Braemar Plc (LSE:BMS about to set sail?

#FTSE #SP500  We always thought it a little odd one of only two publicly listed shipbrokers on the LSE chose to name themselves after a pretty bleak location in Scotland, one placed just about as far from the sea as possible to get in the country. Braemar itself, located in the visually boring, windswept, east side of the country, has only one real attraction, the nearby ski area of Glenshee. Once, shortly after returning from Colorado, the decision was made to head to Glenshee for a day skiing and we were lucky. It was stunning day, plenty of snow, and memorable sunshine, the sort of thing which only happens once every 100 years or so. Chatting to one of the ski lift operators and mentioning we’d just returned from Colorado, it transpired he was American and agreed Glenshee equalled anything available in the US. But unfortunately, only once a century or so!

Another time, we visited, having made the stupid mistake of volunteering to escort a bunch of children from a local church youth club. Between checking the weather and leaving, the weather had changed and we arrived in a blizzard. Someone had the bright idea of heading to nearby Braemar as there would surely be cafes etc to keep the kids entertained, while we hoped the snow storm would move on. Thankfully, there were lots of places, all closed, as back then, Braemar appeared to shut up shop once summer was over. To make matters worse, the snow gates all closed, forcing us to return south by heading to Aberdeen first, then take the coastal route back to Glasgow. And so, few fond memories remain of Braemar but we did prime the kids with some tough questions to ask about god!

The following weekend, we took the children to Glencoe, enjoying one of the few days when we all got to ski back to the car park. This is rarely possible and a real pleasure, skipping the queue for the cranky chairlift down the mountain.

 

Braemar Plc experienced a few months of share suspension, due to a historical accounting anomaly which was felt would affect their published accounts. Matters have been apparently resolved and the shares started trading again a few days ago. They are due to release some financial results today, 29th November,. and their share price certainly looks poised for some action.

At time of writing, the share is trading at 290p, needing above 292p to hopefully prompt recovery to an initial 310p and a challenge against the downtrend since 2014. To be honest, this is one of these occasions where we’d be delighted to witness the share price gapped upward at the open of trade, creating a rather perfect “Gap Down / Gap Up” situation, one which should prove capable of provoking future movements to 342p with our longer term influence seen as coming from a future 388p and some probable hesitation.

Similar to the weather in Braemar, this is one of these occasions where anything could happen in the next few hours! The price would need wander below 230p (Red) to justify anxiety.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:50:16PM BRENT 8132 ‘cess
9:53:27PM GOLD 2041.31 Success
9:56:41PM FTSE 7438.6 7401 7377 7330 7438 7464 7488 7517 7448 Success
9:59:27PM STOX50 4340.7 Success
10:02:19PM GERMANY 15988 ‘cess
10:13:52PM US500 4553.5 4537 4527 4513 4554 4561 4571 4582 4541 ‘cess
10:16:21PM DOW 35417.5 Success
10:18:34PM NASDAQ 16013.4
10:23:27PM JAPAN 33297 ‘cess

 

28/11/2023 FTSE Closed at 7455 points. Change of -0.07%. Total value traded through LSE was: £ 4,562,527,303 a change of 31.7%
27/11/2023 FTSE Closed at 7460 points. Change of -0.37%. Total value traded through LSE was: £ 3,464,420,361 a change of -16.59%
24/11/2023 FTSE Closed at 7488 points. Change of 0.07%. Total value traded through LSE was: £ 4,153,667,848 a change of 5.6%
23/11/2023 FTSE Closed at 7483 points. Change of 0.19%. Total value traded through LSE was: £ 3,933,508,293 a change of -12.7%
22/11/2023 FTSE Closed at 7469 points. Change of -0.17%. Total value traded through LSE was: £ 4,505,503,688 a change of 12.22%
21/11/2023 FTSE Closed at 7482 points. Change of -0.19%. Total value traded through LSE was: £ 4,015,011,285 a change of -11.06%
20/11/2023 FTSE Closed at 7496 points. Change of -0.11%. Total value traded through LSE was: £ 4,514,299,465 a change of -13.95%

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:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:ITM ITM Power** **LSE:RR. Rolls Royce** **LSE:STAR Star Energy** **

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Updated charts published on : Aviva, Astrazeneca, Genel, Hikma, ITM Power, Rolls Royce, Star Energy,

LSE:AV. Aviva Close Mid-Price: 424.6 Percentage Change: -0.84% Day High: 429.1 Day Low: 425

All Aviva needs are mid-price trades ABOVE 429.1 to improve acceleration ……..

