Author: T&T Staff

#Gold #SP500 It’s been a year since we reviewed Harbour Energy, a year in which very little of significance has occurred with the share price. This, the largest independent UK oil company, appears capable of ignoring fluctuations in oil prices, the odd war, and shenanigans with Saudi Arabia trying to influence the price of oil. Instead, Harbour has been effectively becalmed.

Perhaps recent news of forthcoming changes in UK licence procedures shall finally provide the impetus for Harbour to do something useful. Apparently, they intend increase capital expenditure and with interests in the United Kingdom, Asia, Africa, and even Mexico, they’ve certainly spread their oily eggs among a lot of baskets and political regimes..

Presently trading around 239p, the share price needs below 229p to risk triggering some reversals to an initial 220p and hopefully a bounce as it once again challenges the level of prior lows. Our secondary, if broken, is at 203p and dangerous, placing the share price in a region where a cycle to an ultimate bottom of 95p could easily commence.

Any attempt to dig the share out of trouble requires the price to exceed Blue on the chart, presently around 259p, to hopefully trigger share price recovery toward an initial 287p with secondary, if exceeded, a longer term 306p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:09:37PM	BRENT	85.08
10:25:53PM	GOLD	1978	1977	1972	1962	1984	1989	1992	1997	1981
10:27:59PM	FTSE	7425.5
10:30:02PM	STOX50	4159
10:32:41PM	GERMANY	15138.97									‘cess
10:35:55PM	US500	4366	4343	4333	4319	4370	4375	4505	4640	4347
10:40:14PM	DOW	34068
10:42:33PM	NASDAQ	15153.08
10:44:53PM	JAPAN	32595

 

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%

27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%

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:BT.A British Telecom** **LSE:IAG British Airways** **LSE:OCDO Ocado Plc** **LSE:OPG OPG Power Ventures** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **

********

Updated charts published on : Asos, British Telecom, British Airways, Ocado Plc, OPG Power Ventures, Quadrise, Rolls Royce,

LSE:ASC Asos. Close Mid-Price: 389.7 Percentage Change: + 4.76% Day High: 393 Day Low: 364

Further movement against Asos ABOVE 393 should improve acceleration towar ……..

Subscribe for more

</p

View Previous Asos & Big Picture ***

LSE:BT.A British Telecom. Close Mid-Price: 124.2 Percentage Change: + 0.04% Day High: 125.15 Day Low: 123.15

All British Telecom needs are mid-price trades ABOVE 125.15 to improve ac ……..

Subscribe for more

</p

View Previous British Telecom & Big Picture ***

LSE:IAG British Airways Close Mid-Price: 149.3 Percentage Change: -0.76% Day High: 153 Day Low: 149.2

All British Airways needs are mid-price trades ABOVE 153 to improve acce ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

LSE:OCDO Ocado Plc Close Mid-Price: 530 Percentage Change: -2.25% Day High: 573.6 Day Low: 532.6

Continued trades against OCDO with a mid-price ABOVE 573.6 should improve ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

LSE:OPG OPG Power Ventures. Close Mid-Price: 12.5 Percentage Change: + 14.68% Day High: 13.75 Day Low: 10.4

Target met. Continued trades against OPG with a mid-price ABOVE 13.75 sho ……..

Subscribe for more

</p

View Previous OPG Power Ventures & Big Picture ***

LSE:QED Quadrise. Close Mid-Price: 1.22 Percentage Change: + 6.09% Day High: 1.24 Day Low: 1.1

Above 1.24 calculates with the potential of a lift to 1.49 with secondary, ……..

Subscribe for more

</p

View Previous Quadrise & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 224.1 Percentage Change: + 1.45% Day High: 225.9 Day Low: 220.6

In the event of Rolls Royce enjoying further trades beyond 225.9, the sha ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

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

#Brent #Dax When Bob Dylan wrote the line; “Speeding like a tumblin’ bullet through a hot New Jersey night.”, personally I thought it’s a bit daft as no sane person would shoot a gun without certainty of achieving target. We’ve a big rule locally; any animal on the shooting range makes it a no fire zone. It’s quite a bit deal, and sometimes disruptive due to red squirrel, deer, wood pigeon all finding it hilarious to parade in front of a frustrated shooter.  Using the gas powered rifle to assassinate a crow or fat pigeon is a big no no.  This is quite a big deal from a personal perspective, designed to keep the range safe and also, so assuage a personal hatred of needlessly killing animals.

