Author: T&T Staff

#BrentFuture #WallSt Sometimes it’s worth just zooming out on a chart and giving yourself some time to think about what you are seeing. The price of Gold is currently providing a masterclass in price behaviour and giving plenty of reason to pause for thought, wondering just what the heck is going on.

Every year since 2020, the price of the metal has managed a surge just above 2050 dollars, invariably falling back sharply in horror at the enormity of its task. Curiously, the fall back experienced following this years attempt hasn’t (yet) mirrored the drops of previous years. Traditionally, this should indicate any future lunge upward which betters the previous highs will provide considerable entertainment and in the case of Gold, there’s an implicit suggestion a future $2357 should exert a long term attraction as a future ambition.

Unfortunately, there’s a couple of things worthy of consideration. When we take movements in 2023 into consideration, apparently above $1975 should promote gains to the 2000 dollar level again with our longer term secondary, if bettered, at $2054 eventually. This secondary target is a nuisance, visually matching the three previous highs, once again threatening sufficient reason for reversals due to a perception Gold has declared an invisible glass ceiling just above the 2050 dollar level. Perhaps it shall be the case our calculation of $2357 shall become gold’s Rwanda, something promised but never actually attained.

 

Near term, we’re a little nervous, especially as far too many Gold price movements from a Big Picture perspective make the metal feel like it’s under a degree of manual control and essentially being manipulated with attempts to stop it heading upward uncontrollably and equally, restrained from dropping too far. The picture of the chart since 2020 tends echo this sentiment as the median value looks like it’s somewhere around 1830 dollars.

Currently, it’s the case below $1932 works out with a reversal ambition to $1873 with our secondary, if broken, calculating down at $1826, almost exactly promising a drop to the median level once again. It’s interesting to note below $1800 theoretically works out as entering a reversal cycle to an eventual $1541. Visually, there’s little about such a target level which would justify such a degree of reversal.

 

In summary, our suspicion is Gold shall probably be worth a short position, if the $2054 level makes an appearance as the market feels determined to keep Gold under control.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:31:12PM	BRENT	8072.7	8054	7998	7873	8105	8221	8251	8317	8124	‘cess
9:33:38PM	GOLD	1959.56									Shambles
9:35:56PM	FTSE	7477									Success
9:50:46PM	STOX50	4303
9:53:04PM	GERMANY	15723									‘cess
9:55:23PM	US500	4497.3
9:57:49PM	DOW	34966.2	34850	34797	34711	34968	35055	35064	35977	34881
9:59:59PM	NASDAQ	15778									Success
10:02:32PM	JAPAN	33364									Success

15/11/2023 FTSE Closed at 7486 points. Change of 0.62%. Total value traded through LSE was: £ 5,809,987,386 a change of 5.78%

14/11/2023 FTSE Closed at 7440 points. Change of 0.2%. Total value traded through LSE was: £ 5,492,695,208 a change of 7.64%

13/11/2023 FTSE Closed at 7425 points. Change of 0.88%. Total value traded through LSE was: £ 5,102,955,229 a change of 1.94%

10/11/2023 FTSE Closed at 7360 points. Change of -1.27%. Total value traded through LSE was: £ 5,005,893,152 a change of 2.35%

9/11/2023 FTSE Closed at 7455 points. Change of 0.73%. Total value traded through LSE was: £ 4,890,859,412 a change of -30.52%

8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%

7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%

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:BDEV Barrett Devs** **LSE:CPI Capita** **LSE:FGP Firstgroup** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:RR. Rolls Royce** **LSE:SPT Spirent Comms** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Aston Martin, Asos, Barrett Devs, Capita, Firstgroup, Greggs, British Airways, Just Eat, Marks and Spencer, Ocado Plc, Primary Health, Rolls Royce, Spirent Comms, Tullow, The Trainline, Taylor Wimpey,

LSE:AML Aston Martin. Close Mid-Price: 224.2 Percentage Change: + 4.18% Day High: 233 Day Low: 219.4

Further movement against Aston Martin ABOVE 233 should improve accelerati ……..

Subscribe for more

</p

View Previous Aston Martin & Big Picture ***

LSE:ASC Asos. Close Mid-Price: 395.6 Percentage Change: + 0.00% Day High: 409.4 Day Low: 389.6

Continued trades against ASC with a mid-price ABOVE 409.4 should improve ……..

Subscribe for more

</p

View Previous Asos & Big Picture ***

LSE:BDEV Barrett Devs Close Mid-Price: 472.8 Percentage Change: -0.04% Day High: 485.4 Day Low: 471.3

Target met. All Barrett Devs needs are mid-price trades ABOVE 485.4 to im ……..

Subscribe for more

</p

View Previous Barrett Devs & Big Picture ***

LSE:CPI Capita. Close Mid-Price: 19.04 Percentage Change: + 0.11% Day High: 19.79 Day Low: 18.72

Target met. All Capita needs are mid-price trades ABOVE 19.79 to improve ……..

Subscribe for more

</p

View Previous Capita & Big Picture ***

LSE:FGP Firstgroup. Close Mid-Price: 176.3 Percentage Change: + 3.10% Day High: 175.3 Day Low: 171.2

Target met. Continued trades against FGP with a mid-price ABOVE 175.3 sho ……..

