Author: T&T Staff

#Brent #Nasdaq  Lloyds has quite a lot in common with the Northern Lights – aka the Aurora Borealis – which caused hours of fun through Friday night, making the following evenings Eurovision Song Contest a dismal runner up. Of course, here in our bit of Argyll, we didn’t really get to see the lights in all their glory. The problem is the mountain in the back garden, a lump which neatly conceals anything happening in the north. But we did get to see what were perhaps the Northern Lights as the night-time mist was illuminated from above.

As a result, we’ve a few unspectacular photographs of ‘very little’ and a photograph which needs explained is like a brilliant joke the audience doesn’t understand. The snapshot below is about the best captured, despite over 100 attempts. The following evening apparently promised even better opportunities to waste time stumbling around the garden at night but the annual festival of Graham Norton getting everything wrong was almost impossible to avoid. His confident predictions of “The Public Vote” being able to propel Ireland into a winning position, along with a firmly held belief the dire UK tune would experience a miracle resurrection proved about as wrong as expected. When the UK act managed to achieve the previously impossible feat of no-one in the world actually voting for it in the public vote, his future as Wogans successor was forever confirmed. And surely, he should already have inside knowledge of the Irish broadcasters ongoing efforts to avoid bankruptcy be being forced to host the annual contest, due to winning. Perhaps this is also the BBC’s cunning plan but their desire to offer a human sacrifice every year is perhaps a bit unfair.

All things concerned, we were inclined to accept the lack of a Formula 1 weekend, due to the hilarity from other sources.

 

 

Lloyds share price performing with any excitement still appears a function the market has yet to discover. When we reviewed them three weeks ago, we commented on an ideal situation where the market would opt to “gap” the share price up above 54.1p. Unfortunately, while the share price is now trading around such a level, we haven’t witnessed the potential excitement of a manipulation gap and thus, we’re not entirely primed for fireworks in the share price immediate future. Instead, it starts to feel like price movements shall be quite sober and grown up.

Now above 54.5p looks pretty certain to attempt a visit to an initial 55.8p with our longer term secondary, if bettered, calculating at 58p. Overall, on this cycle, we anticipate a third level at 60.4p as being able to provoke some hesitation in a climbing cycle, demanding some deep thought for the future. Unless the market starts gapping the share price up at the open firstly.

 

If things intend go wrong, below 52.1p shall ring the first alarm bell for us, suggesting the risk of pushing reversal down to an initial 49.3 with our longer term secondary, if broken, calculating at a future 45p. With share prices movements during May, it feels like it will require a pretty firm political will to cause trouble for the retail banks.

 

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
10:01:34PM	BRENT	8264	8174	8151	7801	8382	8396	8458	8524	8342
10:03:18PM	GOLD	2359.98								2362
10:05:03PM	FTSE	8421.5								8324
10:06:47PM	STOX50	5083.7								5009
10:13:41PM	GERMANY	18769.9								18415
10:15:40PM	US500	5217.2								5207
10:18:20PM	DOW	39484								39166
10:20:36PM	NASDAQ	18141	18092	18056	17991	18160	18250	18393	18596	18020
10:22:39PM	JAPAN	38194								38329

 

10/05/2024 FTSE Closed at 8433 points. Change of 0.62%. Total value traded through LSE was: £ 4,878,616,617 a change of -3.08%

9/05/2024 FTSE Closed at 8381 points. Change of 0.32%. Total value traded through LSE was: £ 5,033,811,028 a change of -35.46%

8/05/2024 FTSE Closed at 8354 points. Change of 0.49%. Total value traded through LSE was: £ 7,799,424,670 a change of 19.63%

7/05/2024 FTSE Closed at 8313 points. Change of 1.22%. Total value traded through LSE was: £ 6,519,396,072 a change of 33.86%

3/05/2024 FTSE Closed at 8213 points. Change of 0.5%. Total value traded through LSE was: £ 4,870,153,173 a change of -28.06%

2/05/2024 FTSE Closed at 8172 points. Change of 0.63%. Total value traded through LSE was: £ 6,770,072,758 a change of 87.96%

1/05/2024 FTSE Closed at 8121 points. Change of -0.28%. Total value traded through LSE was: £ 3,601,904,135 a change of -39.24%

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:AAL Anglo American** **LSE:AZN Astrazeneca** **LSE:ECO ECO (Atlantic) O & G** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:STAN Standard Chartered** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

********

Updated charts published on : Anglo American, Astrazeneca, ECO (Atlantic) O & G, Hargreaves Lansdown, British Airways, ITV, Lloyds Grp., National Glib, Oxford Instruments, Rolls Royce, Scottish Mortgage Investment Trust, Standard Chartered, Tern Plc, Tesco,

---

LSE:AAL Anglo American. Close Mid-Price: 2773.5 Percentage Change: + 1.37% Day High: 2799.5 Day Low: 2756.5

Further movement against Anglo American ABOVE 2799.5 should improve accel ……..

Subscribe for more

</p

View Previous Anglo American & Big Picture ***

---

LSE:AZN Astrazeneca. Close Mid-Price: 12370 Percentage Change: + 0.31% Day High: 12432 Day Low: 12314

In the event of Astrazeneca enjoying further trades beyond 12432, the sha ……..

Subscribe for more

</p

View Previous Astrazeneca & Big Picture ***

---

LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 15.3 Percentage Change: + 5.52% Day High: 15.95 Day Low: 14.6

Target met. In the event of ECO (Atlantic) O & G enjoying further trades ……..

Subscribe for more

</p

View Previous ECO (Atlantic) O & G & Big Picture ***

---

LSE:HL. Hargreaves Lansdown. Close Mid-Price: 862 Percentage Change: + 3.16% Day High: 860.2 Day Low: 832.4

All Hargreaves Lansdown needs are mid-price trades ABOVE 860.2 to improve ……..