Obviously, this personal hysteria dwindles when fishing, as locally, a fish called mackerel appear anxious to be caught. It’s genuinely not unusual to catch more than four of the things at a time but personally, taking more than 20 of the things home is silly as we run out of freezer space. But something funny happened in the garden this weekend while I was fussing with the little red tractor. A movement caught my eye as a large grey coloured rat emerged from below a log shelter.

For every rule, there are exceptions and it transpires rats are my own line in the sand. With indecent haste, after unlocking the gun cabinet, charging the rifle, loading a magazine, the transformation to sharp shooter was complete, sitting on the tractor while watching for the rat to make another appearance.

What the animal didn’t know was years of patience watching the UK’s retail bank sector had provided sufficient reserves of boredom, just waiting for something to happen. In the case of the garden rat, it remained out of sight but the camera which once scanned the front of the house now is positioned at the rear, my phone impatiently waiting for an alert from the movement sensor. Meanwhile, my wife bought some rat poison as she’s working on the basis I shall be too squeamish to pull the trigger, if the monster appears.

 

To get out of their immediate mess, Barclays share price needs close a session above 139p as this should rather neatly eradicate the reversal potentials. Closure above 139p should make surprise recovery to an initial 147p possible with secondary, if exceeded, at 161p and some probable hesitation, judging by the share price history at such a level. Future closure above 161p shall be viewed as quite a big deal, carrying an expectation of share price recovery to 181p and beyond. In the event the market discovers an excuse to gap Barclays up above Blue on the chart, this is almost certain to be a big deal for the longer term as it’s liable to be an early shot signalling proper price recovery.

 

Of course, we’ve an alternate argument, one which is quite painful. Movement now wandering below 129p risks promoting the concept of reversal to an initial 119p with secondary, if broken, at 116p. The proximity of these target levels tends suggest a share price bounce shall be possible, especially as any movement below 116p calculates with an eventual bottom potential at 100p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
10:04:12PM	BRENT	8508	8438	8394	8273	8541	8675	8714	8806	8552
10:06:09PM	GOLD	1992.72
10:12:37PM	FTSE	7406.04
10:15:05PM	STOX50	4180.6
7:29:39PM	GERMANY	15199	15146	15105	15049	15215	15273	15364	15624	15146
7:36:39PM	US500	4360.53
7:40:43PM	DOW	34063
7:46:08PM	NASDAQ	15106
7:52:24PM	JAPAN	32738

 

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%

27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%

26/10/2023 FTSE Closed at 7354 points. Change of -0.81%. Total value traded through LSE was: £ 5,215,729,676 a change of -2.48%

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:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CPI Capita** **LSE:FGP Firstgroup** **LSE:IAG British Airways** **LSE:OCDO Ocado Plc** **LSE:SPT Spirent Comms** **

********

Updated charts published on : Astrazeneca, Barrett Devs, British Telecom, Carclo, Capita, Firstgroup, British Airways, Ocado Plc, Spirent Comms,

LSE:AZN Astrazeneca Close Mid-Price: 10270 Percentage Change: -0.89% Day High: 10364 Day Low: 10162

If Astrazeneca experiences continued weakness below 10162, it will invari ……..

Subscribe for more

</p

View Previous Astrazeneca & Big Picture ***

LSE:BDEV Barrett Devs. Close Mid-Price: 442.4 Percentage Change: + 2.31% Day High: 447.4 Day Low: 431.4

All Barrett Devs needs are mid-price trades ABOVE 447.4 to improve accele ……..

Subscribe for more

</p

View Previous Barrett Devs & Big Picture ***

LSE:BT.A British Telecom. Close Mid-Price: 124.15 Percentage Change: + 5.70% Day High: 123.85 Day Low: 116.7

Continued trades against BT.A with a mid-price ABOVE 123.85 should improv ……..

Subscribe for more

</p

View Previous British Telecom & Big Picture ***

LSE:CAR Carclo Close Mid-Price: 10.15 Percentage Change: -0.98% Day High: 10.9 Day Low: 9.5

Weakness on Carclo below 9.5 will invariably lead to 9.25 with secondary, ……..

Subscribe for more

</p

View Previous Carclo & Big Picture ***

LSE:CPI Capita. Close Mid-Price: 17.77 Percentage Change: + 3.01% Day High: 18.25 Day Low: 17

All Capita needs are mid-price trades ABOVE 18.25 to improve acceleration ……..

Subscribe for more

</p

View Previous Capita & Big Picture ***

LSE:FGP Firstgroup Close Mid-Price: 162.6 Percentage Change: -0.37% Day High: 164.4 Day Low: 160

Continued trades against FGP with a mid-price ABOVE 164.4 should improve ……..