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LSE:AZN Astrazeneca Close Mid-Price: 9900 Percentage Change: -0.76% Day High: 9984 Day Low: 9851

Weakness on Astrazeneca below 9851 will invariably lead to 9709p with sec ……..

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LSE:GENL Genel Close Mid-Price: 75.2 Percentage Change: -3.34% Day High: 77.4 Day Low: 74.3

If Genel experiences continued weakness below 74.3, it will invariably le ……..

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LSE:HIK Hikma Close Mid-Price: 1740.5 Percentage Change: -0.06% Day High: 1739.5 Day Low: 1716.5

Weakness on Hikma below 1716.5 will invariably lead to 1602 with secondar ……..

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LSE:ITM ITM Power Close Mid-Price: 52.82 Percentage Change: -4.24% Day High: 55.58 Day Low: 51.8

Continued weakness against ITM taking the price below 51.8 calculates as ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 258.3 Percentage Change: + 6.21% Day High: 261.5 Day Low: 243.3

Target met. Further movement against Rolls Royce ABOVE 261.5 should impro ……..

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LSE:STAR Star Energy Close Mid-Price: 8.35 Percentage Change: -2.97% Day High: 8.8 Day Low: 8.2

Continued weakness against STAR taking the price below 8.2 calculates as ……..

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

DP Poland Plc (LSE:DPP) when Pizza from over there does well over there too…

#Gold #Dax  The ballad of our 3d printer continues, the device successfully replacing BBC Radio2 in the office. Almost silent in operation, it’s become a source of fascination while it tackles whatever project has been deemed important. Today, we obviously felt the need to print a model elephant, a job which took just over 6 hours and proved more interesting than watching someone digging a hole! It appears, just when society has started to tackle the war on plastic, we’ve also developed a new way to feed recycle bins…

As for, DP Poland Plc, it’s curious how bias can develop as personally, I’ve never met a Polish person I didn’t like. Similarly, grand-daughters formed a friendship with a couple of similar age Polish girls at school, creating a ridiculous situation where all 4 girls chatter away, each blithely switching between Polish and English in a skill developed during their primary school years. But discovering the most popular takeaway in Poland is pizza truly gave pause for thought, the nation slipping down a few notches in my estimation.

Ok, this is being written by someone who’s never eaten a pizza, regardless of whether it was from Domino’s or any of the other suppliers of pimped Italian cheese on toast. In defence, this isn’t a bias with roots in good taste but rather, the end result of a series of allergies. But despite this, I still manage to remain a “wee, fat, Scottish bloke”.

Something is certainly going on with Domino Poland’s share price as movement next above 11p suggests growth to an initial 12p with our secondary, if exceeded, at 15.2p. Visually, this appears to be quite a big deal as the share price has experienced difficulty at the 10p level since 2019 and now, appears to be starting to break free. This being the case, it’s not difficult to envisage a future 24.5p exerting a long term attraction.

If things intend go wrong, the price needs close a session below 6p to justify panic. This one is certainly a bit of an oddball, a Polish company, listed on the LSE, along with a website which doesn’t make any claims about blockchain, crypto, or even the price of gold. They do pizza and appear to be experiencing some success.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:42:18PM BRENT 7997 ‘cess
9:46:23PM GOLD 2013.84 2006 2004 1999 2011 2017 2024 2030 2009
9:54:37PM FTSE 7455.1
11:16:30PM STOX50 4353.4
11:19:41PM GERMANY 15967.3 15959 15943 15908 15984 16040 16048 16078 15982
11:23:40PM US500 4553.8 ‘cess
11:26:31PM DOW 35364 Shambles
11:29:21PM NASDAQ 15970.5
11:32:40PM JAPAN 33522 Success

 