Subscribe for more

</p

View Previous Hargreaves Lansdown & Big Picture ***

---

LSE:IAG British Airways Close Mid-Price: 181.2 Percentage Change: -0.88% Day High: 186 Day Low: 182

Continued trades against IAG with a mid-price ABOVE 186 should improve th ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

---

LSE:ITV ITV. Close Mid-Price: 78.3 Percentage Change: + 2.22% Day High: 78.55 Day Low: 76.7

Target met. Further movement against ITV ABOVE 78.55 should improve accel ……..

Subscribe for more

</p

View Previous ITV & Big Picture ***

---

LSE:LLOY Lloyds Grp.. Close Mid-Price: 54.3 Percentage Change: + 0.67% Day High: 54.48 Day Low: 54

In the event of Lloyds Grp. enjoying further trades beyond 54.48, the sha ……..

Subscribe for more

</p

View Previous Lloyds Grp. & Big Picture ***

---

LSE:NG. National Glib. Close Mid-Price: 1117 Percentage Change: + 0.40% Day High: 1128 Day Low: 1113

Target met. In the event of National Glib enjoying further trades beyond ……..

Subscribe for more

</p

View Previous National Glib & Big Picture ***

---

LSE:OXIG Oxford Instruments. Close Mid-Price: 2425 Percentage Change: + 1.25% Day High: 2475 Day Low: 2380

In the event of Oxford Instruments enjoying further trades beyond 2475, t ……..

Subscribe for more

</p

View Previous Oxford Instruments & Big Picture ***

---

LSE:RR. Rolls Royce Close Mid-Price: 423.6 Percentage Change: -2.37% Day High: 439.4 Day Low: 423.8

All Rolls Royce needs are mid-price trades ABOVE 439.4 to improve acceler ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

---

LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 884.4 Percentage Change: -1.07% Day High: 899.8 Day Low: 884.6

Continued trades against SMT with a mid-price ABOVE 899.8 should improve ……..

Subscribe for more

</p

View Previous Scottish Mortgage Investment Trust & Big Picture ***

---

LSE:STAN Standard Chartered. Close Mid-Price: 775 Percentage Change: + 2.68% Day High: 777.4 Day Low: 755.4

Continued trades against STAN with a mid-price ABOVE 777.4 should improve ……..

Subscribe for more

</p

View Previous Standard Chartered & Big Picture ***

---

LSE:TERN Tern Plc. Close Mid-Price: 4.4 Percentage Change: + 4.76% Day High: 4.65 Day Low: 4.2

All Tern Plc needs are mid-price trades ABOVE 4.65 to improve acceleratio ……..

Subscribe for more

</p

View Previous Tern Plc & Big Picture ***

---

LSE:TSCO Tesco. Close Mid-Price: 311.7 Percentage Change: + 0.48% Day High: 313.1 Day Low: 309.4

Further movement against Tesco ABOVE 313.1 should improve acceleration to ……..

Subscribe for more

</p

View Previous Tesco & Big Picture ***

---

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

#FTSE #Gold  The most recent 16 sessions have experienced just three days  where marginal FTSE reversals occurred. And even the word “marginal” may be too expansive as only 1st May only managed to lose 23 points before things again became interesting. Oddly though, from a Big Picture perspective, there appears to be a slender chance of the 8403 level provoking some near term hesitation, despite the underlying trend still pointing upward.

But first, the UK AIM market has finally taken an interest in proceedings, recovering above the Red uptrend and also achieving a higher high. We hope this shall prove an indication many of the beleaguered traders in the junior market are also finally about to experience some succour, rather than their permanent feeling of being suckers… Above 793 points should next enter a cycle to an initial 824 with secondary, if beaten, at 858 points and some possible hesitation. But for the longer term, the AIM has just tentatively ticked the first box for recovery to an eventual 1107 points. It’s certain a 41% growth potential should contain sufficient pixy dust to start some of the more stagnant shares moving.

 

The FTSE is bothering us a little, due to it now trading in Big Picture territory with some of our future ambitions sounding a little enthusiastic. It’s now the case where movement above 8403 points should next trigger a visit to 8513 points with our secondary, if beaten, at 8609 points, taking the market into a zone where we suspect some real hesitation shall make itself known, doubtless due to the collective disbelief of those holding FTSE 100 shares. Should this trigger, the tightest stop loss looks like 8335 points.

If things intend go horribly wrong, below 8301 now risks triggering reversal to 8099 with our secondary, if broken, at 8014 points and a return to where everything was before it started go right!

 

Have a good weekend, hopefully with the chance to enjoy some decent weather.

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:32:41PM	BRENT	8407.8	8240	8097		8350	8426	8446		8360
9:35:01PM	GOLD	2344.29	2328	2321		2339	2348	2359		2329	Success
9:50:00PM	FTSE	8412.6	8380	8363		8415	8421	8471		8326	Success
9:53:24PM	STOX50	5061.5	5014	4997		5034	5063	5070		5052	Success
9:56:26PM	GERMANY	18735.4	18529	18449		18628	18745	18872		18660	Success
10:03:58PM	US500	5217.5	5197	5188		5210	5218	5223		5199	Success
10:13:23PM	DOW	39422.6	39200	39098		39281	39452	39601		39206	‘cess
10:16:59PM	NASDAQ	18124.5	18008	17969		18077	18144	18170		18093
10:19:42PM	JAPAN	38414	38261	38182		38381	38445	38633		38346	Shambles

9/05/2024 FTSE Closed at 8381 points. Change of 0.32%. Total value traded through LSE was: £ 5,033,811,028 a change of -35.46%

8/05/2024 FTSE Closed at 8354 points. Change of 0.49%. Total value traded through LSE was: £ 7,799,424,670 a change of 19.63%

