Author: T&T Staff

#FTSE #GOLD  We tried something new on Thursday evening, watching FTSE futures in conjunction with results being released in the General Election. So far, the exercise has been quite fascinating, currently with glimpses of panic at the rate Futures were climbing. While writing this, FTSE Futures were just gapped DOWN by 15 points in what looks like a visible attempt to slow things down.

Of course, this isn’t a real problem, probably quite the opposite, as it reduces the chances of the FTSE being spiked up massively at the open on Friday morning. This usually creates a situation where within 90 minutes or so, the market starts to rewind the effects of the spike unless the index is gapped up at the start of the spike. For instance, should the opening second of trade should a gap from 8241 points to 8255 points, immediately followed by gains to around 8265 points, there shall be a very good chance of the day being quite positive. But should the market opt to show the first seconds of trade with trades to 8465, our confidence for a good day will be quite damaged. It can be assumed we expect the FTSE to open the day around 8265 unless some sort of massive political upset occurs.

Up here in Scotland, quite a different set of circumstances prevails with a certain outcome looking like the 3rd largest party in Westminster, the SNP, being utterly humiliated. The blame is being laid firmly at the door of Sturgeon and what looks like corrupt behaviour by her and the cabal. There’s doubtless going to be a civil war within the SNP when the troughers fired from Westminster believe they deserve a seat in the gravy train that is the Scottish parliament. Time to order some popcorn while being amused at the fight.

 

For the FTSE, it looks like above 8265 points could trigger movement to an initial 8301 points with our secondary, if beaten, calculating at 8367 points. If triggered, the tightest stop loss level looks reasonable at 8225 and given movement such as this shall place the UK index in a region where a long term cycle to 8465 should commence, that’s a reasonable number for a stop.

Our converse scenario, if things decide to go wrong, needs the index to fall below 8207 to ring alarm bells, risking triggering reversal to 8158 with secondary, if broken, at 8086 points.

 

Have a good weekend. Hopefully the British Grand Prix produces some entertainment. Austria last weekend was quite boring, until the last few laps which brought real racing.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:07:04PM	BRENT	8745.8	8374	8214		8564	8434	8811		8521
10:10:35PM	GOLD	2356.3	2351	2347		2360	2362	2365		2351
10:40:56PM	FTSE	8257	8226	8214		8242	8261	8287		8228	Success
10:43:31PM	STOX50	4993.5	4955	4948		4981	4995	5011		4965	‘cess
10:46:18PM	GERMANY	18453	18386	18357		18421	18467	18517		18395
10:49:09PM	US500	5531.9	5502	5485		5515	5541	5554		5502
10:51:37PM	DOW	39336	39286	39252		39355	39440	39486		39313
10:54:22PM	NASDAQ	20144	19966	19870		20040	20177	20235		19966
10:58:26PM	JAPAN	40860	40504	40380		40738	40976	41346		40598	Success

 

4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%

3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%

2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%

1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%

28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%

27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

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…

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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:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:NG. National Glib** **LSE:STAR Star Energy** **

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Updated charts published on : Avacta, Barclays, British Airways, IG Group, ITM Power, ITV, National Glib, Star Energy,

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LSE:AVCT Avacta. Close Mid-Price: 67 Percentage Change: + 14.04% Day High: 67.75 Day Low: 58.65

Target met. Further movement against Avacta ABOVE 68 should improve accel ……..

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LSE:BARC Barclays. Close Mid-Price: 224.35 Percentage Change: + 2.84% Day High: 224.5 Day Low: 219

All Barclays needs are mid-price trades ABOVE 224.5 to improve accelerati ……..

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LSE:IAG British Airways. Close Mid-Price: 174.65 Percentage Change: + 0.75% Day High: 176.2 Day Low: 172.55

Continued trades against IAG with a mid-price ABOVE 176.2 should improve ……..