Subscribe for more

</p

View Previous Firstgroup & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2612 Percentage Change: + 0.54% Day High: 2636 Day Low: 2590

Target met. In the event of Greggs enjoying further trades beyond 2636, t ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:IAG British Airways. Close Mid-Price: 161.05 Percentage Change: + 4.65% Day High: 160.9 Day Low: 154.5

Target met. Continued trades against IAG with a mid-price ABOVE 160.9 sho ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

LSE:JET Just Eat. Close Mid-Price: 1290 Percentage Change: + 3.04% Day High: 1310 Day Low: 1243

Target met. Continued trades against JET with a mid-price ABOVE 1310 shou ……..

Subscribe for more

</p

View Previous Just Eat & Big Picture ***

LSE:MKS Marks and Spencer. Close Mid-Price: 255.1 Percentage Change: + 0.63% Day High: 258.7 Day Low: 252.8

All Marks and Spencer needs are mid-price trades ABOVE 258.7 to improve a ……..

Subscribe for more

</p

View Previous Marks and Spencer & Big Picture ***

LSE:OCDO Ocado Plc. Close Mid-Price: 596.2 Percentage Change: + 5.60% Day High: 618.4 Day Low: 536.6

Further movement against Ocado Plc ABOVE 618.4 should improve acceleratio ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

LSE:PHP Primary Health Close Mid-Price: 100.6 Percentage Change: -0.79% Day High: 104.5 Day Low: 98.8

In the event of Primary Health enjoying further trades beyond 104.5, the ……..

Subscribe for more

</p

View Previous Primary Health & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 243.6 Percentage Change: + 1.92% Day High: 244 Day Low: 239

In the event of Rolls Royce enjoying further trades beyond 244, the share ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

LSE:SPT Spirent Comms. Close Mid-Price: 106.6 Percentage Change: + 0.66% Day High: 108.3 Day Low: 101.4

Target met. All Spirent Comms needs are mid-price trades ABOVE 108.3 to i ……..

Subscribe for more

</p

View Previous Spirent Comms & Big Picture ***

LSE:TLW Tullow. Close Mid-Price: 36.94 Percentage Change: + 10.27% Day High: 37.46 Day Low: 33.6

Further movement against Tullow ABOVE 37.46 should improve acceleration t ……..

Subscribe for more

</p

View Previous Tullow & Big Picture ***

LSE:TRN The Trainline. Close Mid-Price: 296.8 Percentage Change: + 2.34% Day High: 302.8 Day Low: 286.8

Further movement against The Trainline ABOVE 302.8 should improve acceler ……..

Subscribe for more

</p

View Previous The Trainline & Big Picture ***

LSE:TW. Taylor Wimpey Close Mid-Price: 123.55 Percentage Change: -0.48% Day High: 128.1 Day Low: 123.85

All Taylor Wimpey needs are mid-price trades ABOVE 128.1 to improve accel ……..

Subscribe for more

</p

View Previous Taylor Wimpey & Big Picture ***

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

#FTSE #Nasdaq We’ve had a bunch of emails asking for our take on what’s happening with GSTechnologies share price.  Certainly, the most recent three sessions have proven buoyant with some quite odd share price movements with the share flamboyantly breaking through the downtrend since the start of 2021. We’re always more than a little sceptical about companies in the Fintech field as too often, they’re awash with buzzwords but otherwise lacking in substance.

The appears not to be the case with GST.L, the visuals indicating quite a strong potential for ongoing recovery as despite some sizeable intraday variations in the share price, quite a lot of care has been taken to avoid the price dropping below the level of the trend break. This tends imply the market has “a cunning plan”, thus giving hope for the fairly near term.

As always, we’ve a converse scenario available and with the level of trend break being roughly 1.094p, movement below such a level calculates with the risk of reversal to an initial 1p with secondary, if broken, working out at an eventual “bottom” of 0.66p. This is a price target we cannot calculate below and visually would indicate whatever has driven the price upward has been a complete waste of everyone’s time, returning the share value to the zone where it has inhabited the last 4 months.

 

However, in the case of GST, our inclination is toward optimism as it looks very like anything now capable of achieving above 2.06p should trigger further price recovery to an initial 2.51p with our longer term secondary, if exceeded, calculating at an impressive 2.77p. Visually, the chart suggests we should anticipate some hesitation around the 2.77p level, if achieved.

Hopefully the UK announce some inflation data which justifies party time for the UK markets, similar to occurrences everywhere else on Tuesday with the USA proving quite positive.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:05:13PM	BRENT	82.31
9:11:37PM	GOLD	1964.16									Success
9:14:06PM	FTSE	7434.75									‘cess
9:17:57PM	STOX50	4297.8	4231	4207	4174	4253	4306	4355	4408	4235	Success
9:20:10PM	GERMANY	15622.95									Success
9:24:40PM	US500	4499.38									‘cess
9:37:30PM	DOW	34853									Success
9:40:29PM	NASDAQ	15829	15712	15665	15601	15790	15857	15880	15920	15804	Success
9:43:26PM	JAPAN	33210									Success

 

14/11/2023 FTSE Closed at 7440 points. Change of 0.2%. Total value traded through LSE was: £ 5,492,695,208 a change of 7.64%

13/11/2023 FTSE Closed at 7425 points. Change of 0.88%. Total value traded through LSE was: £ 5,102,955,229 a change of 1.94%

10/11/2023 FTSE Closed at 7360 points. Change of -1.27%. Total value traded through LSE was: £ 5,005,893,152 a change of 2.35%

9/11/2023 FTSE Closed at 7455 points. Change of 0.73%. Total value traded through LSE was: £ 4,890,859,412 a change of -30.52%

8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%

7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%

6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BLOE Block Energy PLC** **LSE:BLVN Bowleven** **LSE:CCL Carnival** **LSE:CPI Capita** **LSE:FGP Firstgroup** **LSE:GRG Greggs** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:SPT Spirent Comms** **

********

Updated charts published on : Barrett Devs, Block Energy PLC, Bowleven, Carnival, Capita, Firstgroup, Greggs, ITV, Just Eat, Marks and Spencer, Ocado Plc, Primary Health, Spirent Comms,

LSE:BDEV Barrett Devs. Close Mid-Price: 473 Percentage Change: + 5.06% Day High: 474.9 Day Low: 446.8

Further movement against Barrett Devs ABOVE 474.9 should improve accelera ……..