Subscribe for more

</p

View Previous Firstgroup & Big Picture ***

LSE:IAG British Airways. Close Mid-Price: 150.45 Percentage Change: + 1.86% Day High: 151.7 Day Low: 147.85

Further movement against British Airways ABOVE 151.7 should improve acce ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

LSE:OCDO Ocado Plc. Close Mid-Price: 542.2 Percentage Change: + 6.48% Day High: 571.4 Day Low: 508.2

In the event of Ocado Plc enjoying further trades beyond 571.4, the share ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

LSE:SPT Spirent Comms. Close Mid-Price: 100.9 Percentage Change: + 2.96% Day High: 102.1 Day Low: 98.05

Continued trades against SPT with a mid-price ABOVE 102.1 should improve ……..

Subscribe for more

</p

View Previous Spirent Comms & Big Picture ***

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

#FTSE #GOLD We often comment about the markets sense of humour and in this instance, the FTSE has everyone laughing in the aisles. Last Friday, the FTSE made a movement which looked like the first shot in triggering a period of severe reversals with a drop target level around 7100 points. The reversal potentials were even confirmed as recently as Wednesday with the index closing the day at 7342 points, quite literally exactly the level of trend break.

This sort of thing, from our “charty” perspective, is quite a big deal. We always argue if a price closes a session above the level of trend break, in the immediate instance of the FTSE, the market wasn’t giving anything away until Thursday. Despite intraday values scurrying above the trend, we’ve learned to treat a break seriously until such time the market closes above the level of the break and in this instance, it was at 7342 points. As we mentioned, we regard the index as having a sense of humour, often suspecting intraday spikes are designed to confuse traders and in this case, “they” played a blinder. It for this reason we insist on playing safe with our demand to see a price CLOSE above certain levels, rather than blithely trust intraday traffic.

 

The foregoing suggests we should anticipate market gains for Friday, if only due to the FTSE undoing the damage from a week ago. We work on the basis we’re not the only folk with a drawer of Red crayons and it’s likely some optimism will enter the day. If anyone is feeling nervous, we’re happy to supply some “Lucky White Heather” as this year, our garden has produced indecent amounts of the stuff. Though we suspect it’s probably got more to do with the incessant rain here in Argyll… Perhaps also, the fact a personal issue with insect bites ensured the bush beds in the garden were assiduously avoided this year from June onward, the risk of sepsis being a very real issue if further numbers of insects chose to dine on this writers very desirable blood. While this has created an “out of control” visual, a brutal add-on to the garden strimmer is about to resolve the issue and thankfully, we’ve got the sea outside in which to dump plant debris.

In the event the FTSE exceeds 7474 points, ideally NOT with a spike upward in the opening second of trade, it’s liable to trigger market gains in the direction of an initial 7514 points. Should such a level be exceeded, our secondary works out at 7576 points. In a normal situation, we’d be quite reticent about this secondary ambition as the FTSE tends not to be a market which gifts back to back 100+ point days but in this instance, we’ll dispense with our usual cautionary statements, instead hoping for the best. Unfortunately, if positive movement does trigger, the tightest safe stop loss level is quite silly, down at 7360 points. There’s a chance below 7380 will give early warning of things going utterly wrong but, with the level of gains available, ‘with great reward comes great risk’, to paraphrase Spiderman.

 

Below 7360 would certainly be troubling, risking triggering reversal down to an initial 7262 with secondary, if broken, now calculating at 7102 points. Visually this scenario appears unlikely but, as the Covid-19 enquiry is showing, things are rarely what they seem.

 

Have a good weekend and hopefully the Brazil Grand Prix turns out to be a good one.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
8:52:42PM	BRENT	8665	8447	8409		8554	8689	8722		8648	‘cess
8:55:54PM	GOLD	1985.2	1976	1969		1982	1992	1996		1985
8:58:48PM	FTSE	7467.8	7374	7333		7400	7474	7506		7434	Success
9:00:59PM	STOX50	4187	4114	4082		4131	4190	4204		4160
9:09:14PM	GERMANY	15219.4	15122	15093		15192	15228	15263		15124	Success
9:12:41PM	US500	4314.3	4244	4211		4265	4321	4355		4291	Success
9:15:17PM	DOW	33839	33285	33173		33401	33868	33947		33603	Success
9:18:28PM	NASDAQ	14890.9	14706	14683		14783	14941	15112		14836	‘cess
9:21:42PM	JAPAN	32321	31829	31698		31989	32361	32645		32115

