Liberty Media and its Monaco!

#Nasdaq #Japan

We did promise to go easy on Formula 1 coverage but, as it’s the Monaco Grand Prix this weekend, perhaps a glance at how the owners of Formula1 are doing is justified. Oddly, choosing Monaco as an excuse to delve into things is a bit of a misnomer. Of all the races, Monaco is traditionally the one most likely to send viewers to sleep. Generally, all the action happens during the preceding day with qualifying as, the “race” tends become a boring procession of cars unable to pass each other.

Some slight excitement is usually generated with the occasional mechanical failure but that’s about it. Unless the organisers adopt a cunning plan of spraying water across a few corners to spice things up, the boring stream of cars unable to pass each other, will once again dominate Sunday afternoon. The venue is certainly spectacular, the pit lane audience glamorous, but attaching the word “race” to the weekend is traditionally an exercise in futility.

Then again, the recent Spanish Grand Prix turned into a real race, a true surprise as it’s also a race which can be overlooked quite easily, an excuse for a nap between Lap 4 and Lap 60. Maybe this time Monaco shall also discover a method of producing entertainment.

 

A couple of recent share price movements for Liberty appear worthy of some consideration. At time of writing, the share is trading around 57 and just needs above 59 to hopefully trigger price movements to an initial 65 with our longer term secondary, if bettered, calculating at a confident looking $73.

But in recent weeks, the Red uptrend has suffered a couple of assaults, not least thanks to heroic levels of incompetence in management of the new US Miami GP. As the fallout has cleared, Liberty share price has once again regained the uptrend with extreme care being taken to ensure the price doesn’t close a session below Red. Hopefully this indicates an expectation of future gains.

If trouble is planned, the share price needs slump below the Miami low of 50 as this risks triggering reversal to an initial 37. Below such a level, things get silly as our secondary works out at a bottom of just $18. When the pandemic low of 2020 is taken into consideration, proposing a visit to the 18 dollar level becomes less foolish. However, our expectation is to see an eventual visit to the $73 level.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:37:42PM BRENT 111.77 ‘cess
10:39:27PM GOLD 1853.72
10:41:16PM FTSE 7530.32
10:48:44PM FRANCE 6319.6 Shambles
10:51:07PM GERMANY 14031.51
10:53:23PM US500 3973.52 ‘cess
10:55:13PM DOW 32118.2 ‘cess
10:57:32PM NASDAQ 11885 11766 11704 11594 11891 11954 12042 12198 11881 ‘cess
10:59:32PM JAPAN 26748 26481 26437 26204 26637 26879 26979 27145 26651 Shambles
25/05/2022 FTSE Closed at 7522 points. Change of 0.51%. Total value traded through LSE was: £ 6,164,105,326 a change of -26.57%
24/05/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 8,394,166,006 a change of 28.44%
23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%
20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%
19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%
18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%
17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%

 

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:AML Aston Martin** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **

********

Updated charts published on : Aston Martin, Aviva, Barclays, British Telecom, Cellular Goods, Carnival, Firstgroup, Gulf Keystone, Hikma, International Personal Finance, Intertek, Marks and Spencer, Rolls Royce, Speedyhire, Standard Chartered, The Trainline,

LSE:AML Aston Martin Close Mid-Price: 614 Percentage Change: -2.04% Day High: 634.8 Day Low: 591.6

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LSE:AV. Aviva. Close Mid-Price: 434.8 Percentage Change: + 1.42% Day High: 439.8 Day Low: 428.5

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LSE:BARC Barclays. Close Mid-Price: 163.88 Percentage Change: + 0.68% Day High: 164.78 Day Low: 162.06

Target Met or near enough for another update! Finally something positive ……..

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LSE:BP. BP PLC. Close Mid-Price: 427.85 Percentage Change: + 1.00% Day High: 431.1 Day Low: 424.2

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LSE:BT.A British Telecom Close Mid-Price: 189.9 Percentage Change: -0.34% Day High: 193.2 Day Low: 187.7

All British Telecom needs are mid-price trades ABOVE 194 to improve accele ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 1.8 Percentage Change: + 2.86% Day High: 1.88 Day Low: 1.75

This is making early signs of bouncing as above 1.88 now suggests recovery ……..

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LSE:CCL Carnival. Close Mid-Price: 884.4 Percentage Change: + 1.42% Day High: 900.4 Day Low: 846.4

Weakness on Carnival below 846 will invariably lead to 827 with secondary ……..

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LSE:FGP Firstgroup. Close Mid-Price: 119.4 Percentage Change: + 3.20% Day High: 119.4 Day Low: 114.2

All Firstgroup needs are mid-price trades ABOVE 120 to improve acceleratio ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 284 Percentage Change: + 5.19% Day High: 297 Day Low: 278

Target Met. Now above 297 suggests ongoing traffic to an initial 305p. If ……..

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LSE:HIK Hikma Close Mid-Price: 1676.5 Percentage Change: -0.80% Day High: 1702 Day Low: 1631.5

Now below 1631 suggests 1571 next with secondary, if broken, at 1504 and h ……..