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LSE:IGG IG Group. Close Mid-Price: 837 Percentage Change: + 0.48% Day High: 839.5 Day Low: 832

In the event of IG Group enjoying further trades beyond 839.5, the share ……..

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LSE:ITM ITM Power. Close Mid-Price: 49.26 Percentage Change: + 0.45% Day High: 51 Day Low: 48.2

All ITM Power needs are mid-price trades ABOVE 51 to improve acceleration ……..

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LSE:ITV ITV Close Mid-Price: 82.8 Percentage Change: -0.30% Day High: 83.55 Day Low: 82.05

Continued trades against ITV with a mid-price ABOVE 83.55 should improve ……..

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LSE:NG. National Glib. Close Mid-Price: 922.6 Percentage Change: + 1.14% Day High: 919.6 Day Low: 908.6

In the event of National Glib enjoying further trades beyond 919.6, the s ……..

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LSE:STAR Star Energy. Close Mid-Price: 7.95 Percentage Change: + 1.53% Day High: 0 Day Low: 0

Continued trades against STAR with a mid-price ABOVE 7.95 should improve ……..

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

#Gold #Stoxx50  We’d suspected the rolling pandemic of elections around the world were going to provide a bumper year for the polling company, YouGov. This illusion was shattered, when the company issued a profit warning on 20th June, a point when everything went south for the share price, the market moving it from 800p to 576p in the blink of an eye. It transpires the bread and butter of YouGov’s income actually comes from surveys carried out for companies into their customer behaviour, a business area which has seen a reduction in contracts apparently.

It actually makes some sense, if slicing the logic for a survey down to absolute basics.

“Q; Why Are Our Sales Down?”

“A; Your Prices Are Too High!”

It’s not exactly rocket science and doubtless quite a few organisations opted not to waste money seeking answers which were literally written in the sky, if you count jet contrails. Alternately, it appears far easier to find parking spaces at the major supermarkets, yet Aldi and Lidl can be a real nuisance. In any case, Aldi is worth it, just for their Wagyu beef burgers!

 

We’ve a reasonable suspicion YouGov share price may have discovered a floor at the 400p level. This scenario shall be confirmed, if movement above just 435p should trigger recovery to an initial 450p with our secondary, if exceeded, at 488p. At such a level, it becomes essential for the share to close a session above 488p to confirm bottom is “in”, effectively painting a future 559 as a viable third level target. Unfortunately, at this time, we are unable to project any recovery capable of moving the share above the Red uptrend since 2016.

Should trouble be brewing, the share price needs vote below 400p as it risks a freefall to 182 and a probable “ultimate bottom”, a price level below which we cannot calculate.

 

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:02:21PM	BRENT	8700.2
11:07:13PM	GOLD	2356.74	2319	2298	2276	2340	2366	2378	2426	2320	Success
11:11:46PM	FTSE	8186.5
11:13:35PM	STOX50	4972	4925	4907	4883	4945	4980	4992	5033	4954
11:16:30PM	GERMANY	18399.9									Success
11:19:48PM	US500	5531.9									‘cess
11:23:26PM	DOW	39292									‘cess
11:26:39PM	NASDAQ	20168									‘cess
11:28:57PM	JAPAN	40671									Success

 

3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%

2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%

1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%

28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%

27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%

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…

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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BME B & M** **LSE:CAR Carclo** **LSE:IAG British Airways** **LSE:SDY Speedyhire** **

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Updated charts published on : Avacta, B & M, Carclo, British Airways, Speedyhire,

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LSE:AVCT Avacta. Close Mid-Price: 58.75 Percentage Change: + 5.29% Day High: 61.5 Day Low: 55

Target met. Continued trades against AVCT with a mid-price ABOVE 61.5 sho ……..

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LSE:BME B & M Close Mid-Price: 435.9 Percentage Change: -0.84% Day High: 441.5 Day Low: 433.7

If B & M experiences continued weakness below 433.7, it will invariably l ……..