Subscribe for more

</p

View Previous Barrett Devs & Big Picture ***

LSE:BLOE Block Energy PLC Close Mid-Price: 0.95 Percentage Change: -2.56% Day High: 0.98 Day Low: 0.95

Weakness on Block Energy PLC below 0.95 will invariably lead to 0.90p wit ……..

Subscribe for more

</p

View Previous Block Energy PLC & Big Picture ***

LSE:BLVN Bowleven. Close Mid-Price: 0.5 Percentage Change: + 0.00% Day High: 0.5 Day Low: 0.48

Continued weakness against BLVN taking the price below 0.48 calculates as ……..

Subscribe for more

</p

View Previous Bowleven & Big Picture ***

LSE:CCL Carnival. Close Mid-Price: 1000.5 Percentage Change: + 7.95% Day High: 1006.5 Day Low: 923

Continued trades against CCL with a mid-price ABOVE 1006.5 should improve ……..

Subscribe for more

</p

View Previous Carnival & Big Picture ***

LSE:CPI Capita. Close Mid-Price: 19.02 Percentage Change: + 7.03% Day High: 19.08 Day Low: 17.2

Target met. Further movement against Capita ABOVE 19.08 should improve ac ……..

Subscribe for more

</p

View Previous Capita & Big Picture ***

LSE:FGP Firstgroup. Close Mid-Price: 171 Percentage Change: + 3.57% Day High: 170.5 Day Low: 163.9

All Firstgroup needs are mid-price trades ABOVE 170.5 to improve accelera ……..

Subscribe for more

</p

View Previous Firstgroup & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2598 Percentage Change: + 2.36% Day High: 2608 Day Low: 2526

Continued trades against GRG with a mid-price ABOVE 2608 should improve t ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:ITV ITV. Close Mid-Price: 59.92 Percentage Change: + 0.67% Day High: 60.52 Day Low: 59.04

If ITV experiences continued weakness below 59.04, it will invariably lea ……..

Subscribe for more

</p

View Previous ITV & Big Picture ***

LSE:JET Just Eat. Close Mid-Price: 1252 Percentage Change: + 8.68% Day High: 1250 Day Low: 1152

Target met. Further movement against Just Eat ABOVE 1250 should improve a ……..

Subscribe for more

</p

View Previous Just Eat & Big Picture ***

LSE:MKS Marks and Spencer. Close Mid-Price: 253.5 Percentage Change: + 1.00% Day High: 253.7 Day Low: 249

Target met. In the event of Marks and Spencer enjoying further trades bey ……..

Subscribe for more

</p

View Previous Marks and Spencer & Big Picture ***

LSE:OCDO Ocado Plc. Close Mid-Price: 564.6 Percentage Change: + 10.10% Day High: 596.2 Day Low: 505

Target met. All Ocado Plc needs are mid-price trades ABOVE 596.2 to impro ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

LSE:PHP Primary Health. Close Mid-Price: 101.4 Percentage Change: + 7.42% Day High: 101.6 Day Low: 92.4

Continued trades against PHP with a mid-price ABOVE 101.6 should improve ……..

Subscribe for more

</p

View Previous Primary Health & Big Picture ***

LSE:SPT Spirent Comms. Close Mid-Price: 105.9 Percentage Change: + 5.06% Day High: 106.6 Day Low: 101.5

In the event of Spirent Comms enjoying further trades beyond 106.6, the s ……..

Subscribe for more

</p

View Previous Spirent Comms & Big Picture ***

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

#Gold #SP500 Sometimes a share price can perform in surprising ways and over the years, we’ve learned to pay attention to some specific movements. At present, Prudential Plc are exhibiting one of these dance movements which perhaps shall become an early warning signal for some movement of strength.  In this instance, we’ve drawn a circle on the chart where the share price appears to be reacting to the downtrend for 2023 and visually, there seems to be no reason for this.

When this phenomena occurs, it costs nothing to keep an eye on the share price, especially as next time it exceeds the downtrend there’s a heightened chance of an upward spike and usually it’s one which shall stick. In the case of Prudential, exceeding Blue at 925.91 presently, will serve to introduce the potential of gains to an initial 1004p with our longer term secondary, if exceeded, calculating at a future 1189p. Obviously, we are being a touch cautious here as just because the share price is following the downtrend from afar, there’s no certainty it will indeed shoot higher. But then again, this is the stock market, a field where the word “certainty” should be banned, perhaps replaced with “balance of probabilities!”

Overall, should Prudential share price successfully manage to close a session above Blue, we can calculate a long term attraction as coming from 1499p.