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LSE:IPF International Personal Finance Close Mid-Price: 83.6 Percentage Change: -7.42% Day High: 92.3 Day Low: 81

Target Met. Weakness on International Personal Finance below 81 will invar ……..

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LSE:ITRK Intertek. Close Mid-Price: 4682 Percentage Change: + 1.52% Day High: 4671 Day Low: 4587

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LSE:MKS Marks and Spencer. Close Mid-Price: 138.65 Percentage Change: + 4.84% Day High: 138.15 Day Low: 127.35

Target Met or near enough for a bounce, hopefully. Now above 139 should br ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 83.52 Percentage Change: + 4.30% Day High: 83.26 Day Low: 80.18

This is maybe shuffling into position, needing above 85 to trigger a usele ……..

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LSE:SDY Speedyhire. Close Mid-Price: 44.95 Percentage Change: + 0.33% Day High: 45.2 Day Low: 44.05

Weakness on Speedyhire below 44 will invariably lead to 43 with secondary ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 617.6 Percentage Change: + 0.32% Day High: 622.2 Day Low: 609.4

Further movement against Standard Chartered ABOVE 623 should improve accel ……..

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LSE:TRN The Trainline. Close Mid-Price: 306 Percentage Change: + 3.59% Day High: 310.1 Day Low: 297.2

This is still interesting as above 311 calculates with the potential of an ……..

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

Air France KLM, a classic “gotcha”

#FTSE #CAC40

Our weekly trawl through Europe, searching for shares with potential, stumbled upon this airline. To risk a word frowned upon in flying circles, it appears Air France KLM share price is ‘crashing’ just a little bit. Visually, we can even blame a GaGa event, the notorious Gap Up, Gap Down scenario which also tends foreshadow severe share price reversals.

Thankfully, the Air France price crash of over 20% was produced by the time honoured tradition of stuffing existing investors. The company, obviously keen to repay French state aid, opted to raise money by issuing shares, thus effectively diluting their share value with a rights issue. Their previous attempt, just over a year ago, presided over a share value decline from 5.33€ down to the 4€ level. This attempt appears destined to make Air France shares worth just 3€ each anytime soon. It’s certainly the case where near term weakness below 3.34€ looks almost certain to make a visit to the 3 euro mark, a point at which we’ve a couple of questions.

As the chart displays, the previous dilution to 4€ did very little to produce any form of coherent bounce, quite the opposite. The Rights Issue of 2021, held against a pandemic backdrop and in an industry which has suffered quite severely, was an initial nod in the direction of repaying the French government and holding a second Rights Issue was never a secret. Perhaps this accounts for the lack of bounce at 4€?

While a visit to the 3 euro level presents a level where a rebound makes some sense, our concern is pretty blunt. It’s unusual for the stock markets to gift wrap a movement such as this and we shall not be aghast if folk wonder whether further pain shall be in store for the carrier?

Our final concern on the matter comes from the circled ‘GaGa’ movement. Over the years, we’ve collated several examples of what to anticipate, when we notice such a market song and dance. The share price was literally gapped UP above the ruling downtrend last Wednesday, then gapped DOWN below the trend today (Tuesday) in a classic “gotcha suckers” movement. Anyone who mistakenly assumed the upward movement was a signal for happy flights ahead will now be walking funny, feeling like they just sat through the latest terrible Sandra Bullock/Brad Pitt/ that Harry Potter bloke movie, The Lost City. Hint; Do not sit still, waiting for the good bit. Despite the cast, there a good bit! At least the film version of “Cats” was so bad, all hope vanished within minutes and you could leave, knowing you’d dodged an atrocity.

 

Thanks to the GaGa movement, we tend not expect the 3 euro level to provide succour, instead suspecting this level shall break with a descent down to 2.37€ feeling distinctly possible. Less likely, should such a level break, is our secondary calculation down at 1.65€

 

Of course, the markets occasionally indulge themselves with a good sense of humour. In the case of Air France, above 4.44€ is needed to give the first suggestion a climb back to historic altitudes may be pending. This apparently should trigger an initial 4.83 with secondary, if bettered, at 5.08€. We have our doubts, suspecting 2.37 shall prove worth watching for.

Once again, thanks to the kind folk who discovered a fascinating advert to visit on this page on Tuesday. It was a two latte day!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:03:35PM BRENT 111.42
10:05:08PM GOLD 1866.85
10:13:43PM FTSE 7530.17 7472 7453 7425 7523 7539 7563 7676 7471
10:15:41PM FRANCE 6289.9 6237 6206 6153 6292 6320 6345 6380 6262
10:20:11PM GERMANY 14035 ‘cess
10:23:32PM US500 3953.67 Success
10:25:32PM DOW 31981
10:28:07PM NASDAQ 11812 Success
10:30:17PM JAPAN 26678 Success

 

24/05/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 8,394,166,006 a change of 28.44%
23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%
20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%
19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%
18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%
17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%
16/05/2022 FTSE Closed at 7464 points. Change of 0.62%. Total value traded through LSE was: £ 6,081,329,244 a change of -11.87%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:EMG MAN** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Aston Martin, Astrazeneca, Barclays, British Telecom, Carnival, MAN, Fresnillo, Glencore Xstra, Speedyhire, Standard Chartered, Zoo Digital,

LSE:AML Aston Martin Close Mid-Price: 626.8 Percentage Change: -6.84% Day High: 665.8 Day Low: 623.8

Target met. If Aston Martin experiences continued weakness below 623.8, i ……..