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%

27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%

26/10/2023 FTSE Closed at 7354 points. Change of -0.81%. Total value traded through LSE was: £ 5,215,729,676 a change of -2.48%

25/10/2023 FTSE Closed at 7414 points. Change of 0.34%. Total value traded through LSE was: £ 5,348,410,782 a change of 19.98%

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:CPI Capita** **LSE:FGP Firstgroup** **LSE:IAG British Airways** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:TRN The Trainline** **

********

Updated charts published on : Capita, Firstgroup, British Airways, Rolls Royce, Scancell, The Trainline,

LSE:CPI Capita. Close Mid-Price: 17.25 Percentage Change: + 2.01% Day High: 17.44 Day Low: 16.58

Further movement against Capita ABOVE 17.44 should improve acceleration t ……..

Subscribe for more

</p

View Previous Capita & Big Picture ***

LSE:FGP Firstgroup. Close Mid-Price: 163.2 Percentage Change: + 1.56% Day High: 162.3 Day Low: 158.6

Target met. All Firstgroup needs are mid-price trades ABOVE 162.3 to impr ……..

Subscribe for more

</p

View Previous Firstgroup & Big Picture ***

LSE:IAG British Airways. Close Mid-Price: 147.7 Percentage Change: + 2.04% Day High: 149.85 Day Low: 145.85

Continued trades against IAG with a mid-price ABOVE 149.85 should improve ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 223.6 Percentage Change: + 1.50% Day High: 225.6 Day Low: 221.5

Further movement against Rolls Royce ABOVE 225.6 should improve accelerat ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

LSE:SCLP Scancell Close Mid-Price: 12.25 Percentage Change: -1.01% Day High: 12.38 Day Low: 12.12

Continued weakness against SCLP taking the price below 12.12 calculates a ……..

Subscribe for more

</p

View Previous Scancell & Big Picture ***

LSE:TRN The Trainline. Close Mid-Price: 284.2 Percentage Change: + 8.14% Day High: 296 Day Low: 264

Target met. Continued trades against TRN with a mid-price ABOVE 296 shoul ……..

Subscribe for more

</p

View Previous The Trainline & Big Picture ***

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

#Stoxx50 #SP500 When struggling with the decision of what to write about a share, we will often review mentions in Google News as sometimes this can be sufficient to kick start the process of trying to produce an interesting article. Sainsbury, due to release some financial results on Thursday 2nd November, obliged on the news front with the astounding announcement they are about to start selling Pineapples without the green leafy bit.

GB News managed to take first prize in the Clickbait Odds, reporting “Sainsbury rolls out a HUGE change to staple food…”, a truly impressive headline only let down by a story limper than a lettuce racing Liz Truss for longevity. Once choosing to ignore all the “green” nonsense credentials, it transpires it’s cheaper to ship pineapples without their crowns. Doubtless, this is indicative of the lengths the supermarket are willing to take in efforts to reduce costs seamlessly and perhaps an indication of what we should anticipate from their financials. If only they’d do something about their abhorrent self service checkouts.

 

From a near term perspective, it feels like the market are anticipating positive news from Sainsbury. It’s certainly the case movement above 262p calculates with the potential of a lift to 274p with secondary, if exceeded, at 282p. The secondary looks fairly significant, allowing the share price to produce a higher high, along with breaking above the downtrend since 2021. This will result in us believing we have produced a viable third level ambition, one which calculates at a future 323p.

However, if the supermarket sector intends follow the master class of irrational share movements from the Financial Sector, we’d have concerns should the market find itself motivated to break below Red, currently 250p, as this risks traffic down to an initial 240p with secondary, if broken, at 224p. We have quite a strong reason to hope for a bounce, should the 224p level make itself known.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:15:38PM	FTSE	7366.5									Shambles
10:18:18PM	BRENT	8469									‘cess
10:21:12PM	GOLD	1982.9
10:24:20PM	STOX50	4110.2	4083	4074	4060	4102	4117	4121	4165	4091	Success
10:28:30PM	GERMANY	14986									‘cess
10:33:58PM	US500	4240	4200	4189	4170	4220	4245	4261	4284	4214	Success
10:37:07PM	DOW	33275									Success
10:40:58PM	NASDAQ	14688.3
10:43:36PM	JAPAN	31895									Success

 

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%

27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%

26/10/2023 FTSE Closed at 7354 points. Change of -0.81%. Total value traded through LSE was: £ 5,215,729,676 a change of -2.48%