7/05/2024 FTSE Closed at 8313 points. Change of 1.22%. Total value traded through LSE was: £ 6,519,396,072 a change of 33.86%

3/05/2024 FTSE Closed at 8213 points. Change of 0.5%. Total value traded through LSE was: £ 4,870,153,173 a change of -28.06%

2/05/2024 FTSE Closed at 8172 points. Change of 0.63%. Total value traded through LSE was: £ 6,770,072,758 a change of 87.96%

1/05/2024 FTSE Closed at 8121 points. Change of -0.28%. Total value traded through LSE was: £ 3,601,904,135 a change of -39.24%

30/04/2024 FTSE Closed at 8144 points. Change of -100%. Total value traded through LSE was: £ 5,927,984,853 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:AFC AFC Energy** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:ECO ECO (Atlantic) O & G** **LSE:FOXT Foxtons** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

********

Updated charts published on : AFC Energy, Astrazeneca, Barclays, ECO (Atlantic) O & G, Foxtons, Intertek, ITV, National Glib, Natwest, Tern Plc, Tesco,

---

LSE:AFC AFC Energy Close Mid-Price: 20.4 Percentage Change: -3.32% Day High: 21.95 Day Low: 19.72

Continued trades against AFC with a mid-price ABOVE 21.95 should improve ……..

Subscribe for more

</p

View Previous AFC Energy & Big Picture ***

---

LSE:AZN Astrazeneca. Close Mid-Price: 12332 Percentage Change: + 0.55% Day High: 12388 Day Low: 12256

Further movement against Astrazeneca ABOVE 12388 should improve accelerat ……..

Subscribe for more

</p

View Previous Astrazeneca & Big Picture ***

---

LSE:BARC Barclays. Close Mid-Price: 213.25 Percentage Change: + 0.76% Day High: 215 Day Low: 211.9

Target met. Continued trades against BARC with a mid-price ABOVE 215 shou ……..

Subscribe for more

</p

View Previous Barclays & Big Picture ***

---

LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 14.5 Percentage Change: + 3.57% Day High: 14.95 Day Low: 14.25

All ECO (Atlantic) O & G needs are mid-price trades ABOVE 14.95 to improv ……..

Subscribe for more

</p

View Previous ECO (Atlantic) O & G & Big Picture ***

---

LSE:FOXT Foxtons. Close Mid-Price: 65.2 Percentage Change: + 5.84% Day High: 68.8 Day Low: 61.4

Target met. Continued trades against FOXT with a mid-price ABOVE 68.8 sho ……..

Subscribe for more

</p

View Previous Foxtons & Big Picture ***

---

LSE:ITRK Intertek Close Mid-Price: 5055 Percentage Change: -0.39% Day High: 5100 Day Low: 5050

Continued trades against ITRK with a mid-price ABOVE 5100 should improve ……..

Subscribe for more

</p

View Previous Intertek & Big Picture ***

---

LSE:ITV ITV. Close Mid-Price: 76.6 Percentage Change: + 3.03% Day High: 76.55 Day Low: 74

In the event of ITV enjoying further trades beyond 76.55, the share shoul ……..

Subscribe for more

</p

View Previous ITV & Big Picture ***

---

LSE:NG. National Glib. Close Mid-Price: 1112.5 Percentage Change: + 1.00% Day High: 1113 Day Low: 1100.5

Further movement against National Glib ABOVE 1113 should improve accelera ……..

Subscribe for more

</p

View Previous National Glib & Big Picture ***

---

LSE:NWG Natwest. Close Mid-Price: 317.8 Percentage Change: + 0.25% Day High: 320.3 Day Low: 316

All Natwest needs are mid-price trades ABOVE 320.3 to improve acceleratio ……..

Subscribe for more

</p

View Previous Natwest & Big Picture ***

---

LSE:TERN Tern Plc. Close Mid-Price: 4.2 Percentage Change: + 15.07% Day High: 4.25 Day Low: 3.65

In the event of Tern Plc enjoying further trades beyond 4.25, the share s ……..

Subscribe for more

</p

View Previous Tern Plc & Big Picture ***

---

LSE:TSCO Tesco. Close Mid-Price: 310.2 Percentage Change: + 0.78% Day High: 311.6 Day Low: 308.1

Continued trades against TSCO with a mid-price ABOVE 311.6 should improve ……..

Subscribe for more

</p

View Previous Tesco & Big Picture ***

---

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

#Gold #SP500  One interesting aspect of Trustpilot’s share price is it looks capable of heading upward, perhaps quite firmly. We stumbled upon a website where reviews of Trustpilot were hosted, many of which called into question the validity of results from Trustpilot. The site, ReviewCentre.Com rated Trustpilot with only 1.2 stars out of 5, mainly due to the company being accused of removing negative reviews which relate to companies paying them for membership. Additionally, users seem to complain it’s easy to post positive reviews on Trustpilots but negative reviews are challenged with the company asking for forensic detail levels of proof.

 

Obviously, this must be a massive danger for websites hosting reviews of products, a constant threat of litigation, but a ReviewCentre.com, users seem to complain the stringent policy only commenced with Trustpilot started to accept advertising. Who knows? From a personal standpoint, until doing some background reading for the review site, it’s never been something regarded as worth taking advantage of. Instead, if making a serious decision, a simple question on Twitter or Reddit usually serves to help make a decision. Recently, wanting to purchase a load of different colours of filament for our 3d Printer, Reddit stepped up to the line, also providing a reasonable degree of education. Apparently, the rolls of filament dry out, become brittle, and essentially useless. There’s a hardcore version of 3d Printer users who keep their supplies in sanitised airtight conditions, their constant mantra being this is the only safe way to store bulk product. However, one guy on Reddit clearly ventures outdoors as he uses a garden strimmer. Several years ago, he bought a big roll of strimmer cable, eventually contacting the manufacturer as after a couple of years, the stuff broke on impact with garden weeds. The maker advised him to stick the entire roll in a bucket of water for 24 hours as the product could be rehydrated successfully.