27/11/2023 FTSE Closed at 7460 points. Change of -0.37%. Total value traded through LSE was: £ 3,464,420,361 a change of -16.59%
24/11/2023 FTSE Closed at 7488 points. Change of 0.07%. Total value traded through LSE was: £ 4,153,667,848 a change of 5.6%
23/11/2023 FTSE Closed at 7483 points. Change of 0.19%. Total value traded through LSE was: £ 3,933,508,293 a change of -12.7%
22/11/2023 FTSE Closed at 7469 points. Change of -0.17%. Total value traded through LSE was: £ 4,505,503,688 a change of 12.22%
21/11/2023 FTSE Closed at 7482 points. Change of -0.19%. Total value traded through LSE was: £ 4,015,011,285 a change of -11.06%
20/11/2023 FTSE Closed at 7496 points. Change of -0.11%. Total value traded through LSE was: £ 4,514,299,465 a change of -13.95%
17/11/2023 FTSE Closed at 7504 points. Change of 1.27%. Total value traded through LSE was: £ 5,245,946,356 a change of -1.73%

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:BLOE Block Energy PLC** **LSE:OXIG Oxford Instruments** **LSE:STAR Star Energy** **LSE:TLW Tullow** **LSE:TSCO Tesco** **

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Updated charts published on : Astrazeneca, Block Energy PLC, Oxford Instruments, Star Energy, Tullow, Tesco,

LSE:AZN Astrazeneca Close Mid-Price: 9976 Percentage Change: -2.00% Day High: 10178 Day Low: 9998

If Astrazeneca experiences continued weakness below 9998, it will invaria ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 0.9 Percentage Change: -5.26% Day High: 0.95 Day Low: 0.88

Target met. Continued weakness against BLOE taking the price below 0.88 c ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2160 Percentage Change: -2.26% Day High: 2230 Day Low: 2150

Continued trades against OXIG with a mid-price ABOVE 2230 should improve ……..

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LSE:STAR Star Energy Close Mid-Price: 8.6 Percentage Change: -9.43% Day High: 9 Day Low: 8.5

If Star Energy experiences continued weakness below 8.5, it will invariab ……..

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LSE:TLW Tullow. Close Mid-Price: 38.5 Percentage Change: + 0.16% Day High: 38.92 Day Low: 38.1

Further movement against Tullow ABOVE 38.92 should improve acceleration t ……..

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LSE:TSCO Tesco. Close Mid-Price: 284.6 Percentage Change: + 0.28% Day High: 285.3 Day Low: 282.9

Target met. All Tesco needs are mid-price trades ABOVE 285.3 to improve a ……..

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

Barclays Plc (LSE:BARC) and a tale of two trends

#Brent #SP500 Barclays is proving a bit greedy, even by banking standards! For the last few years, the share price has developed a; “Why bother with one uptrend, when you can have two?” It’s almost like a deliberate attempt is taking place to confuse the markets, especially as both trend lines may be thought of as equally valid. Of course, the perennial question must be, which one is the most valid?

The answer, obviously, is a little bit impossible to say as despite the price breaking trend, it has yet to achieve any really convincing targets but despite this, the share price needs to close a session above just 144.6 to suggest all this trend break stuff is nonsense. The reason there are two trends which bother us is shown below.

The upper chart, the lower Red trend line represents the Low of the Day and dates back to 2020. Circled, on October 24th, in a completely random act, the market chose to manipulate the share price at the open of trade, gapping it solidly below the conventional Red uptrend. What was especially curious about this completely random act was the price also was opened below the Green Closing Price trend which also dated back to 2020. Our inclination is to embrace a suspicion the market “really” wants Barclays share price to reverse as by any standards, the manipulation at the market open on October 24th was quite emphatic. We use the term ‘manipulation’ quite unapologetically, the price movement being decided prior to any actual trades taking place. Anyone with access to market charts can easily recreate this and wonder just what the market is playing at. Our perspective is to pay more attention to the Green Closing Price uptrend as it starts to appear that’s the one the market is actually playing with.

From an immediate perspective, we are fairly cynical on what’s coming next. Below just 138p calculates with the potential of reversal to an initial 130p with our longer term secondary, if broken, working out at a future 120p, along with a vague potential for a bounce. In the event the 120p level breaks, about the best we dare hope for is a rebound before the 100p level. It is certainly quite odd, how the UK feels like it’s prepping each of the Big Three banks for some savage reversals.

However, Barclays need only close a session above 144.6p to turn our predictions into my boiled rice, or as we call it at home, mush!

