Trends And Targets

#FTSE #NK225 With surprising regularity, ‘Conspiracy Theories’ seem to turn into ‘so called Conspiracy Theories’ on their eventual path to being taken seriously. The current emergence of UFO silliness has morphed into the world of acceptable, just by changing the acronym. UFO’s, in becoming ‘UAP’s, are now deemed acceptable topics, even on the nightly news. The DAX opens itself up to a whole nest of conspiracy issues, thanks to a couple of circled gaps on the chart below.

Folk sometimes think “The Market is out to get me!” and at times, it feels like it’s out to get us too.

The chart below is interesting. We obviously remain bemused when encountering market manipulation gaps but this series from Germany left us wide eyed. Our analysis on the DAX from 26th February introduced some pretty large drop targets. The first one suggested the potential of a 600 point reduction to 12,152 points. Our target was achieved, just 4 sessions later but the method by which the success appeared was strange. The index was gapped down, breaking below this target level. Assuring ourselves this was just one of these things, our secondary target came to fruition a couple of weeks later, the German index again gapped down to our target level.

Happening once could easily be written off as coincidence. When this nonsense happened again within such a short timeframe, it became clear our software had been mapping the correct trend. And the manipulation gaps strongly suggested the market wanted the German index pretty firmly below our logical target levels, hence manipulation gapping the index downward. The DAX was to eventually bottom around 8,250 points in the middle of May.

Paradoxically, this forced reversal has given voice to another, usually erroneous, stock market cliché.

Every now and then, someone will advance the theory of something needing to go down before it can go up. Most folks, anxiously clutching shares where the price is trashed, face a fruitless period of years, if awaiting an inevitable price recovery. But there can be a kernel of truth in the saying. If something has crashed illogically, then is given reason for a rise, the results can prove flamboyant when the value of an overcooked drop is, essentially, paid back.

We believe this is happening with the DAX and suspect the index shall prove capable of an attempt at further all time highs.

The index is closing on what we think shall be an important trigger level. Presently trading around 15,640 points, the DAX needs exceed 15,670 to give some early warning for some reasonable movement. We can calculate 15,966 points as our initial target. If bettered, a longer term cycle toward 17,488 points calculates as possible and we suspect some market hesitation, should such an amazing number make an appearance.

For everything to start going convincingly wrong for German, the index needs break Red, roughly at 14,700 points. Such a scenario risks a tumble to the 14,000 level, perhaps even 13,100 points.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:13:43PM	BRENT	74.49								73.97	‘cess
10:15:30PM	GOLD	1779								1773
10:21:30PM	FTSE	7088.52	7049	7040	7021	7099	7099	7119	7143	7049
10:23:22PM	FRANCE	6606
10:25:24PM	GERMANY	15634
10:34:02PM	US500	4248.37									‘cess
10:36:14PM	DOW	33991.9									‘cess
10:37:58PM	NASDAQ	14284									Success
10:39:45PM	JAPAN	28846	28629	28537	28415	28815	28874	28914	29009	28776

/06/2021 FTSE Closed at 7090 points. Change of 0.4%. Total value traded through LSE was: £ 4,614,657,268 a change of -14.59%

21/06/2021 FTSE Closed at 7062 points. Change of 0.64%. Total value traded through LSE was: £ 5,402,713,223 a change of -54.05%

18/06/2021 FTSE Closed at 7017 points. Change of -1.9%. Total value traded through LSE was: £ 11,756,764,970 a change of 103.69%

17/06/2021 FTSE Closed at 7153 points. Change of -0.43%. Total value traded through LSE was: £ 5,772,023,987 a change of -2.72%

16/06/2021 FTSE Closed at 7184 points. Change of 0.17%. Total value traded through LSE was: £ 5,933,708,307 a change of 0.36%

15/06/2021 FTSE Closed at 7172 points. Change of 0.36%. Total value traded through LSE was: £ 5,912,147,960 a change of 2.11%

14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%

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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:AVCT Avacta** **LSE:CASP Caspian** **LSE:HL. Hargreaves Lansdown** **LSE:ITRK Intertek** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:STAN Standard Chartered** **LSE:TSCO Tesco** **

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Updated charts published on : Applied Graphene, Aston Martin, Avacta, Caspian, Hargreaves Lansdown, Intertek, Omega Diags, OPG Power Ventures, Standard Chartered, Tesco,

LSE:AGM Applied Graphene Close Mid-Price: 25.2 Percentage Change: -9.19% Day High: 27.75 Day Low: 25.5

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LSE:AML Aston Martin Close Mid-Price: 1903 Percentage Change: -1.63% Day High: 1922.5 Day Low: 1840

Target met. Weakness on Aston Martin below 1840 will invariably lead to 1 ……..

