 198 with secondar ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 393.1 Percentage Change: -5.16% Day High: 409.6 Day Low: 390.4

Continued weakness against OCDO taking the price below 390.4 calculates a ……..

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LSE:PHP Primary Health Close Mid-Price: 98.7 Percentage Change: -2.28% Day High: 102.6 Day Low: 98.35

If Primary Health experiences continued weakness below 98.35, it will inv ……..

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LSE:SRP Serco Close Mid-Price: 149.6 Percentage Change: -2.35% Day High: 153.6 Day Low: 150.1

Weakness on Serco below 150.1 will invariably lead to 135 with secondary ……..

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LSE:STAN Standard Chartered Close Mid-Price: 538.6 Percentage Change: -1.64% Day High: 550.4 Day Low: 532.8

Continued weakness against STAN taking the price below 532.8 calculates a ……..

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LSE:TLW Tullow Close Mid-Price: 38.38 Percentage Change: -6.62% Day High: 41.18 Day Low: 37.76

Target met. In the event Tullow experiences weakness below 37.76 it calcu ……..

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LSE:VOD Vodafone Close Mid-Price: 98.95 Percentage Change: -2.32% Day High: 101.62 Day Low: 97.4

Continued weakness against VOD taking the price below 97. calculates as l ……..

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*** End of “Updated Today” comments on shares.

#FTSE #STOX Perhaps, with this little “lesson” on charts, we shall be preaching to the choir with TUI but there’s a signal which tends be invaluable. It’s when a price achieves a degree of stability, especially in a downward cycle, this stability often ending with a “Gotcha suckers” leap off a cliff. With TUI, the leaps are proving to be careful steps down, movement from the 400p lever leading down to 300p.

Then, after a reasonable period of mourning at discovering this low, probably convincing many investors 300p was “bottom”, it again stepped down to 250p. Once sufficient numbers convinced themselves this was obviously a solid bottom, the price remorselessly stepped down to 150p. And now, it almost feels like the current price level is being “sold” to the market as a probable bottom. Obviously, as utter cynics, we’re not entirely convinced, due to the presence of a Big Picture bottoming potential now calculating at an eventual 56p.This is a price level we cannot calculate below.

 

We’re a little surprised at the lack of vibrant atmosphere around TUI. Firstly, there’s the bloke next door! As our dogs are best friends, he habitually dumps his mutt with us when he flies abroad for a quick holiday. This year, he’s managed to vanish for 6 weeks (so far), describing visits to destinations as like stepping back 30 years, without the usual tourist mobs. However, returning today from the far east, he noticed (quite miserably) passenger numbers are increasing. We noticed, (hopefully) TUI recently reported their winter bookings at 78% of pre-Covid levels. Yet their share price languishes at 12% of pre-pandemic levels!

The current picture remains dubious, movement below 100p working out with the potential of reversal to 88p next. We would hope for a bounce at such a level, especially as it looks like the last port of call before our ultimate bottom of 56p. If there’s any residual strength, 88p should be “it”, in plain English, anytime now for a bounce.

 

Our inclination is to allocate 120p as a viable trigger level, due to movement above such a point calculating with the chances of a visit to 132p next. If bettered, our secondary comes along at a potentially game changing 158 – game changing because such a travel ambition takes the price above the ruling downtrend, into a region where a 3rd level target of 184 should be viable. However, our (usual) demand remains valid, we need see the share price actually close above the Blue downtrend.

 

In summary, we suspect TUI are close to bottoming, perhaps needing fingers crossed before daring to become involved.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:54:01PM	BRENT	92.91									Success
9:55:51PM	GOLD	1667
9:58:52PM	FTSE	6878.98	6847	6808	6710	6912	6948	6985	7031	6888	Success
10:01:30PM	STOX50	3332.2	3307	3293	3272	3331	3356	3373	3395	3332	‘cess
10:03:59PM	GERMANY	12174									‘cess
10:06:25PM	US500	3597.37									‘cess
10:09:05PM	DOW	29278.5									‘cess
10:11:26PM	NASDAQ	10821.05									‘cess
10:13:33PM	JAPAN	26369									‘cess

11/10/2022 FTSE Closed at 6885 points. Change of -1.06%. Total value traded through LSE was: £ 5,136,859,995 a change of 18.36%

10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%

7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%

6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%

5/10/2022 FTSE Closed at 7052 points. Change of -0.48%. Total value traded through LSE was: £ 5,488,765,319 a change of -9.96%

4/10/2022 FTSE Closed at 7086 points. Change of 2.58%. Total value traded through LSE was: £ 6,096,244,319 a change of 12.65%