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LSE:AZN Astrazeneca Close Mid-Price: 10598 Percentage Change: -0.02% Day High: 10666 Day Low: 10470

In the event of Astrazeneca enjoying further trades beyond 10666, the sha ……..

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LSE:BARC Barclays. Close Mid-Price: 162.78 Percentage Change: + 3.20% Day High: 164 Day Low: 157.34

Continued trades against BARC with a mid-price ABOVE 164 should improve t ……..

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LSE:BT.A British Telecom. Close Mid-Price: 190.55 Percentage Change: + 1.60% Day High: 191.15 Day Low: 185.95

All British Telecom needs are mid-price trades ABOVE 191.15 to improve ac ……..

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LSE:CCL Carnival Close Mid-Price: 872 Percentage Change: -8.48% Day High: 954.2 Day Low: 868.8

Target met. Weakness on Carnival below 868.8 will invariably lead to 827 ……..

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LSE:EMG MAN Close Mid-Price: 243 Percentage Change: -2.13% Day High: 249.6 Day Low: 240.6

Further movement against MAN ABOVE 249.6 should improve acceleration towa ……..

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LSE:FRES Fresnillo. Close Mid-Price: 818.8 Percentage Change: + 2.30% Day High: 824 Day Low: 794

In the event of Fresnillo enjoying further trades beyond 824, the share s ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 519.4 Percentage Change: + 1.25% Day High: 540 Day Low: 502.9

All Glencore Xstra needs are mid-price trades ABOVE 540 to improve accele ……..

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LSE:SDY Speedyhire Close Mid-Price: 44.8 Percentage Change: -3.66% Day High: 45.85 Day Low: 44.7

Target met. Weakness on Speedyhire below 44.7 will invariably lead to 43 ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 615.6 Percentage Change: + 2.26% Day High: 621.2 Day Low: 592.6

Target met. Further movement against Standard Chartered ABOVE 621.2 shoul ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 105.5 Percentage Change: + 0.96% Day High: 106.5 Day Low: 105.5

Weakness on Zoo Digital below 105.5 will invariably lead to 103 with seco ……..

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

M&G Plc, offering positive share price outcomes…

#Gold #SP500

It was a bit of a surprise to discover M&G Plc are now starting to look interesting. A few weeks ago, we covered Prudential Plc, completely unrelated to Prudential Assurance of which M&G are the direct parent company. Perhaps there’s something about the word “Prudential” which the markets currently like, especially as M&G Plc currently look capable of enjoying some share price growth.

However, we can’t continue without first pausing to highlight some exquisite groupthink gibberish on their corporate website; “Following the launch of PruFund Planet, the UK’s first smoothed UK savings proposition that offers positive societal and environmental outcomes, we continue to expand our range of thematic and sustainable propositions.”

Why, oh why, couldn’t they have just said, “we’re in business to make money through investment!”

 

Their company share price appears on the crux of becoming interesting, the only meaningful movement this year being due to the Russian drop in March. Now above just 222p looks mildly useful, apparently capable of triggering recovery to a near term 229p. Above this level and the price risks becoming more exciting, our calculations producing a secondary target at 252p and almost certain hesitation, thanks to this coinciding with previous highs back in 2020 and 2021.

One feature about such hesitation is it’s easy to assume it shall be inspired by the Babe brigade, those folk who bought at previous highs and opting to ‘bail at break even’. Generally, when such selling pressure appears, it’s effects tend diminish with time and as this shall be the share price’s potential 3rd attempt at this level, we’re not entirely nervous by suggesting above 252p should fuel longer term price growth to 280p and beyond, new all time high levels.

 

If everything intends go horribly wrong, the share price currently needs slump below 178p. Weakness such as this risks provoking a downward spiral to an initial 142 with secondary, if broken, at 120p and hopefully a trampoline bottom.

Massive thanks to the kind folk who discovered a fascinating advert to visit on this page on Monday. The clicks paid for the increase in Taylors coffee bean prices (not kidding!)

