Author: T&T Staff

#Gold #SP500  As we slide down the slope toward the end of 2023, we decided we’d take a look at shares which were studied exactly a year ago and see how they’d performed. After all, the UK market hasn’t exactly been poised to deliver a quick buck to traders, instead performing with even slower speed of response for those folk calling a local council “pothole emergency” line.

Our local situation here in Argyll was proving fascinating, another flash flood swiftly removing road repairs from just a month earlier, creating a dangerous and deep pothole which, of course, filled with water. The sizeable trench quite literally acted as a car trap and when each vehicle was cleared, another would shortly afterward drive into the hole and come to an emergency stop. We were annoyed when our large Toyota 4WD had its exhaust damaged today, when my wife splashed through what she thought was a puddle. The local council “hotline” claimed it was receiving higher volumes of call but after 90 minutes on speakerphone, we decided to take a snapshot and just drive up to the council offices. It transpired they’d already despatched someone who’d trashed his van in the trench, was collected by another council vehicle, and in the excitement, forgot to emplace warning signs and traffic cones. But his van was still stuck and did have hazard lights flashing! By the time we headed home, emergency traffic lights were now in place

We must be the only part of the UK where the area is served by huge LED screens, alerting folk when the main A-class road is actually open. Everywhere else uses these signs to warn of closures but in Argyll, rather than fix a problem with landslides, the council deem a large sign saying “A83 Currently Open” resolves their lack of action quite neatly.

 

A year ago, we produced a scenario for Tesco, suggesting the potential of a share price lift to 259p initially with secondary, if beaten, at 266p. It took until the end of April for this to come to fruition, the share price eventually opting to toddle a little higher to 285 before falling back. This shouldn’t have been a surprise as we’d suspected the proximity of our target levels was suggesting some inevitable hesitations and this certainly proved to be the case. Despite exceed our target levels quite comprehensively, the share price managed to tumble back to 244, recovering to our 266p level repeatedly until September, when some effort was made to leverage Tesco share price upward again.

After all, there’s no point in exceeding our target levels, if a share price doesn’t intend to explore new highs.

 

At time of writing, Tesco are trading around 290p and doubtless poised to continue to reap the benefits of what the FT coined as “greedflation”, the policy of many supermarkets to increase prices well beyond anything justified by outside factors such as wages, fuel costs, electricity, etc.  Instead, they appear to be attempting a method which is quite basic and brutal. Increase prices by, for instance, 25% and if sales only drop by 20%, their profit margin will benefit. This methodology has been most noticed in their petrol stations, an area where both Tesco & Morrison’s excel in failing to follow the wholesale price of fuel.

For now, should Tesco manage above 292p, we shall regard the share price as being on a road toward an initial 310p with our secondary, if exceeded, now calculating at a very comfortable looking long term 348p Visually, there’s quite a strong suggestion closure above 310p shall be significant, making it difficult for the share price to abandon its attempts at future gains.

If everything intends go turkey shaped, the share price needs delve below 208p to suggest panic. To be fair, even below 278p would now justify a raised eyebrow.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:06:37PM	BRENT	7599.4									‘cess
10:20:34PM	GOLD	1981.6	1975	1945	1921	1984	1985	1993	1999	1980	‘cess
10:23:23PM	FTSE	7547.5									‘cess
10:27:23PM	STOX50	4541
10:29:56PM	GERMANY	16814.6
10:32:21PM	US500	4620	4596	4589	4578	4610	4622	4635	4648	4600	‘cess
10:35:39PM	DOW	36405.5									‘cess
10:39:20PM	NASDAQ	16227.1									‘cess
10:42:17PM	JAPAN	33107.8									Success

 

11/12/2023 FTSE Closed at 7544 points. Change of -0.13%. Total value traded through LSE was: £ 4,699,736,729 a change of -1.07%

8/12/2023 FTSE Closed at 7554 points. Change of 0.55%. Total value traded through LSE was: £ 4,750,603,507 a change of -16.53%

7/12/2023 FTSE Closed at 7513 points. Change of -0.03%. Total value traded through LSE was: £ 5,691,416,870 a change of -34.9%

6/12/2023 FTSE Closed at 7515 points. Change of 0.35%. Total value traded through LSE was: £ 8,742,933,283 a change of 113.36%

5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%

4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%

1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BLOE Block Energy PLC** **LSE:CCL Carnival** **LSE:EXPN Experian** **LSE:IHG Intercontinental Hotels Group** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TSCO Tesco** **

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Updated charts published on : Barrett Devs, Block Energy PLC, Carnival, Experian, Intercontinental Hotels Group, Marks and Spencer, Rolls Royce, Scancell, Scottish Mortgage Investment Trust, Tesco,

LSE:BDEV Barrett Devs. Close Mid-Price: 541.8 Percentage Change: + 0.97% Day High: 545.4 Day Low: 535.8

Further movement against Barrett Devs ABOVE 545.4 should improve accelera ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 0.75 Percentage Change: -9.09% Day High: 0.85 Day Low: 0.72

If Block Energy PLC experiences continued weakness below 0.72, it will in ……..

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LSE:CCL Carnival Close Mid-Price: 1261 Percentage Change: -1.94% Day High: 1296 Day Low: 1259

Further movement against Carnival ABOVE 1296 should improve acceleration ……..