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LSE:CAR Carclo. Close Mid-Price: 20.05 Percentage Change: + 1.26% Day High: 21 Day Low: 20

In the event of Carclo enjoying further trades beyond 21, the share shoul ……..

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LSE:IAG British Airways. Close Mid-Price: 173.35 Percentage Change: + 5.51% Day High: 173.4 Day Low: 164.35

#Continued weakness against IAG taking the price below 159 calculates as l ……..

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LSE:SDY Speedyhire. Close Mid-Price: 35.1 Percentage Change: + 0.29% Day High: 36.2 Day Low: 34.85

All Speedyhire needs are mid-price trades ABOVE 36.2 to improve accelerat ……..

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

#FTSE #Nasdaq Trend lines can prove fascinating and we notice Deutsche Telecom (DTE) are providing a perfect example of something which may be quite important. The German company share price topped out in March 2000, literally the peak of the Tech/Dotcom bubble, and similar to so many other members of this ridiculous market spike, DTE share price was soundly thrashed. It then spent the following 20 years doing very little but now, there are early warning signs something positive may be happening.

Usually we’d prefer taking this sort of thing with a pinch of salt but when DTE’s price movements this year are examined, for some reason a 24 year old line is visually playing some part in share price movements. This is liable to prove significant for the longer term, if the historical high above 100€ is still regarded as part of the trading cycle. Currently, the share price would need close below 20€ to spoil the party and effectively cancel our immediate cautious optimism.

 

The immediate situation with Deutsche Telecom looks quite interesting, though falls some distance away from being a multibagger potential. Above 23.75 Euro now calculates with the potential of near term movement to an initial 24.5€ with our secondary, if bettered, calculating at a confident looking longer term 26€.  Overall, the only number we can calculate with potential for trouble sits at 33€, a price level which if achieved has the potential to provoke some market hesitation.

If things intend go totally wrong, the share price needs below 20 to risk triggering reversal to an initial 17.7€ with our longer term secondary, if broken, at a future 13.4 and hopefully a bottom.

We suspect this shall hopefully prove worth keeping an eye on.

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:28:21PM	BRENT	8643.5
9:30:57PM	GOLD	2329.11
9:44:14PM	FTSE	8134	8107	8064	8042	8147	8162	8209	8262	8132	‘cess
9:52:09PM	STOX50	4911.2									Success
9:54:49PM	GERMANY	18163.3									Success
9:57:28PM	US500	5502.6									Success
10:02:03PM	DOW	39294.5
10:05:26PM	NASDAQ	19990.6	19783	19706	19603	19917	20014	20057	20217	19924	Success
10:12:46PM	JAPAN	40226									Success

 

2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%

1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%

28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%

27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%

24/06/2024 FTSE Closed at 8281 points. Change of 0.53%. Total value traded through LSE was: £ 5,274,668,036 a change of -64.96%

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…

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

Click Epic to jump to share: LSE:BME B & M** **LSE:DGE Diageo** **LSE:IPF International Personal Finance** **LSE:JET Just Eat** **LSE:OPG OPG Power Ventures** **LSE:SBRY Sainsbury** **

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Updated charts published on : B & M, Diageo, International Personal Finance, Just Eat, OPG Power Ventures, Sainsbury,

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LSE:BME B & M Close Mid-Price: 439.6 Percentage Change: -0.54% Day High: 442.6 Day Low: 436.4

In the event B & M experiences weakness below 436.4 it calculates with a ……..

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LSE:DGE Diageo Close Mid-Price: 2463.5 Percentage Change: -0.67% Day High: 2473 Day Low: 2454

If Diageo experiences continued weakness below 2454, it will invariably l ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 129 Percentage Change: + 0.39% Day High: 129.5 Day Low: 128.5

Continued trades against IPF with a mid-price ABOVE 129.5 should improve ……..