Since this epiphany, the chap has been giving his 3D Printer filament similar treatment if any become brittle, and reports success.

But had we relied on review sites, a dangerous bias would be introduced against printer coils from Maker X who supplies 250 metre rolls. Invariably, quantities such as this will dry out but reviewers would only tend write “Maker X products break when being fed into the printer”. Our point, essentially, is unless the reader knows all the circumstances of a reviewer, we’re inclined to distrust on-line reviews. Personally, I could never be trusted to review an Indian Restaurant as I abhor the food and scents. My wife, on the other hand, loves food from the sub-continent making takeaway decisions awkward.

 

However, it seems possible Trustpilot have discovered reliable sources of revenue and it looks like this could be reflected in their share price ambitions.

 

Currently trading around 207p, above 211p now looks like forging a path to an initial 226p with our longer term secondary, if bettered, coming in at a 5 Star future 286p, a price level at which we suspect some hesitation shall occur. Should things intend go wrong for the share. a nasty possibility due to the wild share price movements on March 19th, below Red at 184p risks promoting reversal down to an initial 160p with our secondary, if broken, at 132p and a very possible rebound level.

 

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:28:09PM	BRENT	8370.6
9:31:22PM	GOLD	2308.23	2303	2299	2288	2314	2319	2323	2326	2313	‘cess
9:34:12PM	FTSE	8344.8									‘cess
10:35:19PM	STOX50	5039.6									‘cess
10:38:10PM	GERMANY	18500									‘cess
10:44:40PM	US500	5185.1	5163	5155	5142	5180	5193	5202	5215	5176	‘cess
10:47:26PM	DOW	39056.5
10:50:48PM	NASDAQ	18058									Success
10:54:05PM	JAPAN	38363									Success

 

8/05/2024 FTSE Closed at 8354 points. Change of 0.49%. Total value traded through LSE was: £ 7,799,424,670 a change of 19.63%

7/05/2024 FTSE Closed at 8313 points. Change of 1.22%. Total value traded through LSE was: £ 6,519,396,072 a change of 33.86%

3/05/2024 FTSE Closed at 8213 points. Change of 0.5%. Total value traded through LSE was: £ 4,870,153,173 a change of -28.06%

2/05/2024 FTSE Closed at 8172 points. Change of 0.63%. Total value traded through LSE was: £ 6,770,072,758 a change of 87.96%

1/05/2024 FTSE Closed at 8121 points. Change of -0.28%. Total value traded through LSE was: £ 3,601,904,135 a change of -39.24%

30/04/2024 FTSE Closed at 8144 points. Change of -0.04%. Total value traded through LSE was: £ 5,927,984,853 a change of 22.51%

29/04/2024 FTSE Closed at 8147 points. Change of -100%. Total value traded through LSE was: £ 4,838,878,420 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:AFC AFC Energy** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:ECO ECO (Atlantic) O & G** **LSE:FOXT Foxtons** **LSE:HSBA HSBC** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:TSCO Tesco** **

********

Updated charts published on : AFC Energy, Astrazeneca, Barclays, ECO (Atlantic) O & G, Foxtons, HSBC, Intertek, Lloyds Grp., National Glib, Tesco,

---

LSE:AFC AFC Energy. Close Mid-Price: 21.1 Percentage Change: + 7.65% Day High: 21.25 Day Low: 20

All AFC Energy needs are mid-price trades ABOVE 21.25 to improve accelera ……..

Subscribe for more

</p

View Previous AFC Energy & Big Picture ***

---

LSE:AZN Astrazeneca. Close Mid-Price: 12264 Percentage Change: + 1.20% Day High: 12384 Day Low: 12228

Target met. Continued trades against AZN with a mid-price ABOVE 12384 sho ……..

Subscribe for more

</p

View Previous Astrazeneca & Big Picture ***

---

LSE:BARC Barclays. Close Mid-Price: 211.65 Percentage Change: + 0.62% Day High: 213.2 Day Low: 209.6

Target met. In the event of Barclays enjoying further trades beyond 213.2 ……..

Subscribe for more

</p

View Previous Barclays & Big Picture ***

---

LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 14 Percentage Change: + 5.66% Day High: 14.25 Day Low: 13.6

Target met. Continued trades against ECO with a mid-price ABOVE 14.25 sho ……..

Subscribe for more

</p

View Previous ECO (Atlantic) O & G & Big Picture ***

---

LSE:FOXT Foxtons. Close Mid-Price: 61.6 Percentage Change: + 4.76% Day High: 61.8 Day Low: 59

Target met. In the event of Foxtons enjoying further trades beyond 61.8, ……..

Subscribe for more

</p

View Previous Foxtons & Big Picture ***

---

LSE:HSBA HSBC. Close Mid-Price: 720.8 Percentage Change: + 1.15% Day High: 724.4 Day Low: 718.1

Further movement against HSBC ABOVE 724.4 should improve acceleration tow ……..

Subscribe for more

</p

View Previous HSBC & Big Picture ***

---

LSE:ITRK Intertek. Close Mid-Price: 5075 Percentage Change: + 1.30% Day High: 5075 Day Low: 5020

All Intertek needs are mid-price trades ABOVE 5075 to improve acceleratio ……..

Subscribe for more

</p

View Previous Intertek & Big Picture ***

---

LSE:LLOY Lloyds Grp.. Close Mid-Price: 53.94 Percentage Change: + 0.41% Day High: 54.38 Day Low: 53.58

Further movement against Lloyds Grp. ABOVE 54.38 should improve accelerat ……..