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LSE:EXPN Experian. Close Mid-Price: 3121 Percentage Change: + 1.30% Day High: 3130 Day Low: 3072

Target met. In the event of Experian enjoying further trades beyond 3130, ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6912 Percentage Change: + 1.20% Day High: 6958 Day Low: 6818

Continued trades against IHG with a mid-price ABOVE 6958 should improve t ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 265 Percentage Change: + 1.84% Day High: 265.5 Day Low: 257.4

Target met. Continued trades against MKS with a mid-price ABOVE 265.5 sho ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 296.9 Percentage Change: + 2.63% Day High: 298.1 Day Low: 291

Target met. Continued trades against RR. with a mid-price ABOVE 298.1 sho ……..

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LSE:SCLP Scancell Close Mid-Price: 10.88 Percentage Change: -2.03% Day High: 11.12 Day Low: 10.88

Continued weakness against SCLP taking the price below 10.88 calculates a ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 747 Percentage Change: + 0.51% Day High: 750.8 Day Low: 739

Continued trades against SMT with a mid-price ABOVE 750.8 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 290.5 Percentage Change: + 0.90% Day High: 291.2 Day Low: 287.8

All Tesco needs are mid-price trades ABOVE 291.2 to improve acceleration ……..

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

In the department of “Did that really happen?”, Natwest share price is finally giving a very slight hint toward coming changes in its fortunes! We should, of course, slip in the word ‘potential’ before changes as this is a UK retail bank and thus, incapable of deserving any trust. But like the first Xmas tree in your road, our inclination is to take this as a sign of things to come. It’s funny to note we’ve been unable to put up our Xmas tree here in our bit of Argyll, due to incessant rotten weather. It has either been extremely windy or extremely wet or both at the same time. Regardless, the idea of working outside with 240v lighting in a tall windswept fir tree, has proven quite unattractive but perhaps this week shall allow us a couple of drier days.

This ‘real’ tree is 4 or 5 years old, has no needles and gets bolted in place. It was spray painted gloss white a few years ago, actually making quite a pretty sight once the lights are fitted in place. This year has been the first time it has been a challenge to even consider dragging it out from behind the shed.

 

If we examine the immediate chart for Natwest, the price has enacted a couple of share price movements which should suggest some optimism, perhaps even a slightly raised eyebrow. We often write about this signal, a share price exceeding the level of a trend break. This is something we generally use to justify erasing all our previous drop targets as essentially, all our work has been cancelled.   The second, more important signal, shows the share price exceeding the Blue downtrend since 2007, a rather less than exciting breakout but we cannot ignore the market opting to gap the share price upward on Friday. This tends confirm we’re not the only folk with a blue crayon and when we mix both signals together, it’s easy to make a presumption of some positive plans for the future.

If Natwest intends behave in a manner unbecoming of a British bank (ie; giving shareholders hope), we now regard above 228 as being a trigger level of some importance, on hopefully capable of propelling the share price to an initial 248 with secondary, if exceeded, calculating at a longer term 279p. We shall doubtless have plenty of time to revisit this, if it kicks off, but essentially above 228p places the share price in a Big Picture zone with a distant 316 allegedly exerting an influence.

To spoil the party and force us to stare stupidly at our upward calculations, the share price now needs close a session below 214p. Such a calamity dumps the share in a zone where reversal to an initial 192 looks possible with secondary, if broken, at 182p and the hope for another bounce while the monotonous story starts again…

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:13:44PM	BRENT	7586	7499	7460	7421	7592	7635	7692	7740	7509
9:15:37PM	GOLD	2004.32	1994	1981	1925	2015	2016	2024	2034	2002
9:19:02PM	FTSE	7559.4	7519	7493	7463	7541	7576	7590	7608	7548
9:22:28PM	STOX50	4527.8	4477	4451	4423	4509	4535	4579	4664	4485
9:24:40PM	GERMANY	16787	16630	16568	16490	16712	16802	16832	16866	16762
9:27:09PM	US500	4603.1	4571	4559	4542	4592	4610	4617	4633	4588
9:29:21PM	DOW	36240.9	36042	35938	35819	36168	36294	36311	36426	36197
9:31:31PM	NASDAQ	16075	15925	15874	15798	16034	16103	16161	16316	16010
9:41:37PM	JAPAN	32572	32421	32332	32229	32567	32639	32760	32955	32565

 

8/12/2023 FTSE Closed at 7554 points. Change of 0.55%. Total value traded through LSE was: £ 4,750,603,507 a change of -16.53%

7/12/2023 FTSE Closed at 7513 points. Change of -0.03%. Total value traded through LSE was: £ 5,691,416,870 a change of -34.9%

6/12/2023 FTSE Closed at 7515 points. Change of 0.35%. Total value traded through LSE was: £ 8,742,933,283 a change of 113.36%

5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%

4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%

1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%

30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AAL Anglo American** **LSE:AV. Aviva** **LSE:BDEV Barrett Devs** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:EXPN Experian** **LSE:IHG Intercontinental Hotels Group** **LSE:MMAG Music Magpie** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

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Updated charts published on : Anglo American, Aviva, Barrett Devs, Caspian, Carnival, Experian, Intercontinental Hotels Group, Music Magpie, Ocado Plc, Rolls Royce, Sainsbury, Scottish Mortgage Investment Trust, Tesco, Taylor Wimpey, Vodafone,

LSE:AAL Anglo American Close Mid-Price: 1802.6 Percentage Change: -18.97% Day High: 2148 Day Low: 1630

Target met. Continued weakness against AAL taking the price below 1630 ca ……..