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LSE:AVCT Avacta Close Mid-Price: 167 Percentage Change: -8.24% Day High: 179 Day Low: 159

Target met. Continued weakness against AVCT taking the price below 159 ca ……..

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LSE:CASP Caspian. Close Mid-Price: 2.6 Percentage Change: + 8.33% Day High: 2.73 Day Low: 2.4

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 1588 Percentage Change: -2.64% Day High: 1634 Day Low: 1577

Target met. If Hargreaves Lansdown experiences continued weakness below 1 ……..

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LSE:ITRK Intertek. Close Mid-Price: 5586 Percentage Change: + 0.04% Day High: 5612 Day Low: 5562

This, surprisingly, remains moderately hopeful. Strength now exceeding 563 ……..

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LSE:ODX Omega Diags Close Mid-Price: 54 Percentage Change: -2.70% Day High: 55.5 Day Low: 49.6

Target met. If Omega Diags experiences continued weakness below 49.6, it ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 14 Percentage Change: -1.41% Day High: 14.68 Day Low: 14.12

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LSE:STAN Standard Chartered Close Mid-Price: 466.1 Percentage Change: -1.17% Day High: 473 Day Low: 463.6

This has made a dodgy movement, closing the session in a position which su ……..

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LSE:TSCO Tesco Close Mid-Price: 224.2 Percentage Change: -0.62% Day High: 226.55 Day Low: 224

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

#Gold #SP500 The last 18 months certainly have proven interesting on the markets. The Dow Jones is particularly fascinating with movements since the lows of March 2020 teaching quite a few lessons in relation to chart movements. Not least, among the lessons,  is a fairly important one. Uptrends, a trend line drawn across “lows” can be an utterly useless indicator. But of course, Lady Gaga also deserves a mention!

The chart below has 4 circled areas, highlighting when the immediate uptrend failed yet the market didn’t change direction. It’s often the case, when an uptrend breaks, it’s simply expressing a pause in a climb, rather than actually giving useful information. In-house, our favourite “tell” to spot false trend breaks comes, when the chart level exceeds the initial point of trend break.

For instance, in April last year, Wall St saw the trend break at 24,400 points. Immediately, the usual suspects were all over the media suggesting a false dawn from the Covid lows. Those same commentators were silent, when Wall St bettered 24,400 on May 18th 2020.

In June 2020, the market again caused panic, breaking below 25,800 points. Just 2 sessions later, it redeemed itself, moving above the point of trend break.

And in October/November 2020, Lady GaGa took to the stage. We’ve used two little blue boxes to highlight the puzzling movement. This, quite peculiar, series of manipulation is something we don’t get but we also dare not ignore. When a price is “Gapped Down” below a trend, then “Gapped Up”, it invariably suggests a share, commodity, or index, is about to experience some pretty solid growth. Importantly, the converse is also true, when the process is reversed and generally any ensuing price drop proves quite nasty.

For this particular type of instance, we’ve developed an acceleration theory, one which suggests the impetus imparted by the market manipulation in October 2020 should present a target level of 36,034 points eventually. We tend suspect, quite firmly, some volatility shall make itself known if the US market indeed reaches such a target level. Some folk dislike us choosing to refer to market gaps as ‘manipulation’ but when a price is moves, in complete absence of trades, it’s quite difficult to use any other term. In the case of Wall St, at some point before the market opened on October 28th last year, humans decided it was going to be worth 350 points less than the close the previous day.

Finally, we come to movements from Wall St in the last couple of days. Our underlying expectation remains for this index to attempt the 36,000 point level, therefore don’t trust the immediate trend break. To confirm our sceptical belief, the market now needs recover above 34,225 points just to exceed the level at which the trend was broken. From an immediate standpoint, it’s relatively easy to present a scenario where this can occur.