Above 144.6p looks capable of triggering surprise recovery to an initial 152p with secondary, if exceeded, an eventual 160p and some potential hesitation, given share price behaviour at this level during this year.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
8:31:58PM BRENT 8010.9 8003 7958 7877 8096 8150 8211 8280 8117
8:34:28PM GOLD 2001.78
8:36:48PM FTSE 7489.5
8:38:44PM STOX50 4369.5
9:02:26PM GERMANY 16023.4
9:04:20PM US500 4557 4552 4547 4541 4562 4565 4620 4694 4544
9:08:10PM DOW 35395
9:11:26PM NASDAQ 15966.8
9:36:25PM JAPAN 33668

 

24/11/2023 FTSE Closed at 7488 points. Change of 0.07%. Total value traded through LSE was: £ 4,153,667,848 a change of 5.6%
23/11/2023 FTSE Closed at 7483 points. Change of 0.19%. Total value traded through LSE was: £ 3,933,508,293 a change of -12.7%
22/11/2023 FTSE Closed at 7469 points. Change of -0.17%. Total value traded through LSE was: £ 4,505,503,688 a change of 12.22%
21/11/2023 FTSE Closed at 7482 points. Change of -0.19%. Total value traded through LSE was: £ 4,015,011,285 a change of -11.06%
20/11/2023 FTSE Closed at 7496 points. Change of -0.11%. Total value traded through LSE was: £ 4,514,299,465 a change of -13.95%
17/11/2023 FTSE Closed at 7504 points. Change of 1.27%. Total value traded through LSE was: £ 5,245,946,356 a change of -1.73%
16/11/2023 FTSE Closed at 7410 points. Change of -1.02%. Total value traded through LSE was: £ 5,338,555,524 a change of -8.11%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:OXIG Oxford Instruments** **LSE:TLW Tullow** **LSE:TSCO Tesco** **

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Updated charts published on : Avacta, Barclays, BP PLC, Oxford Instruments, Tullow, Tesco,

LSE:AVCT Avacta. Close Mid-Price: 140 Percentage Change: + 8.53% Day High: 141.5 Day Low: 129

This is almost interesting as above 147 now calculates with the potential ……..

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LSE:BARC Barclays. Close Mid-Price: 141.64 Percentage Change: + 1.00% Day High: 142 Day Low: 140.2

This isn’t looking great as below 138 now suggests imminent reversal down ……..

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LSE:BP. BP PLC. Close Mid-Price: 476.5 Percentage Change: + 0.63% Day High: 478.35 Day Low: 470.05

This isn’t looking good, about to adhere (I think) to my GaGa theory. Belo ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2210 Percentage Change: + 0.91% Day High: 2215 Day Low: 2175

Now above 2215 promises a visit to an initial 2317 with secondary, if bett ……..

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LSE:TLW Tullow Close Mid-Price: 38.44 Percentage Change: -0.16% Day High: 38.8 Day Low: 38.14

Continued trades against TLW with a mid-price ABOVE 38.8 should improve t ……..

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LSE:TSCO Tesco. Close Mid-Price: 283.8 Percentage Change: + 1.36% Day High: 283.8 Day Low: 278.8

Further movement against Tesco ABOVE 283.8 should improve acceleration to ……..

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

FTSE for FRIDAY (FTSE:UKX), will the market finally wake up?

#FTSE_Futures #Brent  Obviously, turkeys are to blame for our grumble this week. With the US enjoying a holiday no-one really understands, apparently commemorating a feast shared by the English Pilgrim colonists and the native American people. What’s strange about this atmosphere of goodwill was to come later with their constitution and the right to bear arms, as guns were deemed essential to shoot the native American people, escaping slaves, and to defend themselves against people with guns, possibly even the English if they ever came back!

It’s an odd occasion, one which is capable of ruining the markets in the run up, as very little realistic tends happen.

This year, no-where has this been more true than the FTSE, the UK index spending the last 5 sessions pivoting marginally above 7488 points. With the UK closing Thursday at 7484, perhaps it was with the assumption “things” shall burst into life, once Americans stop eating. Alas, this is rarely true as the day of ‘Sales’ on Black Friday has also become an unofficial holiday, giving little expectation of the UK market suddenly springing into life.

It is certainly now the case where the market potentials are becoming quite interesting as the FTSE now needs exceed just 7499 points to hopefully trigger index recovery to an initial 7566 points with our secondary, if exceeded, calculating at an amazing 7700 points. If triggered, the tightest stop loss level looks like 7449 points.

 

Our alternate scenario, if things are to remain “parked” until Monday allows weakness below 7444 to drive reversal down to an initial 7378 points with secondary, if broken, at 7274 points. We’re obviously being a little cynical, due to the usual effect of Black Friday, but perhaps this year shall discover some good news capable of putting a positive spin on the markets.

