HSBC Holdings Plc (LSE:HSBA), a happy new year?

#FTSE #WallSt

Some light amusement can be had by visiting the “Controversies” section of HSBC’s Wikipedia page. Basically, it appears difficult for a scandal to roll past the bank without someone uncovering their involvement. Even the recent German coal mining flap, now dropped by the media, reveals HSBC made loans to the miner. As they were part of a consortium of 25 bankers financing multi billion Euro loads, more important questions would deserve being asked, if they were NOT involved.

Another aspect of HSBC provided a surprise, though it really shouldn’t. The company was founded in 1865 by a Scottish bloke, continuing a tradition of an irrational number of large institutions being able to trace their roots back to ex-pats from the Edinburgh banking community. HSBC are regarded as one of the worlds strongest banks, a detail confirmed in 2007 when the financial crisis was starting to smoulder. Required by the UK treasury to increase their available capital, the company immediately transferred £750 million to London, along with lending £4 Billion to other UK banks!

 

However, despite a stonking CV, HSBC share price has tended remain in the doldrums, effectively matching the test of the banking sector. However, with share price movements this year, it appears this homage to mediocrity may be changing.

Elsewhere in Europe and the US, when share prices (and index values) start exceeding their pre-pandemic highs, it has invariably proven as a signal for happier days ahead and in the case of HSBC, it has closed – and stuttered – at the 600p level, visually confirming this is probably a fair trigger.

Movement above 600p looks capable of provoking gains to an initial 635p with secondary, if bettered, calculating at a sane looking 750p. The share price has an obvious downtrend since 2006, one which we’re unable to arithmetically provide a collision zone for the share price. If we’re honest, it’s already the case a distant looking 918p works out as a seriously long term target, hence a suspicion this important looking Blue downtrend shall prove to be a footnote in history.

 

For everything to go horribly wrong for HSBC, their share price needs to close a session below 533p to utterly foul all the foregoing calculations.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:19:38PM BRENT 86.32 ‘cess
9:21:44PM GOLD 1938.09 ‘cess
9:31:12PM FTSE 7773 7742 7720 7690 7771 7806 7832 7862 7764
9:33:02PM STOX50 4165.01
9:35:43PM GERMANY 15129 Shambles
9:37:21PM US500 4025.87
10:36:42PM DOW 33759 33302 32798 32269 33445 33795 33826 33975 33682
10:38:20PM NASDAQ 11920
10:40:24PM JAPAN 27197 ‘cess

 

24/01/2023 FTSE Closed at 7757 points. Change of -0.09%. Total value traded through LSE was: £ 5,520,852,512 a change of 27.06%
23/01/2023 FTSE Closed at 7764 points. Change of -0.08%. Total value traded through LSE was: £ 4,345,074,257 a change of -16.34%
20/01/2023 FTSE Closed at 7770 points. Change of 0.3%. Total value traded through LSE was: £ 5,193,532,558 a change of -8.71%
19/01/2023 FTSE Closed at 7747 points. Change of -1.06%. Total value traded through LSE was: £ 5,688,982,543 a change of 12.09%
18/01/2023 FTSE Closed at 7830 points. Change of -0.27%. Total value traded through LSE was: £ 5,075,315,047 a change of -21.93%
17/01/2023 FTSE Closed at 7851 points. Change of -0.11%. Total value traded through LSE was: £ 6,501,128,630 a change of 48.1%
16/01/2023 FTSE Closed at 7860 points. Change of 0.2%. Total value traded through LSE was: £ 4,389,692,147 a change of -22.72%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **

********

Updated charts published on : BALFOUR BEATTY, MAN, EasyJet, Greggs, HSBC, British Airways, Intercontinental Hotels Group, International Personal Finance, Lloyds Grp., Oxford Instruments, Rolls Royce,

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 368 Percentage Change: + 1.43% Day High: 371.4 Day Low: 362.8

Further movement against BALFOUR BEATTY ABOVE 371.4 should improve accele ……..

Subscribe for more

</p

View Previous BALFOUR BEATTY & Big Picture ***

LSE:EMG MAN Close Mid-Price: 242.5 Percentage Change: -0.08% Day High: 246.1 Day Low: 236.7

In the event of MAN enjoying further trades beyond 246.1, the share shoul ……..

Subscribe for more

</p

View Previous MAN & Big Picture ***

LSE:EZJ EasyJet. Close Mid-Price: 468 Percentage Change: + 4.00% Day High: 470.7 Day Low: 453.7

Target met. Further movement against EasyJet ABOVE 470.7 should improve a ……..

Subscribe for more

</p

View Previous EasyJet & Big Picture ***

LSE:GLEN Glencore Xstra Close Mid-Price: 565.6 Percentage Change: -2.16% Day High: 582.2 Day Low: 558.8

All Glencore Xstra needs are mid-price trades ABOVE 585 to now improve a ……..

Subscribe for more

</p

View Previous Glencore Xstra & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2676 Percentage Change: + 1.67% Day High: 2702 Day Low: 2636

In the event of Greggs enjoying further trades beyond 2702, the share sho ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:HSBA HSBC. Close Mid-Price: 594.8 Percentage Change: + 0.46% Day High: 597.5 Day Low: 589.4

Continued trades against HSBA with a mid-price ABOVE 597.5 should improve ……..

Subscribe for more

</p

View Previous HSBC & Big Picture ***

LSE:IAG British Airways. Close Mid-Price: 166.32 Percentage Change: + 2.43% Day High: 166.06 Day Low: 162.24

In the event of British Airways enjoying further trades beyond 166.06, t ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5700 Percentage Change: + 0.96% Day High: 5724 Day Low: 5626

All Intercontinental Hotels Group needs are mid-price trades ABOVE 5724 t ……..

Subscribe for more

</p

View Previous Intercontinental Hotels Group & Big Picture ***

LSE:IPF International Personal Finance Close Mid-Price: 79.4 Percentage Change: -1.98% Day High: 82.9 Day Low: 79

Continued trades against IPF with a mid-price ABOVE 82.9 should improve t ……..

