Author: T&T Staff

#FTSE #Nasdaq

When we previously reviewed Brent Crude back in June, we suggested a break below 101 would potentially provide the first trigger level capable of producing some reversals. Yes, it did and no, it didn’t. The price of the product fell below $101, slumped to $91 in the period since, and has spent the last few months essentially messing around.

We’d already expressed frustration at the seemingly lost nature of Brents movements, rising and falling in a fashion more in tune with the tide rather than any effective basis in reality.

There are now signs things have the potential of further change. Weakness now below just $93 now calculates as capable of triggering further reversals to an initial $87 with secondary, if broken, down at $77. We shall certainly be curious should $77 ever make an appearance as this encompasses quite a surprise potential.

As the visuals on the chart below highlight, hitting the 77 level would reverse the price of Brent below the level of the Big Picture trend break in January this year. From our perspective, dipping below this $81 level is quite important as it calls into question the integrity and strength of the upward surge which has proven so painful for 2022. There are few signals more worrying than when a price breaks from a Big Picture trend, then after some time in the sun, the price opts to dodge below its prior trend. To be honest, it’s a seriously bad signal and often the harbinger of some tough times ahead.

 

For now, the concern is the immediate proximity of the price of Brent to our $93 trigger level (actually $93.24 at time of writing) as the market is already making shuffling dance steps which indicate a break is imminent. Then again, all this fragile market place needs is a suggestion something is happening in Ukraine or Russia and once again, the price risks being thrown up in the air.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:40:18PM	BRENT	94.9									Success
9:41:58PM	GOLD	1711.2									‘cess
9:45:29PM	FTSE	7282	7270	7253	7231	7321	7325	7352	7384	7280	‘cess
9:48:21PM	STOX50	3510.7									‘cess
9:51:33PM	GERMANY	12828.76
9:53:31PM	US500	3958.37
9:55:33PM	DOW	31552									‘cess
9:57:27PM	NASDAQ	12292	12238	12145	12027	12382	12507	12573	12676	12382
10:13:22PM	JAPAN	27845

 

31/08/2022 FTSE Closed at 7284 points. Change of -1.05%. Total value traded through LSE was: £ 8,197,472,854 a change of 27.31%

30/08/2022 FTSE Closed at 7361 points. Change of -0.89%. Total value traded through LSE was: £ 6,438,857,207 a change of 48.05%

26/08/2022 FTSE Closed at 7427 points. Change of -0.7%. Total value traded through LSE was: £ 4,349,079,886 a change of 12.01%

25/08/2022 FTSE Closed at 7479 points. Change of 0.11%. Total value traded through LSE was: £ 3,882,636,574 a change of -18.23%

24/08/2022 FTSE Closed at 7471 points. Change of -0.23%. Total value traded through LSE was: £ 4,748,027,124 a change of -4.63%

23/08/2022 FTSE Closed at 7488 points. Change of -0.6%. Total value traded through LSE was: £ 4,978,434,617 a change of 0.1%

22/08/2022 FTSE Closed at 7533 points. Change of -100%. Total value traded through LSE was: £ 4,973,471,266 a change of 0%

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:BT.A British Telecom** **LSE:CNA Centrica** **LSE:HIK Hikma** **LSE:ITRK Intertek** **LSE:ODX Omega Diags** **LSE:QFI Quadrise** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

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Updated charts published on : Aston Martin, British Telecom, Centrica, Hikma, Intertek, Omega Diags, Quadrise, Rolls Royce, Scancell, Taylor Wimpey, Vodafone,

LSE:AML Aston Martin. Close Mid-Price: 445.7 Percentage Change: + 0.16% Day High: 452.4 Day Low: 424

Continued weakness against AML taking the price below 424 calculates as l ……..

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LSE:BT.A British Telecom Close Mid-Price: 150.7 Percentage Change: -0.76% Day High: 152.25 Day Low: 149.6

If British Telecom experiences continued weakness below 149.6, it will in ……..

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LSE:CNA Centrica Close Mid-Price: 75.74 Percentage Change: -1.07% Day High: 77.74 Day Low: 74.02

Weakness on Centrica below 74.02 will invariably lead to 60 with secondar ……..

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LSE:HIK Hikma Close Mid-Price: 1313 Percentage Change: -0.49% Day High: 1326.5 Day Low: 1302.5

In the event Hikma experiences weakness below 1302.5 it calculates with a ……..

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LSE:ITRK Intertek Close Mid-Price: 3959 Percentage Change: -1.15% Day High: 4021 Day Low: 3956

If Intertek experiences continued weakness below 3956, it will invariably ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.75 Percentage Change: -0.90% Day High: 2.8 Day Low: 2.65

Weakness on Omega Diags below 2.65 will invariably lead to 2.5 with secon ……..

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LSE:QFI Quadrise. Close Mid-Price: 1.32 Percentage Change: + 3.94% Day High: 1.26 Day Low: 1.23

Target met. In the event Quadrise experiences weakness below 1.23 it calc ……..

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LSE:RR. Rolls Royce Close Mid-Price: 77 Percentage Change: -1.53% Day High: 78.55 Day Low: 76.3

Continued weakness against RR. taking the price below 76.3 calculates as ……..

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LSE:SCLP Scancell Close Mid-Price: 11.5 Percentage Change: -1.08% Day High: 11.62 Day Low: 11.25

If Scancell experiences continued weakness below 11.25, it will invariabl ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 108.3 Percentage Change: -1.72% Day High: 111.3 Day Low: 107.6

Weakness on Taylor Wimpey below 107.6 will invariably lead to 106 with se ……..