Have a good weekend with the last Grand Prix of the year, hopefully more entertaining than the effort from Las Vegas…

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:11:15PM BRENT 8106.7 8010 7972 8097 8143 8183 8083
10:15:51PM GOLD 1992.47 1990 1987 1999 1999 2005 1990
10:19:15PM FTSE 7480.3 7478 7473 7489 7496 7506 7478
10:22:48PM STOX50 4361.3 4348 4342 4358 4366 4370 4348 ‘cess
10:25:53PM GERMANY 15991.9 15945 15930 15972 16005 16020 15980
10:29:02PM US500 4559.5 4551 4542 4560 4563 4571 4551
10:32:21PM DOW 35316.5 35240 35194 15314 35358 35529 35178
10:35:03PM NASDAQ 16017.8 15999 15985 16033 16054 16107 16003
10:38:34PM JAPAN 33726 33422 33378 33607 33770 33820 33670

 

23/11/2023 FTSE Closed at 7483 points. Change of 0.19%. Total value traded through LSE was: £ 3,933,508,293 a change of -12.7%
22/11/2023 FTSE Closed at 7469 points. Change of -0.17%. Total value traded through LSE was: £ 4,505,503,688 a change of 12.22%
21/11/2023 FTSE Closed at 7482 points. Change of -0.19%. Total value traded through LSE was: £ 4,015,011,285 a change of -11.06%
20/11/2023 FTSE Closed at 7496 points. Change of -0.11%. Total value traded through LSE was: £ 4,514,299,465 a change of -13.95%
17/11/2023 FTSE Closed at 7504 points. Change of 1.27%. Total value traded through LSE was: £ 5,245,946,356 a change of -1.73%
16/11/2023 FTSE Closed at 7410 points. Change of -1.02%. Total value traded through LSE was: £ 5,338,555,524 a change of -8.11%
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%

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:AV. Aviva** **LSE:FOXT Foxtons** **LSE:HIK Hikma** **LSE:PMG Parkmead** **LSE:RKH Rockhopper** **

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Updated charts published on : Aviva, Foxtons, Hikma, Parkmead, Rockhopper,

LSE:AV. Aviva. Close Mid-Price: 421.2 Percentage Change: + 0.38% Day High: 422 Day Low: 417.4

Now above just 426p should be interesting, hopefully triggering recovery t ……..

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LSE:FOXT Foxtons. Close Mid-Price: 44.5 Percentage Change: + 1.95% Day High: 45.45 Day Low: 43

In the event of Foxtons enjoying further trades beyond 45.45, the share s ……..

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LSE:HIK Hikma Close Mid-Price: 1753 Percentage Change: -0.17% Day High: 1765.5 Day Low: 1747

This is looking a bit dodgy as below 1722 risks provoking reversal to an i ……..

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LSE:PMG Parkmead. Close Mid-Price: 15 Percentage Change: + 0.00% Day High: 15 Day Low: 15

Now above 18.5 looks like it is needed to provoke recovery to an initial 2 ……..

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LSE:RKH Rockhopper Close Mid-Price: 10.82 Percentage Change: -1.59% Day High: 10.85 Day Low: 10.55

In the event Rockhopper experiences weakness below 10.55 it calculates wi ……..

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

RWE Ag (TG:RWE), German for power!

#Gold #WallSt  A quick trip through the European markets threw up RWE as being of interest, a surprising feat for a German power company which often seems to be the target of hysterical green policies. Thankfully, they seem to be fighting back, one of several energy companies suing governments for enacting green policies. After so saying, RWE are the worlds second largest offshore power generation company and Europes third-largest in renewable energy, so when they say governments are going too far, they’ve probably got a point.

Reading about RWE’s history since their formation in 1898, unusually there wasn’t the frequent need for a sharp intake of breath during the period of the second world war. Quite the converse turned out to be the case, one of their directors executed by the German government in 1944, partly because he’d said “this war would likely end the same way as 1918. Nowadays, the company appears to be flourishing and is active virtually everywhere except South America and Africa.

 

Our interest in their share price is based on movements since October as it appears possible RWE share price is about to improve, albeit not by a massive amount. Currently, it looks like movement above 39€ could trigger share price recovery to an initial 42 euros. In the event the share price actually closes around such a level, it shall exceed a downtrend which dates back to 2008, placing the share in a zone where a future 54€ becomes believable.