Subscribe for more

</p

View Previous Lloyds Grp. & Big Picture ***

---

LSE:NG. National Glib. Close Mid-Price: 1101.5 Percentage Change: + 0.55% Day High: 1104 Day Low: 1095.5

All National Glib needs are mid-price trades ABOVE 1104 to improve accele ……..

Subscribe for more

</p

View Previous National Glib & Big Picture ***

---

LSE:TSCO Tesco. Close Mid-Price: 307.8 Percentage Change: + 1.15% Day High: 309.7 Day Low: 305.7

All Tesco needs are mid-price trades ABOVE 309.7 to improve acceleration ……..

Subscribe for more

</p

View Previous Tesco & Big Picture ***

---

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

#Brent #Dax  Sometimes the market does thing we simply can neither understand nor justify. Natwest just pulled off one of these stunts as when we reviewed the share three weeks ago,  we suggested above 281p should next target 295p with secondary, if bettered, a ‘game changing’ 315p. These target levels are worthy of a few minutes examination, especially as the gremlins who influence price movements appear to be following the same sheet music as us.

To explain, the chart immediately below shows something interesting happening on April 26th. Natwest was gapped up to 296p when the market opened, obviously slightly above our immediate target level. In the period what has followed, the share price has trundled up to a high of 317.9p, slightly above our secondary target but on the day, it failed to close above 315p, so we’re not entirely convinced the game has yet changed.

But when we review what actually happened on Tuesday 7th, things get a little interesting as at 2pm Natwest exceeded our 315p, reached a new high by 2.40pm before forcing itself backward, once again below 315p yet at 3.30pm. it spitefully back-tested the 315p level before falling again. From our perspective, the worst thing we should now anticipate is for weakness below 310p promoting the idea of reversal to an initial 303.3 with our secondary, if broken, calculating down at 286.3p and hopefully a bounce capable of taking the share upward properly. But our demand it closes a session above 315p remains intact before booking any expensive holidays to Skegness.

There is another visual issue, one we’re not entirely sold on, and it’s the very real danger if the market wakes up one day, opting to Gap the share downward at the open by around 5p for whatever reason they find offends them the most. Any movement such as this risks dangerous consequences. While we shall need visit a new set of calculations, a Gap Down following a Gap Up usually ends in tears.

 

Of course, this is Natwest, a UK retail bank and therefore worthy of undying optimism and trust. But sarcasm aside, there is something important.

Theoretically, despite it not yet double underlining the word “optimism” by allowing the share to close a session above 315p, there is an argument we can now present where movement above 318p should target an initial 355p with our longer term secondary calculating at an amazing 379p in the longer term.

 

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:33:10PM	BRENT	8306.4	8238	8104	7748	8385	8383	8445	8514	8300
9:35:02PM	GOLD	2313.53								2318
9:42:03PM	FTSE	8332.7								8306
9:44:42PM	STOX50	5010.9								4998
9:47:22PM	GERMANY	18444	18264	18165	18068	18346	18453	18462	18671	18420
9:50:22PM	US500	5187								5175
9:57:45PM	DOW	38878								38844
10:00:32PM	NASDAQ	18089.2								18050
10:03:14PM	JAPAN	38696								38785

 

7/05/2024 FTSE Closed at 8313 points. Change of 1.22%. Total value traded through LSE was: £ 6,519,396,072 a change of 33.86%

3/05/2024 FTSE Closed at 8213 points. Change of 0.5%. Total value traded through LSE was: £ 4,870,153,173 a change of -28.06%

2/05/2024 FTSE Closed at 8172 points. Change of 0.63%. Total value traded through LSE was: £ 6,770,072,758 a change of 87.96%

1/05/2024 FTSE Closed at 8121 points. Change of -0.28%. Total value traded through LSE was: £ 3,601,904,135 a change of -39.24%

30/04/2024 FTSE Closed at 8144 points. Change of -0.04%. Total value traded through LSE was: £ 5,927,984,853 a change of 22.51%

29/04/2024 FTSE Closed at 8147 points. Change of 0.1%. Total value traded through LSE was: £ 4,838,878,420 a change of -6.86%

26/04/2024 FTSE Closed at 8139 points. Change of -100%. Total value traded through LSE was: £ 5,195,337,438 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:BARC Barclays** **LSE:ECO ECO (Atlantic) O & G** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:ITRK Intertek** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:TSCO Tesco** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Barclays, ECO (Atlantic) O & G, HSBC, British Airways, Intertek, Music Magpie, Natwest, Tesco, Zoo Digital,

---

LSE:BARC Barclays. Close Mid-Price: 210.35 Percentage Change: + 3.95% Day High: 210.65 Day Low: 204.1

Further movement against Barclays ABOVE 210.65 should improve acceleratio ……..

Subscribe for more

</p

View Previous Barclays & Big Picture ***

---

LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 13.25 Percentage Change: + 7.29% Day High: 13.3 Day Low: 12.38

Further movement against ECO (Atlantic) O & G ABOVE 13.3 should improve a ……..

Subscribe for more

</p

View Previous ECO (Atlantic) O & G & Big Picture ***

---

LSE:HSBA HSBC. Close Mid-Price: 712.6 Percentage Change: + 1.01% Day High: 717.7 Day Low: 708.6

Target met. In the event of HSBC enjoying further trades beyond 717.7, th ……..

Subscribe for more

</p

View Previous HSBC & Big Picture ***

---

LSE:IAG British Airways Close Mid-Price: 177.4 Percentage Change: -0.70% Day High: 184.5 Day Low: 173.9

All British Airways needs are mid-price trades ABOVE 184.5 to improve ac ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

---

LSE:ITRK Intertek. Close Mid-Price: 5010 Percentage Change: + 1.09% Day High: 5070 Day Low: 4974

In the event of Intertek enjoying further trades beyond 5070, the share s ……..