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LSE:VOD Vodafone Close Mid-Price: 115.68 Percentage Change: -0.03% Day High: 116.8 Day Low: 114.84

If Vodafone experiences continued weakness below 114.84, it will invariab ……..

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

#Gold #Stoxx50

It’s sometimes the case we dislike a company, simply due to their name. The current incarnation of British Airways, ‘International Consolidated Airlines Group’ is one such iteration, a complete nuisance to type repeatedly in an article. Most folk opt to use their share code, IAG, to refer to the company. GlaxoSmithKline was another such but in this instance, I think we’d all thought of them as GSK for years.

When they finally bowed to the inevitable and renamed themselves GSK in June this year, the cost of cleaning the longer lettering from their original name must have proven extraordinary as there was no way their shorter, sharper, new logo would ever cover up the original letters.

However, the company did something else which, from our numbers focus, was unforgivable. On the 18th July, following their demerger of Haleon and the introduction of Haleon Group to the marketplace, GSK enacted a mildly complex share consolidation. By the 19th, with share price values known, the actual level of the consolidation known, it was a case of 4 “new” shares for every 5 existing shares. This should have created a relatively minor bump in the share price but the markets appear to be experiencing some difficulty getting their head around it and things are a little messy.

The immediate situation feels quite toxic (probably a bad word to use around a drug company) as weakness below just 1370p risks promoting reversal down to 1221p next. At this level, we’ve two distinctly separate arguments favouring a bounce and a third argument, that inner hysterical voice, pleading for the initial arguments to be correct, because our secondary calculation works out at a ridiculous looking 770p.

To get out of trouble, thankfully GSK only require exceed 1564 to give some hope as such a level calculates as possibly triggering recovery to 1700p. If exceeded, our longer term secondary works out at 1960p, again visually sensible.

For now, we fear GSK intends a visit to the 1220p level.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:54:12PM	BRENT	98.12
10:01:57PM	GOLD	1724	1720	1717	1701	1730	1749	1754	1758	1742
10:06:31PM	FTSE	7339.28					No	clear	ideas		Success
10:10:24PM	STOX50	3554.8	3538	3530	3497	3560	3571	3577	3590	3551	Success
10:13:09PM	GERMANY	12928									Success
10:38:19PM	US500	3985
10:44:38PM	DOW	31771									Shambles
10:46:26PM	NASDAQ	12352
10:48:26PM	JAPAN	27917

30/08/2022 FTSE Closed at 7361 points. Change of -0.89%. Total value traded through LSE was: £ 6,438,857,207 a change of 48.05%

26/08/2022 FTSE Closed at 7427 points. Change of -0.7%. Total value traded through LSE was: £ 4,349,079,886 a change of 12.01%

25/08/2022 FTSE Closed at 7479 points. Change of 0.11%. Total value traded through LSE was: £ 3,882,636,574 a change of -18.23%

24/08/2022 FTSE Closed at 7471 points. Change of -0.23%. Total value traded through LSE was: £ 4,748,027,124 a change of -4.63%

23/08/2022 FTSE Closed at 7488 points. Change of -0.6%. Total value traded through LSE was: £ 4,978,434,617 a change of 0.1%

22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%

19/08/2022 FTSE Closed at 7550 points. Change of -100%. Total value traded through LSE was: £ 5,961,629,196 a change of 0%

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:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IGAS Igas Energy** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SDY Speedyhire** **

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Updated charts published on : Asos, BP PLC, British Telecom, Centrica, Capita, Gulf Keystone, Hikma, Igas Energy, Intertek, Marks and Spencer, Rolls Royce, Speedyhire,

LSE:ASC Asos. Close Mid-Price: 717.5 Percentage Change: + 2.94% Day High: 736.5 Day Low: 689.5

If Asos experiences continued weakness below 689.5, it will invariably le ……..

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LSE:BP. BP PLC Close Mid-Price: 449.25 Percentage Change: -1.87% Day High: 469.6 Day Low: 447

Target met. Continued trades against BP. with a mid-price ABOVE 469.6 sho ……..

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LSE:BT.A British Telecom. Close Mid-Price: 151.85 Percentage Change: + 0.26% Day High: 153.7 Day Low: 150.8

Weakness on British Telecom below 150.8 will invariably lead to 144 with ……..

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LSE:CNA Centrica Close Mid-Price: 76.56 Percentage Change: -6.59% Day High: 82.06 Day Low: 75.98

Continued weakness against CNA taking the price below 75.98 calculates as ……..

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LSE:CPI Capita. Close Mid-Price: 25.08 Percentage Change: + 0.32% Day High: 25.76 Day Low: 24.18

Weakness on Capita below 24.18 will invariably lead to 20.5 with secondar ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 239.5 Percentage Change: -8.06% Day High: 269 Day Low: 238

Target met. All Gulf Keystone needs are mid-price trades ABOVE 269 to imp ……..

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LSE:HIK Hikma Close Mid-Price: 1319.5 Percentage Change: -1.24% Day High: 1351.5 Day Low: 1318.5

Target met. Weakness on Hikma below 1318.5 will invariably lead to 1241 w ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 90.8 Percentage Change: + 2.02% Day High: 101 Day Low: 85

Target met. Further movement against Igas Energy ABOVE 101 should improve ……..