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LSE:AV. Aviva. Close Mid-Price: 429.1 Percentage Change: + 0.28% Day High: 430 Day Low: 425.7

Continued trades against AV. with a mid-price ABOVE 430 should improve th ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 536.6 Percentage Change: -1.00% Day High: 544 Day Low: 532.4

In the event of Barrett Devs enjoying further trades beyond 544, the shar ……..

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LSE:CASP Caspian Close Mid-Price: 2.65 Percentage Change: -3.64% Day High: 2.75 Day Low: 2.65

Continued weakness against CASP taking the price below 2.65 calculates as ……..

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LSE:CCL Carnival. Close Mid-Price: 1286 Percentage Change: + 2.31% Day High: 1292 Day Low: 1262.5

Continued trades against CCL with a mid-price ABOVE 1292 should improve t ……..

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LSE:EXPN Experian. Close Mid-Price: 3081 Percentage Change: + 1.28% Day High: 3099 Day Low: 3041

Continued trades against EXPN with a mid-price ABOVE 3099 should improve ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6830 Percentage Change: + 3.64% Day High: 6836 Day Low: 6580

Target met. In the event of Intercontinental Hotels Group enjoying furthe ……..

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LSE:MMAG Music Magpie Close Mid-Price: 11.4 Percentage Change: -0.87% Day High: 11.75 Day Low: 10.75

Target met. Continued weakness against MMAG taking the price below 10.75 ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 627.4 Percentage Change: + 2.02% Day High: 645.6 Day Low: 613.6

Target met. All Ocado Plc needs are mid-price trades ABOVE 645.6 to impro ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 289.3 Percentage Change: + 1.08% Day High: 292.4 Day Low: 286.5

Target met. All Rolls Royce needs are mid-price trades ABOVE 292.4 to imp ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 294.8 Percentage Change: + 1.62% Day High: 300.7 Day Low: 294.3

Target met. Further movement against Sainsbury ABOVE 300.7 should improve ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 743.2 Percentage Change: + 1.09% Day High: 748.6 Day Low: 733

All Scottish Mortgage Investment Trust needs are mid-price trades ABOVE 7 ……..

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LSE:TSCO Tesco Close Mid-Price: 287.9 Percentage Change: -0.21% Day High: 290.8 Day Low: 287

Target met. Further movement against Tesco ABOVE 290.8 should improve acc ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 137.5 Percentage Change: + 0.29% Day High: 138.5 Day Low: 135.3

Target met. In the event of Taylor Wimpey enjoying further trades beyond ……..

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LSE:VOD Vodafone Close Mid-Price: 69.25 Percentage Change: -0.79% Day High: 70.08 Day Low: 68.75

Target met. If Vodafone experiences continued weakness below 68.75, it wi ……..

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

Vibrant, exciting, positive, are all words which cannot be used to describe the #FTSE. The markets behaviour for the start of December has been pretty awful but at least allows us to identify a couple of trigger levels, one for the near term and another important one for the longer term Big Picture.

There’s almost a pretty good argument favouring a future 8695 as exerting an attraction for the future. All the UK index needs do is exceed 7760 points to trigger some real fireworks. One thing which is quite fascinating about this trigger level is it was obviously generated by software but, when we look at the chart, market movements during May, July, and September managed to form a glass ceiling around the 7760 level. The puzzle for us comes from the fact our trigger level was generated due to market movements in 2020 and the work required by the FTSE to move away from the 4900 point bottom. What we can suggest now, the downtrend for 2023 appears pretty firmly formed and a nudge above 7760 shall certainly signify a breakout, breaking above the downtrend AND breaking above the illusory glass ceiling at 7760.

The reason we’re making so much noise about 7760 is the market actually doesn’t need try hard to achieve such an ambition. Allegedly, the first important box for movement to 7760 shall be ticked, if the FTSE manages to CLOSE a session above just 7532 points. At time of writing, it closed Thursday at 7513 points, so very little effort is required.

From a closer perspective, above 7542 points calculates with the potential of a lift to a fairly innocuous 7567 points with our secondary, if bettered, calculating at a confident looking 7625 points and a challenge against the Blue downtrend since February this year. If triggered, the market needs below 7512 to cancel, a fairly attractive stop loss position. But as always, if the movement happens in the opening second of the day, it will be perhaps best to ignore it and go pour a fresh coffee.

Unfortunately, market behaviour this week makes us suspect Friday shall experience some reversals, the index only needing below 7500 points to ring a small alarm bell, calculating with the chance of reversal to an initial 7482 along with a possible short lived bounce. Our secondary, if 7482 breaks, works out at 7451 points

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:36:24PM	BRENT	7437	7359	7343		7477	7902	7953		7710
9:38:11PM	GOLD	2028.34	2010	1980		2032	2040	2046		2024
9:46:03PM	FTSE	7511	7477	7454	7424	7499	7523	7531	7549	7504
9:48:33PM	STOX50	4473.8	4457	4445		4475	4486	4492		4466
9:51:54PM	GERMANY	16629.3	16592	16535		16645	16670	16677		16614
9:54:39PM	US500	4578.8	4543	4530		4553	4586	4594		4567	‘cess
9:56:48PM	DOW	36098	35973	35897		36055	36167	36225		36099
9:59:18PM	NASDAQ	15993	15774	15710		15839	16047	16128		15987	Success
10:04:42PM	JAPAN	32404	32171	32076		32421	32954	33228		32694	Success

 

