Greatland Gold Plc (LSE:GGP) Can Gold bounce?

#Goldrush #Nasdaq #FTSE  There are a bunch of shares where prices dropped to what we call a “logical bottom” at the start of October and we’ve been emailed for our opinion. Some shares are experiencing half hearted bounces. Some can almost justify “real” bounces. Hopefully our calculations for Greatland prove as accurate as our last review in December 2020, when we’d given criteria for a successful 35p, along with criteria for reversal to 12p and worse. Both scenario came to fruition!

We’d initially become interested in Greatland, due to their operations in the areas where the hero of TV’s “Gold Rush” was exploring, intending to open his own operations in Australia. Needless to say, the pandemic stuck its oar in with Australia becoming off limits for a few years and so far, there’s been not a single clue on telly whether the documentary program intends return. However, it is perhaps of note the sheer number of shares currently exploring what we call logical bottoms and if it were not for the case the FTSE has not yet achieved a visit to the 7100 level, we’d be advocating sharp price recovery. Unfortunately, with the FTSE currently several hundred points above our suspected drop target, if the principal UK index intends to continue creating difficult trading conditions, it’s unlikely share prices will suddenly start behaving themselves.

Then again, perhaps the drop in the FTSE to 7324 shall be deemed sufficiently close to our 7100 target, so we’re maybe being hesitant for no reason. Our inclination is to suspect the worst and we should doubtless stop scanning the markets looking for logical bottoms until such time world peace breaks out, interest rates regain sanity, and Brent Crude relaxes to 57 dollars…

 

If we adopt the stance Greatland has perhaps bottomed, what signals shall be worth watching for, if playing at “Catch the Bounce?”

Trading above just 7.95p looks like it should trigger share price recovery to an initial 9.8p with secondary, if bettered, calculating at a longer term 12.8p. This secondary target looks pretty significant from a Big Picture perspective, the share price needing to close above such a level to introduce the potential of “real” recovery, offering slight succour to those who’ve been trapped since the highs of 2021. Unfortunately, there’s also something important which is worthy of mention.

The first couple of sessions this week produced some really odd share price movements for Greatland, almost like “they” didn’t want the price to go up just yet. As a result, we shall not be surprised if it falls back to the 6p level before a future attempt at bouncing.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:31:58PM BRENT 8711.3 ‘cess
9:34:22PM GOLD 1971.68 ‘cess
9:38:58PM FTSE 7401 7325 7312 7262 7371 7432 7442 7481 7378 ‘cess
9:41:30PM STOX50 4069.4 ‘cess
9:44:56PM GERMANY 14907.3 ‘cess
9:47:18PM US500 4247.6 ‘cess
9:50:30PM DOW 33230.5
9:53:04PM NASDAQ 14726.8 14598 14514 14402 14710 14850 14880 14918 14694 ‘cess
9:55:46PM JAPAN 31247 ‘cess

 

24/10/2023 FTSE Closed at 7389 points. Change of 0.2%. Total value traded through LSE was: £ 4,457,908,651 a change of 13.65%
23/10/2023 FTSE Closed at 7374 points. Change of -0.38%. Total value traded through LSE was: £ 3,922,414,231 a change of -25.79%
20/10/2023 FTSE Closed at 7402 points. Change of -1.29%. Total value traded through LSE was: £ 5,285,642,202 a change of 11.3%
19/10/2023 FTSE Closed at 7499 points. Change of -1.17%. Total value traded through LSE was: £ 4,748,869,334 a change of -10.32%
18/10/2023 FTSE Closed at 7588 points. Change of -1.13%. Total value traded through LSE was: £ 5,295,187,819 a change of -4.89%
17/10/2023 FTSE Closed at 7675 points. Change of 0.59%. Total value traded through LSE was: £ 5,567,251,444 a change of 41.75%
16/10/2023 FTSE Closed at 7630 points. Change of 0.41%. Total value traded through LSE was: £ 3,927,547,887 a change of -11.37%

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:EXPN Experian** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:OXIG Oxford Instruments** **

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Updated charts published on : Barclays, Experian, IQE, Lloyds Grp., Natwest, Oxford Instruments,

LSE:BARC Barclays Close Mid-Price: 134.64 Percentage Change: -6.53% Day High: 139.86 Day Low: 129.58

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LSE:EXPN Experian Close Mid-Price: 2411 Percentage Change: -10.27% Day High: 2706 Day Low: 2410

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LSE:IQE IQE Close Mid-Price: 15.12 Percentage Change: -5.14% Day High: 16.06 Day Low: 15.1

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LSE:LLOY Lloyds Grp. Close Mid-Price: 40.58 Percentage Change: -2.03% Day High: 40.87 Day Low: 40

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LSE:NWG Natwest Close Mid-Price: 207.8 Percentage Change: -3.48% Day High: 211.8 Day Low: 206.9

Target met. In the event Natwest experiences weakness below 206.9 it calc ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 1802 Percentage Change: -1.74% Day High: 1824 Day Low: 1786

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

Diversified Energy Company Plc (DEC.L), ready to bounce?