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:56:55PM BRENT 111.33 ‘cess
10:58:37PM GOLD 1853.84 1846 1838 1829 1858 1865 1873 1886 1851 ‘cess
11:01:40PM FTSE 7476.33 ‘cess
11:03:37PM FRANCE 6346 Success
11:05:39PM GERMANY 14055.9 ‘cess
11:08:02PM US500 3938 3914 3906 3880 3951 3984 4011 4078 3945 ‘cess
11:10:10PM DOW 31748 Success
11:14:03PM NASDAQ 11837 ‘cess
11:15:59PM JAPAN 26921 Success
23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%
20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%
19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%
18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%
17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%
16/05/2022 FTSE Closed at 7464 points. Change of 0.62%. Total value traded through LSE was: £ 6,081,329,244 a change of -11.87%
13/05/2022 FTSE Closed at 7418 points. Change of 2.56%. Total value traded through LSE was: £ 6,900,608,037 a change of -14.47%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:CCL Carnival** **LSE:EMG MAN** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:SNN Sanne Plc** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Aviva, Astrazeneca, Carnival, MAN, Glencore Xstra, IQE, Intertek, Sanne Plc, Standard Chartered, Zoo Digital,

LSE:AV. Aviva. Close Mid-Price: 429.2 Percentage Change: + 4.15% Day High: 431.3 Day Low: 407.1

In the event of Aviva enjoying further trades beyond 431.3, the share sho ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 10600 Percentage Change: + 1.01% Day High: 10634 Day Low: 10454

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LSE:CCL Carnival Close Mid-Price: 952.8 Percentage Change: -2.40% Day High: 995.8 Day Low: 923

If Carnival experiences continued weakness below 923, it will invariably ……..

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LSE:EMG MAN. Close Mid-Price: 248.3 Percentage Change: + 5.17% Day High: 246.7 Day Low: 237.9

Continued trades against EMG with a mid-price ABOVE 246.7 should improve ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 513 Percentage Change: + 3.15% Day High: 516.7 Day Low: 497.45

Glencore appear worthy of attention as above 517 now looks capable of move ……..

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LSE:IQE IQE. Close Mid-Price: 29.25 Percentage Change: + 2.45% Day High: 29.3 Day Low: 27.8

Weakness on IQE below 27.8 will invariably lead to 27p with secondary (if ……..

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LSE:ITRK Intertek Close Mid-Price: 4706 Percentage Change: -3.94% Day High: 4880 Day Low: 4640

Target met. If Intertek experiences continued weakness below 4640, it wil ……..

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LSE:SNN Sanne Plc. Close Mid-Price: 902 Percentage Change: + 1.01% Day High: 904 Day Low: 883

If Sanne Plc experiences continued weakness below 883, it will invariably ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 602 Percentage Change: + 2.63% Day High: 602 Day Low: 588.6

Continued trades against STAN with a mid-price ABOVE 602 should improve t ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 104.5 Percentage Change: -7.11% Day High: 112.5 Day Low: 106.5

If Zoo Digital experiences continued weakness below 106.5, it will invari ……..

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

Could Lloyds Bank be looking good?

#Brent #Dax

I’ve mentioned a chum several times over the years, his business being a pretty good barometer of how trade activity is in the UK. If his pre-demolition survey business is doing well, it’s generally a pretty good indication we should anticipate the markets being buoyant and conversely, if he’s quiet, to anticipate trouble. He’s now taking on more staff for the first time in 10 years, when the penny dropped he risked losing contracts due to needing to start a booking schedule for 2023.

Our thinking is fairly simple. If he’s busy, the construction industry intends to be busy, material demand will be high, pay rates will be high, and all the grotty burger vans which litter roadsides will be busy. Everyone benefits, just ‘cos my chum is wandering around taking photo’s, extracting material samples and scrawling copious notes in shopping centres, factory units, tower blocks, schools, and rather a lot of hospitality business’ too. We’d a long natter this weekend, thanks to him agonising what to quote for a seriously big project which involves no less than 5 ‘Listed’ building exteriors. In conclusion, he decided to quite literally double his usual price, thanks to prices everywhere going up along with the inevitable reputational nightmare, should anything go wrong at any stage of “the big job”.

 

So, with all this frothy and optimistic discussion for the future, why the heck is the UK’s retail banking sector managing to remain in the pits?

 

Prices everywhere are going up, unless, of course, they are share prices. And Lloyds remain at the forefront, managing to do very little against a backdrop of hope for the future. Perhaps some slight hope may be taken from our analysis three weeks ago, the one where we speculated on potential reversal from 45.25 to 43p (which happened) with a secondary target, should 43p break, down at 40.6p and hopefully a bounce. The share did indeed break below our 43p, even managing to close below this initial target but a visit to 40.6p has been noticeably absent. Perhaps this is an implication of some hidden strength, perhaps it’s a timing issue. We’re inclined to suspect the “hidden strength” theory.

 

Currently trading around 43.6p, Lloyds Bank needs trade above 46.4p to give the first indication of a trigger for happier times ahead.

Above 46.4p risks triggering share price recovery toward an initial 50.3p with secondary, if exceeded, a slightly more useful 52.5p. The secondary represents what we suspect shall prove a key point in Lloyds future history as closure above this level should prove a really big deal, making it possible to speculate on a longer term 77p without attempting to conceal a hysterical giggle.

Perhaps all this optimism is quite a heavy weight to dump on the shoulders of our chum with his clipboard and camera but over the years, we’ve noticed a distinct (and safe) pattern, when he gets busy, the stock market starts to do well in the months following.

Massive thanks to the kind folk who discovered a fascinating advert to visit on this page on Thursday. The clicks paid for the increase in Taylors coffee bean prices (not kidding!)