7/12/2023 FTSE Closed at 7513 points. Change of -0.03%. Total value traded through LSE was: £ 5,691,416,870 a change of -34.9%

6/12/2023 FTSE Closed at 7515 points. Change of 0.35%. Total value traded through LSE was: £ 8,742,933,283 a change of 113.36%

5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%

4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%

1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%

30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%

29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%

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:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:EZJ EasyJet** **LSE:IHG Intercontinental Hotels Group** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:SBRY Sainsbury** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

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Updated charts published on : Barrett Devs, BP PLC, British Telecom, Carnival, EasyJet, Intercontinental Hotels Group, Music Magpie, National Glib, Oxford Instruments, Sainsbury, Taylor Wimpey, Vodafone,

LSE:BDEV Barrett Devs. Close Mid-Price: 542 Percentage Change: + 1.92% Day High: 540.8 Day Low: 528.6

Continued trades against BDEV with a mid-price ABOVE 540.8 should improve ……..

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LSE:BP. BP PLC Close Mid-Price: 460.25 Percentage Change: -1.22% Day High: 466.05 Day Low: 459.7

Target met. Weakness on BP PLC below 459.7 will invariably lead to 450p w ……..

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LSE:BT.A British Telecom Close Mid-Price: 134.4 Percentage Change: -1.65% Day High: 137.3 Day Low: 132.15

Target met. In the event of British Telecom enjoying further trades beyon ……..

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LSE:CCL Carnival. Close Mid-Price: 1257 Percentage Change: + 1.70% Day High: 1270 Day Low: 1215

Target met. All Carnival needs are mid-price trades ABOVE 1270 to improve ……..

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LSE:EZJ EasyJet. Close Mid-Price: 483.4 Percentage Change: + 0.10% Day High: 487.8 Day Low: 469.2

In the event of EasyJet enjoying further trades beyond 487.8, the share s ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6590 Percentage Change: + 2.33% Day High: 6586 Day Low: 6384

Target met. All Intercontinental Hotels Group needs are mid-price trades ……..

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LSE:MMAG Music Magpie Close Mid-Price: 11.5 Percentage Change: -8.00% Day High: 12.5 Day Low: 11.75

Target met. In the event Music Magpie experiences weakness below 11.75 it ……..

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LSE:NG. National Glib. Close Mid-Price: 1066 Percentage Change: + 1.38% Day High: 1072.5 Day Low: 1052

Target met. Further movement against National Glib ABOVE 1072.5 should im ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2100 Percentage Change: -2.10% Day High: 2240 Day Low: 2085

In the event of Oxford Instruments enjoying further trades beyond 2240, t ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 290.1 Percentage Change: + 0.03% Day High: 291.8 Day Low: 288.3

All Sainsbury needs are mid-price trades ABOVE 291.8 to improve accelerat ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 137.1 Percentage Change: + 1.82% Day High: 137.25 Day Low: 134.1

Further movement against Taylor Wimpey ABOVE 137.25 should improve accele ……..

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LSE:VOD Vodafone Close Mid-Price: 69.8 Percentage Change: -3.31% Day High: 71.73 Day Low: 69.71

In the event Vodafone experiences weakness below 69.71 it calculates with ……..

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

#Bitcoin #Brent  It’s that time again, when numerous analysts will write sagely about Bitcoin, announcing it’s obviously going to hitherto unforeseen levels and has become the currency of choice worldwide. Or at, in a small part of El Salvador. The president of El Salvador has been enthusiastically buying Bitcoin since 2021 using public money, spending nearly £100 million on Bitcoin and now, as he starts to campaign for his next election, is able to announce his investment has finally moved into profit. When compared with the despotic regime of Nicola Sturgeon in Scotland, the blokes strategy made some sense. The best she seemed to come up with was buying a top end camper van, one which was confiscated by the police!

Excitement over Bitcoin should necessarily be tempered with a doze of reality, thanks to the price finally regaining the level at which it was at in April 2022.  Investors at that level saw the value drop by 2/3rd, eventually bottoming (hopefully) at the $15000 level. Of course, now it will be the case folk are suggesting “It needed to go down a lot, so it can go even higher!”, this statement usually proving the final kiss of death for UK AIM shares just before they get delisted.

However, we shall be generous as Bitcoin could easily have collapsed during the reversal cycle from 2020, especially as it spent an indecent amount of time trading in a zone which calculated with an eventual “ultimate bottom” down at the 1200 dollar level. The fact it choice to bounce, almost exactly half way to the ultimate drop target gives considerable hope, suggesting the market actually has some real confidence for the longer term. As for why Bitcoin and Gold are currently surging, it’s difficult to pin down any single reason as so much else feels like it’s living a life of uncertainty. Perhaps it shall be the case the hiatus with interest rates shall somehow be credited with confidence in crypto and Gold, perhaps it’s enthusiasm we shall not need sit through any more boring Grand Prix races for a while…

 

The situation for Bitcoin near term is quite positive as we can calculate movement next above 45000 dollars should provoke a lift to an initial $47422. Of greater interest is our longer term secondary, calculating at a presumably distant $61425, slightly lower than the highs of 2021 but crucially taking the value into territory where a long term calculation gives a future $77100 as exerting influence, along with a new all time high. And doubtless giving el-president in El Salvador sufficient excuse to get seriously drunk, perhaps even choosing to buy a motor home.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:07:04PM	BRENT	7419.2	7416	7346	6974	7747	7758	7898	8059	7492	‘cess
9:11:34PM	GOLD	2026.32
9:14:08PM	FTSE	7494.5									Success
9:17:45PM	STOX50	4468
9:20:57PM	GERMANY	16624									‘cess
9:24:49PM	US500	4548.5									Success
9:28:04PM	DOW	36049									Success
9:32:10PM	NASDAQ	15786.2									Success
9:36:37PM	JAPAN	33162	33143	32980	32817	33222	33335	33380	33459	33219