#Gold #SP500  With our subject for this weeks “Readers Request” being a Diversified Energy, a company we’ve never come across, it was initially a bit of a puzzle why anyone would be interested. They are oil & gas focussed, work in the USA, and listed in London and boast a pretty informative website. The chart below shows a pretty straightforward reason for our hesitation, the share price currently enjoying plumbing the depths of lower lows!

All things considered, there’s actually a pretty grim argument favouring us mentioning it’s on a cycle to a potential bottom of just 52p, effectively a return to a price level last seen when the listing commenced back in 2017. We’d certainly have some concerns if the share price discovered an excuse to sink below the recent 64p as this would doubtless herald a final tumble to a hopeful bottom. We cannot confidently calculate anything below 52p, so that alone gives some (slight) hope for a bounce if such a silly looking drop target materialises.

However, since the share reached the 64p level at the start of this month, there have been some fascinating share price movements which suggest the share price is currently about to weaken down to 70p, hopefully discovering a trampoline level. Any bounce capable of exceeding 78p calculates with the potential of a lift to 85p with our longer term secondary, if exceeded, working out at a future 98p. Our argument is based on the Big Picture already suggesting 64p should be regarded as a bottom and despite current grotty market conditions, this should be heading upward.

One funny thing about our calculation which proposed a future 98p, this will effectively represent a “higher high” with the result, closure above such a price level should send a clear signal to hold on and wait, the Big Picture giving some pretty interesting future potentials which, to be fair, we shall need revisit if 98p makes an appearance. We’re the first to admit our abilities in this time machine game are just a little lacking.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:04:24PM BRENT 8923.7 8985
10:09:09PM GOLD 1972.44 1979 1962 1950 1975 1980 1984 1988 1971
10:11:36PM FTSE 7354.9 7366
10:14:54PM STOX50 4030.5 4024 ‘cess
10:20:02PM GERMANY 14775.4 14750 ‘cess
10:24:03PM US500 4225.4 4199 4179 4153 4224 4256 4260 4284 4230
10:26:41PM DOW 32996 33063
10:36:19PM NASDAQ 14647.5 14635 Shambles
10:39:18PM JAPAN 31062 31056

 

23/10/2023 FTSE Closed at 7374 points. Change of -0.38%. Total value traded through LSE was: £ 3,922,414,231 a change of -25.79%
20/10/2023 FTSE Closed at 7402 points. Change of -1.29%. Total value traded through LSE was: £ 5,285,642,202 a change of 11.3%
19/10/2023 FTSE Closed at 7499 points. Change of -1.17%. Total value traded through LSE was: £ 4,748,869,334 a change of -10.32%
18/10/2023 FTSE Closed at 7588 points. Change of -1.13%. Total value traded through LSE was: £ 5,295,187,819 a change of -4.89%
17/10/2023 FTSE Closed at 7675 points. Change of 0.59%. Total value traded through LSE was: £ 5,567,251,444 a change of 41.75%
16/10/2023 FTSE Closed at 7630 points. Change of 0.41%. Total value traded through LSE was: £ 3,927,547,887 a change of -11.37%
13/10/2023 FTSE Closed at 7599 points. Change of -0.59%. Total value traded through LSE was: £ 4,431,270,860 a change of -9.59%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AAL Anglo American** **LSE:BDEV Barrett Devs** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:EZJ EasyJet** **LSE:HL. Hargreaves Lansdown** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:NWG Natwest** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Anglo American, Barrett Devs, Cellular Goods, Carnival, EasyJet, Hargreaves Lansdown, IG Group, ITM Power, Natwest, Oxford Instruments, Primary Health, Spirax, Taylor Wimpey,

LSE:AAL Anglo American Close Mid-Price: 2031.5 Percentage Change: -1.43% Day High: 2050.5 Day Low: 1989.8

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LSE:BDEV Barrett Devs. Close Mid-Price: 398.1 Percentage Change: + 1.48% Day High: 398.5 Day Low: 384.2

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LSE:CBX Cellular Goods Close Mid-Price: 0.38 Percentage Change: -6.25% Day High: 0.4 Day Low: 0.38

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LSE:CCL Carnival. Close Mid-Price: 830.8 Percentage Change: + 2.37% Day High: 832.6 Day Low: 793

Target met. If Carnival experiences continued weakness below 793, it will ……..

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LSE:EZJ EasyJet. Close Mid-Price: 364.4 Percentage Change: + 1.25% Day High: 365.2 Day Low: 350.4

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 695.2 Percentage Change: -0.69% Day High: 699.6 Day Low: 683.4

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LSE:IGG IG Group. Close Mid-Price: 621.5 Percentage Change: + 0.57% Day High: 627 Day Low: 610.5

If IG Group experiences continued weakness below 610.5, it will invariabl ……..