Subscribe for more

</p

View Previous International Personal Finance & Big Picture ***

LSE:LLOY Lloyds Grp.. Close Mid-Price: 50.13 Percentage Change: + 0.64% Day High: 50.25 Day Low: 49.67

In the event of Lloyds Grp. enjoying further trades beyond 50.25, the sha ……..

Subscribe for more

</p

View Previous Lloyds Grp. & Big Picture ***

LSE:OXIG Oxford Instruments. Close Mid-Price: 2335 Percentage Change: + 1.97% Day High: 2370 Day Low: 2285

Target met. Further movement against Oxford Instruments ABOVE 2370 should ……..

Subscribe for more

</p

View Previous Oxford Instruments & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 111.4 Percentage Change: + 2.96% Day High: 112.04 Day Low: 108.64

In the event of Rolls Royce enjoying further trades beyond 112.04, the sh ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

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

Angle Plc (LSE:AGL), the right tool for the job? 

#Gold #SP500

As one of these blokes who just doesn’t understand how some things work, ie; washing machines, electric irons, and most recently, a little household device which somehow tests a tiny smear of blood, calling into question a recent medical diagnosis of Type 2 Diabetes*. Awe best describes how I feel about the work done by Angle Plc.  It’s easy to be impressed with their gadgets.

 

Just 10 years ago, reporting to “the unit” in hospital for blood tests always was a difficult time.

Firstly (and still unchanged), nursing staff are frustrated lumberjacks, wielding their needles while really wanting a chainsaw. And it’s no less painful when they stab a vein to fill 7 test tubes with blood. Strange to say, what happens next always proved harder to handle, the 90 minute wait while blood is analysed, then a sit-down chat with Mr Consultant. Cancer unit waiting rooms were rarely cheerful places, their very nature producing invisible dark clouds over a bunch of folk, each hoping for the best while dreading the worst.

After perhaps 5 years of tolerating this gloom, a personal decision to “get folk talking” actually worked, usually only needing one outrageous comment to break the ice. For instance, complaining out loud  (with a grin) about the frankly terrifying parking in the disabled parking zone, mentioning a blue badge doesn’t mean you have to park like a beginner, always brings out stories from other guests. With the discovery the waiting room didn’t need to be 90 minutes of silent fear, every monthly visit became a personal mission to allow those who wanted to talk, to talk about anything, other than the real reason we were all there.

And then suddenly, it ended.

Telling the ward sister I was popping downstairs for a newspaper and returning 15 minutes later, Mr Consultant was pacing the corridor, waiting. It transpired the lab had a new diagnosis machine, blood work now being produced in minutes. My unread copy of the Daily Mail went straight into a bin, ammunition for my ad hoc comedy sketch no longer required.

*After a diabetes diagnosis, buying the recommended testing machine managed to confirm my blood sugar levels as normal, regardless of the time of day tested. About the only thing I haven’t tried is run a test while actually chewing a sugar cube. The GP practice confirm they shall again test in a few months, just in case we’d an aberration result.

 

Angle Plc, known for making the Parsortix machine, a device which appears capable of some really clever work in the treatment and diagnosis of various cancers. It’s fairly easy to turn into some sort of fanboy about this sort of thing, after experiencing the horror of prolonged delays for bloodwork results, so perhaps it shall be worth doing some research on their financials from a company value perspective.

From our perspective, there’s something fairly interesting going on.  At the start of this year, the share price hit a low of 22.25p, bouncing by around 50% in the period since. After noting the share price Big Picture calculated with an “ultimate bottom” of just 19p, there’s an obvious hope it has bounced before bottom, thus implying some strength may be present. Obviously, from a future perspective, this is a good thing as perhaps expressing an interest in the share may not carry the risk of catching a falling knife.

Currently, above 34p calculates with the potential of a lift to an initial 40p with secondary, if beaten, at a significant 46p.

The chart below describes why 46p risks being significant, giving the share price the opportunity to close above the downtrend from the fall from 160p+ to current levels. We shall need revisit the share price, should it manage to close above the Blue downtrend, due to the future implications potentially being quite positive.

Obviously, a personal bias intrudes in wishing the best for their products but, we do like shares which bounce above their “ultimate bottom” levels.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:07:46PM GOLD 1931.67 1911 1907 1898 1923 1935 1938 1947 1918
11:10:30PM BRENT 88.03 Success
11:12:24PM FTSE 7801.65
11:15:14PM STOX50 4164.3 Success
11:17:30PM GERMANY 15130.94 ‘cess
11:25:53PM US500 4017.77 3962 3931 3894 3982 4041 4079 4144 4000 ‘cess
11:28:22PM DOW 33619 Success
11:30:32PM NASDAQ 11861 Success
11:32:08PM JAPAN 27168 Success

 

23/01/2023 FTSE Closed at 7764 points. Change of -0.08%. Total value traded through LSE was: £ 4,345,074,257 a change of -16.34%
20/01/2023 FTSE Closed at 7770 points. Change of 0.3%. Total value traded through LSE was: £ 5,193,532,558 a change of -8.71%
19/01/2023 FTSE Closed at 7747 points. Change of -1.06%. Total value traded through LSE was: £ 5,688,982,543 a change of 12.09%
18/01/2023 FTSE Closed at 7830 points. Change of -0.27%. Total value traded through LSE was: £ 5,075,315,047 a change of -21.93%
17/01/2023 FTSE Closed at 7851 points. Change of -0.11%. Total value traded through LSE was: £ 6,501,128,630 a change of 48.1%
16/01/2023 FTSE Closed at 7860 points. Change of 0.2%. Total value traded through LSE was: £ 4,389,692,147 a change of -22.72%
13/01/2023 FTSE Closed at 7844 points. Change of 0.64%. Total value traded through LSE was: £ 5,680,414,260 a change of -0.9%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:CNA Centrica** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:LLOY Lloyds Grp.** **LSE:SBRY Sainsbury** **

********

Updated charts published on : BALFOUR BEATTY, Centrica, MAN, EasyJet, British Airways, Intercontinental Hotels Group, Lloyds Grp., Sainsbury,

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 362.8 Percentage Change: + 0.78% Day High: 364.6 Day Low: 361

Target Met. Now above 365 looks capable of 386 next with secondary, with c ……..