25/10/2023 FTSE Closed at 7414 points. Change of 0.34%. Total value traded through LSE was: £ 5,348,410,782 a change of 19.98%

24/10/2023 FTSE Closed at 7389 points. Change of 0.2%. Total value traded through LSE was: £ 4,457,908,651 a change of 13.65%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AZN Astrazeneca** **LSE:IQE IQE** **LSE:RR. Rolls Royce** **

********

Updated charts published on : Aston Martin, Asos, Astrazeneca, IQE, Rolls Royce,

LSE:AML Aston Martin Close Mid-Price: 199.3 Percentage Change: -8.91% Day High: 217.6 Day Low: 180

Target met. In the event Aston Martin experiences weakness below 180 it c ……..

Subscribe for more

</p

View Previous Aston Martin & Big Picture ***

LSE:ASC Asos Close Mid-Price: 365 Percentage Change: -7.69% Day High: 384.8 Day Low: 344.4

Now below 344 indicates the potential of reversal to an initial 317 with s ……..

Subscribe for more

</p

View Previous Asos & Big Picture ***

LSE:AZN Astrazeneca. Close Mid-Price: 10336 Percentage Change: + 0.84% Day High: 10402 Day Low: 10248

Movement continuing below 10248 calculates with the potential of reversals ……..

Subscribe for more

</p

View Previous Astrazeneca & Big Picture ***

LSE:IQE IQE. Close Mid-Price: 14.5 Percentage Change: + 6.30% Day High: 14.8 Day Low: 12.32

Target met. Weakness on IQE below 12.32 will invariably lead to 11.9p wit ……..

Subscribe for more

</p

View Previous IQE & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 220.3 Percentage Change: + 2.27% Day High: 220.9 Day Low: 214.7

This is getting interesting (again) as above 221 now works out with the po ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

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

#FTSE #Nasdaq UK merchant banker, Close Brothers, are fascinating. Regular readers will know of our weakness for the TV program Gold Rush but we were completely unaware Close Brothers made it all possible. It all started, when they bunged the US Government 10 thousand pounds for the right to build a railway into the heart of the Yukon in Alaska. From reading about the task, they’d probably have found constructing an upside down full replica of the Great Pyramid easier.

The company ever financed steamboats to transport budding millionaires up the River Yukon to the main goldfields, where most would return empty handed. The Close Brothers website provides a vastly cut down version of the story. One questionable date in their history came in 1985 with their “rescue” of Acorn Computers from the brink of collapse. It’s questionable, due to the writing being on the wall (and everywhere else) for the dreadful Acorn architecture, clinging to an idea which had died and been buried 4 years earlier with the IBM XT rollout. A personal memory of standing in the rain on a pavement in Edinburgh, similar to some Apple Cult sado nowadays, back in 1981 waiting to purchase an IBM (which were in short supply) will never go away. As the youngest person in the company, I was deemed safe to be sent out with £3k in cash as I’d be the one learning about computers! After driving back to the office, a baptism of fire followed due to everything needing installed for the very first time on the “massive” 10mb hard disk. Even then, buying an Acorn seems a strange decision, akin to Close Brothers choosing to save a horseshoe company from the predations of the motor car.

 

In common with many entities within the financial sector, Close Brothers share price isn’t in the happiest visual place. The recent decision to gap the price below their Red uptrend (circled) since 2009 in an obvious concern, along with a source of hope. To view the positive first, we’ve given a little extract of movements since July.

The share price clearly respected this Red line with the implication it need only trade above 800p currently to suggest something positive may be happening. As always, our preference will be for the share price to actually close a session above Red but we’ve a sneaking suspicion some sort of excuse shall be found to gap (manipulate) the price back above Red and if this should be the case, there’s quite a strong argument favouring happy days ahead. In this instance, we can cautiously calculate above 800p should make an attempt at an initial 860p with secondary, if exceeded, a long term 970p and a need to re-examine the tea leaves.