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LSE:JET Just Eat Close Mid-Price: 934 Percentage Change: -1.99% Day High: 949 Day Low: 936

Target met. In the event Just Eat experiences weakness below 936 it calcu ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 10 Percentage Change: -0.99% Day High: 10.12 Day Low: 9.75

In the event OPG Power Ventures experiences weakness below 9.75 it calcul ……..

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LSE:SBRY Sainsbury Close Mid-Price: 250.4 Percentage Change: -2.87% Day High: 256.2 Day Low: 244.8

If Sainsbury experiences continued weakness below 244.8, it will invariab ……..

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

#Gold #SP500  around 32 at time of writing.  It’s always interesting when we get a chance to compare chalk with cheese and in the case of Golden Prospect, something quite fascinating is happening. We’ve had a few emails about this share “waking up” and while that’s certainly the case, the disparity in price movements between Gold and GPM’s share price since 2021 is fascinating.

It always strikes us as odd, while some companies slavishly follow the price of whatever commodity they specialise in, many others wander off and do their own thing. Of course, Golden Prospect don’t actually get their hands dirty in exploration, instead providing a fund who invest in gold and precious metals companies. As a result, despite our favourite gold miners on telly expressing utter delight at Gold staying above the $2k level, it’s likely to be some time until the enhanced price of gold works its way through to the bottom line of conventional organisation. By way of explanation, we watch Gold Rush and Bering Sea Gold on Discovery, concluding there are actually only two or three miners worth paying attention to, even to the extent of viewing former opera singer ‘Emily Riedel’ and her fortnightly gold diving efforts on YouTube.

 

The immediate situation with GPM certainly suggests some caution. While the share price has definitely moved through the Blue downtrend since 2020, it hasn’t exactly covered itself in glory, visually attempting to exhibit a “more of the same” stance. For this reason, we’re a little worried, preferring to suggest waiting to see if it moved above the prior high of 37.5 before taking an interest as this calculates with the potential of movement toward a fairly useless 40p. However, in the event the 40p level is exceeded, our secondary for the longer term calculates at 52.5p, an ambition which even makes some visual sense as it matches the highs of 2022 and will probably represent a point of some hesitation in any longer term recovery cycle.

 

As always, we’ve a converse scenario, one which needs the share price to relax below just 31p to risk rearing its ugly head. Below 31p risks promoting reversal to an initial 25.5 with our secondary, if broken, at 21.5p and a possible bottom. With Gold currently at $2331 and looking  like it wants to enter a cycle to around $2160, we would not be aghast if GPM gets a bit of a hammering should the excuse be given.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:50:37PM	BRENT	8671									Success
9:52:45PM	GOLD	2331.79	2319	2313	2305	2330	2339	2347	2357	2325
9:54:41PM	FTSE	8157.2
9:59:09PM	STOX50	4938.4
10:02:23PM	GERMANY	18321.9
10:06:11PM	US500	5472.4	5445	5438	5409	5470	5481	5493	5509	5465
10:08:45PM	DOW	39141
10:11:07PM	NASDAQ	19799.2									‘cess
10:14:17PM	JAPAN	39491									Shambles

 

1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%

28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%

27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%

24/06/2024 FTSE Closed at 8281 points. Change of 0.53%. Total value traded through LSE was: £ 5,274,668,036 a change of -64.96%

23/06/2024 FTSE Closed at 8237 points. Change of -0.42%. Total value traded through LSE was: £ 15,052,828,026 a change of 169.21%

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…

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

Click Epic to jump to share: LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **

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Updated charts published on : Carclo, Carnival, Diageo, Star Energy, Tern Plc,

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LSE:CAR Carclo. Close Mid-Price: 18.7 Percentage Change: + 0.54% Day High: 20 Day Low: 18.9

Target met. Further movement against Carclo ABOVE 20 should improve accel ……..

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LSE:CCL Carnival Close Mid-Price: 1279 Percentage Change: -5.75% Day High: 1373 Day Low: 1275.5

In the event of Carnival enjoying further trades beyond 1373, the share s ……..