 

6/12/2023 FTSE Closed at 7515 points. Change of 0.35%. Total value traded through LSE was: £ 8,742,933,283 a change of 113.36%

5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%

4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%

1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%

30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%

29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%

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%

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:BME B & M** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:MMAG Music Magpie** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:QED Quadrise** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Barrett Devs, B & M, British Telecom, Caspian, Carnival, EasyJet, Hikma, Intercontinental Hotels Group, Music Magpie, National Glib, Ocado Plc, Quadrise, Tesco, Taylor Wimpey,

LSE:BDEV Barrett Devs. Close Mid-Price: 531.8 Percentage Change: + 1.10% Day High: 532.6 Day Low: 522.2

All Barrett Devs needs are mid-price trades ABOVE 532.6 to improve accele ……..

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LSE:BME B & M. Close Mid-Price: 612.4 Percentage Change: + 1.59% Day High: 616.8 Day Low: 602.8

Target met. Continued trades against BME with a mid-price ABOVE 616.8 sho ……..

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LSE:BT.A British Telecom. Close Mid-Price: 136.65 Percentage Change: + 4.91% Day High: 136.85 Day Low: 130.8

Target met. All British Telecom needs are mid-price trades ABOVE 136.85 t ……..

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LSE:CASP Caspian Close Mid-Price: 2.75 Percentage Change: -3.51% Day High: 2.85 Day Low: 2.75

In the event Caspian experiences weakness below 2.75 it calculates with a ……..

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LSE:CCL Carnival. Close Mid-Price: 1236 Percentage Change: + 6.00% Day High: 1241 Day Low: 1164

Target met. In the event of Carnival enjoying further trades beyond 1241, ……..

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LSE:EZJ EasyJet. Close Mid-Price: 482.9 Percentage Change: + 3.03% Day High: 483 Day Low: 472.5

Further movement against EasyJet ABOVE 483 should improve acceleration to ……..

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LSE:HIK Hikma. Close Mid-Price: 1803 Percentage Change: + 0.22% Day High: 1811 Day Low: 1790.5

All Hikma needs are mid-price trades ABOVE 1811 to improve acceleration t ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6440 Percentage Change: + 1.45% Day High: 6460 Day Low: 6364

Target met. Further movement against Intercontinental Hotels Group ABOVE ……..

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LSE:MMAG Music Magpie Close Mid-Price: 12.5 Percentage Change: -3.85% Day High: 13 Day Low: 12.5

Weakness on Music Magpie below 12.5 will invariably lead to 12p next with ……..

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LSE:NG. National Glib. Close Mid-Price: 1051.5 Percentage Change: + 1.59% Day High: 1053.5 Day Low: 1036.5

All National Glib needs are mid-price trades ABOVE 1053.5 to improve acce ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 612.2 Percentage Change: + 2.37% Day High: 635 Day Low: 596.4

Continued trades against OCDO with a mid-price ABOVE 635 should improve t ……..

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LSE:QED Quadrise. Close Mid-Price: 2.9 Percentage Change: + 19.83% Day High: 3.3 Day Low: 2.5

Further movement against Quadrise ABOVE 3.3 should improve acceleration t ……..

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LSE:TSCO Tesco. Close Mid-Price: 286.7 Percentage Change: + 0.92% Day High: 287 Day Low: 285.4

Continued trades against TSCO with a mid-price ABOVE 287 should improve t ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 134.65 Percentage Change: + 1.39% Day High: 135.35 Day Low: 132.75

Continued trades against TW. with a mid-price ABOVE 135.35 should improve ……..

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

#FTSE #Stoxx50  It’s probably easier to explain current events in Israel, rather to provide a quick and simple description of Ethernity’s business. Listed on the UK AIM market, we’re fairly confident we’d utterly foul up any attempt to explain what this company based in Israel actually do. However, a bunch of emails asking for our thoughts on their share price took us into an area where we’re happier.

Our usual grumble with companies, specifically Fintech organisations, is their predisposition to use industry and marketing gibberish to make their field sound interesting and their position as being a leader. With Ethernity, this isn’t the case. They work with something called “Field Programmable Gate Arrays” which brutally could be described as a computer with a Read Only tab in position, only in this instance the simile could be more fairly thought of us a memory chip, hard programmed at the factory, but one which can be altered in the field. And at this point, we give up. To experience further confusion, visit the Ethernity website as there’s a plethora of rabbit holes for the casual reader to vanish down.

 

The last 5 years has seen this share price experience some pretty horrible movements, relaxing below the 60p level, and it’s currently trading in a zone where we cannot realistically calculate a logical bottom. There’s a fairly reasonable visible assumption the visit to 0.22p in October represented a bottom, one which certainly can be justified by movements in 2021 but from a Big Picture perspective, we’re not entirely convinced as it’s very easy to now produce a series of drop targets, all prefaced with impossible minus signs!

However, judging by the emails received, something about the company is currently attracting some interest, hopefully not a campaign of false optimism from an internet chatroom.