Alternately, below 723p risks being controversial, possibly triggering reversals down to an initial 529p with our secondary, if broken, at 445p and a bottom, a price level below which we cannot currently calculate.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:18:18PM	BRENT	8531									‘cess
9:22:45PM	GOLD	1983.45									Success
9:25:39PM	FTSE	7325	7308	7289	7260	7338	7382	7413	7464	7345	Shambles
9:47:01PM	STOX50	4068
10:05:12PM	GERMANY	14839.9									Success
10:10:22PM	US500	4183.5									‘cess
10:14:38PM	DOW	32990.5									‘cess
10:16:36PM	NASDAQ	14378.3	14232	14178	14097	14287	14422	14445	14476	14333
10:21:10PM	JAPAN	31335									Success

 

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%

27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%

26/10/2023 FTSE Closed at 7354 points. Change of -0.81%. Total value traded through LSE was: £ 5,215,729,676 a change of -2.48%

25/10/2023 FTSE Closed at 7414 points. Change of 0.34%. Total value traded through LSE was: £ 5,348,410,782 a change of 19.98%

24/10/2023 FTSE Closed at 7389 points. Change of 0.2%. Total value traded through LSE was: £ 4,457,908,651 a change of 13.65%

23/10/2023 FTSE Closed at 7374 points. Change of -0.38%. Total value traded through LSE was: £ 3,922,414,231 a change of -25.79%

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:CASP Caspian** **LSE:CPI Capita** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:SCLP Scancell** **

********

Updated charts published on : Caspian, Capita, IQE, ITM Power, Scancell,

LSE:CASP Caspian Close Mid-Price: 2.8 Percentage Change: -8.20% Day High: 2.95 Day Low: 2.7

If Caspian experiences continued weakness below 2.7, it will invariably l ……..

Subscribe for more

</p

View Previous Caspian & Big Picture ***

LSE:CPI Capita. Close Mid-Price: 16.77 Percentage Change: + 0.72% Day High: 17.1 Day Low: 16.63

In the event of Capita enjoying further trades beyond 17.1, the share sho ……..

Subscribe for more

</p

View Previous Capita & Big Picture ***

LSE:IQE IQE Close Mid-Price: 13.64 Percentage Change: -6.32% Day High: 14.76 Day Low: 13.6

In the event IQE experiences weakness below 13.6 it calculates with a dro ……..

Subscribe for more

</p

View Previous IQE & Big Picture ***

LSE:ITM ITM Power. Close Mid-Price: 64.62 Percentage Change: + 1.54% Day High: 65.74 Day Low: 62.5

Target met. If ITM Power experiences continued weakness below 62.5, it wi ……..

Subscribe for more

</p

View Previous ITM Power & Big Picture ***

LSE:SCLP Scancell Close Mid-Price: 12.38 Percentage Change: -2.94% Day High: 13.38 Day Low: 12.25

Weakness on Scancell below 12.25 will invariably lead to 6.2p with second ……..

Subscribe for more

</p

View Previous Scancell & Big Picture ***

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

#Gold #WallSt We’ve had a few emails asking about this share, because they are apparently cheap. We’ve an immediate problem with companies awarding themselves “inspiring” names such as Evergrande, Phoenix, WeWork, Perfect, Friends Reunited, WorldCom, Windows 8, and so on. Generally, this sort of thing tends to backfire in the fullness of time with China Evergrande currently taking centre stage.

However, savings and retirement giant Phoenix (once known as Pearl since 1857) have a share price is looking a little problematic. Since 2014, the share has been achieving a series of “lower lows” and visually, this is more worrying than cheap Halloween decorations. Making matters worse, in September the market opted to gap the share price below a long term Red uptrend and this decision calls into question any excuse for immediate optimism.

And there is a solid excuse for optimism as the recent drop to 436p represented a Big Picture bottom, an important price level from which we’d normally hope to see some sort of bounce. It is certainly the case anything capable of propelling the price above Red at 485p currently should be significant, capable of triggering recovery to an initial 508p with secondary, if exceeded, at a longer term 591p. In fact, to be honest, we’d love to see the market discover a reason to gap this upward above Red as visually this will provide an almost confident picture for long term recovery.

Unfortunately, it would be unusual for the market to gap a price below such an obvious long term trend without strong reason and as a result, we fear for its future.

Now below 436p threatens to continue a cycle of misery, giving an immediate drop target down at 292p with our secondary, if broken, an eventual 261p. As we’re fond of Big Picture arguments, our suspicion is to watch for this reaching the 3 quid level as it’s be an ideal price from which to start serious recovery, ‘cos that’s where we suspect this Phoenix will find its little pile of ashes!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:59:12PM	BRENT	8647.9									‘cess
10:07:10PM	GOLD	1995.74	1991	1986	1978	1999	2007	2009	2015	2000
10:10:20PM	FTSE	7333									Success
10:12:29PM	STOX50	4032.5
10:15:26PM	GERMANY	14741
10:17:56PM	US500	4161.3
10:27:31PM	DOW	32930	32466	32335	32182	32574	33008	33031	33268	32902
11:13:56PM	NASDAQ	14326.5
11:16:52PM	JAPAN	30583