3/10/2022 FTSE Closed at 6908 points. Change of 0.22%. Total value traded through LSE was: £ 5,411,543,289 a change of -20.03%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BLOE Block Energy PLC** **LSE:CCL Carnival** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **LSE:TERN Tern Plc** **

********

Updated charts published on : Avacta, Barclays, Block Energy PLC, Carnival, Fresnillo, HSBC, ITM Power, Just Eat, National Glib, Ocado Plc, Primary Health, Scottish Mortgage Investment Trust, Standard Chartered, Tern Plc,

LSE:AVCT Avacta. Close Mid-Price: 103 Percentage Change: + 5.10% Day High: 102 Day Low: 95.5

This is remains a nuisance as below 95 suggests coming weakness to an init ……..

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LSE:BARC Barclays Close Mid-Price: 140.16 Percentage Change: -2.15% Day High: 142.22 Day Low: 139.56

If Barclays experiences continued weakness below 139, it will invariably l ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 2.3 Percentage Change: + 15.00% Day High: 2.3 Day Low: 2

All Block Energy PLC needs are mid-price trades ABOVE 2.3 to improve accel ……..

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LSE:CCL Carnival. Close Mid-Price: 508.8 Percentage Change: + 1.48% Day High: 511.2 Day Low: 483.2

Continued weakness against CCL taking the price below 483 calculates as le ……..

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LSE:FRES Fresnillo Close Mid-Price: 764 Percentage Change: -1.16% Day High: 776.2 Day Low: 756.4

If Fresnillo experiences continued weakness below 756, it will invariably ……..

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LSE:HSBA HSBC Close Mid-Price: 454.5 Percentage Change: -1.78% Day High: 462.15 Day Low: 452.85

Continued weakness against HSBA taking the price below 452 calculates as l ……..

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LSE:ITM ITM Power. Close Mid-Price: 97.62 Percentage Change: + 0.58% Day High: 99.88 Day Low: 95.12

Continued weakness against ITM taking the price below 95 calculates as lea ……..

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LSE:JET Just Eat Close Mid-Price: 1168 Percentage Change: -3.38% Day High: 1206.6 Day Low: 1136.8

Target Met. On deliveries below 1136 now point at 1053 next, hopefully wit ……..

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LSE:NG. National Glib Close Mid-Price: 883.8 Percentage Change: -1.89% Day High: 902.6 Day Low: 879.4

Target Met. Weakness now below 879 shows with quite a strong bounce potent ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 414.5 Percentage Change: -5.32% Day High: 442.9 Day Low: 415

Target Met. This is not having a fun time as weakness below 414 now calcul ……..

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LSE:PHP Primary Health Close Mid-Price: 101 Percentage Change: -2.32% Day High: 106 Day Low: 100.3

Target Met. Now looking grim, trouble below 100p risks a visit to 91 next ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 738 Percentage Change: -0.86% Day High: 747.2 Day Low: 721

In the event Scottish Mortgage Investment Trust experiences weakness below ……..

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LSE:STAN Standard Chartered Close Mid-Price: 547.6 Percentage Change: -3.90% Day High: 568.4 Day Low: 543.6

Weakness on Standard Chartered below 543 will invariably lead to 511 with ……..

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LSE:TERN Tern Plc Close Mid-Price: 7.1 Percentage Change: -2.07% Day High: 7.25 Day Low: 6.75

Continued weakness against TERN taking the price below 6.75 calculates as ……..

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*** End of “Updated Today” comments on shares.

#Gold #SP500

It’s easy to imagine IAG.L (Previously British Airways) proves unpopular, due to their enormous name which is thankfully used for corporate ego and little else. Perhaps this is the reason their airlines retain the original branding, few aircraft being of sufficient length to paint the full company name!

IAG share price has experienced a pretty tough time during the last few years, even managing to match the pandemic lows of 2020 with their recent trip down to 93p. When we review things from a Big Picture perspective, there is a reasonable chance this share price should actually bounce from the 93p as the potential consequences of a fall below such a price are more dangerous than a speech by Truss, the UK PM. Already, it appears the recent visit to 93p was inspired by actions of the current UK government.

To deal with the bad scenario first, our calculations now show weakness below 93p as capable of triggering reversal to 81p and hopefully a proper bounce. We can calculate a secondary, should 79p break, and it’s an eventual bottom at a silly looking 51p, a price level rarer than a smile from British Airways cabin crew on a long haul flight.

 

However, price movements since the visit to 93p offer faint encouragement, thanks to some half hearted attempts to break the Blue downtrend which dates back to a few weeks before the pandemic hit the fan in 2020. The immediate situation suggests “strength” above 103p (currently trading around 101p) should make an attempt at an initial 113p next. If bettered, our secondary calculates at 126p, this representing a fascinating price level for the longer term.