Subscribe for more

</p

View Previous BALFOUR BEATTY & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 98.72 Percentage Change: + 0.04% Day High: 99.44 Day Low: 97.62

In the event of Centrica enjoying further trades beyond 100p, the share sh ……..

Subscribe for more

</p

View Previous Centrica & Big Picture ***

LSE:EMG MAN. Close Mid-Price: 242.7 Percentage Change: + 1.42% Day High: 242.7 Day Low: 239.1

Further movement against MAN ABOVE 243 should improve acceleration toward ……..

Subscribe for more

</p

View Previous MAN & Big Picture ***

LSE:EZJ EasyJet. Close Mid-Price: 450 Percentage Change: + 0.00% Day High: 457.1 Day Low: 447.2

Target Met. Now above 458 indicates the potential of a lift to 465 next wi ……..

Subscribe for more

</p

View Previous EasyJet & Big Picture ***

LSE:IAG British Airways Close Mid-Price: 162.38 Percentage Change: -0.28% Day High: 164.08 Day Low: 161.96

Further movement against British Airways ABOVE 165 should now improve acc ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5646 Percentage Change: + 0.14% Day High: 5662 Day Low: 5610

Continued trades against IHG with a mid-price ABOVE 5662 should improve th ……..

Subscribe for more

</p

View Previous Intercontinental Hotels Group & Big Picture ***

LSE:LLOY Lloyds Grp.. Close Mid-Price: 49.81 Percentage Change: + 1.09% Day High: 49.79 Day Low: 49.3

This is on the edge of a “safe”, small, near term movement. Above 49.79 in ……..

Subscribe for more

</p

View Previous Lloyds Grp. & Big Picture ***

LSE:SBRY Sainsbury. Close Mid-Price: 244.8 Percentage Change: + 0.58% Day High: 245.9 Day Low: 243

Continued trades against SBRY with a mid-price ABOVE 249 should improve th ……..

Subscribe for more

</p

View Previous Sainsbury & Big Picture ***

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

Lloyds Banking Group (LSE:LLOY), will it ever recover?

#Brent #Dax

A ‘watched toaster never boils’, ‘waiting for the dishwasher spin cycle’, ‘a sure thing’. We like to spice our lives with these quaint homilies, little trite sayings which promise nothing other than confirmation of a gullible nature. Three weeks ago, reviewing Lloyds, we added; ‘an unusual expression of hope for the long term’ to the list of nonsense sayings.

While our predicted movement was indeed correct, the market proved quite spiteful as we’d only been predicting movement of around 1.48p, a financially useless gain but nevertheless, one which nudged the bank share price into a region with; ‘an unusual expression of hope for the long term’, immediately hating ourselves for this potential crossed finger moment. To be fair, visually Lloyds share price requires closure above 50p to give hope.

Despite bettering the immediate closing price downtrend, along with the Blue ‘high of the day’ downtrend, the bank share is teasing traders by remaining blatantly below the 50p level. This Green horizontal trend – or glass ceiling – looks like the real villain of the piece, hinting strongly only closure above 50p shall prove useful to signal coming share price recovery to an initial 56p with secondary, if bettered, a longer term 62p. Both target levels look sane, our secondary at 62p matching the share price pre-Covid levels, bringing a logical ambition for the future along with almost certain hesitation.

 

If everything intends go wrong, or at least suffer a slowdown, below 47p looks capable of reversing to an initial 45.5p with secondary, if broken, at 44.5p and hopefully yet another bounce and attempt at redemption.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:23:11PM BRENT 87.68 85.63 85.035 84.11 87.34 87.81 87.945 88.71 87.2
10:24:47PM GOLD 1927.38 1925
10:27:10PM FTSE 7791.53 7750
10:32:53PM STOX50 4138 4110
10:34:33PM GERMANY 15098 14938 14878 14804 15027 15101 15121 15153 15033
10:36:54PM US500 3957.02 3937
10:39:33PM DOW 33270 33097
10:41:06PM NASDAQ 11568 11442
10:43:05PM JAPAN 26917 26830

 

20/01/2023 FTSE Closed at 7770 points. Change of 0.3%. Total value traded through LSE was: £ 5,193,532,558 a change of -8.71%
19/01/2023 FTSE Closed at 7747 points. Change of -1.06%. Total value traded through LSE was: £ 5,688,982,543 a change of 12.09%
18/01/2023 FTSE Closed at 7830 points. Change of -0.27%. Total value traded through LSE was: £ 5,075,315,047 a change of -21.93%
17/01/2023 FTSE Closed at 7851 points. Change of -0.11%. Total value traded through LSE was: £ 6,501,128,630 a change of 48.1%
16/01/2023 FTSE Closed at 7860 points. Change of 0.2%. Total value traded through LSE was: £ 4,389,692,147 a change of -22.72%
13/01/2023 FTSE Closed at 7844 points. Change of 0.64%. Total value traded through LSE was: £ 5,680,414,260 a change of -0.9%
12/01/2023 FTSE Closed at 7794 points. Change of 0.91%. Total value traded through LSE was: £ 5,732,068,747 a change of -8.81%

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:BBY BALFOUR BEATTY** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:POLY Polymetal** **LSE:TSCO Tesco** **

********

Updated charts published on : BALFOUR BEATTY, Darktrace Plc, MAN, Glencore Xstra, British Airways, Intercontinental Hotels Group, Polymetal, Tesco,

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 360 Percentage Change: + 0.90% Day High: 360.6 Day Low: 356.6

All BALFOUR BEATTY needs are mid-price trades ABOVE 361 to improve acceler ……..