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
3:41:53PM BRENT 110.92 108.98 108 106.84 110.6 111.43 112.05 114.59 109.1
3:47:30PM GOLD 1847.08
3:49:34PM FTSE 7400.39
3:51:59PM FRANCE 6300.7 Shambles
3:55:02PM GERMANY 14055 13850 13809 13746 13945 14160 14176 14342 14084
3:58:07PM US500 3901
4:05:16PM DOW 31253 Shambles
4:08:09PM NASDAQ 11833 Success
4:10:29PM JAPAN 26738
20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%
19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%
18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%
17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%
16/05/2022 FTSE Closed at 7464 points. Change of 0.62%. Total value traded through LSE was: £ 6,081,329,244 a change of -11.87%
13/05/2022 FTSE Closed at 7418 points. Change of 2.56%. Total value traded through LSE was: £ 6,900,608,037 a change of -14.47%
12/05/2022 FTSE Closed at 7233 points. Change of -1.55%. Total value traded through LSE was: £ 8,068,175,968 a change of -13.29%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:DGE Diageo** **LSE:SNN Sanne Plc** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Aviva, Astrazeneca, Cellular Goods, Centrica, Diageo, Sanne Plc, Zoo Digital,

LSE:AV. Aviva. Close Mid-Price: 412.1 Percentage Change: + 0.78% Day High: 422.8 Day Low: 410

All Aviva needs are mid-price trades ABOVE 422.8 to improve acceleration ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 10494 Percentage Change: + 2.38% Day High: 10578 Day Low: 10308

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LSE:CBX Cellular Goods Close Mid-Price: 1.52 Percentage Change: -2.24% Day High: 1.62 Day Low: 1.52

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LSE:CNA Centrica. Close Mid-Price: 88.18 Percentage Change: + 1.78% Day High: 89.2 Day Low: 86.96

All Centrica needs are mid-price trades ABOVE 89.2 to improve acceleratio ……..

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LSE:DGE Diageo. Close Mid-Price: 3598 Percentage Change: + 0.78% Day High: 3648 Day Low: 3578.5

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LSE:SNN Sanne Plc. Close Mid-Price: 893 Percentage Change: + 0.00% Day High: 896 Day Low: 887

In the event Sanne Plc experiences weakness below 887 it calculates with ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 112.5 Percentage Change: + 0.90% Day High: 112.5 Day Low: 111.5

Below 108 is looking slightly dodgy, allowing weakness to an initial 105 w ……..

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

Our famed FTSE for Friday (FTSE:UKX)

#FTSE #WallSt

After Brexit, there were plenty of horror stories about how London would be devastated at the loss of banking jobs to Europe. Unsurprisingly, this has turned out not to be the case, the European Central Bank currently attempting to order UK banks to fill their pretend operations in Europe. Equally, the volume of derivatives traded in London was supposed to collapse and yet again, financial volumes remain pretty respectable.

A quick calculation reveals a steady climb in values traded through the stock market, up roughly 40% in the years since 2016. It certainly appears rumours of the death of London are turning out to lack substance.

However, despite the hysterical headlines as shown below, the reality for the FTSE is currently less dramatic. None of the writers appear capable of paying attention to the fact the FTSE isn’t even as low as it was just 7 sessions ago. Nor has the market broken through the uptrend since the pandemic low of March 2020. With the FTSE closing Thursday at 7,302 points, the UK market remains comfortably above the Russia inspired low in March, where the market reversed to 6,787 points. We prefer to think of the financial media as being (mostly) respectable but when headline writers appear to form a rabid pack, determined to give the impression of a disaster, it’s difficult to have any sympathy for their collectively failing circulation figures.

The funny thing, those folk who remember the dreadful days of 2008 and early 2009, when reversals felt remorseless and -2% days on the FTSE proved far from unusual, the headlines above fail to make any sense when appreciating this week has witnessed two up days, then two down days for the FTSE. At time of writing, it feels like Friday is scheduled to be a day of some gains, at least in the near term.

Above 7305 points calculates with the potential of movement to an initial 7353 points. If exceeded, our secondary works out at an even more respectable 7438 points. Allegedly, the tightest stop if this movement triggers works out at 7264 points and, to be honest, we’re a little fragile regarding the secondary target. It appears to be almost a free gift, something the FTSE tends be quite parsimonious about bestowing. Unfortunately, such a secondary target makes rather a lot of visual sense.

 

Our alternate scenario kicks in, should the market discover an excuse to slip below Thursdays low of 7228 points. Initially, we can argue for reversal toward 7180 points where we’d anticipate a short lived bounce. But should 7180 break, our secondary calculates at 7090, a level at which we’d hope for a real rebound.

The market needs break below 7090 points before we shall concede the scary headline writers maybe have a very real and very dangerous point. But at present, we suspect they’re simply trying to sell newspapers.

Massive thanks to the kind folk who discovered a fascinating advert to visit on this page on Thursday. The clicks paid for the increase in Taylors coffee bean prices (not kidding!)