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LSE:DGE Diageo Close Mid-Price: 2480 Percentage Change: -0.38% Day High: 2511.5 Day Low: 2474.5

In the event Diageo experiences weakness below 2474.5 it calculates with ……..

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LSE:STAR Star Energy. Close Mid-Price: 7.85 Percentage Change: + 6.37% Day High: 7 Day Low: 7

Above 7.85 indicates the potential of movement to an initial 8.4 with seco ……..

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LSE:TERN Tern Plc Close Mid-Price: 1.85 Percentage Change: -5.13% Day High: 1.95 Day Low: 1.7

If Tern Plc experiences continued weakness below 1.7, it will invariably l ……..

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

#Brent #Germany  It certainly promises to be a colourful Wimbledon this year, thanks in part to Barclays sponsorship. With the banks branches being variously coloured-in with Red paint from the Palestinian protestors and Orange by the Just Stop Oil brigade, perhaps the bank needs judged to have offended Ireland, thus giving the excuse for a Green coating. Perhaps we should review the B&Q share price soon as all this paint is clearly coming from somewhere?

 

The banks share price had been looking like it was limbering up to become useful, even closing marginally above our 217p level trigger price. Unfortunately, the intrusion of a UK General Election effectively kyboshed any immediate hope, the share being consigned to a parking orbit until such time we know the party colour of those spending the next few years feeding at the Westminster trough. We still suspect the share price shall enter a recovery phase but there are obviously severe risks, if the party currently speculated to achieve a “landslide” victory take their place in Government. In Scotland, this sort of victory for the nationalist party has proven pyrrhic as the government was suddenly populated with people who would have struggled to win a seat as a local councillor. Unfortunately, once this occurred, the country experienced some truly stupid behaviour from elected representatives who were focussed on promoting their own versions of “good ideas” with abandonment of common sense.

At present, it still looks like share price closure above 217p shall prove significant, kicking off a cycle to an initial 236p with our secondary, if bettered, at 251p and almost certain hesitation. But overall, the potential of a visit to a longer term 290p makes a lot of visual sense.

 

Our converse scenario, should things opt to go wrong or protestors suddenly discover “magnolia” is cheap paint, below 197p risks triggering reversals down to an initial 189p with our secondary, if broken, calculating at 177p and a visual potential for a bounce.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:04:08PM	BRENT	8485	8463	8435	8374	8512	8528	8543	8573	8470
9:09:31PM	GOLD	2326.13								2330
9:11:28PM	FTSE	8178.5								8197
9:14:19PM	STOX50	4901								4909
9:17:25PM	GERMANY	18246	18192	18175	18114	18254	18300	18315	18356	18238
9:30:02PM	US500	5471.7								5487
9:32:33PM	DOW	39168.5								39204
10:53:51PM	NASDAQ	19719								19855
10:56:36PM	JAPAN	39815								39715

 

28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%

27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%

24/06/2024 FTSE Closed at 8281 points. Change of 0.53%. Total value traded through LSE was: £ 5,274,668,036 a change of -64.96%

23/06/2024 FTSE Closed at 8237 points. Change of -0.42%. Total value traded through LSE was: £ 15,052,828,026 a change of 169.21%

20/06/2024 FTSE Closed at 8272 points. Change of 0.82%. Total value traded through LSE was: £ 5,591,583,637 a change of 26.19%

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:BME B & M** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:TERN Tern Plc** **

********

Updated charts published on : Avacta, B & M, Caspian, Carnival, Diageo, British Airways, ITM Power, Just Eat, Tern Plc,

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LSE:AVCT Avacta. Close Mid-Price: 55.5 Percentage Change: + 6.73% Day High: 56.25 Day Low: 52.25

Target met. All Avacta needs are mid-price trades ABOVE 56.25 to improve ……..

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LSE:BME B & M Close Mid-Price: 437.2 Percentage Change: -1.75% Day High: 449 Day Low: 437.8

Target met. Continued weakness against BME taking the price below 437.8 c ……..