Subscribe for more

</p

View Previous BALFOUR BEATTY & Big Picture ***

LSE:DARK Darktrace Plc. Close Mid-Price: 243.5 Percentage Change: + 3.48% Day High: 248.2 Day Low: 234.9

Weakness on Darktrace Plc below 234 will invariably lead to 193p next and, ……..

Subscribe for more

</p

View Previous Darktrace Plc & Big Picture ***

LSE:EMG MAN. Close Mid-Price: 239.3 Percentage Change: + 1.66% Day High: 240 Day Low: 235.7

Further movement against MAN ABOVE 240 should improve acceleration toward ……..

Subscribe for more

</p

View Previous MAN & Big Picture ***

LSE:GLEN Glencore Xstra. Close Mid-Price: 575.9 Percentage Change: + 2.09% Day High: 575.8 Day Low: 566.4

All Glencore Xstra needs are mid-price trades ABOVE 585 to now improve ac ……..

Subscribe for more

</p

View Previous Glencore Xstra & Big Picture ***

LSE:IAG British Airways. Close Mid-Price: 162.84 Percentage Change: + 1.84% Day High: 162.84 Day Low: 160.3

Further movement against British Airways ABOVE 163 should now improve acc ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5638 Percentage Change: + 1.40% Day High: 5646 Day Low: 5580

Continued trades against IHG with a mid-price ABOVE 5646 should improve th ……..

Subscribe for more

</p

View Previous Intercontinental Hotels Group & Big Picture ***

LSE:POLY Polymetal Close Mid-Price: 342.75 Percentage Change: -1.22% Day High: 347.5 Day Low: 335

Further movement against Polymetal ABOVE 360 should improve acceleration t ……..

Subscribe for more

</p

View Previous Polymetal & Big Picture ***

LSE:TSCO Tesco Close Mid-Price: 247.9 Percentage Change: -0.12% Day High: 250.2 Day Low: 246.8

Continued trades against TSCO with a mid-price ABOVE 251 should improve th ……..

Subscribe for more

</p

View Previous Tesco & Big Picture ***

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

Our famed FTSE for Friday

#FTSE #Nasdaq 

Thursday evenings are not supposed to be this way. While most folk are thinking “one more day until the weekend”, we’re assigned to sitting here thinking “what the heck is going on?”. Normally, our FTSE for Friday column almost writes itself but following three completely illogical sessions on the FTSE, writing “we’re puzzled” is an exercise in understatement.

On Wednesday, when the S&P 500 started to fall, sheer luck had us lurking in the background, reading an internet chatroom. Traders quickly embraced the usual hysteria, eventually all agreeing with someone who discovered the drop commenced at the moment when a Press Release announced some bloke from The US  Federal Reserve had caught influenza. Demanding proof, the equivalent of a loaves & fishes moment, some checking actually confirmed this ridiculous notion. Which was a bit of a shame as we’d felt the reason may be more to do with some major movers and shakers opting to ditch Davos, Switzerland, when they realised they are too old to go skiing and preferred warmer climates anyway.

 

We’ve a bit of a suspicion reversals are due to ease, if only due to a good argument favouring the current 3,911 point S&P bouncing AT around 3,875 points. Equally, we shall be interested in what happens, should the Nasdaq achieve 11,185 points, roughly 100 points below its current level.  As for Germany and the DAX, it already should be bouncing but really needs above 15,000 to confirm the sentiment.

When we bunch all this together and apply the arguments to the FTSE, there’s an insinuation the UK market should struggle to make its way below 7,713 points, if it reads the same script as other markets. Who knows, perhaps it’s the case the “grown ups” are all at Davos with the markets being run by those who cannot ski, playing safe this week. Should this be the case, next week could be interesting as visually, there are strong arguments developing which favour gains fairly soon.

Re-reading this, it all sounds a bit “Conspiracy Theory” but in fairness, it’s as daft as believing someone with a runny nose caused the S&P 500 to reverse.

 

Near term, we’re supposed to believe weakness below 7,713 on the FTSE should introduce weakness to a tame 7,695 with secondary, if broken, a more dramatic 7,635 points. If triggered, the tightest stop loss level looks like 7,753 points.

Our converse, happier scenario, questions the potentials, if the index manages above 7,780. This looks capable of triggering recovery to a useful 7,820 points with our secondary, if exceeded, working out at 7,872 points and a return to the level where the market resided, before everyone went skiing in Switzerland, almost making it like this week didn’t happen!

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:07:16PM BRENT 86.43 84.94 84.22 83.31 86 86.59 87 88.03 85.9 ‘cess
10:09:06PM GOLD 1933.6 1896 1891 1877 1911 1935 1940 1954 1923 Success
10:11:10PM FTSE 7779.99 7755 7747 7735 7770 7783 7810 7823 7759 Success
10:13:21PM STOX50 4115.7 4103 4088 4052 4123 4124 4130 4144 4102 Success
10:16:01PM GERMANY 14991.64 14964 14917 14798 15074 15025 15068 15124 14968 Success
10:17:43PM US500 3903 3884 3874 3858 3910 3926 3941 3960 3900 ‘cess
10:32:08PM DOW 33064 32948 32817 32297 33170 33256 33359 33496 33108 ‘cess
10:33:55PM NASDAQ 11331 11245 11139 10955 11350 11420 11455 11525 11359 ‘cess
10:35:45PM JAPAN 26324 26234 26187 26113 26338 26432 26495 26582 26331 ‘cess

 