Movement next above 33,910 points calculates with the potential of an initial 34,100 points. If bettered, our secondary works out at 34,370 points and comfortably rises above the point of trend break. As the market closed Monday at 33,877 points, it’s not a lot to ask for. And of course, our 36,000 ambition can once again be taken quite seriously.

 

Should things intend go horribly wrong for Wall St, the index needs below an immediate 33,640 points to justify a raised eyebrow. Breaking such a level will tend suggest the strength from Monday was perhaps false, capable of triggering reversal to an initial 33,477 points. A modest drop like this isn’t of special alarm but, if broken, our secondary works out at 33,170 points. This level of secondary is a real problem, taking the market into the realms of “lower lows” and perfectly capable of falling into the clutches of reversal down to 32,000 points.

 

At present, we remain fairly optimistic for the Dow Jones.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:00:34PM	BRENT	74.22									Success
11:02:12PM	GOLD	1783.24	1760	1754	1743	1779	1786	1792	1803	1772
11:04:47PM	FTSE	7090.87									‘cess
11:08:46PM	FRANCE	6624.5									‘cess
11:11:18PM	GERMANY	15651									‘cess
11:14:08PM	US500	4228.42	4170	4148	4120	4200	4231	4248.5	4264	4213	‘cess
11:16:41PM	DOW	33918									Success
11:18:36PM	NASDAQ	14144									Shambles
11:21:53PM	JAPAN	28737

21/06/2021 FTSE Closed at 7062 points. Change of 0.64%. Total value traded through LSE was: £ 5,402,713,223 a change of -54.05%

18/06/2021 FTSE Closed at 7017 points. Change of -1.9%. Total value traded through LSE was: £ 11,756,764,970 a change of 103.69%

17/06/2021 FTSE Closed at 7153 points. Change of -0.43%. Total value traded through LSE was: £ 5,772,023,987 a change of -2.72%

16/06/2021 FTSE Closed at 7184 points. Change of 0.17%. Total value traded through LSE was: £ 5,933,708,307 a change of 0.36%

15/06/2021 FTSE Closed at 7172 points. Change of 0.36%. Total value traded through LSE was: £ 5,912,147,960 a change of 2.11%

14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%

11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%

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:AML Aston Martin** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:GLEN Glencore Xstra** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:MRW Morrisons** **LSE:ODX Omega Diags** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:QFI Quadrise** **LSE:RBD Reabold Resources PLC** **LSE:SBRY Sainsbury** **LSE:SRP Serco** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Aston Martin, Avacta, Barclays, Barrett Devs, Glencore Xstra, IG Group, IQE, Morrisons, Omega Diags, Oxford Instruments, Parkmead, Quadrise, Reabold Resources PLC, Sainsbury, Serco, Taylor Wimpey,

LSE:AML Aston Martin. Close Mid-Price: 1934.5 Percentage Change: + 2.44% Day High: 1951 Day Low: 1861

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LSE:AVCT Avacta Close Mid-Price: 182 Percentage Change: -14.87% Day High: 217.5 Day Low: 174

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LSE:BARC Barclays. Close Mid-Price: 172.94 Percentage Change: + 0.63% Day High: 173.2 Day Low: 167.98

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LSE:BDEV Barrett Devs. Close Mid-Price: 709.8 Percentage Change: + 0.28% Day High: 711.6 Day Low: 694.6

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LSE:GLEN Glencore Xstra. Close Mid-Price: 301.25 Percentage Change: + 1.24% Day High: 303 Day Low: 290.15

Weakness on Glencore Xstra below 290.15 will invariably lead to 271 with ……..

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LSE:IGG IG Group. Close Mid-Price: 858.5 Percentage Change: + 1.54% Day High: 859.5 Day Low: 833

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LSE:IQE IQE Close Mid-Price: 45.75 Percentage Change: -3.99% Day High: 48.8 Day Low: 45.95

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LSE:MRW Morrisons. Close Mid-Price: 240.2 Percentage Change: + 34.60% Day High: 240 Day Low: 228.1

Target met. All Morrisons needs are mid-price trades ABOVE 240 to improve ……..