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LSE:ITM ITM Power. Close Mid-Price: 67.98 Percentage Change: + 2.26% Day High: 68.66 Day Low: 63.56

Target met. Weakness on ITM Power below 63.56 will invariably lead to 62p ……..

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LSE:NWG Natwest Close Mid-Price: 215.3 Percentage Change: -1.46% Day High: 219.2 Day Low: 214.7

Target met. Continued weakness against NWG taking the price below 214.7 c ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 1834 Percentage Change: -0.65% Day High: 1852 Day Low: 1790

In the event Oxford Instruments experiences weakness below 1790 it calcul ……..

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LSE:PHP Primary Health Close Mid-Price: 85.5 Percentage Change: -1.55% Day High: 86.4 Day Low: 84.3

Target met. Weakness on Primary Health below 84.3 will invariably lead to ……..

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LSE:SPX Spirax. Close Mid-Price: 8262 Percentage Change: + 1.08% Day High: 8258 Day Low: 8094

In the event Spirax experiences weakness below 8094 it calculates with a ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 104.55 Percentage Change: -0.19% Day High: 106.2 Day Low: 102.3

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

Lloyds Banking Group (LSE:LLOY) needing the right results

#Brent #Dax  It all kicks off this week for the UK’s banking sector with Barclays due to issue a trading statement on Tuesday, Lloyds on Wednesday, and Natwest completing the misery on Friday. Something which is particularly bothersome is the state of the FTSE, along with the visual impression given by each of the banks share prices.

The problem we’re having is the series of “lower lows” currently exhibited, giving a pretty firm impression the market is anticipating the worst for the week(s) ahead. To use the FTSE as a case in point, it closed on Friday down at 7402 points, appearing unhealthily on track to discover a probable bottom level around 7100 points. Should this prove to be the case, it’s unlikely banking sector shares which all seem to be tracking the FTSE pattern, will produce any miracles.

But then again, the banks continue to snuffle at the trough of unrealistically high interest rates, so perhaps this shall provide some positive undeserved results. We use the term “undeserved”, feeling profits made as a result of actions outwith the banks control dare not be trusted as they rely on a scenario where the bank has no input. But then again, the UK retail banks surely deserve some sort of break as they continue to trail behind other countries.

 

The immediate situation for Lloyds suggests weakness below 41.3 should trigger reversal down to an initial 40.1 and perhaps a bounce. But should 40.1 break, our secondary calculates down at 38.2p, along with a reasonable expectation for a halt to reversals, if historical precedent can be trusted.

Our alternate scenario for some positive movement allows for above Blue – presently 45p – to hopefully trigger share price recovery to an initial 46.6p with our secondary, if bettered, at 50p and some hesitation.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
6:26:07PM BRENT 9123.5 8908 8796 8639 9096 9267 9302 9451 9164
6:28:14PM GOLD 1980.91 1972
6:30:31PM FTSE 7382.3 7446
6:32:18PM STOX50 4021.3 4045
6:34:36PM GERMANY 14781.9 14780 14696 14522 14918 14985 15071 15168 14896
6:36:46PM US500 4219.1 4256
6:40:33PM DOW 33089 33210
6:42:59PM NASDAQ 14546.6 14691
6:49:45PM JAPAN 31010 31221

 

20/10/2023 FTSE Closed at 7402 points. Change of -1.29%. Total value traded through LSE was: £ 5,285,642,202 a change of 11.3%
19/10/2023 FTSE Closed at 7499 points. Change of -1.17%. Total value traded through LSE was: £ 4,748,869,334 a change of -10.32%
18/10/2023 FTSE Closed at 7588 points. Change of -1.13%. Total value traded through LSE was: £ 5,295,187,819 a change of -4.89%
17/10/2023 FTSE Closed at 7675 points. Change of 0.59%. Total value traded through LSE was: £ 5,567,251,444 a change of 41.75%
16/10/2023 FTSE Closed at 7630 points. Change of 0.41%. Total value traded through LSE was: £ 3,927,547,887 a change of -11.37%
13/10/2023 FTSE Closed at 7599 points. Change of -0.59%. Total value traded through LSE was: £ 4,431,270,860 a change of -9.59%
12/10/2023 FTSE Closed at 7644 points. Change of 0.31%. Total value traded through LSE was: £ 4,901,572,931 a change of 12.56%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:BDEV Barrett Devs** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:EME Empyrean** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:GRG Greggs** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:ITV ITV** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Aston Martin, Barrett Devs, Cellular Goods, Carnival, Empyrean, Experian, EasyJet, Greggs, Hargreaves Lansdown, British Airways, ITV, Natwest, Ocado Plc, Primary Health, Spirax, Taylor Wimpey,

LSE:AML Aston Martin Close Mid-Price: 219.8 Percentage Change: -3.43% Day High: 224.6 Day Low: 214.6

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LSE:BDEV Barrett Devs Close Mid-Price: 392.3 Percentage Change: -0.05% Day High: 393.7 Day Low: 387.6

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LSE:CBX Cellular Goods Close Mid-Price: 0.4 Percentage Change: -5.88% Day High: 0.42 Day Low: 0.4