19/01/2023 FTSE Closed at 7747 points. Change of -1.06%. Total value traded through LSE was: £ 5,688,982,543 a change of 12.09%
18/01/2023 FTSE Closed at 7830 points. Change of -0.27%. Total value traded through LSE was: £ 5,075,315,047 a change of -21.93%
17/01/2023 FTSE Closed at 7851 points. Change of -0.11%. Total value traded through LSE was: £ 6,501,128,630 a change of 48.1%
16/01/2023 FTSE Closed at 7860 points. Change of 0.2%. Total value traded through LSE was: £ 4,389,692,147 a change of -22.72%
13/01/2023 FTSE Closed at 7844 points. Change of 0.64%. Total value traded through LSE was: £ 5,680,414,260 a change of -0.9%
12/01/2023 FTSE Closed at 7794 points. Change of 0.91%. Total value traded through LSE was: £ 5,732,068,747 a change of -8.81%
11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%

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:DARK Darktrace Plc** **LSE:FGP Firstgroup** **LSE:TERN Tern Plc** **

********

Updated charts published on : Darktrace Plc, Firstgroup, Tern Plc,

LSE:DARK Darktrace Plc Close Mid-Price: 235.3 Percentage Change: -5.20% Day High: 248 Day Low: 235.2

Weakness on Darktrace Plc below 235.2 will invariably lead to 193p next a ……..

Subscribe for more

</p

View Previous Darktrace Plc & Big Picture ***

LSE:FGP Firstgroup Close Mid-Price: 106.9 Percentage Change: -1.66% Day High: 110 Day Low: 106.7

Further movement against Firstgroup ABOVE 110 should improve acceleration ……..

Subscribe for more

</p

View Previous Firstgroup & Big Picture ***

LSE:TERN Tern Plc Close Mid-Price: 8 Percentage Change: -5.88% Day High: 8.5 Day Low: 7.75

If this would even trade above 10.25, it would emit a fairly strong signal ……..

Subscribe for more

</p

View Previous Tern Plc & Big Picture ***

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

Boohoo Group Plc (LSE:BOO), maybe not frozen?

#Gold #FTSE 

Here in our bit of Argyll, the last two mornings have been fascinating. When daylight grudgingly makes an appearance around 08.30am, the flat calm sea has been frozen, quite literally covering the two miles across to the local marina. Given recent rainfalls, it’s easy to speculate hell actually has frozen over! But there’s perhaps a silver lining, online retailers perhaps facing a surge in demand for warmer clothing. It’s funny how “price resistance” becomes less important, the colder it gets.

 

We’re curious whether clothing retailer Boohoo are poised to release some positive numbers for the winter/festive season. It already appears “the market” has some expectations as, for instance, last September we promised all sorts of doom and gloom, if their share price broke below 30p. It didn’t.

Instead, the price has eventually toddled off in a more positive direction, already spiking to our initial 47p target and exceeding it quite nicely, topping out at 56p before being forced back down toward the 30 level again. With the share price starting 2023 by breaking through the immediate downtrend, we’ve a strong suspicion this shall prove worth watching.

At present, Boohoo are trading around 47p and visually, only need exceed 50p to hopefully trigger a nod in the direction of 59p. Achieving such a target shall be important, returned the share above Red, an uptrend which dates back to 2015. Our secondary, in the event 59p is exceeded, calculates at 75p, this ambition hopefully proving a footnote on a path to 97p and some almost certain hesitation, given previous stumbles around the pound level.

The visuals suggest quite firmly closure above 97p shall prove critical for the future, forcing us to revisit price movements and run some new calculations.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:28:59PM BRENT 84.91 Shambles
9:31:42PM GOLD 1903.71 1900 1890 1879 1909 1912 1915 1919 1904 ‘cess
9:34:08PM FTSE 7795.74 7784 7769 7733 7821 7820 7823 7836 7797 Success
9:39:21PM STOX50 4152.7 Shambles
9:41:09PM GERMANY 15129 ‘cess
9:44:53PM US500 3929 Success
9:47:38PM DOW 33269 Success
9:49:21PM NASDAQ 11414 ‘cess
9:52:21PM JAPAN 26481 Success

 

18/01/2023 FTSE Closed at 7830 points. Change of -0.27%. Total value traded through LSE was: £ 5,075,315,047 a change of -21.93%
17/01/2023 FTSE Closed at 7851 points. Change of -0.11%. Total value traded through LSE was: £ 6,501,128,630 a change of 48.1%
16/01/2023 FTSE Closed at 7860 points. Change of 0.2%. Total value traded through LSE was: £ 4,389,692,147 a change of -22.72%
13/01/2023 FTSE Closed at 7844 points. Change of 0.64%. Total value traded through LSE was: £ 5,680,414,260 a change of -0.9%
12/01/2023 FTSE Closed at 7794 points. Change of 0.91%. Total value traded through LSE was: £ 5,732,068,747 a change of -8.81%
11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%
10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%

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:BBY BALFOUR BEATTY** **LSE:CASP Caspian** **LSE:CNA Centrica** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:POLY Polymetal** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Avacta, BALFOUR BEATTY, Caspian, Centrica, Experian, EasyJet, Glencore Xstra, Greggs, Hikma, British Airways, Intercontinental Hotels Group, Just Eat, Polymetal, Zoo Digital,

LSE:AVCT Avacta. Close Mid-Price: 161.5 Percentage Change: + 4.33% Day High: 167.5 Day Low: 156

Target met. Further movement against Avacta ABOVE 168 should improve acce ……..

Subscribe for more

</p

View Previous Avacta & Big Picture ***

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 356.6 Percentage Change: + 1.02% Day High: 358.6 Day Low: 352

All BALFOUR BEATTY needs are mid-price trades ABOVE 358.6 to improve acce ……..

Subscribe for more

</p

View Previous BALFOUR BEATTY & Big Picture ***

LSE:CASP Caspian. Close Mid-Price: 5.8 Percentage Change: + 6.42% Day High: 6.05 Day Low: 5.45

Continued trades against CASP with a mid-price ABOVE 6.05 should improve ……..

Subscribe for more

</p

View Previous Caspian & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 97.86 Percentage Change: + 0.66% Day High: 99.54 Day Low: 97.08

Target met. In the event of Centrica enjoying further trades beyond 99.54 ……..