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LSE:ODX Omega Diags Close Mid-Price: 55.5 Percentage Change: -5.93% Day High: 60 Day Low: 54

Target met. Weakness on Omega Diags below 54 will invariably lead to 50.5 ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2275 Percentage Change: -1.52% Day High: 2350 Day Low: 2235

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LSE:PMG Parkmead Close Mid-Price: 46 Percentage Change: -1.18% Day High: 46 Day Low: 45.5

Next above just 48p should give reasonable hope, calculating with an initi ……..

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LSE:QFI Quadrise. Close Mid-Price: 3.84 Percentage Change: + 1.59% Day High: 3.84 Day Low: 3.53

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.56 Percentage Change: -6.72% Day High: 0.6 Day Low: 0.56

This is still looking dire as weakness below .56 still suggests travel dow ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 270.1 Percentage Change: + 3.84% Day High: 274.9 Day Low: 268

Target met. In the event of Sainsbury enjoying further trades beyond 274. ……..

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LSE:SRP Serco Close Mid-Price: 131.7 Percentage Change: -0.30% Day High: 132.2 Day Low: 129.8

Continued weakness against SRP taking the price below 129.8 calculates as ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 165 Percentage Change: + 2.68% Day High: 165.3 Day Low: 158.55

Target met. If Taylor Wimpey experiences continued weakness below 158.55, ……..

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

#Brent #Dax Fathers Day proved strangely satisfying. Rather than the usual invasion from grandchildren, a positive Covid test for their mum ensured the monsters remained 60 miles away for the period of self isolation. Instead, the day was designated as a DIY occasion, working down the ToDo list on the wall of the office to catch up on a growing list of jobs for which excuses could be found to avoid. Sound familiar?

Easy jobs like a few exterior light bulbs were attractive, rather more intimidating jobs such as sorting the hinges on a gate. For some reason, my brain “can’t do hinges” and I know my wife waits in cheerful anticipation, every single time I try to sort a hinge in the garden. It always goes wrong, often due to me buying the wrong sort of hinge for the job. To elaborate, living by the sea ensures salt spray and frequent 60mph+ winds gives conventional exterior metalwork a limited lifespan.

But Sundays workload involved something I’ve wanted for years. Daughter had given me a vice as an unusual Fathers Day gift, roughly a decade ago. I’d never bolted it to anything and in honesty, it’s principal job is to hold the shed door open (a hinge issue). Fitting a vice looked simple, a matter of drilling three holes. But first, a substantial bit of wood was needed as a dedicated work top. Around 5 hours were spent, cutting wood, making brackets, cutting the wood ago due to a measurement issue, making more brackets. Finally, around the same point Louis Hamilton lost the French GP, I drilled the three holes and bolted the vice in place.

All things considered, it was a perfect Fathers Day gift, watching Formula 1 while messing around in the shed and as I was doing something useful, beyond reproach. I often wonder why my wife has never opened the new ironing board I bought her for her birthday… <joke>

 

On the subject of useful gifts, Barclays Plc continues to tease the market, their share price carefully avoiding doing anything useful. Three weeks ago, we mentioned 188p as a potential trigger level and the share has avoided it with similar sentiment I apply to hinges. Despite whatever happened to Barclays (and the markets in general) on Friday, our normal rules suggest, quite firmly, Barclays is readying itself to gift traders some reasonable movement. It just needs to actually start going up!

The share price is presently fumbling around the 180p level and, as we’d anticipated, showing some hesitation as this markets the price level, prior to the Covid-19 drop. When we review other markets, both in Europe, Asia, and the USA, this hesitation has been standard behaviour until such a point when a share (or index) brakes free, painting Higher Highs.

With Barclays, it appears about as certain as we can be now above 189p – a slight change in trigger level – shall gift movement up to an initial 223p initially with secondary, if exceeded, calculating at a future 238p.