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LSE:ITRK Intertek Close Mid-Price: 4005 Percentage Change: -0.40% Day High: 4073 Day Low: 3976

Weakness on Intertek below 3976 will invariably lead to 3901 with seconda ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 122.05 Percentage Change: + 1.45% Day High: 124.65 Day Low: 118.8

In the event Marks and Spencer experiences weakness below 118.8 it calcul ……..

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LSE:RR. Rolls Royce Close Mid-Price: 78.2 Percentage Change: -0.36% Day High: 80.1 Day Low: 77.4

If Rolls Royce experiences continued weakness below 77.4, it will invaria ……..

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LSE:SDY Speedyhire Close Mid-Price: 41 Percentage Change: -2.50% Day High: 42.2 Day Low: 40.5

Weakness on Speedyhire below 40.5 will invariably lead to 38.8p with seco ……..

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

#Brent #Dax

Okay, this feature is a bit weird, essentially questioning just why we sometimes do something. A personal delve into the depths of ridiculous came with an unfortunately successful attempt to build a rock tumbler from the remnants of a microwave. For some reason, the idea of rotating a bunch of rocks until they were smooth and interesting seemed like a good thing.

It wasn’t.

The problem comes when you’ve tumbled a bunch of rocks, discovering in the process your grandchildren have zero interest in collecting the results. Instead, they are liable to be more interested in a feather  on the beach. What to do with all the rocks? A simple question in an official “Rock Tumbling” internet forum produced some answers. Among the folk gleefully grinding down rocks, none actually knew what to do with the end product. One person cunningly planted them around the hospital in which he worked, noticing they all vanished within days. Another would leave some while walking his dog, again noticing they quickly vanished. A further person, in a fit of cruelty, gifted them to work colleagues as apparently they make great additions to plant pots. One hoarder even admitted to behaving like a WW2 prison camp inmate trying to conceal tunnel diggings, discretely dropping polished stones among driveway pebbles.

I could discuss the image below but there’s little point. It’s a snapshot of a pile of my tumbled stones, glued together. One of the quartz pieces does have a gold flake embedded!

There is a point behind this tale. Often, folk dive into the markets without a clear idea of what they actually want.

The easy answer is trite, they just want to make money! But the actual answer is more complex, one which few folk satisfactorily reach. Do they want to make money from a single trade? Or do they intend a regular source of income?

This, unfortunately, is the rabbit hole the majority of private investors fall down, as answering YES to both questions kicks open the gates of hell. A single trade will switch to become “a long term hold” when it bites back. And long term holds will sometimes become a quick source of profit, due to panic from money tied up in so called quick trades. Similar to my rock monster above, it’s always a good idea to have a clear aim when doing something or the results can be messy. It’s also the case “a clear aim” can go very wrong, thanks to many folk believing the markets would recover from the 2009 financial crash within just 7 years. Many of ’em are still waiting.

 

Natwest Group continues to provide a perfect example of a share failing to recover from “the crash”, now trading at 250.9p (25p in real money, once consolidation is factored in). We’re supposed to be ecstatically gushing about the future, the share price finally scrabbling above the downtrend since 2015. However, we’re a little muted in our hoped, due to the share price failing to achieve our initial fairly near term “breakout target” at 268p. Instead, the best achieved was just 264p before the price scared itself with its temerity and fell back a little.

The problem now comes, if the share price opts to close a session below 247p, the level of breakout. Such a movement would now effectively cancel some fairly positive ambitions for the longer term as we can mention – for now – the share is trading in a region with a Big Picture ambition at an initial 336p with secondary, if beaten, a longer term 420p. It’s all very jolly but we’re worried, due to the lack of strength to even reach our 268p ambition. It’s not a case which merits immediate panic, just a horrible feeling of déjà vu as once again, a retail bank lives down to expectations.

Another fear, worthy of comment, deals with the reality of the price being “gapped” up above the Blue downtrend. We need ask, what to expect if it’s now gapped down below 247p?

Initially, reversal to 232p looks possible with secondary, if broken, at 222p. But there’s also the very severe risk of the two Gap movements conspiring together, eventually discovering a bottom around 196p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:54:13PM	BRENT	102.93	97.14	96.51	94.18	102.3	103.5	104.38	108.8	97
9:57:32PM	GOLD	1738.03								1733
9:59:52PM	FTSE	7400.31								7372
10:08:15PM	STOX50	3580								3560
10:15:56PM	GERMANY	12921	12703	12658	12562	12814	12948	12994	13091	12867
10:17:41PM	US500	4034								4033
10:20:02PM	DOW	32142								32084
10:22:18PM	NASDAQ	12492								12438
10:24:22PM	JAPAN	28038								27987

26/08/2022 FTSE Closed at 7427 points. Change of -0.7%. Total value traded through LSE was: £ 4,349,079,886 a change of 12.01%

25/08/2022 FTSE Closed at 7479 points. Change of 0.11%. Total value traded through LSE was: £ 3,882,636,574 a change of -18.23%

24/08/2022 FTSE Closed at 7471 points. Change of -0.23%. Total value traded through LSE was: £ 4,748,027,124 a change of -4.63%

23/08/2022 FTSE Closed at 7488 points. Change of -0.6%. Total value traded through LSE was: £ 4,978,434,617 a change of 0.1%

22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%

19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%

18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%

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:AVCT Avacta** **LSE:BT.A British Telecom** **LSE:ECO ECO (Atlantic) O & G** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:IGAS Igas Energy** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **

********

Updated charts published on : Aston Martin, Asos, Avacta, British Telecom, ECO (Atlantic) O & G, Glencore Xstra, Hikma, Igas Energy, Intertek, Marks and Spencer,

LSE:AML Aston Martin Close Mid-Price: 428.6 Percentage Change: -1.27% Day High: 461.8 Day Low: 429.1

Weakness on Aston Martin below 429.1 will invariably lead to 407 next. If ……..