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LSE:CCL Carnival Close Mid-Price: 811.6 Percentage Change: -4.52% Day High: 837.2 Day Low: 812.6

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LSE:EME Empyrean. Close Mid-Price: 0.73 Percentage Change: + 1.54% Day High: 0.7 Day Low: 0.6

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LSE:EXPN Experian. Close Mid-Price: 2642 Percentage Change: + 0.15% Day High: 2658 Day Low: 2603

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LSE:EZJ EasyJet Close Mid-Price: 359.9 Percentage Change: -1.23% Day High: 365.2 Day Low: 354

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LSE:GRG Greggs Close Mid-Price: 2282 Percentage Change: -1.13% Day High: 2304 Day Low: 2248

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 700 Percentage Change: + 1.13% Day High: 700.6 Day Low: 685

Continued weakness against HL. taking the price below 685 calculates as l ……..

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LSE:IAG British Airways Close Mid-Price: 138 Percentage Change: -2.68% Day High: 140.5 Day Low: 137.5

Target met. In the event British Airways experiences weakness below 137. ……..

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LSE:ITV ITV Close Mid-Price: 63.88 Percentage Change: -0.81% Day High: 64.48 Day Low: 63.36

Target met. In the event ITV experiences weakness below 63.36 it calculat ……..

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LSE:NWG Natwest Close Mid-Price: 218.5 Percentage Change: -1.75% Day High: 221.8 Day Low: 218

Weakness on Natwest below 218 will invariably lead to 216p with secondary ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 486.7 Percentage Change: -3.09% Day High: 509.2 Day Low: 474

Target met. Weakness on Ocado Plc below 474 will invariably lead to 460p ……..

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LSE:PHP Primary Health Close Mid-Price: 86.85 Percentage Change: -0.23% Day High: 89.45 Day Low: 86.05

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LSE:SPX Spirax Close Mid-Price: 8174 Percentage Change: -2.50% Day High: 8300 Day Low: 8106

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LSE:TW. Taylor Wimpey Close Mid-Price: 104.75 Percentage Change: -0.19% Day High: 104.8 Day Low: 103.2

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

Our world famed FTSE for Friday.

#FreeFutures  It often feels like the FTSE’s preferred stance is to nosedive, often without any valid reason. The media are perfectly capable of reporting this behaviour as; “Markets slide due to Interest Rate fears”, and then follow up with “Markets slide due to unchanged Interest Rates!” All things considered, there’s a growing inclination to suspect the days weather provides a better indicator than anything based on actual facts.

Logically (or at least from our version of logic), there’s a pretty good argument favouring the FTSE showing a positive day on Friday. On Thursday, when the index dipped down to 7490 points, it attained something we generally call a logical bottom, a point from which a rebound should occur. During the session, the market teased this level multiple times, hopefully giving the impression there was a broad awareness that things could become quite messy, if 7490 points broke. Such a calamity risks a sharp fall of yet another 120 points.

Glancing for confirmation at a local weather report for our part of Scotland concurs, the rain should allegedly stop in just 16 minutes and the temperature for Friday is a balmy 6c. There’s even a chance the winds shall be light, so it’s a day to look forward to and as a result, hopefully the market agrees and exhibits some recovery.

 

To dwell on the miserable scenario briefly, the immediate situation suggests below 7490 points threatens reversal to 7440 points initially with our secondary, should such a level break, calculating at an eventual bottom of 7372 points. If this scenario triggers, the tightest stop looks like 7540 points and, as always, if the trigger occurs in the opening seconds of trade, don’t trust it. It’s still the case when a spike downward at the open often is the precursor for movements in an entirely different direction.

 

However, something felts very contrived about Thursdays reversals. As a result, we are leaning toward optimism as above 7540 points should apparently trigger market recovery toward 7577 points. Our longer term secondary ambition is very tenuous at 7643 points but we fear our initial target shall experience some market turbulence. Essentially, beyond 7577 produces quite a range of conflicting ambitions and this sort of thing tends be the precursor for some stutters in any recovery cycle.

 

On the even brighter side, we are looking forward to the US Grand Prix this weekend, the track in Texas often capable of producing some real races. Have a good weekend.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:18:13PM BRENT 9210 8976 8912 9090 9232 9258 9206 ‘cess
10:20:59PM GOLD 1973.99 1938 1929 1957 1978 1987 1946 ‘cess
10:23:30PM FTSE 7474.9 7469 7436 7530 7542 7570 7487 Success
10:26:49PM STOX50 4056.4 4058 4044 4106 4102 4115 4080 ‘cess
10:29:38PM GERMANY 14938.6 14932 14851 15092 15103 15171 15013 Success
10:33:43PM US500 4270.3 4266 4230 4287 4312 4326 4292 ‘cess
10:38:03PM DOW 33395 33360 33242 33512 33511 33528 33400 ‘cess
10:42:08PM NASDAQ 14742.5 14730 14604 14912 14912 14970 14821 Success
10:45:16PM JAPAN 31260 31249 31210 31376 31560 31675 31417 ‘cess