 

When Barclays decided to spend Friday, kicking open the gate into visual chaos, we’re not entirely convinced weakness will hang around. From a software perspective, there is a threat of weakness below 171p bringing travel down to an initial 161 with secondary 151 and hopefully a bottom. We’re not sold on this concept, due to the price already being at the pre-pandemic level and secondly, because of the inset on the chart. The market, for whatever reason, inhibited Barclays rise earlier this year and conventionally, this sort of thing can prove a free gift in the future as price movements tend be sharp and vivid. It’s “just” a matter of time.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
8:58:54PM	BRENT	72.71	71.65	71.49	70.91	72.61	73.05	73.325	73.93	72.04
9:01:24PM	GOLD	1764.97									Shambles
9:04:32PM	FTSE	7014.32									Success
9:06:46PM	FRANCE	6567									Success
9:09:14PM	GERMANY	15406	15400	15351	15207	15494	15565	15617	15689	15456	Success
9:12:08PM	US500	4161.72									Success
9:15:45PM	DOW	33273.7									Success
9:18:52PM	NASDAQ	14041									Shambles
9:22:09PM	JAPAN	28461

18/06/2021 FTSE Closed at 7017 points. Change of -1.9%. Total value traded through LSE was: £ 11,756,764,970 a change of 103.69%

17/06/2021 FTSE Closed at 7153 points. Change of -0.43%. Total value traded through LSE was: £ 5,772,023,987 a change of -2.72%

16/06/2021 FTSE Closed at 7184 points. Change of 0.17%. Total value traded through LSE was: £ 5,933,708,307 a change of 0.36%

15/06/2021 FTSE Closed at 7172 points. Change of 0.36%. Total value traded through LSE was: £ 5,912,147,960 a change of 2.11%

14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%

11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%

10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%

 

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

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

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

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

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

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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BDEV Barrett Devs** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **LSE:ODX Omega Diags** **LSE:QFI Quadrise** **LSE:SRP Serco** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Avacta, Barrett Devs, Centrica, Capita, Diageo, MAN, Experian, Fresnillo, Glencore Xstra, IQE, Lloyds Grp., Omega Diags, Quadrise, Serco, Taylor Wimpey,

LSE:AVCT Avacta Close Mid-Price: 213.8 Percentage Change: -4.98% Day High: 233.5 Day Low: 217.5

Now looking a bit worrying, weakness continuing below 211 now looks capabl ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 707.8 Percentage Change: -2.35% Day High: 730.2 Day Low: 701.6

Weakness on Barrett Devs below 701.6 will invariably lead to 689 with sec ……..

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LSE:CNA Centrica Close Mid-Price: 51.12 Percentage Change: -0.89% Day High: 51.76 Day Low: 50.8

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LSE:CPI Capita Close Mid-Price: 37.64 Percentage Change: -0.61% Day High: 38.44 Day Low: 36.63

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LSE:DGE Diageo Close Mid-Price: 3459.5 Percentage Change: -0.83% Day High: 3518 Day Low: 3452

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LSE:EMG MAN Close Mid-Price: 186.1 Percentage Change: -2.16% Day High: 192.3 Day Low: 186.4

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LSE:EXPN Experian Close Mid-Price: 2757 Percentage Change: -1.01% Day High: 2814 Day Low: 2759

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LSE:FRES Fresnillo. Close Mid-Price: 823.4 Percentage Change: + 2.26% Day High: 835 Day Low: 812

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LSE:GLEN Glencore Xstra Close Mid-Price: 297.55 Percentage Change: -2.63% Day High: 307.3 Day Low: 294.8

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LSE:IQE IQE Close Mid-Price: 47.65 Percentage Change: -6.39% Day High: 51.5 Day Low: 47.4

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LSE:LLOY Lloyds Grp. Close Mid-Price: 46.43 Percentage Change: -3.17% Day High: 48 Day Low: 46.17

Target met. Continued weakness against LLOY taking the price below 46.17 ……..

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LSE:ODX Omega Diags Close Mid-Price: 59 Percentage Change: -2.48% Day High: 60.5 Day Low: 56.5

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LSE:QFI Quadrise Close Mid-Price: 3.78 Percentage Change: -7.80% Day High: 3.99 Day Low: 3.68

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LSE:SRP Serco Close Mid-Price: 132.1 Percentage Change: -2.15% Day High: 135.4 Day Low: 132

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LSE:TW. Taylor Wimpey Close Mid-Price: 160.7 Percentage Change: -3.66% Day High: 168.25 Day Low: 161.75

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

#FTSE & #BrentCrude We’re worried about Brent Crude! Not because it may go up or down but because of our historical reputation with the stuff. Our track record of getting it right, when it comes to Big Picture movements for crude oil is causing immediate concern. The price of Brent now flapping around in a zone where it risks triggering a pretty major price cycle and if it does so, it shall also trigger daily nerves at our end.