For everything to go horribly wrong, the price would need break below Red on the chart, around 32€ at present, as this risks promoting reversal down to an initial 29 with secondary, if broken, at an improbable looking 25€.

We suspect this intends head upward.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:11:49PM BRENT 8148.2
9:14:40PM GOLD 1989.81 1984 1978 1968 1995 2007 2016 2044 1995 ‘cess
9:17:13PM FTSE 7474.7
9:20:23PM STOX50 4350.5
9:28:42PM GERMANY 15955.7 ‘cess
9:31:06PM US500 4555.3
9:40:49PM DOW 35282.5 35041 34957 34836 35145 35320 35353 35546 35174 ‘cess
9:44:30PM NASDAQ 15993 Success
9:47:18PM JAPAN 33743 Success

 

22/11/2023 FTSE Closed at 7469 points. Change of -0.17%. Total value traded through LSE was: £ 4,505,503,688 a change of 12.22%
21/11/2023 FTSE Closed at 7482 points. Change of -0.19%. Total value traded through LSE was: £ 4,015,011,285 a change of -11.06%
20/11/2023 FTSE Closed at 7496 points. Change of -0.11%. Total value traded through LSE was: £ 4,514,299,465 a change of -13.95%
17/11/2023 FTSE Closed at 7504 points. Change of 1.27%. Total value traded through LSE was: £ 5,245,946,356 a change of -1.73%
16/11/2023 FTSE Closed at 7410 points. Change of -1.02%. Total value traded through LSE was: £ 5,338,555,524 a change of -8.11%
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%

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:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:SPT Spirent Comms** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Aston Martin, Barrett Devs, British Telecom, ITM Power, National Glib, Quadrise, Rockhopper, Spirent Comms, Taylor Wimpey,

LSE:AML Aston Martin. Close Mid-Price: 234.4 Percentage Change: + 1.91% Day High: 242 Day Low: 230.2

Continued trades against AML with a mid-price ABOVE 242 should improve th ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 492.6 Percentage Change: + 0.04% Day High: 503 Day Low: 488.6

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LSE:BT.A British Telecom. Close Mid-Price: 122.45 Percentage Change: + 3.73% Day High: 126 Day Low: 118.3

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LSE:ITM ITM Power Close Mid-Price: 54.66 Percentage Change: -0.69% Day High: 56.88 Day Low: 53.46

Weakness on ITM Power below 53.46 will invariably lead to 47.5 with secon ……..

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LSE:NG. National Glib Close Mid-Price: 1033.5 Percentage Change: -0.39% Day High: 1048.5 Day Low: 1031

Target met. Continued trades against NG. with a mid-price ABOVE 1048.5 sh ……..

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LSE:QED Quadrise. Close Mid-Price: 1.37 Percentage Change: + 15.58% Day High: 1.8 Day Low: 1.35

Target met. In the event of Quadrise enjoying further trades beyond 1.8, ……..

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LSE:RKH Rockhopper Close Mid-Price: 11 Percentage Change: -3.93% Day High: 11.4 Day Low: 10.6

Target met. Continued weakness against RKH taking the price below 10.6 ca ……..

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LSE:SPT Spirent Comms. Close Mid-Price: 108.7 Percentage Change: + 0.46% Day High: 110 Day Low: 108

Target met. Further movement against Spirent Comms ABOVE 110 should impro ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 126.15 Percentage Change: -1.29% Day High: 130.25 Day Low: 125.5

Continued trades against TW. with a mid-price ABOVE 130.25 should improve ……..

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

Mcbride Plc (LSE:MCB) & a Phoenix Group update.

#FTSE #Nasdaq When we wrote “first world problem” the other day, it was a suitably disparaging statement to describe the utter suffering experienced, when your Espresso machine has a heated top area, capable of ensuring your stomper has coffee adhering strongly and the two brushes for cleaning things get ruined. But, to be completely honest, there was another quite different need to create an air gap above the top of the coffee machine.

Before skipping ahead and thinking; “this nonsense will never happen to me!”, it will. You reach an age when it feels you may be single handedly keeping the pharmaceutical industry afloat, finding yourself in a zone of hell, pills to take in the morning and pills to take at night. It wasn’t difficult to designate the coffee machine as the pill tray holder, simply turning the tray around when the designated doze of pills were popped. “Night-time Monday pills, rotate it so Day-time Tuesday is next”. No-one wants to habitually take pills but placement of the sodding things makes for an easy reminder, given the importance of starting the day with a coffee.