 

Our alternate scenario for Prudential questions the drop potentials, if the share price were to discover an excuse to break below Red on the chart. Currently this level is around 817p and movement below such a point risks triggering reversals to an initial 697p with our secondary, if such a level breaks, working out at a silly looking future 465p.

Our inclination, for now, is to lean on the side of optimism.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:51:36PM	BRENT	8242.1
10:55:50PM	GOLD	1945.92	1943	1933	1922	1950	1950	1955	1962	1945
10:58:31PM	FTSE	7430.9
11:00:57PM	STOX50	4234.6
11:03:59PM	GERMANY	15367									‘cess
11:06:44PM	US500	4412.3	4404	4397	4388	4414	4420	4424	4428	4409
11:09:09PM	DOW	34343
11:11:29PM	NASDAQ	15493.6
11:14:38PM	JAPAN	32796

 

13/11/2023 FTSE Closed at 7425 points. Change of 0.88%. Total value traded through LSE was: £ 5,102,955,229 a change of 1.94%

10/11/2023 FTSE Closed at 7360 points. Change of -1.27%. Total value traded through LSE was: £ 5,005,893,152 a change of 2.35%

9/11/2023 FTSE Closed at 7455 points. Change of 0.73%. Total value traded through LSE was: £ 4,890,859,412 a change of -30.52%

8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%

7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%

6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%

3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%

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

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

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

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

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

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

Click Epic to jump to share: LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:JET Just Eat** **LSE:RR. Rolls Royce** **LSE:STAR Star Energy** **

********

Updated charts published on : Firstgroup, Foxtons, Fresnillo, Gulf Keystone, Greggs, Just Eat, Rolls Royce, Star Energy,

LSE:FGP Firstgroup. Close Mid-Price: 165.1 Percentage Change: + 0.06% Day High: 167.8 Day Low: 164

Target met. In the event of Firstgroup enjoying further trades beyond 167 ……..

Subscribe for more

</p

View Previous Firstgroup & Big Picture ***

LSE:FOXT Foxtons. Close Mid-Price: 40 Percentage Change: + 2.43% Day High: 41.15 Day Low: 39

All Foxtons needs are mid-price trades ABOVE 41.15 to improve acceleratio ……..

Subscribe for more

</p

View Previous Foxtons & Big Picture ***

LSE:FRES Fresnillo. Close Mid-Price: 517.8 Percentage Change: + 0.23% Day High: 521.4 Day Low: 511.6

There seems to be something very wrong with this share price as weakness n ……..

Subscribe for more

</p

View Previous Fresnillo & Big Picture ***

LSE:GKP Gulf Keystone. Close Mid-Price: 138.4 Percentage Change: + 17.69% Day High: 142.2 Day Low: 120.9

Target met. Continued trades against GKP with a mid-price ABOVE 142.2 sho ……..

Subscribe for more

</p

View Previous Gulf Keystone & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2538 Percentage Change: + 0.00% Day High: 2574 Day Low: 2530

Further movement against Greggs ABOVE 2574 should improve acceleration to ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:JET Just Eat. Close Mid-Price: 1152 Percentage Change: + 4.44% Day High: 1155 Day Low: 1108

In the event of Just Eat enjoying further trades beyond 1155, the share s ……..

Subscribe for more

</p

View Previous Just Eat & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 240.2 Percentage Change: + 3.53% Day High: 240.2 Day Low: 232.6

Target met. Further movement against Rolls Royce ABOVE 240.2 should impro ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

LSE:STAR Star Energy Close Mid-Price: 9.98 Percentage Change: -3.94% Day High: 10.4 Day Low: 9.51

Weakness on Star Energy below 9.51 will invariably lead to 8p with second ……..

Subscribe for more

</p

View Previous Star Energy & Big Picture ***

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

#Brent_Futures #Dax Every now and then, something good happens. It can be as simple as making “the perfect coffee”, a rare moment in time when the combination of ingredients was ideal and producing that 1 in 1000 cuppa.  But for someone with a little tractor,  fitting the grass cutting attachment the day before a frost dusted the lawn was my own perfect moment. Finally the green stuff would be neatly cut for the coming winter but of course, the trees dumped several tons of leaves on the garden shortly thereafter!

For years, I’d tried to give the sodding grass a “final” cut and for years, the weather always looked at my efforts and sniggers, choosing to spend the next three weeks raining with moderate temperatures, encouraging the grass to grow again. But this year, I got it, the cutting set at level 10 as it scoured the grass, spitting the mulched greenery out faster than a Metropolitan policeman chasing an excuse to do nothing.

 

Lloyds continue to avoid giving investors anything approaching “a perfect moment”, their share price breaking our previous 40.1p target level, eventually bouncing unconvincingly from 39.5p. Currently, any bounce needs reach a little higher as it looks like the share now needs above 42.5p to hopefully trigger recovery to a tame 43.3p with our secondary, if this level is exceeded, calculating at 45p. The visuals certainly support a visit to the 45p level but with closure around such a point, something significant is possible as the price will exceed the downtrend for 2023, dumping the price in a zone where a future attraction from 51.2p allegedly becomes possible.

It’s still the case we hope for the day when the market opts to gap this share price above a downtrend as this should send a pretty solid message of future gains being anticipated. But for now, this share price appears destined to spend time fluttering around in the range from 40 to 50p.

 

Our alternate scenario is now the risk of weakness below 40p bringing the price back down to an initial 38.8 with secondary, if broken, at 35.5p, a price level from which a bounce would be ideal. There’s a further danger should 35.5p as our “ultimate bottom” for Lloyds now calculates at 28.75p, this being the price level below which we cannot calculate.