Subscribe for more

</p

View Previous Intertek & Big Picture ***

---

LSE:MMAG Music Magpie Close Mid-Price: 5.75 Percentage Change: -11.54% Day High: 6.5 Day Low: 5.75

Weakness on Music Magpie below 5.75 will invariably lead to 5.5p with sec ……..

Subscribe for more

</p

View Previous Music Magpie & Big Picture ***

---

LSE:NWG Natwest. Close Mid-Price: 312 Percentage Change: + 2.30% Day High: 317.9 Day Low: 307

Target met. In the event of Natwest enjoying further trades beyond 317.9, ……..

Subscribe for more

</p

View Previous Natwest & Big Picture ***

---

LSE:TSCO Tesco. Close Mid-Price: 304.3 Percentage Change: + 2.01% Day High: 307.2 Day Low: 300.9

Target met. In the event of Tesco enjoying further trades beyond 307.2, t ……..

Subscribe for more

</p

View Previous Tesco & Big Picture ***

---

LSE:ZOO Zoo Digital Close Mid-Price: 54.5 Percentage Change: -2.68% Day High: 62 Day Low: 54.5

Target met. Continued trades against ZOO with a mid-price ABOVE 62 should ……..

Subscribe for more

</p

View Previous Zoo Digital & Big Picture ***

---

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

#FTSE #GOLD The FTSE has finally emerged from the long shadow cast by the highs, pre-pandemic, so we should be able to relegate the crazy years

of lockdowns to history and march onward into a bright future. This, apparently, isn’t the case! Yesterday I was summoned by the NHS to a vaccination clinic, where my 7th Covid injection was administered in an environment thankfully without lunatic queues. With 4 years of practice, the NHS folk had to finally be able to figure out an orderly procedure.

It’s surprising but previously, I’ve never taken the time to gossip with the nurses at these clinics but this time around, the opportunity arose when the nurse asked “Why is someone as young as you getting innoculated?” When I explained my personal situation, I asked if the team were aware of the successful changes made by their injections. Unfortunately, over the years, I’ve had blood tests carried out before and after the Covid-19 jag, quite literally able to quantify the benefits to my immune system following each vaccination. The first time this happened, questions were asked as folk going through chemo don’t routinely experience an improved immune system, quite the opposite. But once boosted by the Covid-19 jag (this one was from Astrazeneca, doubtless a nice income stream for the company), I can look forward to shaving without turning the bathroom sink into what looks like a blood splattered crime scene. Cuts which heal immediately are nice! However, one thing which has remained constant (for me) over the years is being knocked sideways for a couple of days, following each booster shot. Basically, a hangover without the benefit of doing the fun work to deserve it.

 

As the chart below highlights, the FTSE has finally started to paint a series of new highs, so we are fairly excited as it shall be a pleasant change to experience some positive results coming from London. We’ve noticed, among various sectors, it’s going to be hard to restrain enthusiasm,. so perhaps it will be wise to research those shares with solid fundamentals which are languishing below their pre-pandemic levels. It’s very probably those market components shall be the ones moving fastest in the months ahead.

 

With regard the FTSE for Friday, firstly, the Big Picture now claims a long term attraction above 8,600 is exerting influence on the UK market. As a result, we’re inclined to review near term gain potentials. A reasonable scenario now calculated with the potential of movement above 8200 bringing a visit to an initial 8224 points with secondary, if exceeded, at 8297 points. Given the parsimonious rate of movements recently, it’s likely this sort of secondary may not appear until next week. If triggered, our tightest stop looks like 8145 points.

 

Our converse scenario examines the potentials, if the market trips below 8145. This looks capable of triggering reversal to an initial 8125 with our secondary, if broken, at 8110 and a very possible rebound.

 

Have a good LONG weekend, enjoy the weather and the Grand Prix. We’ll be back on Tuesday.

 

 

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:29:45PM	BRENT	8358.7	8302	8163		8445	8440	8486		8380
10:32:40PM	GOLD	2303.23	2297	2284		2306	2309	2319		2301	‘cess
10:37:49PM	FTSE	8193	8135	8114		8163	8201	8212		8176	Success
10:40:57PM	STOX50	4910.7	4907	4845		4921	4921	4934		4898
10:43:30PM	GERMANY	17979.4	17873	17835		17946	18001	18039		17918
11:01:06PM	US500	5084.4	5033	5009		5063	5088	5108		5052	Success
11:03:47PM	DOW	38481	37895	37783		38097	38508	38522		38239	Success
11:06:43PM	NASDAQ	17624	17294	17268		17460	17649	17773		17543	Success
11:09:26PM	JAPAN	37934	37733	37552		37915	38367	38458		38183

 

2/05/2024 FTSE Closed at 8172 points. Change of 0.63%. Total value traded through LSE was: £ 6,770,072,758 a change of 87.96%

1/05/2024 FTSE Closed at 8121 points. Change of -0.28%. Total value traded through LSE was: £ 3,601,904,135 a change of -39.24%

30/04/2024 FTSE Closed at 8144 points. Change of -0.04%. Total value traded through LSE was: £ 5,927,984,853 a change of 22.51%

29/04/2024 FTSE Closed at 8147 points. Change of 0.1%. Total value traded through LSE was: £ 4,838,878,420 a change of -6.86%

26/04/2024 FTSE Closed at 8139 points. Change of 0.76%. Total value traded through LSE was: £ 5,195,337,438 a change of -32.25%

25/04/2024 FTSE Closed at 8078 points. Change of 0.47%. Total value traded through LSE was: £ 7,668,407,153 a change of -4.61%

24/04/2024 FTSE Closed at 8040 points. Change of -0.05%. Total value traded through LSE was: £ 8,038,861,258 a change of 24.9%

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:HSBA HSBC** **LSE:SCLP Scancell** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Aston Martin, HSBC, Scancell, Standard Chartered, Zoo Digital,

---

LSE:AML Aston Martin Close Mid-Price: 133.2 Percentage Change: -3.62% Day High: 142.5 Day Low: 134.3

Continued weakness against AML taking the price below 128 calculates as le ……..