Presently trading around 1.4p, the share price needs exceed .2.4p before we dare take any rise seriously. A movement such as this is liable to trigger price recovery to an initial 4.4p and visually, an excuse for some hesitation. Our longer term secondary, if 4.4p is exceeded, calculates at 5.5p. At such a level, there’s a software demand for the share price to close at target as this would enable some “proper” longer term gains.

Due to movements this year, the share price is now trading in a zone where a potential bottom can now be calculated at 0.34p and to judge by the chart, below 1p would certainly justify buying running shoes. As a result, this is definitely one where “fingers crossed” is a viable strategy for the present.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:19:52PM	BRENT	7718
9:22:31PM	GOLD	2019.08									‘cess
9:28:52PM	FTSE	7480	7459	7448	7416	7490	7500	7507	7523	7480	‘cess
9:44:29PM	STOX50	4447.8	4415	4403	4384	4440	4459	4498	4668	4421	Success
10:11:02PM	GERMANY	16618									Success
10:14:02PM	US500	4566.4
10:16:34PM	DOW	36116.5
10:19:01PM	NASDAQ	15871.4
10:27:25PM	JAPAN	32912

 

5/12/2023 FTSE Closed at 7489 points. Change of -0.31%. Total value traded through LSE was: £ 4,097,792,180 a change of -8.47%

4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%

1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%

30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%

29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%

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%

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:BME B & M** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:MMAG Music Magpie** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Barclays, B & M, British Telecom, Carnival, Hikma, Intercontinental Hotels Group, Music Magpie, Rolls Royce, Tesco, Taylor Wimpey,

LSE:BARC Barclays Close Mid-Price: 139.46 Percentage Change: -2.46% Day High: 140.12 Day Low: 136.5

Continued weakness against BARC taking the price below 136.5 calculates a ……..

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LSE:BME B & M. Close Mid-Price: 602.8 Percentage Change: + 0.77% Day High: 606 Day Low: 595

Target met. In the event of B & M enjoying further trades beyond 606, the ……..

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LSE:BT.A British Telecom. Close Mid-Price: 130.25 Percentage Change: + 3.29% Day High: 131 Day Low: 125.2

Target met. Continued trades against BT.A with a mid-price ABOVE 131 shou ……..

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LSE:CCL Carnival. Close Mid-Price: 1166 Percentage Change: + 2.19% Day High: 1170 Day Low: 1139.5

Target met. Further movement against Carnival ABOVE 1170 should improve a ……..

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LSE:HIK Hikma. Close Mid-Price: 1799 Percentage Change: + 1.67% Day High: 1800.5 Day Low: 1752

In the event of Hikma enjoying further trades beyond 1800.5, the share sh ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6348 Percentage Change: + 0.25% Day High: 6374 Day Low: 6300

Continued trades against IHG with a mid-price ABOVE 6374 should improve t ……..

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LSE:MMAG Music Magpie Close Mid-Price: 13 Percentage Change: -7.14% Day High: 14 Day Low: 13

If Music Magpie experiences continued weakness below 13, it will invariab ……..

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LSE:RR. Rolls Royce Close Mid-Price: 284.7 Percentage Change: -0.25% Day High: 289 Day Low: 280.8

In the event of Rolls Royce enjoying further trades beyond 289, the share ……..

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LSE:TSCO Tesco. Close Mid-Price: 284.1 Percentage Change: + 1.03% Day High: 285.4 Day Low: 280.1

In the event of Tesco enjoying further trades beyond 285.4, the share sho ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 132.8 Percentage Change: + 0.80% Day High: 133.5 Day Low: 130.95

All Taylor Wimpey needs are mid-price trades ABOVE 133.5 to improve accel ……..

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

#Gold #Nasdaq  Aside from an email asking us to review this, the company name alone made it an interesting proposition. Once upon a time, the choice of a Xmas present was a jade pendant, a pretty looking slender donut of the gem with the centre holding a gold pictogram which obviously meant something romantic. To be honest, neither of us were curious but one evening, the mystery was solved by a waitress at a Chinese restaurant. She admired the pendant and asked, did you buy it in Kowloon? The lettering said “Kowloon”, my other half now knowing she’d been wearing the equivalent of a baseball cap with a Trump logo on it.

The pendant was discretely retired to her jewellery drawer, never to be seen again!

 

Unless Jadestone have a side hustle flogging junk to unsuspecting tourists, the Asia focussed oil and gas company appear to have a share price which is poised to make some positive movement, a pleasant change for a member of the AIM market in London. The visit to 21p back in September has possibly defined a “bottom” for the share and now, it ideally needs start going up to make life interesting.

Now above just 39p is liable to prove significant, calculating with the potentials of a lift up to an initial 49p. Closure above such a level should prove important in the grand scheme of things, working out with a future ambition coming from 71p and the chance of a challenge against the immediate Blue downtrend. Recovery such as this will also give the share price an opportunity to exceed the level at which the Red uptrend was breached and this, traditionally, is something we regard as a good sign, one often capable of provoking Big Picture movement for the longer term.