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:52:16PM BRENT 109.96 104.4 103.34 107.7 110.79 112.2 108.55 ‘cess
9:54:23PM GOLD 1841.97 1806 1791 1826 1849 1863 1826 Success
9:57:22PM FTSE 7328.46 7224 7184 7289 7393 7413 7303 ‘cess
9:59:12PM FRANCE 6279.4 6236 6214 6262 6316 6345 6270 Success
10:02:29PM GERMANY 13921 13677 13650 13777 13985 14053 13873
10:05:06PM US500 3901.94 3856 3833 3923 3947 3976 3897 Success
10:07:04PM DOW 31251 30984 30812 31282 31573 31824 31300 Success
10:09:31PM NASDAQ 11899 11700 11622 11992 12081 12096 11882 ‘cess
10:11:54PM JAPAN 26373 26065 25975 26506 26556 26639 26347 ‘cess

 

19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%
18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%
17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%
16/05/2022 FTSE Closed at 7464 points. Change of 0.62%. Total value traded through LSE was: £ 6,081,329,244 a change of -11.87%
13/05/2022 FTSE Closed at 7418 points. Change of 2.56%. Total value traded through LSE was: £ 6,900,608,037 a change of -14.47%
12/05/2022 FTSE Closed at 7233 points. Change of -1.55%. Total value traded through LSE was: £ 8,068,175,968 a change of -13.29%
11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%

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:AFC AFC Energy** **LSE:AML Aston Martin** **LSE:AVCT Avacta** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:EXPN Experian** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:RMG Royal Mail** **LSE:SDY Speedyhire** **LSE:SNN Sanne Plc** **LSE:SPX Spirax** **LSE:TSCO Tesco** **

********

Updated charts published on : AFC Energy, Aston Martin, Avacta, Cellular Goods, Centamin, Darktrace Plc, Experian, IG Group, Intertek, Just Eat, Royal Mail, Speedyhire, Sanne Plc, Spirax, Tesco,

LSE:AFC AFC Energy. Close Mid-Price: 25.34 Percentage Change: + 2.59% Day High: 25.5 Day Low: 23.22

Weakness on AFC Energy below 23.22 will invariably lead to 22 with second ……..

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LSE:AML Aston Martin Close Mid-Price: 678 Percentage Change: -1.97% Day High: 687.4 Day Low: 643.6

In the event Aston Martin experiences weakness below 643.6 it calculates ……..

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LSE:AVCT Avacta Close Mid-Price: 103 Percentage Change: -5.50% Day High: 109 Day Low: 102

Weakness on Avacta below 102 will invariably lead to 99 with secondary, i ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.56 Percentage Change: -10.86% Day High: 1.75 Day Low: 1.62

Target met. In the event Cellular Goods experiences weakness below 1.62 i ……..

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LSE:CEY Centamin. Close Mid-Price: 83.06 Percentage Change: + 0.41% Day High: 82.84 Day Low: 78.78

If Centamin experiences continued weakness below 78.78, it will invariabl ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 340 Percentage Change: + 5.20% Day High: 342.5 Day Low: 312.6

Target met. In the event Darktrace Plc experiences weakness below 312.6 i ……..

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LSE:EXPN Experian Close Mid-Price: 2506 Percentage Change: -0.52% Day High: 2516 Day Low: 2436

In the event Experian experiences weakness below 2436 it calculates with ……..

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LSE:IGG IG Group Close Mid-Price: 702 Percentage Change: -0.85% Day High: 709 Day Low: 689.5

Target met. Continued weakness against IGG taking the price below 689.5 c ……..

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LSE:ITRK Intertek Close Mid-Price: 4867 Percentage Change: -0.21% Day High: 4857 Day Low: 4748

Weakness on Intertek below 4748 will invariably lead to 4696 with seconda ……..

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LSE:JET Just Eat. Close Mid-Price: 1666.4 Percentage Change: + 4.59% Day High: 1668.4 Day Low: 1560.6

In the event Just Eat experiences weakness below 1415.8 it calculates wit ……..

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LSE:RMG Royal Mail Close Mid-Price: 300 Percentage Change: -12.38% Day High: 332.1 Day Low: 290.2

Target met. Continued weakness against RMG taking the price below 290.2 c ……..

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LSE:SDY Speedyhire Close Mid-Price: 45.1 Percentage Change: -4.04% Day High: 46.75 Day Low: 45.15

If Speedyhire experiences continued weakness below 45.15, it will invaria ……..

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LSE:SNN Sanne Plc Close Mid-Price: 893 Percentage Change: -0.33% Day High: 897 Day Low: 888

Weakness on Sanne Plc below 888 will invariably lead to 848 with secondar ……..

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LSE:SPX Spirax Close Mid-Price: 10230 Percentage Change: -2.29% Day High: 10395 Day Low: 10045

In the event Spirax experiences weakness below 10045 it calculates with a ……..

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LSE:TSCO Tesco Close Mid-Price: 255.1 Percentage Change: -4.13% Day High: 257.2 Day Low: 251.5

If Tesco experiences continued weakness below 251.5, it will invariably l ……..

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

Brent Crude to crash to $65?