This is where the issue arose, due to the harsh reality of Cod Liver Oil capsules. These things reside quite happily in a pill tray but dislike heat, especially from an Espresso machine. This runs the risk of accidentally forgetting to turn off the gizmo, finding the capsules melted and merged chemotherapy, blood pressure, diabetes, and even gout prevention pills into a gooey mess.  And thus, it was either the case of abandoning my coffee machine, abandoning my pill intake, or figuring out how to do things better. Which brought me, once again, to the 3d Printer from hell which as I write this, apparently is printing the components for a new shelf capable of holding the coffee stomper, two brushes, and a tray of 7 Day and Night drugs. The job will take around 4 hours…

Phoenix Group share price has enacted something quite interesting. We shall be revisit the share during December but the market indeed opted to gap the price back up above Red on the chart.

McBride Plc This is quite an impressive company, supplying the stock market equivalent for famous “covers” groups such as Led Zeppelin. Everyone uses their products but, due to rebranding for whatever company label is being stuck on the product, remain anonymous. It was surprising to note their cleaning products are supplied through 49 out of 50 of Europe’s top grocery retailers.

Their share price has enjoyed a pretty dire journey since 2017 but recently has started to exhibit some signs of it coming alive again.

During October, the share price was gapped up above an arguable downtrend, the movement suggesting growth exceeding 64p should make an attempt at an initial 80p with secondary, if bettered, at a longer term 108p, perhaps even 150p thanks to the massive gap down in 2019 utterly skewing the numbers. We’re fairly happy about the prospects of a future 80p but suspect we shall need revisit the numbers once such a level is attained.

The share price needs below 38p to utterly foul up our numeric predictions.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:15:06PM BRENT 8237.2
9:18:16PM GOLD 1998.31 Success
9:22:06PM FTSE 7481 7446 7437 7410 7466 7505 7522 7547 7475
9:29:47PM STOX50 4327.5
9:41:39PM GERMANY 15904.3
9:44:19PM US500 4534.8
9:48:02PM DOW 35073.2
9:53:17PM NASDAQ 15912.8 15860 15822 15740 15940 15986 16005 16053 15944
10:00:11PM JAPAN 33173

 

21/11/2023 FTSE Closed at 7482 points. Change of -0.19%. Total value traded through LSE was: £ 4,015,011,285 a change of -11.06%
20/11/2023 FTSE Closed at 7496 points. Change of -0.11%. Total value traded through LSE was: £ 4,514,299,465 a change of -13.95%
17/11/2023 FTSE Closed at 7504 points. Change of 1.27%. Total value traded through LSE was: £ 5,245,946,356 a change of -1.73%
16/11/2023 FTSE Closed at 7410 points. Change of -1.02%. Total value traded through LSE was: £ 5,338,555,524 a change of -8.11%
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%

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:BDEV Barrett Devs** **LSE:CPI Capita** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:RKH Rockhopper** **LSE:SPT Spirent Comms** **

********

Updated charts published on : Aston Martin, Barrett Devs, Capita, British Airways, ITM Power, Rockhopper, Spirent Comms,

LSE:AML Aston Martin Close Mid-Price: 230 Percentage Change: -0.09% Day High: 235.6 Day Low: 229.4

All Aston Martin needs are mid-price trades ABOVE 235.6 to improve accele ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 492.4 Percentage Change: + 1.07% Day High: 494.6 Day Low: 487.7

In the event of Barrett Devs enjoying further trades beyond 494.6, the sh ……..

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LSE:CPI Capita. Close Mid-Price: 20.6 Percentage Change: + 7.29% Day High: 21.5 Day Low: 19.74

Target met. Continued trades against CPI with a mid-price ABOVE 21.5 shou ……..

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LSE:IAG British Airways Close Mid-Price: 155.45 Percentage Change: -4.98% Day High: 165.4 Day Low: 155.8

In the event of British Airways enjoying further trades beyond 165.4, th ……..

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LSE:ITM ITM Power Close Mid-Price: 55.04 Percentage Change: -6.08% Day High: 58.5 Day Low: 54.7

In the event ITM Power experiences weakness below 54.7 it calculates with ……..