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LSE:ASC Asos Close Mid-Price: 697 Percentage Change: -3.53% Day High: 741.5 Day Low: 693.5

In the event Asos experiences weakness below 693.5 it calculates with a d ……..

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LSE:AVCT Avacta. Close Mid-Price: 137.2 Percentage Change: + 0.00% Day High: 141 Day Low: 134.5

Target met. In the event of Avacta enjoying further trades beyond 141, th ……..

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LSE:BT.A British Telecom Close Mid-Price: 151.45 Percentage Change: -0.82% Day High: 153.55 Day Low: 151.25

Target met. Continued weakness against BT.A taking the price below 151.25 ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 35.25 Percentage Change: + 10.16% Day High: 35.25 Day Low: 32

Target met. Further movement against ECO (Atlantic) O & G ABOVE 35.25 sho ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 498.9 Percentage Change: -1.21% Day High: 512 Day Low: 498.4

Continued trades against GLEN with a mid-price ABOVE 512 should improve t ……..

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LSE:HIK Hikma Close Mid-Price: 1336 Percentage Change: -1.33% Day High: 1381 Day Low: 1335

If Hikma experiences continued weakness below 1335, it will invariably le ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 89 Percentage Change: + 7.23% Day High: 92 Day Low: 84.8

Target met. All Igas Energy needs are mid-price trades ABOVE 92 to improv ……..

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LSE:ITRK Intertek Close Mid-Price: 4021 Percentage Change: -2.36% Day High: 4129 Day Low: 4016

In the event Intertek experiences weakness below 4016 it calculates with ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 120.3 Percentage Change: -1.07% Day High: 124.65 Day Low: 119.2

Weakness on Marks and Spencer below 119.2 will invariably lead to 98 with ……..

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

#FTSE #GOLD

Once upon a time, a physics teacher was, almost disturbingly, fascinated in wave patterns. Literally, the guy was incapable of passing a puddle without dropping something in it, just to watch the patterns. The fall out from the 2011 Tsunami is still providing ripples around the word, the chart below being the latest example.

The issue, obviously, is what is referred to as the Fukushima nuclear disaster, currently attributed as being the cause of one radiation related death and with the possibility of several hundred more perhaps in the future. However, the media frenzy, along with plenty of nail biting commentary about the Japanese cooling systems proved sufficient to introduce an anti-nuclear terror with Germany opting to jump on the bandwagon fully, opting to close all their nuclear power plants. The Ukraine affair, along with a nice hot summer, is giving Germany some immediate problems, as Germany has been forced to return to coal-fired power plants, anticipated to kill 1,100 per year due to local air pollution. With the world looking down its nose when Germany opts to buy gas from Russia, the country is being backed into a corner. Unable to ship coal to power stations, due to low river levels, reportedly decommissioning more Wind Generators than it builds, and forced to buy electricity from anyone who will supply, the country is apparently facing a bleak winter. Along with the rest of Europe as it discovers just how Russia formed part of the supply chain.

Even in the years immediately following Fukushima, it was being said in Germany “We estimate the increase in mortality from higher electricity prices outnumbers the mortality from the accident itself” in a quote from a paper by the Deutsche Post Foundation. Somewhere, I’ve an old physics teacher, nodding his head, still talking about ripples.

 

When first noticing this chart, it was easy to assume some internet chatroom had run amok, successfully launching a “Pump & Dump” against an AIM share. Or perhaps Rolls Royce, when they get their nuclear reactors in shop windows!

However, it’s a chart of the price in Euro’s for a Megawatt hour of electricity, a truly unpleasant picture and about the only two slight sources of hope are those of common sense, along with a story about our local Heating Oil supplier.

To deal with the common sense stance, the immediate impression of a Pump & Dump lends some slight hope as generally, something which goes up this sharply will usually founder just as swiftly. Then there’s the story of our Heating Oil supplier.

The conversation went along the lines of;

“Please would you order oil? We’re really missing you and we’ve a tanker in your area this week”

“Go and get stuffed. It’s too expensive, so we’re burning wood this winter.”

“But we can offer Buy Now, Pay Monthly deals!”

“Go and get stuffed.”

“We can offer substantial discounts over existing market prices…”

“Yeah, right. You quoted 159p per litre last month, down to 109p this month. You need do a lot better.”

“How about 82p a litre if you order now. We’ve full storage tanks, tankers sitting unused, and drivers worrying about their jobs.”

Frantically checking current prices on the Internet discovered 99p a litre was as cheap as possible. It appeared the laws of Supply and Demand were kicking in, certainly in my own local part of the economic powerhouse which is the UK.

“Okay, you’ve got a deal,” thankful my huge pile of logs can remain unchopped for yet another weekend, grateful I shall be able to avoid battling the stove to get it lit first thing every morning, and frantically hoping Heating Oil prices don’t entirely crash, making me look a fool with a full tank. But as with motor fuel and foodstuffs, suppliers must be suspecting the dangers of pricing themselves out of the market, once their short term surplus cash advantage dimishes, and while electricity (which surely should be the subject of monopoly protection) is an essential, it’s easy to calculate the usage reduction if people opt to actually turn devices off, rather than leaving them on standby.