 

19/10/2023 FTSE Closed at 7499 points. Change of -1.17%. Total value traded through LSE was: £ 4,748,869,334 a change of -10.32%
18/10/2023 FTSE Closed at 7588 points. Change of -1.13%. Total value traded through LSE was: £ 5,295,187,819 a change of -4.89%
17/10/2023 FTSE Closed at 7675 points. Change of 0.59%. Total value traded through LSE was: £ 5,567,251,444 a change of 41.75%
16/10/2023 FTSE Closed at 7630 points. Change of 0.41%. Total value traded through LSE was: £ 3,927,547,887 a change of -11.37%
13/10/2023 FTSE Closed at 7599 points. Change of -0.59%. Total value traded through LSE was: £ 4,431,270,860 a change of -9.59%
12/10/2023 FTSE Closed at 7644 points. Change of 0.31%. Total value traded through LSE was: £ 4,901,572,931 a change of 12.56%
11/10/2023 FTSE Closed at 7620 points. Change of -0.1%. Total value traded through LSE was: £ 4,354,502,993 a change of -19.19%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:CCL Carnival** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:SPX Spirax** **

********

Updated charts published on : Barrett Devs, Carnival, Experian, EasyJet, Hargreaves Lansdown, British Airways, Oxford Instruments, Primary Health, Spirax,

LSE:BDEV Barrett Devs Close Mid-Price: 392.5 Percentage Change: -2.39% Day High: 401.4 Day Low: 392.7

Weakness on Barrett Devs below 392.7 will invariably lead to 389 followed ……..

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LSE:CCL Carnival Close Mid-Price: 850 Percentage Change: -2.92% Day High: 866 Day Low: 837.8

Target met. Continued weakness against CCL taking the price below 837.8 ca ……..

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LSE:EXPN Experian Close Mid-Price: 2638 Percentage Change: -2.15% Day High: 2664 Day Low: 2613

Continued weakness against EXPN taking the price below 2613 calculates as ……..

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LSE:EZJ EasyJet Close Mid-Price: 364.4 Percentage Change: -2.72% Day High: 372.9 Day Low: 362.3

Continued weakness against EZJ taking the price below 362.3 calculates as ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 692.2 Percentage Change: -6.05% Day High: 714.4 Day Low: 693.2

Target met. Weakness on Hargreaves Lansdown below 693.2 will invariably l ……..

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LSE:IAG British Airways. Close Mid-Price: 141.8 Percentage Change: + 0.21% Day High: 142.6 Day Low: 139.85

If British Airways experiences continued weakness below 139.85, it will ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 1874 Percentage Change: -0.43% Day High: 1902 Day Low: 1804

Continued weakness against OXIG taking the price below 1804 calculates as ……..

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LSE:PHP Primary Health Close Mid-Price: 87.05 Percentage Change: -2.52% Day High: 89.5 Day Low: 87.05

In the event Primary Health experiences weakness below 87.05 it calculate ……..

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LSE:SPX Spirax. Close Mid-Price: 8384 Percentage Change: + 2.39% Day High: 8448 Day Low: 8132

Weakness on Spirax below 8132 will invariably lead to 8068 with secondary ……..

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

Diploma Plc and an optimistic tale

#Gold #WallSt  Someone emailed, asking our opinion on what they described as a powerful “ramp” in the Daily Telegraph, one which was promoting shares in Diploma Plc. As shown below, the headline in the newspaper didn’t hold back, breathlessly ascribing superb potentials to this FTSE component with a quite varied range of interests.

Perhaps we’re overly cautious when discussing share prices but the reality of life, prices which rarely move in a straight line, tends legislate in favour of taking a balanced approach, especially as our thing is presenting target prices. Currently, we’re inclined toward nerves with Diploma as the share price really doesn’t need try terribly hard to provoke some fairly slight reversals.

At time of writing, the share is trading around 2918p, needing only to slip below 2854p to enter a cycle where reversal down to an initial 2804p looks very possible. Should this level break, despite  the possibility of a short term bounce, our secondary calculates at a hopeful bottom of 2623p, an ambition which is almost verified by the presence of the Red uptrend since the Pandemic inspired low of 2020. At this point, things do become a little interesting as should our secondary of 2623p indeed provoke a bounce, the Big Picture claims it’s entirely possible for the share to enter a cycle toward a future 3313p, along with a challenge against the Blue downtrend from 2021.

Above such a price level, we can currently calculate a future 3705p as a valid Big Picture target for some time in the future!

 

What’s a bit of a surprise with the foregoing is the degree of visual sense all these target numbers make. It’s almost too simple to present this scenario, arguing in favour of a price reduction prior to some upward acceleration in the future, doubtless culminating in a new all time high. Perhaps the person at the Torygraph who produced the optimistic article is actually on to something valid but given the share prices immediate picture, we’d caution about rushing out to buy any immediately as the visuals imply near term reversals are perfectly possible.