#Gold #SP500

When a share or commodity appears to get out of control, it’s usually worth taking several steps back and reviewing the Big Picture. Often, it can be stunning how quickly “confused” becomes “understood”. For #Brent, we’ve presented a 15 year chart below and, as can be immediately seen, the visual results are utterly useless!

About the only sane result comes from the fact the recent high in the 130’s rather neatly matched the plateau from 2009 through to 2013, suggesting some sort of glass ceiling exists, a natural high the commodity is experiencing difficulty exceeding. The situation currently is pretty straightforward. Our calculations suggest above $130 should make an attempt at $152 next. If triggered, apparently such a movement shouldn’t even need a clever stop loss as the chart to this hypothetical 152 should prove relentless.

However, the Big Picture is utterly failing in its duty to provide an overall clue as to direction. Unfortunately, about the only path to sanity comes from the inset on the chart, Brent movements during the last three months.

 

If we take a deep breath and choose to break down what’s been happening;

  1. Brent peaked in early March, almost reaching $140 (briefly) but failed to close the session above $128.
  2. Subsequent rises have failed to trouble this initial high, instead describing a pattern of “lower highs” until this weeks surprise visit to $115.
  3. Equally, when we review the pattern of ‘lows’, instead of constant ‘lower lows’, we see the lows getting very slightly higher. This behaviour goes against conventional wisdom as where we’d expect to see confidence weakening, instead there’s an insidious suggestion of strength building.
  4. Finding ourselves in a situation where the Highs are not getting Higher and the Lows are not getting Lower, about the only safe conclusion we can draw is one, where it appears the market itself doesn’t have a clue what to do, instead choosing to maintain Brent Crude in some sort of holding pattern.

 

Quite absurdly, we’re supposed to believe this is all the fault of Russia/Ukraine while ignoring  the reality of Brent moving from the $20 level to $98 before the war started. It was ‘simply’ the case of demand growing for oil, due to the pandemic easing, and the critical balance between supply, storage, and demand getting out of kilter for a while. As a result, it appears any perceived resolution of the Ukraine conflict can be expected to provoke some sharp reversals in the price of crude.

For Brent, we’re inclined to regard $101 as a trigger level as movement currently below such a level should prove capable of sharp reversal to an initial $82. Should such a level break, our secondary works out at $65 and a very possible bounce level, when the product matches its pre-pandemic price.

For now, like the wider market, we’re not seeing any comfortable clues as to direction but, if we take an “if it were a share” stance, we’d tend anticipate $82 making a surprise appearance sometime soon.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:57:47PM BRENT 107.9 Success
9:59:23PM GOLD 1816.86 1807 1800 1788 1817 1826 1828 1835 1815
10:01:31PM FTSE 7388.5 Success
10:03:48PM FRANCE 6294.4 Success
10:06:11PM GERMANY 13858 Success
10:08:31PM US500 3917.62 3905 3888 3868 3932 3958 3978 4002 3920 Success
10:12:20PM DOW 31433 Success
10:15:11PM NASDAQ 11894 Success
10:18:33PM JAPAN 26268 Success

 

18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%
17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%
16/05/2022 FTSE Closed at 7464 points. Change of 0.62%. Total value traded through LSE was: £ 6,081,329,244 a change of -11.87%
13/05/2022 FTSE Closed at 7418 points. Change of 2.56%. Total value traded through LSE was: £ 6,900,608,037 a change of -14.47%
12/05/2022 FTSE Closed at 7233 points. Change of -1.55%. Total value traded through LSE was: £ 8,068,175,968 a change of -13.29%
11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%
10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:DARK Darktrace Plc** **LSE:EXPN Experian** **LSE:NG. National Glib** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **

********

Updated charts published on : Aviva, Cellular Goods, Centrica, Darktrace Plc, Experian, National Glib, Spirax, Tern Plc,

LSE:AV. Aviva. Close Mid-Price: 414 Percentage Change: + 2.06% Day High: 420.25 Day Low: 407.5

Further movement against Aviva ABOVE 420.25 should improve acceleration t ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.75 Percentage Change: -5.41% Day High: 1.85 Day Low: 1.75

Target met. Continued weakness against CBX taking the price below 1.75 ca ……..

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LSE:CNA Centrica. Close Mid-Price: 87.86 Percentage Change: + 3.93% Day High: 88.02 Day Low: 84.74

Target met. Continued trades against CNA with a mid-price ABOVE 88.02 sho ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 323.2 Percentage Change: -15.17% Day High: 379.9 Day Low: 319.8

Target met. Continued weakness against DARK taking the price below 319.8 ……..

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LSE:EXPN Experian Close Mid-Price: 2519 Percentage Change: -5.62% Day High: 2613 Day Low: 2468

Target met. Continued weakness against EXPN taking the price below 2468 c ……..

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LSE:NG. National Glib. Close Mid-Price: 1245.5 Percentage Change: + 0.69% Day High: 1266 Day Low: 1231

Target met. Further movement against National Glib ABOVE 1266 should impr ……..

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LSE:SPX Spirax Close Mid-Price: 10470 Percentage Change: -4.43% Day High: 11030 Day Low: 10495

Target met. Continued weakness against SPX taking the price below 10495 c ……..