 

 

---

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:46:41PM	BRENT	8141	7948	7802	7313	8174	8184	8284	8413	8109
9:49:08PM	GOLD	1937								1943
10:02:23PM	FTSE	7402								7386
10:07:55PM	STOX50	4230.3								4194
10:09:58PM	GERMANY	15325.9	15171	15128	15047	15262	15336	15373	15440	15265
10:11:47PM	US500	4408								4384
10:13:27PM	DOW	34225.5								34135
10:16:52PM	NASDAQ	15511.6								15435
10:19:42PM	JAPAN	32811								32801

10/11/2023 FTSE Closed at 7360 points. Change of -1.27%. Total value traded through LSE was: £ 5,005,893,152 a change of 2.35%

9/11/2023 FTSE Closed at 7455 points. Change of 0.73%. Total value traded through LSE was: £ 4,890,859,412 a change of -30.52%

8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%

7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%

6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%

3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%

2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%

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:DGE Diageo** **LSE:FGP Firstgroup** **LSE:ITM ITM Power** **LSE:ITV ITV** **

********

Updated charts published on : Anglo American, Astrazeneca, Diageo, Firstgroup, ITM Power, ITV,

LSE:AAL Anglo American Close Mid-Price: 2018.5 Percentage Change: -2.77% Day High: 2055.5 Day Low: 1982

Weakness on Anglo American below 1982 will invariably lead to 1975p with ……..

Subscribe for more

</p

View Previous Anglo American & Big Picture ***

LSE:AZN Astrazeneca Close Mid-Price: 10090 Percentage Change: -3.32% Day High: 10404 Day Low: 10028

Target met. In the event Astrazeneca experiences weakness below 10028 it ……..

Subscribe for more

</p

View Previous Astrazeneca & Big Picture ***

LSE:DGE Diageo Close Mid-Price: 2850 Percentage Change: -12.17% Day High: 2998.5 Day Low: 2719

Target met. If Diageo experiences continued weakness below 2719, it will ……..

Subscribe for more

</p

View Previous Diageo & Big Picture ***

LSE:FGP Firstgroup Close Mid-Price: 165 Percentage Change: -0.24% Day High: 166 Day Low: 163.2

Further movement against Firstgroup ABOVE 166 should improve acceleration ……..

Subscribe for more

</p

View Previous Firstgroup & Big Picture ***

LSE:ITM ITM Power Close Mid-Price: 57.56 Percentage Change: -6.95% Day High: 62.22 Day Low: 56.7

Target met. Continued weakness against ITM taking the price below 56.7 ca ……..

Subscribe for more

</p

View Previous ITM Power & Big Picture ***

LSE:ITV ITV Close Mid-Price: 59.72 Percentage Change: -3.37% Day High: 61.1 Day Low: 59.52

In the event ITV experiences weakness below 59.52 it calculates with a dr ……..

Subscribe for more

</p

View Previous ITV & Big Picture ***

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

#FTSE #Gold A story in the FT worth paying attention to was the news corporate bankruptcies in the US are expected to reach their highest level since 2010, while in the UK and Europe, things have already hit the fan with insolvencies at a record high for the period since 2009. Unsurprisingly, the problem is being blamed on interest rates and over the next few years, things are not expected to improve.

Surely this issue is liable to effect the markets, both with an increased loss of confidence in “things” along with increased unemployment as companies eat themselves alive, trying to cope with the affect of predatory interest rates. This is almost certainly due to governments proving sufficiently gullible to believe central banks, telling them interest rates deal with inflation. The concept of banks controlling what’s best for banks is something which truly escapes us, more dangerous than the police investigating themselves or politicians doing similar. Perhaps, if reviewing bank profits, the true beneficiaries of bank interest rates become obvious. After all, while it has become fashionable to shave the preface “bank” away from the term interest rates, the harsh reality of the damage being done is shown by the increase in business bankruptcy, along with the increase in the bottom line for banks. Or in plain English, we’re not hopeful at what the markets hold for 2024, due to an excess number of shares hitting reversal triggers.

Who knows, maybe Santa will bring some relief…

 

Our inclination is to take the circled area on the chart as an ‘early warning signal’ for trouble ahead, essentially expecting any future break below Red to provoke sharp and severe reversals. Currently, this level is at 7368.873 points, a number and trend confirmed by the FTSE low on Thursday at 7367.21 points. But for now, it looks like Friday is supposed to be a day with some further recovery on the FTSE.

Now above just 7466 points (it closed Thursday at 7455) allows for market gains continuing to an initial 7500 points, doubtless with some inevitable hesitation as traders assume any nice solid number like 7500 shall be imbued with mystical properties. Our secondary, should such a level be exceeded, calculates up at 7550 points and very probable real hesitation. If triggered, our tightest stop is at 7407 points but, to be fair, it’s possible 7422 shall suffice.

 

Our alternate scenario, if a tumble into a pool of sharks is planned, allows weakness below 7422 to bring a visit down to an initial 7399 points with our secondary, if broken, at 7347 and no certainty of a rebound as the index shall find itself with a toe in the pool full of sharks!

