#DAX #SP500
Our weekly dip into Europe revealed Commerzbank are starting to become very interesting! The second largest in Germany, claiming to be active in more than 50 countries along with providing around 1/3rd of Germany’s trade finance. Unusually, for a company which has been trading since 1870, a glance at their history proved pretty much as expected with the usual corruption allegations along with some record fines. In other words, a bank…
The company shares were rated amongst the most active in Germany on Wednesday, along with a consensus technical rating as a “strong buy”. As a result, we approached their share price movements already armed with scepticism as, they’re a bank and thus, not worthy of any trust! However, the share price certainly appears on the edge of doing something fairly useful, even though we suspect some patience shall be required.
Visually, the immediate situation appears mildly encouraging with the share price closing at a new high, since breaking above the Blue downtrend. Conventionally, this should justify some hope if it were not for the cluster of highs (circled) back in 2019. At this point, our inclination is to become a little pedantic as, the price closing at 8.09€, it matched this little circle, creating an expectation of a Glass Ceiling forming around this level. Thankfully though, we’d hope any hesitation shall be temporary as the share price currently only needs trade above 8.25€ to hopefully enter a recovery cycle to an initial 10.8€. If bettered, we can calculate a longer term secondary up at 13.5€.
We’re a very strong suspicion an issue awaits at the 13.5 level as this matches, repeatedly, the highest level the share price has achieved since financial markets self destructed back in 2009. Significant longer term price recovery demands the share actually close above this level. For now, it feels like the market is about to repeat a familiar pattern of price movements. For everything to go horribly wrong for Commerzbank, the share price needs fail below 6€.
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Thanks to the bunch of folk who discovered interesting adverts on this page. It buys the (very welcome) coffee!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:00:30PM | BRENT | 89.16 | Shambles | ||||||||
| 10:11:59PM | GOLD | 1806.35 | ‘cess | ||||||||
| 10:14:53PM | FTSE | 7588.45 | ‘cess | ||||||||
| 10:16:35PM | FRANCE | 7133.4 | ‘cess | ||||||||
| 10:42:24PM | GERMANY | 15578 | 15523 | 15478 | 15393 | 15648 | 15733 | 15765 | 15845 | 15616 | |
| 10:44:16PM | US500 | 4555.52 | 4540 | 4524 | 4500 | 4582 | 4596 | 4621 | 4645 | 4548 | |
| 10:46:48PM | DOW | 35647 | ‘cess | ||||||||
| 10:48:56PM | NASDAQ | 14867 | |||||||||
| 10:51:33PM | JAPAN | 27455 | Success |
2/02/2022 FTSE Closed at 7583 points. Change of 0.64%. Total value traded through LSE was: £ 5,421,060,269 a change of -9.84%
1/02/2022 FTSE Closed at 7535 points. Change of 0.95%. Total value traded through LSE was: £ 6,012,900,236 a change of -1.21%
31/01/2022 FTSE Closed at 7464 points. Change of -0.03%. Total value traded through LSE was: £ 6,086,283,575 a change of -43.89%
28/01/2022 FTSE Closed at 7466 points. Change of -1.16%. Total value traded through LSE was: £ 10,846,360,111 a change of 33.05%
27/01/2022 FTSE Closed at 7554 points. Change of 1.14%. Total value traded through LSE was: £ 8,151,826,198 a change of 20.71%
26/01/2022 FTSE Closed at 7469 points. Change of 1.33%. Total value traded through LSE was: £ 6,753,491,510 a change of 0.93%
25/01/2022 FTSE Closed at 7371 points. Change of 1.01%. Total value traded through LSE was: £ 6,691,379,675 a change of -33.53%
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:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:HSBA HSBC** **LSE:NG. National Glib** **LSE:ODX Omega Diags** **LSE:QFI Quadrise** **LSE:TRN The Trainline** **LSE:ZOL Zoldav** **
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Updated charts published on : ECO (Atlantic) O & G, EasyJet, HSBC, National Glib, Omega Diags, Quadrise, The Trainline, Zoldav,
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 28.25 Percentage Change: + 1.80% Day High: 29.25 Day Low: 27.75
Target met. All ECO (Atlantic) O & G needs are mid-price trades ABOVE 29. ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EZJ EasyJet Close Mid-Price: 627.4 Percentage Change: -1.63% Day High: 654.2 Day Low: 627.2
Continued trades against EZJ with a mid-price ABOVE 654.2 should improve ……..
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View Previous EasyJet & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 546.4 Percentage Change: + 0.53% Day High: 549.4 Day Low: 540.1
Continued trades against HSBA with a mid-price ABOVE 549.4 should improve ……..
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View Previous HSBC & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1104.8 Percentage Change: + 1.12% Day High: 1103.2 Day Low: 1087.2
All National Glib needs are mid-price trades ABOVE 1103.2 to improve acce ……..
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View Previous National Glib & Big Picture ***
LSE:ODX Omega Diags. Close Mid-Price: 9.5 Percentage Change: + 22.58% Day High: 9.88 Day Low: 7.75
This looks very like the price is enacting a “panic” escape attempt, thank ……..
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View Previous Omega Diags & Big Picture ***
LSE:QFI Quadrise. Close Mid-Price: 2.02 Percentage Change: + 0.75% Day High: 2.02 Day Low: 1.98
If Quadrise experiences continued weakness below 1.98, it will invariably ……..
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View Previous Quadrise & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 229.4 Percentage Change: -1.71% Day High: 242.2 Day Low: 228.4
Target met. All The Trainline needs are mid-price trades ABOVE 242.2 to i ……..
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View Previous The Trainline & Big Picture ***
LSE:ZOL Zoldav Close Mid-Price: 19.5 Percentage Change: -7.14% Day High: 19.5 Day Low: 19.5
Weakness on Zoldav below 19.5 will invariably lead to 17 next. If broken, ……..
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View Previous Zoldav & Big Picture ***