Subscribe for more

</p

View Previous Centrica & Big Picture ***

LSE:EXPN Experian. Close Mid-Price: 3049 Percentage Change: + 2.97% Day High: 3089 Day Low: 2961

Target met. All Experian needs are mid-price trades ABOVE 3089 to improve ……..

Subscribe for more

</p

View Previous Experian & Big Picture ***

LSE:EZJ EasyJet. Close Mid-Price: 440.3 Percentage Change: + 1.01% Day High: 454.3 Day Low: 440

Continued trades against EZJ with a mid-price ABOVE 454.3 should improve ……..

Subscribe for more

</p

View Previous EasyJet & Big Picture ***

LSE:GLEN Glencore Xstra. Close Mid-Price: 576.6 Percentage Change: + 4.29% Day High: 584.5 Day Low: 552.9

Target met. All Glencore Xstra needs are mid-price trades ABOVE 584.5 to ……..

Subscribe for more

</p

View Previous Glencore Xstra & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2636 Percentage Change: + 2.17% Day High: 2680 Day Low: 2610

Target met. Continued trades against GRG with a mid-price ABOVE 2680 shou ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:HIK Hikma. Close Mid-Price: 1711 Percentage Change: + 0.35% Day High: 1722 Day Low: 1687

Target met. Further movement against Hikma ABOVE 1722 should improve acce ……..

Subscribe for more

</p

View Previous Hikma & Big Picture ***

LSE:IAG British Airways. Close Mid-Price: 161.04 Percentage Change: + 2.61% Day High: 162.92 Day Low: 158.08

Target met. Further movement against British Airways ABOVE 162.92 should ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5580 Percentage Change: + 2.20% Day High: 5628 Day Low: 5530

Target met. Continued trades against IHG with a mid-price ABOVE 5628 shou ……..

Subscribe for more

</p

View Previous Intercontinental Hotels Group & Big Picture ***

LSE:JET Just Eat. Close Mid-Price: 2215.5 Percentage Change: + 4.06% Day High: 2452.5 Day Low: 2204

Target met. All Just Eat needs are mid-price trades ABOVE 2452.5 to impro ……..

Subscribe for more

</p

View Previous Just Eat & Big Picture ***

LSE:POLY Polymetal. Close Mid-Price: 350 Percentage Change: + 8.02% Day High: 360 Day Low: 338

Further movement against Polymetal ABOVE 360 should improve acceleration ……..

Subscribe for more

</p

View Previous Polymetal & Big Picture ***

LSE:ZOO Zoo Digital. Close Mid-Price: 166 Percentage Change: + 4.40% Day High: 168 Day Low: 157

Weakness on Zoo Digital below 157 will invariably lead to 139 and hopeful ……..

Subscribe for more

</p

View Previous Zoo Digital & Big Picture ***

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

Persimmon Plc (LSE:PSN) hotting up?

#FTSE #Nasdaq

Before we dig into Persimmon, along with the wider construction industry, it’s maybe worth mentioning it looks like folk will be able to heat their home! The price of Natural Gas, which has been falling all year (okay, the last 12 sessions) has become interesting, now reaching levels last seen in June 2021. Hopefully, this shall drive energy prices down, along with the rate of inflation, as gas looks capable of returning to its historical trading range.

Currently trading around 3.445USD, it appears a bucket of Natural Gas (or however it’s priced) fetching below $3.3 risks promoting reversal down to 2.65 next with secondary, if broken, an improbable looking long term 1.07 dollars. Perhaps the Ukraine thing shall decide to stick its oar in to spoil the logic pointing at reversals. Natural Gas requires above $4.60 to cancel the reversal argument.

 

As for Persimmon, our inclination is toward some optimism for their share price. After all, if people can afford to heat their house, perhaps they shall also be inclined to buy a new one. Aligning with this theory, it appears the construction industry index, the catchy named FTSE:NMW501010 is doing all the right things, even trading above is level pre-pandemic. If things go in accordance with other indices, this market (presently trading around 7600 points) is heading toward an eventual 8,500 points, a level at which we shall need revisit the numbers.

With the builder trading around 1427p at present, above 1445p looks capable of triggering a lift to 1645p next, coming close to regaining the Red uptrend which dates back to 2009. Above 1645p, our secondary calculates at a longer term 1911p, a price level where the visuals almost certainly mandate some hesitation. For the distant future to become rosy, share price closure above 1911 shall be regarded as sufficient reason to once again stare hard at the tea leaves as considerable strength allegedly becomes available.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:29:01PM BRENT 86.75 Success
9:58:46PM GOLD 1909.26 ‘cess
10:01:08PM FTSE 7849 7828 7811 7789 7862 7877 7889 7909 7841 Shambles
10:03:34PM STOX50 4179.6 Shambles
10:06:07PM GERMANY 15185.32
10:07:57PM US500 3991.82
10:10:01PM DOW 33894.5 Success
10:11:30PM NASDAQ 11556.97 11467 11409 11338 11530 11589 11630 11693 11518
10:14:10PM JAPAN 26296

 

17/01/2023 FTSE Closed at 7851 points. Change of -0.11%. Total value traded through LSE was: £ 6,501,128,630 a change of 48.1%
16/01/2023 FTSE Closed at 7860 points. Change of 0.2%. Total value traded through LSE was: £ 4,389,692,147 a change of -22.72%
13/01/2023 FTSE Closed at 7844 points. Change of 0.64%. Total value traded through LSE was: £ 5,680,414,260 a change of -0.9%
12/01/2023 FTSE Closed at 7794 points. Change of 0.91%. Total value traded through LSE was: £ 5,732,068,747 a change of -8.81%
11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%
10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%
9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%

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:BT.A British Telecom** **LSE:CASP Caspian** **LSE:EMG MAN** **LSE:GRG Greggs** **LSE:HSBA HSBC** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **

********

Updated charts published on : British Telecom, Caspian, MAN, Greggs, HSBC, Intercontinental Hotels Group, Intertek, Marks and Spencer, Natwest, Oxford Instruments, Polymetal,

LSE:BT.A British Telecom. Close Mid-Price: 132.2 Percentage Change: + 1.46% Day High: 132.45 Day Low: 129.9

Further movement against British Telecom ABOVE 132.45 should improve acce ……..