 

Despite the entertainment emptiness, facing a weekend without Formula 1, have a good break. Here, we’ve noticed road gritters out tonight, covering local roads TWICE. Maybe the grass is indeed at the end of the cutting season, depriving the need to spend time on my little red, single seater, tractor.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:58:54PM	BRENT	79.8	79.27	78.14		80.28	81.69	82.42		80.6
10:02:07PM	GOLD	1957.42	1944	1926		1965	1968	1975		1948	Success
10:04:26PM	FTSE	7429	7365	7349		7418	7465	7482		7418	Shambles
10:06:36PM	STOX50	4210.3	4171	4148		4159	4235	4247		4200	‘cess
10:15:55PM	GERMANY	15284	15195	15137		15256	15343	15375		15264	Success
10:18:01PM	US500	4350	4343	4327		4364	4399	4424		4359	‘cess
10:20:53PM	DOW	33915.7	33839	33779		34026	34223	34256		34078	‘cess
10:25:08PM	NASDAQ	15192	15220	15132		15285	15356	15410		15274	Shambles
10:27:01PM	JAPAN	32523	32497	32345		32736	32879	32965		32645

 

9/11/2023 FTSE Closed at 7455 points. Change of 0.73%. Total value traded through LSE was: £ 4,890,859,412 a change of -30.52%

8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%

7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%

6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%

3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%

2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%

1/11/2023 FTSE Closed at 7342 points. Change of 0.29%. Total value traded through LSE was: £ 4,632,018,053 a change of -20.08%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AZN Astrazeneca** **LSE:BDEV Barrett Devs** **LSE:CPI Capita** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:JET Just Eat** **LSE:SCLP Scancell** **LSE:SPT Spirent Comms** **

********

Updated charts published on : Astrazeneca, Barrett Devs, Capita, Greggs, British Airways, ITM Power, Just Eat, Scancell, Spirent Comms,

LSE:AZN Astrazeneca. Close Mid-Price: 10436 Percentage Change: + 2.62% Day High: 10600 Day Low: 10274

Further movement against Astrazeneca ABOVE 10600 should improve accelerat ……..

Subscribe for more

</p

View Previous Astrazeneca & Big Picture ***

LSE:BDEV Barrett Devs. Close Mid-Price: 457.4 Percentage Change: + 2.01% Day High: 458 Day Low: 446.2

Target met. In the event of Barrett Devs enjoying further trades beyond 4 ……..

Subscribe for more

</p

View Previous Barrett Devs & Big Picture ***

LSE:CPI Capita. Close Mid-Price: 18.32 Percentage Change: + 2.23% Day High: 18.49 Day Low: 17.85

In the event of Capita enjoying further trades beyond 18.49, the share sh ……..

Subscribe for more

</p

View Previous Capita & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2546 Percentage Change: + 0.47% Day High: 2570 Day Low: 2520

All Greggs needs are mid-price trades ABOVE 2570 to improve acceleration ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:IAG British Airways. Close Mid-Price: 154.5 Percentage Change: + 1.15% Day High: 154.8 Day Low: 151.7

In the event of British Airways enjoying further trades beyond 154.8, th ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

LSE:ITM ITM Power Close Mid-Price: 61.86 Percentage Change: -0.19% Day High: 63 Day Low: 61

Weakness on ITM Power below 61 will invariably lead to 60p with secondary ……..

Subscribe for more

</p

View Previous ITM Power & Big Picture ***

LSE:JET Just Eat. Close Mid-Price: 1143 Percentage Change: + 2.51% Day High: 1147 Day Low: 1101

Target met. All Just Eat needs are mid-price trades ABOVE 1147 to improve ……..

Subscribe for more

</p

View Previous Just Eat & Big Picture ***

LSE:SCLP Scancell Close Mid-Price: 11.88 Percentage Change: -1.04% Day High: 12 Day Low: 11.5

If Scancell experiences continued weakness below 11.5, it will invariably ……..

Subscribe for more

</p

View Previous Scancell & Big Picture ***

LSE:SPT Spirent Comms. Close Mid-Price: 104 Percentage Change: + 5.26% Day High: 104.5 Day Low: 99.5

Further movement against Spirent Comms ABOVE 104.5 should improve acceler ……..

Subscribe for more

</p

View Previous Spirent Comms & Big Picture ***

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

GBP vs USD & Brent Crude  (FX:GBPUSD & CCOM:OILBRENT) When we previously reviewed the Pound / US Dollar relationship in September, we warned of the importance of a drop target at 1.2081. The chart inset below shows this was achieved on October 3rd, the pairing closing the session at 1.2076, a treacherous 5/10,000’s below our target and thus, one we’re inclined to ignore. Obviously, we can be accused of being a little hypocritical, choosing to ignore one of our targets being broken and we’d agree, especially as the bounce hasn’t yet confirmed “bottom” is in.

For “bottom” to be confirmed, the price needs exceed 1.2375 as this should provoke recovery to an initial 1.2575. Should such a level be beaten, our secondary calculation works out at 1.2905 and closure above such a point will suggest some strong recovery during the next year.

If things intend go wrong for the pairing, below 1.2123 risks triggering reversal down to an initial 1.1937 with our secondary, if broken, calculating down at 1.1501

Brent Crude The current reversal cycle on the price of Crude is really making us wait for the next contrived excuse to keep prices high. Will it be a Saudi refinery failing, Russia threatening some sort of embargo, or the US declaring reserves are dangerously low? We’re cynical but historically, there has been a certain link between falling prices and manufactured headlines, attempting to keep crude oil high. It appears the market has ideas of its own though, recent reversals placing the price of Brent in a place where there’s a strong visual argument implying more trouble.