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LSE:CASP Caspian Close Mid-Price: 3.25 Percentage Change: -1.52% Day High: 3.3 Day Low: 3.05

In the event Caspian experiences weakness below 3.05 it calculates with a ……..

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LSE:CCL Carnival. Close Mid-Price: 1357 Percentage Change: + 2.42% Day High: 1367.5 Day Low: 1338

Target met. Further movement against Carnival ABOVE 1367.5 should improve ……..

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LSE:DGE Diageo Close Mid-Price: 2489.5 Percentage Change: -0.42% Day High: 2521.5 Day Low: 2484

Weakness on Diageo below 2484 will invariably lead to 2435p with secondar ……..

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LSE:IAG British Airways. Close Mid-Price: 162.25 Percentage Change: + 0.84% Day High: 163.55 Day Low: 159.9

Continued weakness against IAG taking the price below 159.9 calculates as ……..

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LSE:ITM ITM Power Close Mid-Price: 46.4 Percentage Change: -1.61% Day High: 48 Day Low: 46

If ITM Power experiences continued weakness below 46, it will invariably ……..

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LSE:JET Just Eat Close Mid-Price: 955 Percentage Change: -1.75% Day High: 975 Day Low: 948

Target met. Continued weakness against JET taking the price below 948 cal ……..

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LSE:TERN Tern Plc Close Mid-Price: 1.95 Percentage Change: -7.14% Day High: 2.1 Day Low: 1.95

Target met. If Tern Plc experiences continued weakness below 1.95, it wil ……..

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

#FTSE #Gold  It has been a crazy week but not with the FTSE. As usual, our gripe is about the Scottish weather and the fact our heating is on tonight. Worse, judging by the rainfall levels, it sounds like the usual August monsoon in Argyll may have arrived early. It was certainly a surprise, doing a dog walk wearing a winter wax cotton jacket, waterproof boots, and gloves. But it was also amusing, bumping into tourists who’d clearly packed for summer. Often, our summer months are May & June, then everything becomes as random as politicians utterances.

As for the FTSE, we’ve had a suspicion the UK market was going to be “parked” until the horror of an election is over, perhaps between 8200 points and 8400 points. Recent movements tend suggest this may no longer be the case and even Taylor Swift is being lined up to take the blame. The story goes, the Bank of England are not convinced inflation shall fall by the required level, thus allowing them to justify keeping the country crippled by high interest rates. The logic follows a theory price gouging of “Swifties” by hotels and stores across various cities on her sell out “Eras” tour will provoke an artificial inflationary rise, due to the trades maximising on the spending power of her fan base. Maybe they’ve even got a point as we briefly contemplated buying our grand-daughters tickets for the Edinburgh event, deciding a swift nope was justified.

 

While we remain comfortable with a belief the UK index shall be restrained in a holding pattern, it starts to feel like between 8100 and 8300 shall become the bandwidth, rather than our proposed slightly higher figures. The immediate situation is fairly interesting, suggesting weakness below 8178 points risks triggering reversal to a useless 8166 next with secondary, if broken, down at 8120 points along with a possible bounce. Should this prove to be the case, anyone attempting to catch a bounce can probably emplace a stop loss at just 8098 points, due to our 3rd level drop target working out at a blank space of 8072 points, an ambition which fails to make any visual sense..

Conversely, this “silly season” Taylor Swift story may just be another aspect of the efforts of her tremendously effective PR machine, doing everything they can to ensure their principals name remains in the news on a daily basis. Should this be the case, above just 8240 has the potential of kicking off movement to an initial 8288 points with our secondary, if bettered, working out at a less likely 8320 points, less likely because the index shall be seen to shake it off our suspected trading trap until the election. But above 8320 will hint the market intends a love story with our 3rd level of 8367 points and some hesitation.

 

Due to running out of titles of Taylor Swift tunes to weave into the report, that’s it! Have a good weekend and hopefully this Grand Prix proves as good as last weekends was.