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LSE:TERN Tern Plc. Close Mid-Price: 13 Percentage Change: + 0.00% Day High: 13 Day Low: 12.75

Tern continues to fail to have a good time but now above 15p should bring ……..

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

ALD Automotive, a rising star in Europe?

#FTSE #NK225

Our weekly delve into Europe to search for shares becoming interesting revealed yet another automotive related organisation, ALD [EU:ALD]. Perhaps the threat of Europe mobilising s throwing extra energy toward the leasing markets.  In fairness, ALD claim to be active in 43 countries worldwide and while their name may not be familiar, the fact they are the vehicle leasing arm of finance giant, Societe Generale, inspires more than a touch of confidence.

 

Our fascination with ALD comes from both a Big Picture perspective and also, from the near term. At time of writing, trading around 13.76€, visually, there’s quite a strong suggestion movement exceeding just 14.1 should promote some growth to an initial 14.9€.

By many standards, such a target ambition is liable to become quite a big deal.

Achieving our 14.9 target accomplishes a series of little victories. Firstly, it takes the price above the downtrend since 2018. Secondly, if betters the pre-pandemic high around 14€. And third, is describes a higher high, quite literally the best price achieved since 2018. And forth, it also gives a conclusive chance for the share price to close above the visual ‘Glass Ceiling’ which loiters at the 14€ level. As a result, we harbour considerable hope movement such as this shall fuel a long term success, if only due to the plethora of boxes being ticked.

In the event the share price manages to close above the 14.9 Euro level, we suspect a future movement capable of challenging its previous all time highs with a target level at 16€. If bettered, brand new heights become possible with a third target level at 19.3€.

By every conventional standard, ALD appear worth keeping an eye on.

For trouble to rear its head (such as announcing they intend supporting the resurrection of British marques such as Rover, Morris, or Hillman…) the price needs slump below 11 as this calculates with a reversal potential to an initial 9.4 with secondary, if broken, at a probable bottom of 8€. As can be assumed, nothing currently threatens such a calamity.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:56:11PM BRENT 111.75 ‘cess
9:57:51PM GOLD 1815 ‘cess
10:05:15PM FTSE 7536 7452 7433 7397 7495 7543 7577 7619 7488 ‘cess
10:08:57PM FRANCE 6446 Success
10:11:41PM GERMANY 14262
10:21:11PM US500 4093.8 ‘cess
10:26:00PM DOW 32678 ‘cess
10:27:54PM NASDAQ 12572 Success
10:29:51PM JAPAN 26830 26594 26504 26380 26718 26871 27031 27233 26723

 

17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%
16/05/2022 FTSE Closed at 7464 points. Change of 0.62%. Total value traded through LSE was: £ 6,081,329,244 a change of -11.87%
13/05/2022 FTSE Closed at 7418 points. Change of 2.56%. Total value traded through LSE was: £ 6,900,608,037 a change of -14.47%
12/05/2022 FTSE Closed at 7233 points. Change of -1.55%. Total value traded through LSE was: £ 8,068,175,968 a change of -13.29%
11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%
10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%
9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%

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:CBX Cellular Goods** **LSE:ECO ECO (Atlantic) O & G** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:RKH Rockhopper** **LSE:STAN Standard Chartered** **LSE:VOD Vodafone** **

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Updated charts published on : Barclays, Cellular Goods, ECO (Atlantic) O & G, International Personal Finance, National Glib, Rockhopper, Standard Chartered, Vodafone,

LSE:BARC Barclays. Close Mid-Price: 155.86 Percentage Change: + 2.74% Day High: 157.08 Day Low: 152.18

All Barclays needs are mid-price trades ABOVE 157.08 to improve accelerat ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.85 Percentage Change: -2.63% Day High: 1.95 Day Low: 1.85

If Cellular Goods experiences continued weakness below 1.85, it will inva ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 28.4 Percentage Change: + 6.17% Day High: 28.5 Day Low: 26.75

Continued trades against ECO with a mid-price ABOVE 28.5 should improve t ……..

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LSE:IPF International Personal Finance Close Mid-Price: 86.2 Percentage Change: -3.79% Day High: 91 Day Low: 84.5

Weakness on International Personal Finance below 84.5 will invariably lea ……..

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LSE:NG. National Glib. Close Mid-Price: 1237 Percentage Change: + 0.69% Day High: 1239 Day Low: 1219.5

Continued trades against NG. with a mid-price ABOVE 1239 should improve t ……..

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LSE:RKH Rockhopper. Close Mid-Price: 8.19 Percentage Change: + 2.37% Day High: 8.28 Day Low: 7.54

This feels unhappy, pointing at movement below 7.5 bringing an initial 7.2 ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 591.8 Percentage Change: + 0.71% Day High: 599.6 Day Low: 586.8

All Standard Chartered needs are mid-price trades ABOVE 599.6 to improve ……..

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LSE:VOD Vodafone. Close Mid-Price: 120.3 Percentage Change: + 0.20% Day High: 121.08 Day Low: 115.02

This is behaving badly, now suggesting below 115 shall bring reversal to a ……..

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