Below just 79.18 should now trigger reversals to an initial 77.81 with secondary, if broken, at 72.36 and perhaps a bounce. However, we do need point out such a reversal cycle places the price of Brent in a zone, where a constant reversal cycle down to an eventual 57 dollars makes a lot of sense.

It will certainly be interesting, how long this weakness takes to translate into sane fuel prices?

 

Any serious attempt to escape the current reversal cycle needs the price of Brent to exceed 84.5 dollars to convince us. This risks triggering gains to an initial 88 with our secondary, if exceeded, an eventual 95 and some hesitation, due to the historical presence of prior highs.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:17:55PM	BRENT	7940
10:20:44PM	GOLD	1949.83	1947	1934	1909	1958	1958	1960	1964	1952	‘cess
10:29:52PM	FTSE	7381.2
10:43:48PM	STOX50	4174.3									Success
10:46:27PM	GERMANY	15203.8									Success
10:50:08PM	US500	4376.4
10:53:31PM	DOW	34102	33981	33882	33757	34105	34170	34201	34270	34088
10:59:35PM	NASDAQ	15285
11:02:31PM	JAPAN	32306									‘cess

 

8/11/2023 FTSE Closed at 7401 points. Change of -0.12%. Total value traded through LSE was: £ 7,039,129,505 a change of 60.87%

7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%

6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%

3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%

2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%

1/11/2023 FTSE Closed at 7342 points. Change of 0.29%. Total value traded through LSE was: £ 4,632,018,053 a change of -20.08%

31/10/2023 FTSE Closed at 7321 points. Change of -0.08%. Total value traded through LSE was: £ 5,795,517,732 a change of 15.68%

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:GENL Genel** **LSE:GRG Greggs** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:TERN Tern Plc** **LSE:TRN The Trainline** **

********

Updated charts published on : Asos, Genel, Greggs, ITM Power, ITV, Marks and Spencer, Rolls Royce, Scancell, Tern Plc, The Trainline,

LSE:ASC Asos Close Mid-Price: 391.8 Percentage Change: -1.53% Day High: 404.9 Day Low: 389.2

All Asos needs are mid-price trades ABOVE 404.9 to improve acceleration t ……..

Subscribe for more

</p

View Previous Asos & Big Picture ***

LSE:GENL Genel Close Mid-Price: 75.1 Percentage Change: -2.09% Day High: 77.3 Day Low: 74.4

In the event Genel experiences weakness below 74.4 it calculates with a d ……..

Subscribe for more

</p

View Previous Genel & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2534 Percentage Change: + 0.64% Day High: 2564 Day Low: 2484

In the event of Greggs enjoying further trades beyond 2564, the share sho ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:ITM ITM Power Close Mid-Price: 61.98 Percentage Change: -3.00% Day High: 64.74 Day Low: 62.02

In the event ITM Power experiences weakness below 62.02 it calculates wit ……..

Subscribe for more

</p

View Previous ITM Power & Big Picture ***

LSE:ITV ITV Close Mid-Price: 61.68 Percentage Change: -5.98% Day High: 62.46 Day Low: 60.9

Target met. Continued weakness against ITV taking the price below 60.9 ca ……..

Subscribe for more

</p

View Previous ITV & Big Picture ***

LSE:MKS Marks and Spencer. Close Mid-Price: 244.1 Percentage Change: + 8.39% Day High: 250.8 Day Low: 238.2

Continued trades against MKS with a mid-price ABOVE 250.8 should improve ……..

Subscribe for more

</p

View Previous Marks and Spencer & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 232.4 Percentage Change: + 2.83% Day High: 236.7 Day Low: 227.7

Target met. Continued trades against RR. with a mid-price ABOVE 236.7 sho ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

LSE:SCLP Scancell Close Mid-Price: 12 Percentage Change: -2.04% Day High: 12.25 Day Low: 11.75

In the event Scancell experiences weakness below 11.75 it calculates with ……..

Subscribe for more

</p

View Previous Scancell & Big Picture ***

LSE:TERN Tern Plc Close Mid-Price: 4.25 Percentage Change: -10.53% Day High: 4.5 Day Low: 3.75

Target met. If Tern Plc experiences continued weakness below 3.75, it wil ……..

Subscribe for more

</p

View Previous Tern Plc & Big Picture ***

LSE:TRN The Trainline. Close Mid-Price: 291.2 Percentage Change: + 2.39% Day High: 299.8 Day Low: 278.4

All The Trainline needs are mid-price trades ABOVE 299.8 to improve accel ……..

Subscribe for more

</p

View Previous The Trainline & Big Picture ***

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

#FTSE #Stoxx50 We’ve had a flurry of email requests and decided to bundle these two together as they are completely diverse. Chemring, a company which should flourish in an era of armed conflict and Eurobox, a company whose only area of conflict is with good taste. Their existence is based on the hideous modern design of warehouses, the big flat box design forgetting humans have to interact with the lack of visual aesthetics.

By all means, the interior shape should be logical but the exterior could reflect tasteful architecture rather than exhibit less design than an empty Amazon box. However, it’s easy to suspect we shall witness more of this abandonment of taste as the current demise of “WeWork” permeates, the move to working from home rendering city tower offices a thing of the past in an incredibly short period of time. But nothing is standing in the way of these flat pack office complexes, quickly thrown up in the suburbs.