The first “issue” comes from the immediate price. The commodity is trading above the pre-pandemic level of 60 dollars. This provides the first trip into the realm of confidence.

The second “issue” is provided by the Blue line on the chart. This very obvious downtrend has now been exceeded, another reason for hope for the future.

The third “issue” is the previous high of 70 dollars, a price level which confirmed the Blue downtrend. As this has now been bettered, Brent Crude is now living in the land of Higher Highs, conventionally the place where optimism resides.

And finally, there’s our immediate target level just above the 75 dollar mark. This was calculated using price movements from this year, hardly a big picture thing. Should Brent Crude now exceed 75.50, the price enters the realm of Big Picture calculations. As a result, we shall be forced to promote the concept of further price miracles in the direction of 93 dollars initially with secondary, if exceeded, working out at 100 dollars.

If it all intends go wrong for Brent, the price needs drip below 68 dollars as this risks triggering an initial $60 with secondary, if broken, at $54. At present, the oil price is twitching around, just below our 75 dollar level, displaying the hesitation we refer to as “stutters” prior to a future demonstration of direction.

FTSE for FRIDAY Usually, the market sidles toward the weekend, giving a bit of a clue as to market direction in the near term. For Friday, we can agree on one thing; we’re utterly clueless as to market intentions! On Thursday, the index dropped (a bit), successfully hitting our initial target, even breaking it for a few minutes. But as all the days action took place in the opening second of trade, it was all very artificial, leaving nothing in its wake except confusion.  From our perspective, Thursday was an utter waste of time, especially as the market itself didn’t feel like it knew what to do with itself.

The conclusion drawn from the exercise suggests the FTSE actually now needs below 7125 before any reversal dare be taken seriously. Such a movement feels like it could now trigger reversal to an initial 7095 points with secondary, if broken, calculating at 7057 points.

However, we still maintain the hope the FTSE shall join other major index’ by trading above its pre-pandemic high of 7550. This results in the (perhaps naive) hope the index enjoys underlying force driving it upward. If this indeed is the case, above 7175 points suggests the potential of near term movement to an initial 7201 points. If bettered, our secondary works out at 7265 points.

It may also be worth remembering the lesson from Thursday. If all the action occurs in the first second of trade, why not go do something else as the day is liable to be another waste of time. There’s always some grass needing cut…

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:02:56PM	BRENT	72.53	71.96	71.4		72.9	72.9	73.335		72.43	‘cess
11:05:46PM	GOLD	1775.86	1767	1760		1792	1792	1803		1772	Success
11:07:43PM	FTSE	7162	7126	7098		7170	7172	7187.5		7137	Shambles
11:22:30PM	FRANCE	6670	6639	6627.5		6670	6671	6681		6659	‘cess
11:25:01PM	GERMANY	15746	15630	15600		15737	15756	15811.5		15678
11:27:20PM	US500	4225.87	4216	4206		4233	4237	4249		4210	‘cess
11:30:09PM	DOW	33836	33748	33644		33898	34084	34117.5		33856	Success
11:32:21PM	NASDAQ	14193	13870	13729.5		13952	14208	14242		14102
11:33:52PM	JAPAN	29197	28850	No idea			29204	29363		29060	Success

17/06/2021 FTSE Closed at 7153 points. Change of -0.43%. Total value traded through LSE was: £ 5,772,023,987 a change of -2.72%

16/06/2021 FTSE Closed at 7184 points. Change of 0.17%. Total value traded through LSE was: £ 5,933,708,307 a change of 0.36%

15/06/2021 FTSE Closed at 7172 points. Change of 0.36%. Total value traded through LSE was: £ 5,912,147,960 a change of 2.11%

14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%

11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%

10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

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:BT.A British Telecom** **LSE:CAR Carclo** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:IQE IQE** **LSE:MRW Morrisons** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:RR. Rolls Royce** **