 

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%

27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%

26/10/2023 FTSE Closed at 7354 points. Change of -0.81%. Total value traded through LSE was: £ 5,215,729,676 a change of -2.48%

25/10/2023 FTSE Closed at 7414 points. Change of 0.34%. Total value traded through LSE was: £ 5,348,410,782 a change of 19.98%

24/10/2023 FTSE Closed at 7389 points. Change of 0.2%. Total value traded through LSE was: £ 4,457,908,651 a change of 13.65%

23/10/2023 FTSE Closed at 7374 points. Change of -0.38%. Total value traded through LSE was: £ 3,922,414,231 a change of -25.79%

20/10/2023 FTSE Closed at 7402 points. Change of -1.29%. Total value traded through LSE was: £ 5,285,642,202 a change of 11.3%

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:CBX Cellular Goods** **LSE:OCDO Ocado Plc** **LSE:SCLP Scancell** **LSE:TERN Tern Plc** **

********

Updated charts published on : Aston Martin, Cellular Goods, Ocado Plc, Scancell, Tern Plc,

LSE:AML Aston Martin. Close Mid-Price: 215.6 Percentage Change: + 1.32% Day High: 218.4 Day Low: 210.4

This remains dreadful, needing below 205 to trigger reversal to 194 with s ……..

Subscribe for more

</p

View Previous Aston Martin & Big Picture ***

LSE:CBX Cellular Goods. Close Mid-Price: 0.54 Percentage Change: + 65.23% Day High: 0.52 Day Low: 0.32

An interesting gain, achieved without any news breaking. Given everything ……..

Subscribe for more

</p

View Previous Cellular Goods & Big Picture ***

LSE:OCDO Ocado Plc Close Mid-Price: 462.7 Percentage Change: -4.16% Day High: 496.4 Day Low: 458

Above 529 should give some hope, perhaps triggering recovery to an initial ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

LSE:SCLP Scancell Close Mid-Price: 12.75 Percentage Change: -3.77% Day High: 13.25 Day Low: 12.38

If Scancell experiences continued weakness below 12.38, it will invariabl ……..

Subscribe for more

</p

View Previous Scancell & Big Picture ***

LSE:TERN Tern Plc. Close Mid-Price: 4.75 Percentage Change: + 0.00% Day High: 5.25 Day Low: 4.75

This now has some nasty dangers, allowing below 4.75 to force reversal to ……..

Subscribe for more

</p

View Previous Tern Plc & Big Picture ***

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

#Dax #Brent Thankfully the weekend culminated with quite a good Grand Prix as otherwise, it was dire. My wife kicked things off early on Saturday, deciding to reverse down the driveway rather than going nose first. She knew something was wrong, when the car hit the mailbox at the foot of the drive, a feat previously thought impossible. This is due to the steep drive being lined with a wall, the mailbox mounted on top of the said wall. Somehow, she’d managed to get the left side wheels of the car on the wall, failed to notice the car tilting and only the (now wrecked) mailbox stopping her progress toward a giant first step down.

Then, to make things more interesting, she opted to turn the steering wheel and try to recover the situation. The left hand wheels slithered off the wall and onto wet grass, immediately losing traction. Such was the level of tilt, the drivers door couldn’t open all the way as it swung onto paving slabs. Without telling what she’d done, she opted to take the dog for a walk along to the beach and the first I knew about it came from a couple of old ladies at the door, alerting me to the fact one of our cars had rolled down the driveway…

With our driveway completely blocked and the Toyota refusing to move, there was a pretty major problem but one which could be easily resolved by tying a rope from the car to our large Toyota 4WD which has a towbar. Once again, we entered the realms of impossible as modern cars appear to be completely shielded underneath with nothing sane offering itself as the point to tie a rope. Utter frustration ensued as all local garages had closed by Saturday lunchtime and in any case, they wouldn’t have been able to enter the driveway to rescue the absurdly trapped vehicle.

And for this reason, I found myself under the tilted Toyota, removing the plastic cladding (in the rain) on Sunday morning, planning to weld something onto any exposed metal. By lunchtime, I’d a rope stretched between the two vehicles, my wife fully conversant with the risk of accelerating off the wall into the rear of the larger car. Literally a minute later, the car was off the wall and safely on the flat, my wife once again opting to go for a dog walk rather than assist with the chaos. By 2pm, the smaller Toyota was all buttoned up, the damage to the rear unpopped and the adhoc mount for rope removed.