Subscribe for more

</p

View Previous British Telecom & Big Picture ***

LSE:CASP Caspian. Close Mid-Price: 5.45 Percentage Change: + 5.83% Day High: 5.55 Day Low: 5.15

Target met. All Caspian needs are mid-price trades ABOVE 5.55 to improve ……..

Subscribe for more

</p

View Previous Caspian & Big Picture ***

LSE:EMG MAN Close Mid-Price: 236.9 Percentage Change: -0.29% Day High: 239.9 Day Low: 235.8

Further movement against MAN ABOVE 239.9 should improve acceleration towa ……..

Subscribe for more

</p

View Previous MAN & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2580 Percentage Change: + 0.00% Day High: 2586 Day Low: 2528

As normality continues to raise its ugly head and folk return to the offic ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:HSBA HSBC Close Mid-Price: 591.2 Percentage Change: -0.82% Day High: 596.7 Day Low: 589.1

Further movement against HSBC ABOVE 596.7 should improve acceleration tow ……..

Subscribe for more

</p

View Previous HSBC & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5460 Percentage Change: + 0.66% Day High: 5496 Day Low: 5408

In the event of Intercontinental Hotels Group enjoying further trades bey ……..

Subscribe for more

</p

View Previous Intercontinental Hotels Group & Big Picture ***

LSE:ITRK Intertek. Close Mid-Price: 4379 Percentage Change: + 0.09% Day High: 4397 Day Low: 4340

All Intertek needs are mid-price trades ABOVE 4397 to improve acceleratio ……..

Subscribe for more

</p

View Previous Intertek & Big Picture ***

LSE:MKS Marks and Spencer. Close Mid-Price: 150.9 Percentage Change: + 0.53% Day High: 152.5 Day Low: 146.5

All Marks and Spencer needs are mid-price trades ABOVE 152.5 to improve a ……..

Subscribe for more

</p

View Previous Marks and Spencer & Big Picture ***

LSE:NWG Natwest. Close Mid-Price: 298.7 Percentage Change: + 0.74% Day High: 300.3 Day Low: 294.9

In the event of Natwest enjoying further trades beyond 300.3, the share s ……..

Subscribe for more

</p

View Previous Natwest & Big Picture ***

LSE:OXIG Oxford Instruments Close Mid-Price: 2285 Percentage Change: -1.08% Day High: 2320 Day Low: 2215

Target met. Continued trades against OXIG with a mid-price ABOVE 2320 sho ……..

Subscribe for more

</p

View Previous Oxford Instruments & Big Picture ***

LSE:POLY Polymetal Close Mid-Price: 324 Percentage Change: -2.70% Day High: 355 Day Low: 308.8

All Polymetal needs are mid-price trades ABOVE 355 to improve acceleratio ……..

Subscribe for more

</p

View Previous Polymetal & Big Picture ***

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

Synthomer Plc, almost interesting?

#Gold #SP500

We reviewed Synthomer last year, indicating our “ultimate” bottom, the level below which we cannot calculate, was at 159p. At the time, the share price was around 192p and now, unfortunately, it is trading at 150p, having visited just 85p last October. As a company renowned for their sticky coating, it’s a surprise to see their share price slide downhill so fast!

We always add a caveat to our scenario, when we mention an “ultimate bottom.” This represents a price level below which we cannot calculate and that’s it. As Synthomer proved, aside from a strange little stutter which acknowledged the presence of our target levels, the market then opted to manipulate (gap) the share price down to 110p, doubtless causing panic amongst investors, forcing the price to eventually hit 85p and bounce pretty solidly.

There’s been something quite off colour with the bounce.

We’ve a little purple line on the chart, representing our “ultimate bottom”. On several occasions, this share price has recovered, hit our historical 159p level, and refused to go any higher. With this sort of nonsense, it can price useful to keep a close eye on a share price. Essentially, closure ABOVE our 159p should prove significant, tending to imply the market overcooked the previous drop and intends to power some surprise recovery. In this instance, closure above 159p calculates with the potential of a visit to 194p initially with secondary, if exceeded, at a distant sounding 232p, along with the price regaining the long term uptrend.

 

Usually, we’d prefer to complete a report with a converse scenario but for Synthomer, the situation remains of a share price swimming in a zone where we can no longer calculate a logical bottom. But if a bloke stops you in the street and offers you £1.75 for every Synthomer share you take off his hands…

Perhaps it shall prove the case the current resurgence of the building trades will be regarded as useful for this FTSE250 constituent.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:08:51PM BRENT 84.31
9:10:34PM GOLD 1916.13 1911 1909 1902 1917 1930 1935 1943 1916
9:12:21PM FTSE 7856.5
9:22:04PM STOX50 4153.3
9:24:52PM GERMANY 15121 ‘cess
9:50:10PM US500 3990.15 3976 3968 3963 3994 4007 4018 4029 3984 ‘cess
9:52:17PM DOW 34259
9:54:09PM NASDAQ 11485 ‘cess
10:24:04PM JAPAN 25878 ‘cess

 

16/01/2023 FTSE Closed at 7860 points. Change of 0.2%. Total value traded through LSE was: £ 4,389,692,147 a change of -22.72%
13/01/2023 FTSE Closed at 7844 points. Change of 0.64%. Total value traded through LSE was: £ 5,680,414,260 a change of -0.9%
12/01/2023 FTSE Closed at 7794 points. Change of 0.91%. Total value traded through LSE was: £ 5,732,068,747 a change of -8.81%
11/01/2023 FTSE Closed at 7724 points. Change of 0.39%. Total value traded through LSE was: £ 6,286,062,115 a change of 15.31%
10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%
9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%
6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%

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:AVCT Avacta** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:MMAG Music Magpie** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Asos, Avacta, Barclays, Barrett Devs, Caspian, Carnival, MAN, EasyJet, Foxtons, British Airways, Intercontinental Hotels Group, International Personal Finance, Intertek, Music Magpie, Ocado Plc, Oxford Instruments, Polymetal, Taylor Wimpey, Zoo Digital,

LSE:ASC Asos. Close Mid-Price: 783.5 Percentage Change: + 5.17% Day High: 811 Day Low: 740.5

Continued trades against ASC with a mid-price ABOVE 811 should improve th ……..