FTSE for FRIDAY

Now we’ve vented about fuel costs, we’re almost at the month end and due to be graced by the Belgian Grand Prix, usually a cascade of orange smoke, drunken fans and sometimes biblical rainfall. After an insane week for the FTSE, we’re intending embrace the holiday weekend and try to consign the markets absurd behaviour to August giving traders a final kicking.

Should we take the behaviour of the last 4 days to heart, it immediately appears market weakness below 7468 points should promote reversal to an initial tame 7448 points with our secondary, if broken, at 7417 points and a probable rebound. If triggered, the tightest stop looks like 7500 points though, to be fair, we’d prefer 7522 points. Expecting the UK market to follow the same logic for a 5th day is similar to anticipating a politician discovering integrity.

In the event the market exceeds 7522 points, we can calculate the potential of a lift to 7536 points initially with our secondary working out at 7576 points, almost allowing everyone to believe the last week was simply a bad dream.

Have a good weekend, enjoy the GP, and just think, no more holiday Mondays until the festive season.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:37:19PM	BRENT	98.98	93	89.85		97	101.88	104.3		98.4
9:39:26PM	GOLD	1757.93	1750	1745		1758	1765	1768		1756	‘cess
9:42:16PM	FTSE	7500.81	7465	7460		7497	7539	7547		7489	‘cess
10:16:42PM	STOX50	3696.1	3657	3640		3687	3703	3710		3675	‘cess
10:18:57PM	GERMANY	13330	13186	13127		13302	13375	13413		13222	‘cess
10:24:09PM	US500	4197.52	4145	4127		4185	4205	4222		4152	‘cess
10:26:32PM	DOW	33267	32887	32735		33145	33314	33410		33046	Success
10:29:41PM	NASDAQ	13137	12912	12844		13043	13150	13202		12987	Success
10:32:20PM	JAPAN	28665	28440	28340		28563	28691	28748		28527	‘cess

25/08/2022 FTSE Closed at 7479 points. Change of 0.11%. Total value traded through LSE was: £ 3,882,636,574 a change of -18.23%

24/08/2022 FTSE Closed at 7471 points. Change of -0.23%. Total value traded through LSE was: £ 4,748,027,124 a change of -4.63%

23/08/2022 FTSE Closed at 7488 points. Change of -0.6%. Total value traded through LSE was: £ 4,978,434,617 a change of 0.1%

22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%

19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%

18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%

17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%

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:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:MKS Marks and Spencer** **LSE:SCLP Scancell** **

********

Updated charts published on : Asos, Avacta, Astrazeneca, Barrett Devs, BP PLC, Gulf Keystone, Glencore Xstra, Marks and Spencer, Scancell,

LSE:ASC Asos Close Mid-Price: 722.5 Percentage Change: -0.55% Day High: 741.5 Day Low: 711.5

Continued weakness against ASC taking the price below 711.5 calculates as ……..

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LSE:AVCT Avacta. Close Mid-Price: 137.2 Percentage Change: + 8.20% Day High: 136 Day Low: 124

Target met. Further movement against Avacta ABOVE 136 should improve acce ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11422 Percentage Change: + 0.63% Day High: 11540 Day Low: 11370

In the event of Astrazeneca enjoying further trades beyond 11540, the sha ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 430.1 Percentage Change: -1.29% Day High: 441.1 Day Low: 425.2

Weakness on Barrett Devs below 425.2 will invariably lead to 418 with sec ……..

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LSE:BP. BP PLC. Close Mid-Price: 459.45 Percentage Change: + 1.44% Day High: 463.75 Day Low: 458.65

All BP PLC needs are mid-price trades ABOVE 463.75 to improve acceleratio ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 257.5 Percentage Change: + 2.79% Day High: 263 Day Low: 250.5

Continued trades against GKP with a mid-price ABOVE 263 should improve th ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 505 Percentage Change: + 1.47% Day High: 508.6 Day Low: 502.3

Further movement against Glencore Xstra ABOVE 508.6 should improve accele ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 121.6 Percentage Change: -4.44% Day High: 129.35 Day Low: 121.35

Continued weakness against MKS taking the price below 121.35 calculates a ……..

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LSE:SCLP Scancell Close Mid-Price: 11.5 Percentage Change: -2.13% Day High: 11.75 Day Low: 11.5

In the event Scancell experiences weakness below 11.5 it calculates with ……..

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

#DAX #SP500

Our previous review of Fevertree expressed a particular dislike, their use of glass bottles denying us the ability to use their mixers as targets. It’s a grand-children thing, but we also mentioned, in passing, any weakness below 2450p would be a bad thing, demanding we revisit all our target levels. Our report, in November, took just a further two months before Fevertree stepped on a metaphorical garden rake.

 

Presently trading around 951p, there have been two price movements which justify quite a lot of concern, along with a strong potential of making us exceedingly unpopular with those trying to convince themselves Fevertree will bounce, any day now. Firstly, the share price was manipulated (gapped) below the ruling downtrend in January this year. We can only suspect the purpose of this move was the market changing its mind on the future. Needless to say, this was the day our 2450p trigger was broken.

Secondly, of greater concern, is the movement on July 15th (circled), where once again the market made a firm decision the ruling uptrend was toast, the chart inset confirming this quite nastily as the share has not been permitted to regain Red. From our perspective, this is a bad thing, allowing us to examine quite a few troubling calculations as we attempt to divine just where the market intends go with Fevertree.