Subscribe for more

</p

View Previous Aston Martin & Big Picture ***

---

LSE:HSBA HSBC. Close Mid-Price: 705 Percentage Change: + 1.08% Day High: 712.3 Day Low: 703.6

Target met. All HSBC needs are mid-price trades ABOVE 712.3 to improve ac ……..

Subscribe for more

</p

View Previous HSBC & Big Picture ***

---

LSE:SCLP Scancell Close Mid-Price: 9.1 Percentage Change: -1.62% Day High: 9.25 Day Low: 9.1

Target met. Weakness on Scancell below 9.1 will invariably lead to 8.5p w ……..

Subscribe for more

</p

View Previous Scancell & Big Picture ***

---

LSE:STAN Standard Chartered. Close Mid-Price: 756 Percentage Change: + 8.78% Day High: 761.6 Day Low: 729.4

Target met. Further movement against Standard Chartered ABOVE 761.6 shoul ……..

Subscribe for more

</p

View Previous Standard Chartered & Big Picture ***

---

LSE:ZOO Zoo Digital. Close Mid-Price: 51.5 Percentage Change: + 21.18% Day High: 51.5 Day Low: 43.5

Target met. All Zoo Digital needs are mid-price trades ABOVE 51.5 to impr ……..

Subscribe for more

</p

View Previous Zoo Digital & Big Picture ***

---

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

#Gold #WallSt  Sometimes, we think it’d be fun to have an annual competition for the best attempts at the English language from large company websites. We’re referring to the sort of nonsense, clearly produced by a committee, all of who forgot their ‘in house’ speak would be gibberish to normal folk. Folk emailing us for a report on Eleco had doubtless skipped over the silly bullet points as this sort of thing quickly assumes similar compulsive reading as a political leaflet, essentially immediately ignored.

Eleco certainly provide a couple of strong contenders for a gibberish award. Just what “Customer Facing Business software” actually is defeats us and it’d be nice to know what a “Built Environment” really is. This sort of thing can be easily discounted except for the salient detail both images appear on the front page of Eleco’s website.

 

 

Impressively, the company, dating back to 1920 and listed on the London exchange since 1939, are one we’ve not come across previously but their slow and steady growth and expansion now gives them a worldwide footprint.

 

Our inclination with regard their share price movements this year is of optimism for the future as some upward travel appears very possible. In January of this year, the share price was yanked above a downtrend since 2021 with movements since suggesting a gain cycle is coming along.

Currently, above just 100p calculates as capable of triggering movement to an initial 105p, a very tame rise but our secondary, should this initial 105p be exceeded, works out at a more useful 122p, along with some probable hesitation. Longer term, if any of this scenario comes to fruition, the share price has the potential to head to 147p and potentially establish a new all time high.

Should things intend go wrong, the share price needs slip below 91p as this could easily trigger reversal to an initial 81 with secondary, if broken, a hopeful bottom at just 60p.

For now, it looks good.

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:21:44PM	BRENT	8348.8									Success
10:25:06PM	GOLD	2319.13	2297	2288	2275	2310	2329	2332	2349	2307	‘cess
11:05:22PM	FTSE	8112									Shambles
11:09:50PM	GERMANY	17861									Shambles
11:13:49PM	US500	5031									Shambles
11:18:37PM	DOW	37982	37705	37679	37450	37967	38063	38232	38407	37880	Success
11:21:42PM	NASDAQ	17383
11:24:37PM	JAPAN	37892									‘cess

 

1/05/2024 FTSE Closed at 8121 points. Change of -0.28%. Total value traded through LSE was: £ 3,601,904,135 a change of -39.24%

30/04/2024 FTSE Closed at 8144 points. Change of -0.04%. Total value traded through LSE was: £ 5,927,984,853 a change of 22.51%

29/04/2024 FTSE Closed at 8147 points. Change of 0.1%. Total value traded through LSE was: £ 4,838,878,420 a change of -6.86%

26/04/2024 FTSE Closed at 8139 points. Change of 0.76%. Total value traded through LSE was: £ 5,195,337,438 a change of -32.25%

25/04/2024 FTSE Closed at 8078 points. Change of 0.47%. Total value traded through LSE was: £ 7,668,407,153 a change of -4.61%

24/04/2024 FTSE Closed at 8040 points. Change of -0.05%. Total value traded through LSE was: £ 8,038,861,258 a change of 24.9%

23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32%

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:AML Aston Martin** **LSE:AZN Astrazeneca** **LSE:ECO ECO (Atlantic) O & G** **LSE:HSBA HSBC** **LSE:SCLP Scancell** **

********

Updated charts published on : Aston Martin, Astrazeneca, ECO (Atlantic) O & G, HSBC, Scancell,

---

LSE:AML Aston Martin Close Mid-Price: 138.2 Percentage Change: -6.75% Day High: 143.5 Day Low: 128

Target met. Continued weakness against AML taking the price below 128 cal ……..

Subscribe for more

</p

View Previous Aston Martin & Big Picture ***

---

LSE:AZN Astrazeneca. Close Mid-Price: 12170 Percentage Change: + 0.90% Day High: 12266 Day Low: 12054

All Astrazeneca needs are mid-price trades ABOVE 12266 to improve acceler ……..

Subscribe for more

</p

View Previous Astrazeneca & Big Picture ***

---

LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 12.2 Percentage Change: + 6.09% Day High: 12.6 Day Low: 11.35

Target met. In the event of ECO (Atlantic) O & G enjoying further trades ……..