Currently the share price needs exceed 3053p before we’d willingly concede it’s starting a cycle of gains.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:30:15PM BRENT 9029.6 Success
9:33:34PM GOLD 1949.09 1934 1927 1915 1943 1963 1972 1995 1944 Success
9:36:03PM FTSE 7577
9:45:28PM STOX50 4092.4 ‘cess
9:48:47PM GERMANY 15052.4 ‘cess
9:54:15PM US500 4319.9 ‘cess
9:57:10PM DOW 33686 33596 33471 33244 33816 33910 34020 34162 33750 Success
10:00:04PM NASDAQ 14944 Success
10:02:53PM JAPAN 31647 ‘cess

 

18/10/2023 FTSE Closed at 7588 points. Change of -1.13%. Total value traded through LSE was: £ 5,295,187,819 a change of -4.89%
17/10/2023 FTSE Closed at 7675 points. Change of 0.59%. Total value traded through LSE was: £ 5,567,251,444 a change of 41.75%
16/10/2023 FTSE Closed at 7630 points. Change of 0.41%. Total value traded through LSE was: £ 3,927,547,887 a change of -11.37%
13/10/2023 FTSE Closed at 7599 points. Change of -0.59%. Total value traded through LSE was: £ 4,431,270,860 a change of -9.59%
12/10/2023 FTSE Closed at 7644 points. Change of 0.31%. Total value traded through LSE was: £ 4,901,572,931 a change of 12.56%
11/10/2023 FTSE Closed at 7620 points. Change of -0.1%. Total value traded through LSE was: £ 4,354,502,993 a change of -19.19%
10/10/2023 FTSE Closed at 7628 points. Change of 1.82%. Total value traded through LSE was: £ 5,388,462,932 a change of 18%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:IAG British Airways** **LSE:JET Just Eat** **LSE:SPX Spirax** **

********

Updated charts published on : Barrett Devs, BP PLC, Carnival, ECO (Atlantic) O & G, EasyJet, British Airways, Just Eat, Spirax,

LSE:BDEV Barrett Devs Close Mid-Price: 402.1 Percentage Change: -5.14% Day High: 422 Day Low: 400.3

Continued weakness against BDEV taking the price below 400.3 calculates a ……..

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LSE:BP. BP PLC. Close Mid-Price: 558 Percentage Change: + 0.54% Day High: 562.2 Day Low: 554.7

Target met. Further movement against BP PLC ABOVE 562.2 should improve ac ……..

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LSE:CCL Carnival Close Mid-Price: 875.6 Percentage Change: -4.49% Day High: 916.2 Day Low: 873.8

Weakness on Carnival below 873.8 will invariably lead to 854p with second ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 10 Percentage Change: + 4.17% Day High: 10.38 Day Low: 9.16

In the event ECO (Atlantic) O & G experiences weakness below 9.16 it calc ……..

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LSE:EZJ EasyJet Close Mid-Price: 374.6 Percentage Change: -4.10% Day High: 390.6 Day Low: 368.2

Target met. Weakness on EasyJet below 368.2 will invariably lead to 360p ……..

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LSE:IAG British Airways Close Mid-Price: 141.5 Percentage Change: -3.08% Day High: 144.8 Day Low: 140.9

Continued weakness against IAG taking the price below 140.9 calculates as ……..

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LSE:JET Just Eat Close Mid-Price: 1008 Percentage Change: -2.98% Day High: 1128 Day Low: 1008

Further movement against Just Eat ABOVE 1128 should improve acceleration ……..

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LSE:SPX Spirax Close Mid-Price: 8188 Percentage Change: -2.50% Day High: 8368 Day Low: 8176

Target met. If Spirax experiences continued weakness below 8176, it will ……..

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

Glencore (LSE:GLEN) breaking free from its trap?

#FTSE #Stoxx50  Sometimes, when a share price crashes, it can present an opportunity. But only so long as it bounces sometime in the future!  Glencore has proven frustrating this year, their share price oscillating up and down in a window between 4 and 5 quid. Obviously, a very profitable trap in which to find itself but one which worries us as the price had been supposed to be heading in the direction of a future 690p eventually. Instead, it’s showing similar indecisiveness as my wife reading the dessert menu in a restaurant.

 

Our constant fear with shares is the often truism, “if it ain’t goin’ up, it’s goin’ down!” and as 2023 draws to a conclusion, we’re indeed starting to harbour such a suspicion. The immediate problem faced by Glencore is the pretty Red uptrend since 2020, one which the share price has been respecting but it’s now the case the price need only drop below 420p to give the first signal for imminent trauma.

Below 420 calculates with the potential of a reversal to an initial 369p, probably followed by a short term rebound but our secondary, if 369p breaks, works out at 309p. Achieving 309p should, visually, promote a proper bounce, given the presence of the Blue downtrend which dates back 12 years. For this reason alone, if a calamity strikes and Glencore share price blots its copybook, a bunch of folk with their own Blue crayon are certain to decide such a target level is imbued with surprise trampoline tendencies. While there is no immediate suggestion Glencore faces calamity, it’s doubtless worthwhile to take note of such a potential bottom as who knows when a corporate shall embrace the opportunity to disgrace itself.