An important caveat, worth remembering, is our policy of avoiding giving stupid headline grabbing numbers against shares, either for price gains or price reductions. Unfortunately, Fevertree share price movements tend lend themselves to utterly hysterical potentials, thanks in part for the price breaking below the 2020 Pandemic Low. This is always a miserable thing. The immediate situation is dire, suggesting weakness next below 800p shall kick open the chance of a visit to 425p and perhaps a bounce.

We’ve a massive “however”, thanks to our secondary target, should 425p fail. A series of quite separate calculations produce the potential of an ultimate bottom at 77p eventually. If it were just one calculation, we’d be extremely cautious but in the case of Fevertree, currently 4 different scenario all point at an eventual visit to a ridiculous looking 77p.

It can sometimes be the case when the market doesn’t appreciate how dangerous some price movements have been and for Fevertree, all that’s needed is one of the market pixies to discover an excuse to manipulate (gap) the share price above 1117p and it’s game on, the share expected to exhibit surprise recovery.

 

Unfortunately, for now, the share price is as dangerous as whatever the UK PM is doing in Ukraine, every few weeks. Apparently he’s now visited the country more than Scotland which is just a bit weird.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:32:40PM	BRENT	101.08									‘cess
9:34:36PM	GOLD	1752
9:36:50PM	FTSE	7473.72									‘cess
9:38:33PM	STOX50	3664
9:41:47PM	GERMANY	13205	13080	13045	12735	13220	13299	13332	13416	13162
9:44:23PM	US500	4146	4116	4099	4074	4141	4159	4179	4204	4128
9:47:29PM	DOW	32978
9:49:29PM	NASDAQ	12934
9:51:12PM	JAPAN	28457

24/08/2022 FTSE Closed at 7471 points. Change of -0.23%. Total value traded through LSE was: £ 4,748,027,124 a change of -4.63%

23/08/2022 FTSE Closed at 7488 points. Change of -0.6%. Total value traded through LSE was: £ 4,978,434,617 a change of 0.1%

22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%

19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%

18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%

17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%

16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%

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:AVCT Avacta** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CPI Capita** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:MKS Marks and Spencer** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

********

Updated charts published on : Asos, Avacta, Barrett Devs, British Telecom, Capita, Gulf Keystone, Glencore Xstra, Hikma, British Airways, Marks and Spencer, Rockhopper, Rolls Royce, Scancell, Scottish Mortgage Investment Trust, Taylor Wimpey, Vodafone,

LSE:ASC Asos Close Mid-Price: 726.5 Percentage Change: -1.42% Day High: 749.5 Day Low: 720.5

Weakness on Asos below 720.5 will invariably lead to 670 next with second ……..

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LSE:AVCT Avacta. Close Mid-Price: 126.8 Percentage Change: + 9.31% Day High: 126 Day Low: 116

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

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LSE:BDEV Barrett Devs Close Mid-Price: 435.7 Percentage Change: -1.74% Day High: 444.8 Day Low: 433.5

Target met. If Barrett Devs experiences continued weakness below 433.5, i ……..

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LSE:BT.A British Telecom Close Mid-Price: 153.7 Percentage Change: -2.16% Day High: 157.05 Day Low: 153.25

In the event British Telecom experiences weakness below 153.25 it calcula ……..

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LSE:CPI Capita Close Mid-Price: 24.44 Percentage Change: -3.48% Day High: 25.5 Day Low: 24.5

If Capita experiences continued weakness below 24.5, it will invariably l ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 250.5 Percentage Change: -0.60% Day High: 259 Day Low: 246.5

Target met. In the event of Gulf Keystone enjoying further trades beyond ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 497.7 Percentage Change: -1.64% Day High: 507.6 Day Low: 496.25

In the event of Glencore Xstra enjoying further trades beyond 507.6, the ……..

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LSE:HIK Hikma. Close Mid-Price: 1370.5 Percentage Change: + 0.40% Day High: 1372.5 Day Low: 1343

Continued weakness against HIK taking the price below 1343 calculates as ……..

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LSE:IAG British Airways. Close Mid-Price: 108.42 Percentage Change: + 1.40% Day High: 108.04 Day Low: 105.54

In the event British Airways experiences weakness below 105.54 it calcul ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 127.25 Percentage Change: -1.36% Day High: 129.7 Day Low: 125

If Marks and Spencer experiences continued weakness below 125, it will in ……..

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LSE:RKH Rockhopper. Close Mid-Price: 15 Percentage Change: + 78.15% Day High: 20 Day Low: 8.78

It’s interesting we’d shown 20p as a “top” outlier target in the previous ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 80.31 Percentage Change: + 0.22% Day High: 80.31 Day Low: 78.73

Weakness on Rolls Royce below 78.73 will invariably lead to 68 with secon ……..

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LSE:SCLP Scancell Close Mid-Price: 11.75 Percentage Change: -1.05% Day High: 11.88 Day Low: 11.75

Continued weakness against SCLP taking the price below 11.75 calculates a ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 827.6 Percentage Change: + 2.25% Day High: 825.8 Day Low: 795.6

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

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LSE:TW. Taylor Wimpey Close Mid-Price: 110.95 Percentage Change: -1.90% Day High: 113.3 Day Low: 109.35

If Taylor Wimpey experiences continued weakness below 109.35, it will inv ……..

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LSE:VOD Vodafone Close Mid-Price: 116.28 Percentage Change: -0.94% Day High: 117.34 Day Low: 115.68

Weakness on Vodafone below 115.68 will invariably lead to 110 with second ……..

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

#FTSE #US500

Shopping channels are often the subject of deserved ridicule. But last night, when pressing “Back”  vigorously, my telly rejoined the world of ‘terrestrial TV’, ITV being the home of a shopping channel at 3am. My personal downfall was easy, one which even a cat would have fallen into. They were selling a box.