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:49:41PM	BRENT	8530.9	8467	8444		8540	8556	8624		8466
9:52:05PM	GOLD	2327	2294	2281		2305	2332	2335		2323	‘cess
9:58:27PM	FTSE	8186.4	8168	8158		8200	8240	8252		8209	‘cess
10:01:32PM	STOX50	4909.2	4896	4881		4911	4935	4946		4913	Shambles
10:34:38PM	GERMANY	18239	18141	18090		18217	18267	18288		18193	‘cess
10:37:25PM	US500	5486.5	5463	5458		5478	5491	5497		5478
10:40:38PM	DOW	39135.5	38913	38821		39084	39254	39294		39139
10:43:02PM	NASDAQ	19809.3	19617	19527		19685	19859	19904		19733
10:45:36PM	JAPAN	39571	39191	38999		39353	39667	39707		39473

 

27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%

24/06/2024 FTSE Closed at 8281 points. Change of 0.53%. Total value traded through LSE was: £ 5,274,668,036 a change of -64.96%

23/06/2024 FTSE Closed at 8237 points. Change of -0.42%. Total value traded through LSE was: £ 15,052,828,026 a change of 169.21%

20/06/2024 FTSE Closed at 8272 points. Change of 0.82%. Total value traded through LSE was: £ 5,591,583,637 a change of 26.19%

19/06/2024 FTSE Closed at 8205 points. Change of 0.17%. Total value traded through LSE was: £ 4,431,021,762 a change of -14.42%

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:BME B & M** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:IAG British Airways** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **LSE:OPG OPG Power Ventures** **

********

Updated charts published on : Avacta, B & M, Carnival, Diageo, British Airways, Just Eat, Ocado Plc, OPG Power Ventures,

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LSE:AVCT Avacta. Close Mid-Price: 52 Percentage Change: + 15.56% Day High: 52.5 Day Low: 44.7

Target met. In the event of Avacta enjoying further trades beyond 52.5, t ……..

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LSE:BME B & M Close Mid-Price: 445 Percentage Change: -1.70% Day High: 448 Day Low: 441.6

Target met. Weakness on B & M below 441.6 will invariably lead to 439p wi ……..

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LSE:CCL Carnival. Close Mid-Price: 1325 Percentage Change: + 0.95% Day High: 1340 Day Low: 1302.5

Continued trades against CCL with a mid-price ABOVE 1340 should improve t ……..

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LSE:DGE Diageo Close Mid-Price: 2500 Percentage Change: -2.08% Day High: 2557.5 Day Low: 2501

Target met. Continued weakness against DGE taking the price below 2501 ca ……..

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LSE:IAG British Airways Close Mid-Price: 160.9 Percentage Change: -1.80% Day High: 165.55 Day Low: 161.1

If British Airways experiences continued weakness below 161.1, it will i ……..

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LSE:JET Just Eat Close Mid-Price: 972 Percentage Change: -0.82% Day High: 982 Day Low: 963

Weakness on Just Eat below 963 will invariably lead to 956p next with sec ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 286.9 Percentage Change: + 2.10% Day High: 289.5 Day Low: 278.2

In the event Ocado Plc experiences weakness below 278.2 it calculates wit ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 10.12 Percentage Change: + 1.25% Day High: 10.12 Day Low: 10

If OPG Power Ventures experiences continued weakness below 10, it will in ……..

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

#Gold #Nasdaq  Something quite distressing seems to be taking place with cancers. As a child, there was a “bogeyman” number tossed around by the media which suggested 1 in 10 people could experience cancer. Through the years, this was modified to 1 in 5, then 1 in 3 and now 1 in 2 folk will get to enjoy the gentle hands of the treatment industry. A chum was visiting today and once we agreed neither of us would probably vote in the coming election, talk turned to how friends were doing. Cutting a long story short, it quickly started to feel like 1 in 2 may be a gross understatement, identifying friends who have not had a cancer scare becoming quite difficult! Perhaps it’s a West of Scotland thing but once you get over 50, it starts to feel like an invisible timer starts.