Jadestone are on the edge of moving and we suspect they shall prove worth watching in the month ahead. And finally, if things intend go wrong, now below 21p would be a problem as it risks triggering a visit to our ultimate bottom of just 8p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:39:51PM	BRENT	7817.5									‘cess
9:45:07PM	GOLD	2029.44	2020	2013	1985	2033	2078	2096	2122	2058	Success
9:49:56PM	FTSE	7507.7
9:53:00PM	STOX50	4420.1
10:25:45PM	GERMANY	16424.7
10:28:34PM	US500	4564.3
10:31:25PM	DOW	36180
10:34:17PM	NASDAQ	15825.9	15702	15569	15367	15840	15975	16069	16194	15874	Success
10:37:14PM	JAPAN	33057									Success

 

4/12/2023 FTSE Closed at 7512 points. Change of -0.23%. Total value traded through LSE was: £ 4,476,825,041 a change of -0.54%

1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%

30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%

29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%

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%

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:BDEV Barrett Devs** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:IHG Intercontinental Hotels Group** **LSE:OCDO Ocado Plc** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **LSE:STAR Star Energy** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Asos, Barrett Devs, B & M, BP PLC, British Telecom, Carnival, Centamin, EasyJet, Fresnillo, Genel, Intercontinental Hotels Group, Ocado Plc, Quadrise, Rolls Royce, Star Energy, Taylor Wimpey,

LSE:ASC Asos. Close Mid-Price: 388.9 Percentage Change: + 0.41% Day High: 411 Day Low: 386.3

Further movement against Asos ABOVE 411 should improve acceleration towar ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 522.6 Percentage Change: + 0.54% Day High: 527.6 Day Low: 516.8

Further movement against Barrett Devs ABOVE 527.6 should improve accelera ……..

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LSE:BME B & M. Close Mid-Price: 598.2 Percentage Change: + 1.56% Day High: 602.6 Day Low: 587

All B & M needs are mid-price trades ABOVE 602.6 to improve acceleration ……..

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LSE:BP. BP PLC Close Mid-Price: 471.95 Percentage Change: -1.35% Day High: 474 Day Low: 465.7

If BP PLC experiences continued weakness below 465.7, it will invariably ……..

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LSE:BT.A British Telecom. Close Mid-Price: 126.1 Percentage Change: + 1.98% Day High: 126.6 Day Low: 123.7

Further movement against British Telecom ABOVE 126.6 should improve accel ……..

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LSE:CCL Carnival. Close Mid-Price: 1141 Percentage Change: + 5.50% Day High: 1149 Day Low: 1082.5

Target met. Continued trades against CCL with a mid-price ABOVE 1149 shou ……..

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LSE:CEY Centamin. Close Mid-Price: 101.3 Percentage Change: + 0.80% Day High: 103.4 Day Low: 100.6

Target met. Further movement against Centamin ABOVE 103.4 should improve ……..

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LSE:EZJ EasyJet. Close Mid-Price: 474.8 Percentage Change: + 0.42% Day High: 481.9 Day Low: 467.8

All EasyJet needs are mid-price trades ABOVE 481.9 to improve acceleratio ……..

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LSE:FRES Fresnillo Close Mid-Price: 587.4 Percentage Change: -0.94% Day High: 598.2 Day Low: 582.4

Further movement against Fresnillo ABOVE 598.2 should improve acceleratio ……..

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LSE:GENL Genel Close Mid-Price: 70.7 Percentage Change: -2.62% Day High: 73.9 Day Low: 68.6

Target met. Continued weakness against GENL taking the price below 68.6 c ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6332 Percentage Change: + 0.44% Day High: 6366 Day Low: 6242

Target met. In the event of Intercontinental Hotels Group enjoying furthe ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 593.6 Percentage Change: -0.10% Day High: 626.2 Day Low: 585.2

In the event of Ocado Plc enjoying further trades beyond 626.2, the share ……..

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LSE:QED Quadrise. Close Mid-Price: 2.56 Percentage Change: + 16.36% Day High: 3.1 Day Low: 2.35

Target met. All Quadrise needs are mid-price trades ABOVE 3.1 to improve ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 285.4 Percentage Change: + 3.14% Day High: 288.3 Day Low: 281.1

Target met. Further movement against Rolls Royce ABOVE 288.3 should impro ……..

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LSE:STAR Star Energy. Close Mid-Price: 8.15 Percentage Change: + 0.00% Day High: 7.96 Day Low: 7.51

If Star Energy experiences continued weakness below 7.51, it will invaria ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 131.75 Percentage Change: + 0.57% Day High: 132.9 Day Low: 130.65

In the event of Taylor Wimpey enjoying further trades beyond 132.9, the s ……..

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

#Brent #DAX  The question must be asked, do the weather forecasting folk get paid according to how many clicks they generate? Most folk have probably become immune to the standard media tactic of generating a headline which is completely contrary to the actual story but, with weather, we’d hope the Met Office would try and adopt a tactic of being accurate.  After all, in an age when a mobile phone appears capable of telling what time the rain will stop, why are the Met Office issuing “Yellow Alerts” for snow across wide areas? It’s gotten to the stage where we choose to ignore these Met Office panics as they’re capable of real life consequences.

One such happened recently, opting to cancel a hospital appointment on the mainland as there was apparently a certainty the ferries would be cancelled. The 60mph winds decided not to turn up, the ferry timetable was not affected, and the hospital used a courier to send out an urgent supply of chemo pills. With another hospital visit scheduled for today, there was a feeling of déjà vu with the latest “Yellow Alert” and this time, it’s getting ignored. But the whole contrived  drama of clickbait headlines constantly bothers us and perhaps exerts a subconscious influence, lest we fall into the trap of promising the heavens.

 

Lloyds is currently a great case in point.

Based on share price movements on Thursday and Friday, we can cheerfully announce “Lloyds Heading to 120p!”