The box, doubled lined with fake crocodile skin, proved quite interesting. Designed entirely for women, they’d missed a trick as it could just as easily hold “stuff” rather than rings, bangles, necklaces, ear-rings or whatever glitters. For just £100, I could buy three of these boxes or just one for £30, an arithmetic hurdle the presenter ignored. But the large box looked useful, different trays capable of holding different fuses, varied resistors, a decent selection of capacitors, and don’t ever start me on where various nuts and bolts could be stored. It was the perfect box for electronic stuff in the shed. With late night inspiration, I took a photo of the screen, intending to show it to my wife as a “Xmas Present” hint, already excited at the idea of a new storage box and glad I will be able to duck a few months of subtle bullying for not giving clues as to a Xmas gift.

She snorted when she saw the snapshot. Apparently we’ve already got a couple in the attic, stuffed full of her mothers ancient costume jewellery. If I wanted one, just tip the contents into a supermarket “bag for life” and she’ll sort through the treasure trove of worthless shiny trinkets next time our grandchildren visit.

Obviously, this is absolutely nothing to do with the markets, other than to exhibit the feeling of deflation, when a sure thing turns out to be a noth thing! But in the case of IOG Plc, something quite odd happened with their share price a few weeks ago and it’s circled on the chart below.

 

We used to get deliriously excited about Gap Down / Gap Up movements, the so called Lady GaGa, as they invariably spelled out good times ahead. The act of manipulating a share price below a trend, then a few days later, manipulating it above the trend usually came pretty close to “sure thing” territory. This one is different, the share only enacting a “Ga” but still, has bounced pretty conclusively once it returned above the Blue downtrend. Things remain optimistic for IOG, the share price only needing exceed 40.5p to now trigger further recovery to an initial 44.3p with our secondary, if bettered, calculating at a future 53.6p and a new all time high.

Alas, our calculations are all based on what happens after GaGa as we’ve never run the numbers when a strangled “Ga” was the only clue to the future. Should we expect only 1/2 the movement strength?

Obviously, we shall be watching this fairly closely as it’s perhaps possible we need to work out a new set of rules!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:16:04PM	BRENT	99.39									‘cess
9:20:16PM	GOLD	1747									Success
9:23:25PM	FTSE	7491	7464	7447	7404	7495	7531	7548	7576	7487	‘cess
9:26:37PM	STOX50	3649									‘cess
9:33:16PM	GERMANY	13153									‘cess
9:34:48PM	US500	4126.97	4115	4102	4083	4141	4158	4172	4191	4127
9:39:56PM	NASDAQ	32898									‘cess
9:42:42PM	JAPAN	28462									Shambles

23/08/2022 FTSE Closed at 7488 points. Change of -0.6%. Total value traded through LSE was: £ 4,978,434,617 a change of 0.1%

22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%

19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%

18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%

17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%

16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%

15/08/2022 FTSE Closed at 7509 points. Change of 0.12%. Total value traded through LSE was: £ 3,827,179,402 a change of -9.76%

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:BP. BP PLC** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:ODX Omega Diags** **LSE:QFI Quadrise** **LSE:SCLP Scancell** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:VOD Vodafone** **

********

Updated charts published on : Asos, BP PLC, Firstgroup, Gulf Keystone, Glencore Xstra, Hikma, Omega Diags, Quadrise, Scancell, Vodafone,

LSE:ASC Asos Close Mid-Price: 737 Percentage Change: -2.06% Day High: 762.5 Day Low: 731.5

If Asos experiences continued weakness below 731.5, it will invariably le ……..

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LSE:BP. BP PLC. Close Mid-Price: 459.4 Percentage Change: + 2.32% Day High: 459.85 Day Low: 445.95

In the event of BP PLC enjoying further trades beyond 459.85, the share s ……..

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LSE:FGP Firstgroup. Close Mid-Price: 109.9 Percentage Change: + 0.83% Day High: 110.9 Day Low: 105.3

Continued weakness against FGP taking the price below 105.3 calculates as ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 252 Percentage Change: + 6.11% Day High: 254 Day Low: 238

Further movement against Gulf Keystone ABOVE 254 should improve accelerat ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 506 Percentage Change: + 2.80% Day High: 504.7 Day Low: 491.45

All Glencore Xstra needs are mid-price trades ABOVE 504.7 to improve acce ……..

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LSE:HIK Hikma Close Mid-Price: 1365 Percentage Change: -2.12% Day High: 1401.5 Day Low: 1355.5

In the event Hikma experiences weakness below 1355.5 it calculates with a ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.83 Percentage Change: -0.88% Day High: 2.85 Day Low: 2.7

If Omega Diags experiences continued weakness below 2.7, it will invariab ……..

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LSE:QFI Quadrise Close Mid-Price: 1.27 Percentage Change: -2.67% Day High: 1.31 Day Low: 1.25

If Quadrise experiences continued weakness below 1.25, it will invariably ……..

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LSE:SCLP Scancell Close Mid-Price: 11.88 Percentage Change: -3.06% Day High: 12.12 Day Low: 11.88

Weakness on Scancell below 11.88 will invariably lead to 9.5p. If broken, ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 809.4 Percentage Change: -1.63% Day High: 831.2 Day Low: 810.4

Continued weakness against SMT taking the price below 810.4 calculates as ……..