Thankfully, as someone whose timer went off 12 years ago, I’ve become fairly flippant about chemotherapy and also become increasingly impressed with how “relatively easy” it is to get through, when compared with my six months of hell back in 2012. For this reason, I’m always fascinated by frontline life sciences companies such as Avacta and their constant battle to produce something new, effective, and priced properly. Avacta touch upon this with the statement on their website; “Avacta seeks to create long-term shareholder value alongside patient benefit.“

The only problem with Avacta has been their dreadful share price history…

 

There’s a visual impression the recent visit to the 39p level shall maybe be regarded as a “double bottom”, matching the lows of 2022. There are early signs this may be the case, the share price recently breaking though the downtrend since October last year. The current situation suggests movements in the near term above 51.3 should trigger price recovery to 57.6p. If bettered, our longer term secondary is more interesting, calculating at 68.2p and giving the potential of the share price regaining the Red uptrend since 2020. Generally, this is a pretty reliable signal for better times ahead, so hopefully the company have some miracles waiting to be revealed.

While the share price is no long a falling knife, there’s still the unlikely risk of below 39p bringing a visit to 30p with secondary, if broken, at 15p.

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:27:12PM	BRENT	8448
10:30:49PM	GOLD	2297.92	2294	2292	2282	2304	2322	2330	2342	2311	‘cess
10:40:41PM	FTSE	8221.4									Shambles
10:44:20PM	STOX50	4912.6									Success
10:47:17PM	GERMANY	18140									Success
10:50:18PM	US500	5468.2
10:53:14PM	DOW	39081
10:57:17PM	NASDAQ	19690.8	19643	19604	19535	19766	19817	19888	20031	19679	Shambles
10:59:59PM	JAPAN	39439									‘cess

 

26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%

24/06/2024 FTSE Closed at 8281 points. Change of 0.53%. Total value traded through LSE was: £ 5,274,668,036 a change of -64.96%

23/06/2024 FTSE Closed at 8237 points. Change of -0.42%. Total value traded through LSE was: £ 15,052,828,026 a change of 169.21%

20/06/2024 FTSE Closed at 8272 points. Change of 0.82%. Total value traded through LSE was: £ 5,591,583,637 a change of 26.19%

19/06/2024 FTSE Closed at 8205 points. Change of 0.17%. Total value traded through LSE was: £ 4,431,021,762 a change of -14.42%

18/06/2024 FTSE Closed at 8191 points. Change of 0.6%. Total value traded through LSE was: £ 5,177,578,584 a change of -3.32%

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:AZN Astrazeneca** **LSE:BME B & M** **LSE:CCL Carnival** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **

********

Updated charts published on : Astrazeneca, B & M, Carnival, Just Eat, Ocado Plc,

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LSE:AZN Astrazeneca. Close Mid-Price: 12556 Percentage Change: + 0.05% Day High: 12704 Day Low: 12472

Further movement against Astrazeneca ABOVE 12704 should improve accelerat ……..

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LSE:BME B & M Close Mid-Price: 452.7 Percentage Change: -0.85% Day High: 463.5 Day Low: 451.6

If B & M experiences continued weakness below 451.6, it will invariably l ……..

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LSE:CCL Carnival. Close Mid-Price: 1312.5 Percentage Change: + 4.92% Day High: 1313.5 Day Low: 1223.5

Target met. All Carnival needs are mid-price trades ABOVE 1313.5 to impro ……..

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LSE:JET Just Eat Close Mid-Price: 980 Percentage Change: -4.48% Day High: 1042 Day Low: 975

If Just Eat experiences continued weakness below 975, it will invariably ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 281 Percentage Change: -3.24% Day High: 297.9 Day Low: 281.5

Weakness on Ocado Plc below 281.5 will invariably lead to 259p with secon ……..

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