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LSE:RKH Rockhopper Close Mid-Price: 11.45 Percentage Change: -5.76% Day High: 12 Day Low: 11.4

Weakness on Rockhopper below 11.4 will invariably lead to 11p, a short li ……..

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LSE:SPT Spirent Comms. Close Mid-Price: 108.2 Percentage Change: + 0.56% Day High: 109 Day Low: 106.2

Continued trades against SPT with a mid-price ABOVE 109 should improve th ……..

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

Legal and General Group (LSE:LGEN) and a change of trend!

#Gold #SP500 We reviewed Legal and General back in July, confidently predicting the potential of reversal to 193p and below. An email politely enquired, if we’d like to change our stance on the share, given it “only” fell to 203p and appears to be bouncing? This thankfully gives us an excuse to present recent movements as a ‘learning opportunity’, rather than admit we got it wrong!

The ‘Learning Opportunity’ comes from what occurred, once the share price bounced as two separate and hopefully significant things took place.

Firstly, the price of LGEN closed above the level of the trend break, on November 13th ending the day at 225p. This ticks a pretty important box as generally we take this as a signal everything has changed.

Secondly, and perhaps more importantly, the share price has chosen to regain the prior Red uptrend, quite literally manipulated (gapped) above the trend on November 15th and this provides what is usually a strong indication the market has had a change of heart for the future. Despite the share price squirming around like a Conservative politician, when asked about Covid-19 events, our inclination is to take hope for the immediate future.

Currently, above 232p should prove capable of triggering a nod in the direction of 240p with our longer term secondary, if bettered, at a future 270p. This secondary is doubtless going to prove important, if achieved, as it has the capability of declaring a new high for the share price in 2023, especially as it dumps the price into a zone where a distant cycle to 308p can be expected.

As usual, we can provide a slightly vague converse scenario as perhaps the market shall indulge its sense of humour, one which suggests weakness next below 224p risks promoting the idea of reversal down to 205p. If broken, our secondary calculates at 191p and hopefully a bounce.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:58:43PM BRENT 8187.7
10:03:45PM GOLD 1977.41 1966 1954 1944 1969 1983 1986 1993 1972 Success
10:06:14PM FTSE 7490
10:10:15PM STOX50 4345
10:12:49PM GERMANY 15925
10:15:30PM US500 4547.6 4505 4486 4462 4525 4559 4611 4683 4497 ‘cess
10:25:53PM DOW 35154.3
10:28:25PM NASDAQ 16025.9
10:31:49PM JAPAN 33404 Success

 

20/11/2023 FTSE Closed at 7496 points. Change of -0.11%. Total value traded through LSE was: £ 4,514,299,465 a change of -13.95%
17/11/2023 FTSE Closed at 7504 points. Change of 1.27%. Total value traded through LSE was: £ 5,245,946,356 a change of -1.73%
16/11/2023 FTSE Closed at 7410 points. Change of -1.02%. Total value traded through LSE was: £ 5,338,555,524 a change of -8.11%
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%

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:FOXT Foxtons** **LSE:IAG British Airways** **LSE:MMAG Music Magpie** **LSE:TLW Tullow** **

********

Updated charts published on : Barrett Devs, Foxtons, British Airways, Music Magpie, Tullow,

LSE:BDEV Barrett Devs. Close Mid-Price: 487.2 Percentage Change: + 0.66% Day High: 488.6 Day Low: 481.5

Continued trades against BDEV with a mid-price ABOVE 488.6 should improve ……..

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LSE:FOXT Foxtons. Close Mid-Price: 43.2 Percentage Change: + 6.67% Day High: 44.5 Day Low: 41

Target met. Further movement against Foxtons ABOVE 44.5 should improve ac ……..

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LSE:IAG British Airways. Close Mid-Price: 163.6 Percentage Change: + 0.55% Day High: 164.4 Day Low: 162.3

Target met. All British Airways needs are mid-price trades ABOVE 164.4 t ……..

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LSE:MMAG Music Magpie. Close Mid-Price: 23.2 Percentage Change: + 23.73% Day High: 26 Day Low: 21.35

Further movement against Music Magpie ABOVE 26 should improve acceleratio ……..

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LSE:TLW Tullow. Close Mid-Price: 38 Percentage Change: + 0.96% Day High: 38.46 Day Low: 35.88

In the event of Tullow enjoying further trades beyond 38.46, the share sh ……..

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