The thing is, something possibly important actually did occur with Lloyds, the market deciding to pour some pixie dust over the share and allowing it to nudge above the Blue 2023 downtrend. On the chart inset, we’ve circled a bunch of recent nudges upward at the market open on three occasions during November, giving a broad hint “they” were up to something. The immediate situation suggests above 44.5p should make an attempt at 46p next with our secondary, if beaten, calculating at 48.2p. Obviously, neither ambition is anywhere close to 120p but the fact the market has started nudging Lloyds upward is surely meaningful.

In this instance, we can provide a third target level, if 48.2p is bettered, as a future 53.7 works out as possible. The visuals indicate some hesitation can be anticipated, if such a target makes itself known. To cancel this truly festive outpouring of optimism, the share price needs wither below 43p.

Oh, and should Lloyds ever discover a reason to close a session above 53.7p, it actually will find itself residing in a Big Picture zone, one where we shall argue in favour of a long term attraction coming from 120p!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:14:32PM	BRENT	7905.7	7858	7763	7534	8148	8196	8258	8387	8009
9:50:13PM	GOLD	2071.8								2035
9:52:47PM	FTSE	7522								7480
9:56:47PM	STOX50	4422.5								4400
9:59:16PM	GERMANY	16428.4	16240	16193	16110	16314	16442	16464	16580	16406
10:04:17PM	US500	4594.6								4565
10:06:38PM	DOW	36256								35971
10:08:41PM	NASDAQ	15996.3								15952
10:11:07PM	JAPAN	33473								33437

 

1/12/2023 FTSE Closed at 7529 points. Change of 1.02%. Total value traded through LSE was: £ 4,501,021,882 a change of -55.19%

30/11/2023 FTSE Closed at 7453 points. Change of 0.4%. Total value traded through LSE was: £ 10,044,675,963 a change of 155.31%

29/11/2023 FTSE Closed at 7423 points. Change of -0.43%. Total value traded through LSE was: £ 3,934,274,294 a change of -13.77%

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%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:MMAG Music Magpie** **LSE:QED Quadrise** **LSE:RR. Rolls Royce** **LSE:SPT Spirent Comms** **LSE:STAR Star Energy** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Barrett Devs, Block Energy PLC, B & M, Carnival, Centamin, EasyJet, ITM Power, ITV, Music Magpie, Quadrise, Rolls Royce, Spirent Comms, Star Energy, Taylor Wimpey,

LSE:BDEV Barrett Devs. Close Mid-Price: 519.8 Percentage Change: + 1.17% Day High: 521.4 Day Low: 514

Target met. In the event of Barrett Devs enjoying further trades beyond 5 ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 0.85 Percentage Change: -5.56% Day High: 0.9 Day Low: 0.82

Target met. In the event Block Energy PLC experiences weakness below 0.82 ……..

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LSE:BME B & M. Close Mid-Price: 589 Percentage Change: + 2.68% Day High: 592.2 Day Low: 573.4

Further movement against B & M ABOVE 592.2 should improve acceleration to ……..

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LSE:CCL Carnival. Close Mid-Price: 1081.5 Percentage Change: + 3.89% Day High: 1089 Day Low: 1053

All Carnival needs are mid-price trades ABOVE 1089 to improve acceleratio ……..

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LSE:CEY Centamin. Close Mid-Price: 100.5 Percentage Change: + 3.93% Day High: 100.3 Day Low: 96.55

Continued trades against CEY with a mid-price ABOVE 100.3 should improve ……..

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LSE:EZJ EasyJet. Close Mid-Price: 472.8 Percentage Change: + 4.30% Day High: 469.9 Day Low: 453

Continued trades against EZJ with a mid-price ABOVE 469.9 should improve ……..

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LSE:ITM ITM Power. Close Mid-Price: 51.54 Percentage Change: + 0.51% Day High: 52.56 Day Low: 48.53

In the event ITM Power experiences weakness below 48.53 it calculates wit ……..

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LSE:ITV ITV Close Mid-Price: 59.76 Percentage Change: -0.60% Day High: 60.5 Day Low: 58.36

Target met. Weakness on ITV below 58.36 will invariably lead to 57p with ……..

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LSE:MMAG Music Magpie Close Mid-Price: 14 Percentage Change: -5.08% Day High: 14.75 Day Low: 13.75

Continued weakness against MMAG taking the price below 13.75 calculates a ……..

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LSE:QED Quadrise. Close Mid-Price: 2.2 Percentage Change: + 22.91% Day High: 2.4 Day Low: 1.75

Target met. Continued trades against QED with a mid-price ABOVE 2.4 shoul ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 276.7 Percentage Change: + 2.94% Day High: 276 Day Low: 271.8

Continued trades against RR. with a mid-price ABOVE 276 should improve th ……..

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LSE:SPT Spirent Comms Close Mid-Price: 110.3 Percentage Change: -3.42% Day High: 119.3 Day Low: 110.7

Target met. All Spirent Comms needs are mid-price trades ABOVE 119.3 to i ……..

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LSE:STAR Star Energy. Close Mid-Price: 8.15 Percentage Change: + 2.90% Day High: 7.54 Day Low: 7.54

Weakness on Star Energy below 7.54 will invariably lead to 7.2p with seco ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 131 Percentage Change: + 1.12% Day High: 131.8 Day Low: 129.95

Further movement against Taylor Wimpey ABOVE 131.8 should improve acceler ……..

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