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Updated charts published on : Barrett Devs, British Telecom, Carclo, MAN, Experian, IQE, Morrisons, Omega Diags, OPG Power Ventures, Rolls Royce,

LSE:BDEV Barrett Devs Close Mid-Price: 724.8 Percentage Change: -1.23% Day High: 733.4 Day Low: 715.8

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LSE:BT.A British Telecom. Close Mid-Price: 205.6 Percentage Change: + 2.70% Day High: 206.5 Day Low: 198.4

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LSE:CAR Carclo Close Mid-Price: 51.9 Percentage Change: -3.89% Day High: 53 Day Low: 50

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LSE:EMG MAN. Close Mid-Price: 190.2 Percentage Change: + 0.00% Day High: 191.95 Day Low: 188.8

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LSE:EXPN Experian. Close Mid-Price: 2785 Percentage Change: + 0.54% Day High: 2782 Day Low: 2717

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LSE:IQE IQE. Close Mid-Price: 50.9 Percentage Change: + 2.62% Day High: 51 Day Low: 48.25

This has spent a month, failing to go down, failing to go up. It shall be ……..

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LSE:MRW Morrisons. Close Mid-Price: 181.7 Percentage Change: + 2.89% Day High: 182.7 Day Low: 179.3

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LSE:ODX Omega Diags Close Mid-Price: 60.5 Percentage Change: -0.82% Day High: 65 Day Low: 57.75

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LSE:OPG OPG Power Ventures. Close Mid-Price: 14.75 Percentage Change: + 0.00% Day High: 14.75 Day Low: 14.25

Target met. If OPG Power Ventures experiences continued weakness below 14 ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 111.92 Percentage Change: + 1.75% Day High: 113.42 Day Low: 109.12

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

#Dax #Nikkei This, essentially, is a tale of two transport companies. Both operate internationally, the French company flourishing, the British one rather less well. Obviously, the key ingredient is what they transport, Bollore moving “stuff” in trucks, Jet2 stuffing people onto jets. At least, that’s what Jet2 would love to do, aside from the small matter of a pandemic utterly trashing their business. The original pandemic price drop, when the company were known as Dart Group, saw the share plunge from 19 quid down to below £2. Changing their name last year to Jet2 certainly appears to have improved their fortunes, despite passenger numbers  being dreadful

Presently trading around 1225p, it has been a real surprise witnessing the share climb from the pandemic low of 184p, despite air travel remaining a fraught ambition thanks to the UK Govt appearing to apply arbitrary rules against destinations. Even if inclined to fly somewhere, as Portugal recently proved, there’s a real risk of a holiday being interrupted, thanks to a change in status for a destination. The threat of being forced to quarantine for 10 days on return, forced holidaymakers to grab flights to the UK in panic before the new rules were applied.

It certainly begs the question; if a country has become dodgy, facing a change to its status, why bother giving 5 days notice? The Covid-19 germ must be one of the most intelligent virus’ ever, knowing it’s not to travel to the UK during the warning period before travel stops.

We find it interesting the bounce from pandemic bottom has been so energetic. We’d calculated the potential of movement to 1411p, the price achieving this target pretty effortlessly and better still, exceeding the level through 6 price movement cycles, the most recent upward pulse hitting 1571p. While encouraging, movement in the last few weeks is proving a concern, the immediate situation suggesting weakness continuing below 1215 risks an attempt at 1093p.

Descending to such a level risks provoking a bigger picture problem as below 1093p threatens a further change down to a bottom, hopefully, at 949p.

Visually, some slight hope is available, should the share somehow find impetus to lift itself above Red on the chart, currently around 1400p. Such a miracle calculates with a cycle commencing toward 1848p, pretty close to (but not exceeding) their pre-pandemic high. Only when shares start trading above this level shall we become truly enthusiastic, rather than cautious.

Bollore (EU:BOL) Regarded as one of the worlds 500 largest companies, Bollore are a French transport company, founded in 1822. We’ll admit, we’d never heard of them until we studied price movements in Europe in the hope of finding a decent “pick” where the upward potentials reflect what’s happening with the French stock market. As it has exceeded its levels pre-Covid, we’re automatically hopeful for its future.