 

Our other worry is a little more sophisticated as we entered 2023 with economists assuring the world to anticipate recession behaviour across North American and European markets, something we found irritating as it was completely at odds with how the markets were behaving. Now, perhaps due to the immediate threat of having to do Xmas shopping, some nerves are intruding and basically, whether it’s the price of Crude Oil, Gold, Copper or whatever, only a little nudge is required to knock things off kilter.

For Glencore, the share price doesn’t need hard work to redeem itself as now above 478p calculates with the potential of a lift to 499p. In the event such a level is exceeded, our secondary works out at 535p and will represent a solid breakout from the boring tradition of 2023, giving serious hope for the longer term.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:26:15PM BRENT 8940.4
9:28:20PM GOLD 1922 ‘cess
9:31:12PM FTSE 7672.3 7618 7580 7539 7654 7689 7706 7724 7640 ‘cess
9:34:31PM STOX50 4150.6 4110 4089 4062 4140 4169 4186 4211 4143 Shambles
9:40:12PM GERMANY 15248.2
9:46:19PM US500 4371.9
9:48:39PM DOW 33985 ‘cess
9:50:46PM NASDAQ 15123.8
9:53:06PM JAPAN 32122 ‘cess

 

17/10/2023 FTSE Closed at 7675 points. Change of 0.59%. Total value traded through LSE was: £ 5,567,251,444 a change of 41.75%
16/10/2023 FTSE Closed at 7630 points. Change of 0.41%. Total value traded through LSE was: £ 3,927,547,887 a change of -11.37%
13/10/2023 FTSE Closed at 7599 points. Change of -0.59%. Total value traded through LSE was: £ 4,431,270,860 a change of -9.59%
12/10/2023 FTSE Closed at 7644 points. Change of 0.31%. Total value traded through LSE was: £ 4,901,572,931 a change of 12.56%
11/10/2023 FTSE Closed at 7620 points. Change of -0.1%. Total value traded through LSE was: £ 4,354,502,993 a change of -19.19%
10/10/2023 FTSE Closed at 7628 points. Change of 1.82%. Total value traded through LSE was: £ 5,388,462,932 a change of 18%
9/10/2023 FTSE Closed at 7492 points. Change of -0.03%. Total value traded through LSE was: £ 4,566,678,677 a change of -5.8%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:ECO ECO (Atlantic) O & G** **LSE:OCDO Ocado Plc** **LSE:SPX Spirax** **

********

Updated charts published on : Barrett Devs, BP PLC, ECO (Atlantic) O & G, Ocado Plc, Spirax,

LSE:BDEV Barrett Devs. Close Mid-Price: 423.9 Percentage Change: + 2.12% Day High: 424.6 Day Low: 408.6

This looks doomed to experience some reversals as below 408 indicates the ……..

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LSE:BP. BP PLC. Close Mid-Price: 555 Percentage Change: + 1.09% Day High: 558.2 Day Low: 548.6

All BP PLC needs are mid-price trades ABOVE 558.2 to improve acceleration ……..

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 9.6 Percentage Change: -6.34% Day High: 10.25 Day Low: 9.75

Continued weakness against ECO taking the price below 9.75 calculates as ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 505.8 Percentage Change: + 1.16% Day High: 514.8 Day Low: 491.7

In the event Ocado Plc experiences weakness below 491.7 it calculates wit ……..

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LSE:SPX Spirax Close Mid-Price: 8398 Percentage Change: -0.83% Day High: 8498 Day Low: 8280

In the event Spirax experiences weakness below 8280 it calculates with a ……..

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

Avacta Group and interesting price movements

#Gold #SP500  We’ve had a few emails asking for our take on Avacta and given recent share price fun and games, it’s not difficult to understand why. It’s often the case a quick glance at a chart will reveal if a share is experiencing “enhanced expectations” via the medium of internet discussion forums and for AVCT, it’s got chatroom gossip written all over it! Personally, it has proven difficult to ascertain if internet ramping/deramping is a necessary part of a shares life cycle. It’s certainly useful for brokers as anything increasing the vibrancy of share trading keeps them happy, no caring if it’s a buy or a sell as they receive commission anyway. But, to be cruel, if we pause and think about Gulf Keystone, the number of “true believers” active on the internet doubtless contributed to the massive number of folk suckered in prior to 2017, believing chatroom gossip the share price would never be as cheap again.

There’s a big rule. There is no such thing as a cheap share…

People will be trapped in Gulf Keystone above 40,000p, due to the 100:1 share split at the end of 2016. As it’s currently around 124p, patience is probably never going to be a viable strategy.