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LSE:VOD Vodafone Close Mid-Price: 117.38 Percentage Change: -2.09% Day High: 119.32 Day Low: 117.22

In the event Vodafone experiences weakness below 117.22 it calculates wit ……..

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

#Gold #DOW

When an email asked us to take a look at this organisation, we were surprised we’d never reviewed them before. This, obviously, demanded our usual visit to the company website, along with a surprise doze of common sense. The implicit suggestion, to avoid placing all your eggs in a specialist miner, makes a lot of sense. To quote them;

“The mining sector is benefiting from the world’s most compelling long-term trends from digital transformation, to the sustainability agenda, to gold and precious metals. Targeting income and capital growth, the Trust provides a diversified blend of companies designed to benefit from the changing global economy.”

and further down the page;

“Mining shares typically experience above average volatility when compared to other investments. Trends which occur within the general equity market may not be mirrored within mining securities”

It’d be true to admit we were delighted at the lack of “corporate buzzword driven gibberish” from the company website. Instead, the tone was basically; this is us, this is what we do, and there’s an inevitable caveat. The world markets and the value of investments can fall as well as rise. There are no guarantees!

 

Currently, their share price appears slightly becalmed in the torpor of August, presently trading around 597p and carefully avoiding exceeding the point of trend-break from June, where the share price trashed the Red uptrend and dropped a bit. It’s mildly interesting, the share price level when Red broke was 631p and in the months since, this level has been approached but not exceeded. From our perspective, this tends suggest the risk of reversal remains real and we shall be naive to assume a potential visit to an initial 462p with secondary, if broken, at 445p, should be ignored. Below 524p shall suggest this is inevitable but, getting real, we’d be quite nervous currently unless the price exceeds 631p. Such a movement would foul with our reversal calculations, especially as the share price is presently trading in a region where our “ultimate” drop potential of 261p works out as possible but visually, not very probable. We’ve noticed few shares are “testing” their Covid-19 drop levels and instead, the ones to spark fear are those where we start calculating lower!

 

For things to become interesting, BRWM needs confirm its intent by actually closing a session above 631p. Such a movement would force us to concede movement above 631p provides the potential of price recovery to an initial 673p with secondary, if exceeded, a more useful 717p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:00:31PM	BRENT	96.21									‘cess
10:08:06PM	GOLD	1736.53	1727	1721	1700	1738	1740	1744	1749	1733	‘cess
10:11:19PM	FTSE	7526.48									Shambles
10:14:05PM	STOX50	3654									Success
10:17:39PM	GERMANY	13216									Success
10:27:54PM	US500	4145.77									Success
10:31:09PM	DOW	33120	33007	32779	32743	33214	33450	33478	33635	33253	Success
10:34:07PM	NASDAQ	12919									Success
10:37:03PM	JAPAN	28484									Success

22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%

19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%

18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%

17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%

16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%

15/08/2022 FTSE Closed at 7509 points. Change of 0.12%. Total value traded through LSE was: £ 3,827,179,402 a change of -9.76%

12/08/2022 FTSE Closed at 7500 points. Change of 0.47%. Total value traded through LSE was: £ 4,240,976,226 a change of -17.45%

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:AZN Astrazeneca** **LSE:BP. BP PLC** **LSE:CPI Capita** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:ODX Omega Diags** **LSE:SMT Scottish Mortgage Investment Trust** **

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Updated charts published on : Asos, Astrazeneca, BP PLC, Capita, Hikma, British Airways, ITM Power, National Glib, Omega Diags, Scottish Mortgage Investment Trust,

LSE:ASC Asos Close Mid-Price: 752.5 Percentage Change: -1.63% Day High: 807.5 Day Low: 751

Yup, still unhappy with weakness next below 751 pointing at 670 next with ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11440 Percentage Change: + 1.69% Day High: 11518 Day Low: 11242

All Astrazeneca needs are mid-price trades ABOVE 11518 to continue acceler ……..

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LSE:BP. BP PLC. Close Mid-Price: 449 Percentage Change: + 0.27% Day High: 452.45 Day Low: 440

Target Met or near enuff. BP PLC needs are mid-price trades ABOVE 454 to c ……..

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LSE:CPI Capita Close Mid-Price: 25.24 Percentage Change: -0.55% Day High: 25.5 Day Low: 25

Getting dodgy, below 25 now suggests weakness to an initial 20.5 with seco ……..

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LSE:HIK Hikma Close Mid-Price: 1394.5 Percentage Change: -3.06% Day High: 1439 Day Low: 1389.5

Target Met. That was a bit nasty. Weakness continuing below 1389 now looks ……..

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LSE:IAG British Airways Close Mid-Price: 107.46 Percentage Change: -4.53% Day High: 112.06 Day Low: 107.34

Now especially troubling, below 107 points at a descent to an initial 99 w ……..

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LSE:ITM ITM Power Close Mid-Price: 198.7 Percentage Change: -2.84% Day High: 208.3 Day Low: 193.35

Weakness on ITM Power below 193 will invariably now lead to 182 with secon ……..

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LSE:NG. National Glib. Close Mid-Price: 1185 Percentage Change: + 1.41% Day High: 1185 Day Low: 1166.5

Continued trades against NG. with a mid-price ABOVE 1185 should improve th ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.85 Percentage Change: -4.20% Day High: 2.98 Day Low: 2.85

Continued weakness against ODX taking the price below 2.85 calculates as l ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 822.8 Percentage Change: -4.57% Day High: 858.8 Day Low: 825

If Scottish Mortgage Investment Trust experiences continued weakness belo ……..

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