Subscribe for more

</p

View Previous Asos & Big Picture ***

LSE:AVCT Avacta. Close Mid-Price: 138 Percentage Change: + 2.91% Day High: 139.5 Day Low: 130.5

Target met. In the event of Avacta enjoying further trades beyond 139.5, ……..

Subscribe for more

</p

View Previous Avacta & Big Picture ***

LSE:BARC Barclays. Close Mid-Price: 182.5 Percentage Change: + 0.97% Day High: 182.44 Day Low: 178.84

Target met. In the event of Barclays enjoying further trades beyond 182.4 ……..

Subscribe for more

</p

View Previous Barclays & Big Picture ***

LSE:BDEV Barrett Devs. Close Mid-Price: 463.2 Percentage Change: + 1.80% Day High: 467.2 Day Low: 453.5

Target met. Further movement against Barrett Devs ABOVE 467.2 should impr ……..

Subscribe for more

</p

View Previous Barrett Devs & Big Picture ***

LSE:CASP Caspian. Close Mid-Price: 5.15 Percentage Change: + 15.73% Day High: 5.25 Day Low: 4.55

In the event of Caspian enjoying further trades beyond 5.25, the share sh ……..

Subscribe for more

</p

View Previous Caspian & Big Picture ***

LSE:CCL Carnival. Close Mid-Price: 799.8 Percentage Change: + 5.26% Day High: 800.8 Day Low: 749.8

All Carnival needs are mid-price trades ABOVE 800.8 to improve accelerati ……..

Subscribe for more

</p

View Previous Carnival & Big Picture ***

LSE:EMG MAN. Close Mid-Price: 237.6 Percentage Change: + 3.76% Day High: 238.6 Day Low: 232.7

Continued trades against EMG with a mid-price ABOVE 238.6 should improve ……..

Subscribe for more

</p

View Previous MAN & Big Picture ***

LSE:EZJ EasyJet. Close Mid-Price: 441.9 Percentage Change: + 2.46% Day High: 445.7 Day Low: 426.5

All EasyJet needs are mid-price trades ABOVE 445.7 to improve acceleratio ……..

Subscribe for more

</p

View Previous EasyJet & Big Picture ***

LSE:FOXT Foxtons. Close Mid-Price: 39.2 Percentage Change: + 4.26% Day High: 39.55 Day Low: 38

Further movement against Foxtons ABOVE 39.55 should improve acceleration ……..

Subscribe for more

</p

View Previous Foxtons & Big Picture ***

LSE:IAG British Airways. Close Mid-Price: 159.1 Percentage Change: + 1.13% Day High: 159.56 Day Low: 157.2

All British Airways needs are mid-price trades ABOVE 159.56 to improve a ……..

Subscribe for more

</p

View Previous British Airways & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5424 Percentage Change: + 0.04% Day High: 5454 Day Low: 5348

Further movement against Intercontinental Hotels Group ABOVE 5454 should ……..

Subscribe for more

</p

View Previous Intercontinental Hotels Group & Big Picture ***

LSE:IPF International Personal Finance Close Mid-Price: 76.9 Percentage Change: -1.41% Day High: 81.4 Day Low: 76

All International Personal Finance needs are mid-price trades ABOVE 81.4 ……..

Subscribe for more

</p

View Previous International Personal Finance & Big Picture ***

LSE:ITRK Intertek. Close Mid-Price: 4375 Percentage Change: + 2.22% Day High: 4374 Day Low: 4280

Further movement against Intertek ABOVE 4374 should improve acceleration ……..

Subscribe for more

</p

View Previous Intertek & Big Picture ***

LSE:MMAG Music Magpie. Close Mid-Price: 40.2 Percentage Change: + 8.06% Day High: 40.7 Day Low: 37

In the event of Music Magpie enjoying further trades beyond 40.7, the sha ……..

Subscribe for more

</p

View Previous Music Magpie & Big Picture ***

LSE:OCDO Ocado Plc. Close Mid-Price: 808 Percentage Change: + 5.18% Day High: 808.2 Day Low: 750

Continued trades against OCDO with a mid-price ABOVE 808.2 should improve ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

LSE:OXIG Oxford Instruments. Close Mid-Price: 2310 Percentage Change: + 2.67% Day High: 2305 Day Low: 2220

All Oxford Instruments needs are mid-price trades ABOVE 2305 to improve a ……..

Subscribe for more

</p

View Previous Oxford Instruments & Big Picture ***

LSE:POLY Polymetal. Close Mid-Price: 333 Percentage Change: + 2.15% Day High: 344 Day Low: 317.9

Target met. In the event of Polymetal enjoying further trades beyond 344, ……..

Subscribe for more

</p

View Previous Polymetal & Big Picture ***

LSE:TW. Taylor Wimpey. Close Mid-Price: 117.35 Percentage Change: + 2.27% Day High: 119.4 Day Low: 114.75

All Taylor Wimpey needs are mid-price trades ABOVE 119.4 to improve accel ……..

Subscribe for more

</p

View Previous Taylor Wimpey & Big Picture ***

LSE:ZOO Zoo Digital Close Mid-Price: 163.5 Percentage Change: -6.03% Day High: 174 Day Low: 162.5

In the event Zoo Digital experiences weakness below 162.5 it calculates w ……..

Subscribe for more

</p

View Previous Zoo Digital & Big Picture ***

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