Subscribe for more

</p

View Previous ECO (Atlantic) O & G & Big Picture ***

---

LSE:HSBA HSBC. Close Mid-Price: 697.5 Percentage Change: + 0.27% Day High: 703.4 Day Low: 693.2

Further movement against HSBC ABOVE 703.4 should improve acceleration tow ……..

Subscribe for more

</p

View Previous HSBC & Big Picture ***

---

LSE:SCLP Scancell. Close Mid-Price: 9.25 Percentage Change: + 3.70% Day High: 9.3 Day Low: 9.25

If Scancell experiences continued weakness below 9.25, it will invariably ……..

Subscribe for more

</p

View Previous Scancell & Big Picture ***

---

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

#FTSE #Nasdaq  The largest bank in Europe and rated 20th largest company in the world by Forbes, HSBC remains out favourite goto bank for gossip and controversy if reading their Wikipedia entry. The most recent report in 2023 suggested they have been “complicit in the repression of human rights”, an investigation chaired by the fragrant Alistair Carmichael, someone once found not guilty of misleading voters but spectacularly failed to win his court costs estimated at £150,000, a result which shouted louder than the courts verdict. But it was no surprise to discover he was earning extra funds, chairing a drawn out UK parliamentary enquiry into the activities of HSBC.

 

Something has changed with HSBC share price, the value of the share being gapped up above a significant Blue downtrend which dates back to 2007. We are not inclined to view this price manipulation as an accident, instead feeling inclined to suspect the UK market feels it may be time for the Financial Sector to start producing some recovery.

HSBC are already trading above the high pre-pandemic of 600p, this usually being the first big signal a share price is entering a proper recovery phase. The fact the market opted to gap it above this Blue downtrend should be the next big signal of good times ahead. This being the case above 703p should now promote a visit to an initial 718 with our secondary, if exceeded, calculating at 748p.

From our perspective, this secondary target is quite a big deal, due to closure above 733p taking the share price into a zone with a long term attraction coming from a future 898p.

 

If HSBC intend fall victim to something being very tentatively called “Londonitis”, a dodgy attempt at naming the frustration felt by investors & traders at the lacklustre performance of the UK stock market (it could have been worse, something like FTSE Gate), their share price currently needs below 657 to cause trouble, risking a visit down to an initial 621 with our secondary, if broken, working out at 560p and hopefully a bottom.

Oh, welcome to May and some genuine optimism for a bank share price.

 

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:44:06PM	BRENT	8590.2									Success
10:48:45PM	GOLD	2285.63									Success
10:51:46PM	FTSE	8125.6	8120	8093	8071	8160	8159	8174	8192	8136	Shambles
10:55:24PM	STOX50	4890.9									Success
10:58:26PM	GERMANY	17856									Success
11:00:58PM	US500	5024.6									Success
11:04:05PM	DOW	37816									Success
11:08:32PM	NASDAQ	17373	17339	17185	16973	17511	17625	17742	17876	17546	Success
11:15:08PM	JAPAN	38028									Shambles

 

30/04/2024 FTSE Closed at 8144 points. Change of -0.04%. Total value traded through LSE was: £ 5,927,984,853 a change of 22.51%

29/04/2024 FTSE Closed at 8147 points. Change of 0.1%. Total value traded through LSE was: £ 4,838,878,420 a change of -6.86%

26/04/2024 FTSE Closed at 8139 points. Change of 0.76%. Total value traded through LSE was: £ 5,195,337,438 a change of -32.25%

25/04/2024 FTSE Closed at 8078 points. Change of 0.47%. Total value traded through LSE was: £ 7,668,407,153 a change of -4.61%

24/04/2024 FTSE Closed at 8040 points. Change of -0.05%. Total value traded through LSE was: £ 8,038,861,258 a change of 24.9%

23/04/2024 FTSE Closed at 8044 points. Change of 0.26%. Total value traded through LSE was: £ 6,436,213,150 a change of 18.32%

22/04/2024 FTSE Closed at 8023 points. Change of 1.62%. Total value traded through LSE was: £ 5,439,622,583 a change of -22.9%

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:AAL Anglo American** **LSE:ECO ECO (Atlantic) O & G** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:SCLP Scancell** **

********

Updated charts published on : Anglo American, ECO (Atlantic) O & G, Hargreaves Lansdown, HSBC, Scancell,

---

LSE:AAL Anglo American Close Mid-Price: 2634 Percentage Change: -4.22% Day High: 2786 Day Low: 2618

Continued trades against AAL with a mid-price ABOVE 2786 should improve t ……..

Subscribe for more

</p

View Previous Anglo American & Big Picture ***

---

LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 11.5 Percentage Change: + 6.48% Day High: 12.25 Day Low: 10.8

Target met. All ECO (Atlantic) O & G needs are mid-price trades ABOVE 12. ……..

Subscribe for more

</p

View Previous ECO (Atlantic) O & G & Big Picture ***

---

LSE:HL. Hargreaves Lansdown. Close Mid-Price: 813.8 Percentage Change: + 3.59% Day High: 852.6 Day Low: 808.2

Further movement against Hargreaves Lansdown ABOVE 852.6 should improve a ……..

Subscribe for more

</p

View Previous Hargreaves Lansdown & Big Picture ***

---

LSE:HSBA HSBC. Close Mid-Price: 695.6 Percentage Change: + 4.12% Day High: 702.4 Day Low: 677.6

Target met. In the event of HSBC enjoying further trades beyond 702.4, th ……..

Subscribe for more

</p

View Previous HSBC & Big Picture ***

---

LSE:SCLP Scancell Close Mid-Price: 8.92 Percentage Change: -6.60% Day High: 9.55 Day Low: 9.3

In the event Scancell experiences weakness below 9.3 it calculates with a ……..

Subscribe for more

</p

View Previous Scancell & Big Picture ***

---

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