 

There’s a particular type of price reversal we intensely dislike, often suspecting it’s to do with market manipulation rather than any solid excuse for reversal. Obviously, this is the UK and as such, such a scenario is impossible, but if it were to happen, Ebox presents a perfect “case in point”. Logically it shouldn’t have reached the 43p level recently but it did, thanks to what feels like a very obvious level of manual control. The 43p level has certainly provoked a half hearted bounce but the greater danger comes with any future break of 43p as further reversal to an ultimate bottom 34p is expected, along with another attempt at a rebound.

However, the lacklustre bounce from 43p does provide some immediate hope as above 51p now calculates with the potential of a lift to an initial 56p with our longer term secondary, if exceeded, coming in at a more useful 70p, along with some hesitation in any rise, if only due to the share price experiencing historical reticence at such a level. This time around, we’d suspect any stutters shall prove to be short lived as the price shall be viewed as breaking free from the downtrend since the start of 2022.

 

Chemring Group, doubtless doing well due to the wars taking place, have a website which is surely worth a visit. They are a company we’ve long known about, yet been unaware of the extent to their activities. They even make the countermeasure flares for F-35 aircraft, probably the most sophisticated fireworks on the planet. From a personal perspective, it’s nice how they reframe the word “explosive” as “energetic materials”, making me wonder if I could get away with describing one of my compressed air cola bottle targets as “an energetic material” when it detonates with a flurry of chalk powder going everywhere. Somehow, it’s doubtful my wife would accept the name change for the hysterical bang.

 

Their share price has proven quite tranquil during 2023. From looking at the pattern of price movement, it looks like the share need only exceed 299p to trigger fairly near term gains to an initial 325p with out longer term secondary, if exceeded, working out at a future 365p.

If everything intends go wrong, the share price requires to descend below 265p to potentially trigger reversal to an initial 235p with our secondary, if broken, calculating at an impossible looking 130p. Who knows, it may be the case military organisations are still using their stored “energetic materials” and fireworks, not yet in the position of re-ordering stocks for their warehouses?

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:21:52PM	BRENT	81.6									Success
9:25:25PM	GOLD	1969.29									Success
9:54:04PM	FTSE	7407	7394	7385	7368	7414	7438	7460	7482	7407
9:57:04PM	STOX50	4153	4133	4120	4095	4163	4168	4175	4189	4142	‘cess
10:03:51PM	GERMANY	15158									Shambles
10:06:21PM	US500	4383
10:08:38PM	DOW	34171.9
10:10:41PM	NASDAQ	15308									‘cess
10:13:26PM	JAPAN	32478									Success

 

7/11/2023 FTSE Closed at 7410 points. Change of -0.09%. Total value traded through LSE was: £ 4,375,663,657 a change of 7.72%

6/11/2023 FTSE Closed at 7417 points. Change of 0%. Total value traded through LSE was: £ 4,062,204,136 a change of -15.12%

3/11/2023 FTSE Closed at 7417 points. Change of -0.39%. Total value traded through LSE was: £ 4,785,653,725 a change of -23.42%

2/11/2023 FTSE Closed at 7446 points. Change of 1.42%. Total value traded through LSE was: £ 6,249,429,649 a change of 34.92%

1/11/2023 FTSE Closed at 7342 points. Change of 0.29%. Total value traded through LSE was: £ 4,632,018,053 a change of -20.08%

31/10/2023 FTSE Closed at 7321 points. Change of -0.08%. Total value traded through LSE was: £ 5,795,517,732 a change of 15.68%

30/10/2023 FTSE Closed at 7327 points. Change of 0.49%. Total value traded through LSE was: £ 5,010,011,648 a change of 25.72%

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:BDEV Barrett Devs** **LSE:CPI Capita** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **

********

Updated charts published on : Asos, Astrazeneca, Barrett Devs, Capita, Quadrise, Rolls Royce,

LSE:ASC Asos. Close Mid-Price: 397.9 Percentage Change: + 2.10% Day High: 403 Day Low: 386.3

In the event of Asos enjoying further trades beyond 403, the share should ……..

Subscribe for more

</p

View Previous Asos & Big Picture ***

LSE:AZN Astrazeneca Close Mid-Price: 10230 Percentage Change: -0.45% Day High: 10290 Day Low: 10146

Continued weakness against AZN taking the price below 10146 calculates as ……..

Subscribe for more

</p

View Previous Astrazeneca & Big Picture ***

LSE:BDEV Barrett Devs. Close Mid-Price: 449.7 Percentage Change: + 2.25% Day High: 453.8 Day Low: 437.9

Continued trades against BDEV with a mid-price ABOVE 453.8 should improve ……..

Subscribe for more

</p

View Previous Barrett Devs & Big Picture ***

LSE:CPI Capita. Close Mid-Price: 18.12 Percentage Change: + 0.89% Day High: 18.44 Day Low: 17.68

Continued trades against CPI with a mid-price ABOVE 18.44 should improve ……..

Subscribe for more

</p

View Previous Capita & Big Picture ***

LSE:QED Quadrise. Close Mid-Price: 1.34 Percentage Change: + 9.84% Day High: 1.4 Day Low: 1.24

Further movement against Quadrise ABOVE 1.4 should improve acceleration t ……..

Subscribe for more

</p

View Previous Quadrise & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 226 Percentage Change: + 0.85% Day High: 227.1 Day Low: 223.7

All Rolls Royce needs are mid-price trades ABOVE 227.1 to improve acceler ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

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