In the longer term, closure above 126p apparently should prove significant, taking the share to a flight level where ongoing rises suggest a future 156p is possible with secondary, if bettered, at 208p. Usually we eschew such Big Picture thoughts but in this instance, the visuals against each target make a lot of sense, each ambition effectively challenging historical “glass ceiling” levels on the chart. It’s easy to already imagine a future 208p shall become crucial, giving the share an opportunity to make a game changing movement and lose its current “budget share price airline” status.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:28:52PM	BRENT	95.32
10:32:01PM	GOLD	1668.92	1665	1659	1647	1679	1690	1693	1703	1680	Success
10:33:47PM	FTSE	6967.58									‘cess
10:35:44PM	STOX50	3367.3									‘cess
10:39:35PM	GERMANY	12317									‘cess
10:41:42PM	US500	3615.42	3599	3583	3559	3655	3655	3667	3694	3613
10:43:36PM	DOW	29224
10:45:51PM	NASDAQ	10935									‘cess
10:52:12PM	JAPAN	26650									‘cess

10/10/2022 FTSE Closed at 6959 points. Change of -0.46%. Total value traded through LSE was: £ 4,340,006,444 a change of -6.55%

7/10/2022 FTSE Closed at 6991 points. Change of -0.09%. Total value traded through LSE was: £ 4,644,361,624 a change of -27.89%

6/10/2022 FTSE Closed at 6997 points. Change of -0.78%. Total value traded through LSE was: £ 6,440,759,247 a change of 17.34%

5/10/2022 FTSE Closed at 7052 points. Change of -0.48%. Total value traded through LSE was: £ 5,488,765,319 a change of -9.96%

4/10/2022 FTSE Closed at 7086 points. Change of 2.58%. Total value traded through LSE was: £ 6,096,244,319 a change of 12.65%

3/10/2022 FTSE Closed at 6908 points. Change of 0.22%. Total value traded through LSE was: £ 5,411,543,289 a change of -20.03%

30/09/2022 FTSE Closed at 6893 points. Change of 0.17%. Total value traded through LSE was: £ 6,766,933,974 a change of -4.67%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:CCL Carnival** **LSE:FRES Fresnillo** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:TERN Tern Plc** **

********

Updated charts published on : Aston Martin, Asos, Carnival, Fresnillo, ITM Power, Just Eat, National Glib, Ocado Plc, Primary Health, Tern Plc,

LSE:AML Aston Martin Close Mid-Price: 90.12 Percentage Change: -6.38% Day High: 99.5 Day Low: 89.34

Target met. Weakness on Aston Martin below 89.34 will invariably lead to ……..

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LSE:ASC Asos. Close Mid-Price: 535.5 Percentage Change: + 0.66% Day High: 545 Day Low: 516.5

Target met. If Asos experiences continued weakness below 516.5, it will i ……..

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LSE:CCL Carnival Close Mid-Price: 501.4 Percentage Change: -4.68% Day High: 536.2 Day Low: 498.9

Continued weakness against CCL taking the price below 498.9 calculates as ……..

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LSE:FRES Fresnillo Close Mid-Price: 773 Percentage Change: -1.85% Day High: 789 Day Low: 761

If Fresnillo experiences continued weakness below 761, it will invariably ……..

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LSE:ITM ITM Power Close Mid-Price: 97.06 Percentage Change: -4.42% Day High: 101.35 Day Low: 96.66

Continued weakness against ITM taking the price below 96.66 calculates as ……..

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LSE:JET Just Eat Close Mid-Price: 1208.8 Percentage Change: -3.51% Day High: 1247.6 Day Low: 1196.4

Continued weakness against JET taking the price below 1196.4 calculates a ……..

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LSE:NG. National Glib Close Mid-Price: 900.8 Percentage Change: -0.79% Day High: 904.8 Day Low: 893

Continued weakness against NG. taking the price below 893 calculates as l ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 437.8 Percentage Change: + 1.32% Day High: 447.8 Day Low: 425

If Ocado Plc experiences continued weakness below 425, it will invariably ……..

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LSE:PHP Primary Health Close Mid-Price: 103.4 Percentage Change: -2.27% Day High: 105.2 Day Low: 103.1

Weakness on Primary Health below 103.1 will invariably lead to 101 with s ……..

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LSE:TERN Tern Plc Close Mid-Price: 7.25 Percentage Change: -2.68% Day High: 7.45 Day Low: 7.15

Continued weakness against TERN taking the price below 7.15 calculates as ……..

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*** End of “Updated Today” comments on shares.