The only thing left was obviously to kick the cat.

Our Golden Retriever thinks it funny to leave her toys at the office door and it has become a rite of passage to try and launch her teddy bear across the corridor to the kitchen. Just why the cat was sitting at the office defeats me as she generally avoids the office like a sentient being given the choice of watching Big Brother of TV. Lets just say, the weekend finished with my wife almost convinced I didn’t deliberately kick the cat.

 

And this brings us neatly to Natwest, the market cheerfully giving the share price a thorough kicking on Friday. When we reviewed the share three weeks ago, we expressed concern at the implications if the price managed to slip below 204p as it risked a cycle downhill to 109p. The share price managed to accomplish this on Thursday, a low of 202.7p providing the precursor for a truly awful -18% day, dumping the share price in a zone where escape looks difficult.

Despite the share closing the day ‘only’ down 12% at 182p we’re not convinced the market made an overcooking mistake with a brutal Halloween prank, instead suspecting the worst is not yet over. We can however introduce some slight hope into this Halloween horror story as the drop potentials have changed slightly since our previous review.

Now below 167p calculates with the potential of reversal down to an initial 161p with secondary, if broken, at 135p and a fairly reasonable expectation of a bounce. But should 135p break, our perception of the future now allows for 111p as an ultimate bottom. As a result, some care needs taken as the market will be perfectly aware lots of folks will be trying to buy in at what they perceive as a market bottom. We shall only be convinced if the share price were to somehow find an excuse to better Blue on the chart, currently around 230p.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
10:09:04PM	BRENT	8872	8676	8562	8439	8862	8937	9078	9246	8850
10:12:31PM	GOLD	2005.8
10:18:38PM	FTSE	7267.5
10:21:03PM	STOX50	3996.8
10:23:45PM	GERMANY	14618.4	14590	14574	14489	14660	14826	14851	14938	14730
10:27:37PM	US500	4116.6
10:30:39PM	DOW	32379
10:33:17PM	NASDAQ	14188
10:38:52PM	JAPAN	30613

 

27/10/2023 FTSE Closed at 7291 points. Change of -0.86%. Total value traded through LSE was: £ 3,985,095,310 a change of -23.59%

26/10/2023 FTSE Closed at 7354 points. Change of -0.81%. Total value traded through LSE was: £ 5,215,729,676 a change of -2.48%

25/10/2023 FTSE Closed at 7414 points. Change of 0.34%. Total value traded through LSE was: £ 5,348,410,782 a change of 19.98%

24/10/2023 FTSE Closed at 7389 points. Change of 0.2%. Total value traded through LSE was: £ 4,457,908,651 a change of 13.65%

23/10/2023 FTSE Closed at 7374 points. Change of -0.38%. Total value traded through LSE was: £ 3,922,414,231 a change of -25.79%

20/10/2023 FTSE Closed at 7402 points. Change of -1.29%. Total value traded through LSE was: £ 5,285,642,202 a change of 11.3%

19/10/2023 FTSE Closed at 7499 points. Change of -1.17%. Total value traded through LSE was: £ 4,748,869,334 a change of -10.32%

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:BARC Barclays** **LSE:CPI Capita** **LSE:ITM ITM Power** **LSE:NWG Natwest** **

********

Updated charts published on : Barclays, Capita, ITM Power, Natwest,

LSE:BARC Barclays Close Mid-Price: 129.2 Percentage Change: -2.30% Day High: 132.04 Day Low: 128.64

Weakness on Barclays below 128.64 will invariably lead to 126p with secon ……..

Subscribe for more

</p

View Previous Barclays & Big Picture ***

LSE:CPI Capita. Close Mid-Price: 16.1 Percentage Change: + 4.07% Day High: 16.1 Day Low: 15.29

This could become interesting as above just 17p should signal bottom is “i ……..

Subscribe for more

</p

View Previous Capita & Big Picture ***

LSE:ITM ITM Power. Close Mid-Price: 64.2 Percentage Change: + 0.22% Day High: 67 Day Low: 63.2

Continued weakness against ITM taking the price below 63.2 calculates as ……..

Subscribe for more

</p

View Previous ITM Power & Big Picture ***

LSE:NWG Natwest Close Mid-Price: 182 Percentage Change: -11.56% Day High: 189.55 Day Low: 168.3

Target met. Continued weakness against NWG taking the price below 168.3 c ……..

Subscribe for more

</p

View Previous Natwest & Big Picture ***

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