 

For Avacta, there was an immediate hope, the share price experiencing what looked like a solid upward surge when it recently exceeded 150p. This period of enthusiasm lasted until 166p, when it appears the market had second thoughts, promptly driving the share price once again below the Blue downtrend. This sort of thing is rarely a vote of confidence for the future, often quite the converse. Of course, the reversal could all be a dreadful mistake but the share now needs above Blue at 150 to tick the first box for any surprise recovery. Instead, we fear the worst.

Now below 134.5p calculates with the potential of a short trip down to 130p, a share price level where a bounce will make quite a bit of sense. In the event the 130p level breaks, our longer term secondary is arithmetically annoying, down at 109p and effectively delaying the prospect of any future share price recovery until such time the healthcare group start issuing a stream of positive news flow.

Surely, at some point one of these scientific genius will invent something to combat the phenomena of collapsed blood vessels, due to chemotherapy. One of the more unpleasant aspects, following chemo, is the need for ongoing blood tests and the fun of a nurse digging around to find a vein becomes tiresome after a while. While writing this, I’ve 4 sticking plasters on my right arm, due to blood veins playing hide and seek with my GP’s nurse today with thankfully just a single plaster on my left arm. After 11 years of treatment, any sane person would think I’d remember to wrap my arm warmly prior to visiting for a blood test as this makes finding veins easier but somehow, I always forget.

 

While we’re inclined to hope for a bounce from the 130p level, thanks to the visual impression of chatroom damage, realistically the share price now needs exceed 167p to enter a cycle where a visit to 189p is expected, along with probable hesitation due to historical price activity. Should 189p be exceeded, we can calculate the potential of a future attraction coming from 249p and a price level where we shall need look hard at the tea leaves again.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:41:39PM BRENT 8920.9 ‘cess
9:44:06PM GOLD 1919.51 1906 1895 1882 1924 1924 1928 1944 1914
9:46:24PM FTSE 7644
9:49:43PM STOX50 4157.2
9:52:48PM GERMANY 15257.7
9:54:40PM US500 4375.3 4325 4306 4280 4347 4384 4403 4434 4355
9:56:52PM DOW 34008.5 ‘cess
9:59:38PM NASDAQ 15179.1 Success
10:01:54PM JAPAN 31982

 

16/10/2023 FTSE Closed at 7630 points. Change of 0.41%. Total value traded through LSE was: £ 3,927,547,887 a change of -11.37%
13/10/2023 FTSE Closed at 7599 points. Change of -0.59%. Total value traded through LSE was: £ 4,431,270,860 a change of -9.59%
12/10/2023 FTSE Closed at 7644 points. Change of 0.31%. Total value traded through LSE was: £ 4,901,572,931 a change of 12.56%
11/10/2023 FTSE Closed at 7620 points. Change of -0.1%. Total value traded through LSE was: £ 4,354,502,993 a change of -19.19%
10/10/2023 FTSE Closed at 7628 points. Change of 1.82%. Total value traded through LSE was: £ 5,388,462,932 a change of 18%
9/10/2023 FTSE Closed at 7492 points. Change of -0.03%. Total value traded through LSE was: £ 4,566,678,677 a change of -5.8%
6/10/2023 FTSE Closed at 7494 points. Change of 0.58%. Total value traded through LSE was: £ 4,848,110,994 a change of 10.75%

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:CCL Carnival** **LSE:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:IAG British Airways** **LSE:ITV ITV** **LSE:OCDO Ocado Plc** **LSE:SPX Spirax** **

********

Updated charts published on : Carnival, ECO (Atlantic) O & G, EasyJet, British Airways, ITV, Ocado Plc, Spirax,

LSE:CCL Carnival. Close Mid-Price: 907 Percentage Change: + 0.96% Day High: 920.2 Day Low: 887

If Carnival experiences continued weakness below 887, it will invariably ……..

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 10.25 Percentage Change: -0.49% Day High: 10.38 Day Low: 10.25

If ECO (Atlantic) O & G experiences continued weakness below 10.25, it wi ……..

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LSE:EZJ EasyJet. Close Mid-Price: 391.8 Percentage Change: + 0.15% Day High: 398.6 Day Low: 383.1

If EasyJet experiences continued weakness below 383.1, it will invariably ……..

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LSE:IAG British Airways. Close Mid-Price: 145.3 Percentage Change: + 0.83% Day High: 146.05 Day Low: 142.1

This is getting dodgy as below 142 suggests a coming descent to an initial ……..

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LSE:ITV ITV. Close Mid-Price: 67.12 Percentage Change: + 3.20% Day High: 67.24 Day Low: 63.92

Continued weakness against ITV taking the price below 63.92 calculates as ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 500 Percentage Change: -5.80% Day High: 519.6 Day Low: 500.2

If Ocado Plc experiences continued weakness below 500.2, it will invariab ……..

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LSE:SPX Spirax Close Mid-Price: 8468 Percentage Change: -0.12% Day High: 8550 Day Low: 8414

Target met. Continued weakness against SPX taking the price below 8414 ca ……..

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