Before the Covid-19 drop last year, Bollore achieved 3.9 Euro and now, is trading higher at 4.42. The share price has exhibited a reliable climb from being laid low by the virus and importantly, the market opted to gap it upward (circled) in February, clearly intending a visit to happier climes.

The current scenario suggests above 4.6 Euro should head to an initial 4.95, along with some probable hesitation. But we expect 4.95 shall be exceeded, giving a longer term potential of 5.64, along with a need to revisit our numbers for the future. If everything intends go wrong, the share will require trading below 4.03 to inspire panic, along with a real threat of traffic down to 3.4 and hopefully a bounce.

As ever, our thanks to those folk who find adverts on this page worth a visit.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:49:04PM	BRENT	73.43
10:52:02PM	GOLD	1812.03									Success
10:54:14PM	FTSE	7166
10:56:11PM	FRANCE	6647									Shambles
10:59:24PM	GERMANY	15671	15659	15627.5	15572	15758	15767	15807.5	15857	15659	Success
11:01:25PM	US500	4212.27									Success
11:03:53PM	DOW	33965									Success
11:13:30PM	NASDAQ	13937									Success
11:15:35PM	JAPAN	29240	29140	29110	28990	29330	29412	29429	29525	29234	Success

16/06/2021 FTSE Closed at 7184 points. Change of 0.17%. Total value traded through LSE was: £ 5,933,708,307 a change of 0.36%

15/06/2021 FTSE Closed at 7172 points. Change of 0.36%. Total value traded through LSE was: £ 5,912,147,960 a change of 2.11%

14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%

11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%

10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%

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.

 

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:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:OXIG Oxford Instruments** **LSE:QFI Quadrise** **LSE:SPX Spirax** **LSE:TLW Tullow** **

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Updated charts published on : BP PLC, British Telecom, Centrica, Capita, Diageo, MAN, Experian, Gulf Keystone, Hikma, British Airways, Oxford Instruments, Quadrise, Spirax, Tullow,

LSE:BP. BP PLC Close Mid-Price: 328.95 Percentage Change: -1.13% Day High: 336.95 Day Low: 328.4

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LSE:BT.A British Telecom. Close Mid-Price: 200.2 Percentage Change: + 1.44% Day High: 203.1 Day Low: 197.1

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LSE:CNA Centrica Close Mid-Price: 52.16 Percentage Change: -0.15% Day High: 52.44 Day Low: 51.66

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LSE:CPI Capita Close Mid-Price: 38.55 Percentage Change: -1.26% Day High: 39.5 Day Low: 37.83

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LSE:DGE Diageo. Close Mid-Price: 3486.5 Percentage Change: + 0.23% Day High: 3509 Day Low: 3478.5

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LSE:EMG MAN. Close Mid-Price: 190.2 Percentage Change: + 0.77% Day High: 190.85 Day Low: 186.95

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LSE:EXPN Experian. Close Mid-Price: 2770 Percentage Change: + 0.91% Day High: 2775 Day Low: 2750

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LSE:GKP Gulf Keystone. Close Mid-Price: 201 Percentage Change: + 1.21% Day High: 202.5 Day Low: 197.4

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LSE:HIK Hikma. Close Mid-Price: 2512 Percentage Change: + 1.05% Day High: 2533 Day Low: 2479

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LSE:IAG British Airways. Close Mid-Price: 196.64 Percentage Change: + 0.92% Day High: 198.06 Day Low: 193.64

This now needs exceed 226 to confirm “proper” upward travel, allowing an i ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2265 Percentage Change: + 0.89% Day High: 2290 Day Low: 2215

Target met. Continued trades against OXIG with a mid-price ABOVE 2290 sho ……..

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LSE:QFI Quadrise Close Mid-Price: 3.94 Percentage Change: -8.37% Day High: 4.3 Day Low: 3.89

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LSE:SPX Spirax. Close Mid-Price: 13595 Percentage Change: + 0.93% Day High: 13655 Day Low: 13455

ABOVE 13585 should improve the share value to firstly 14070 with secondary ……..

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LSE:TLW Tullow. Close Mid-Price: 64.94 Percentage Change: + 0.90% Day High: 66.18 Day Low: 63.56

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

#FTSE #Nasdaq Given #WestminsterGroup core function, the company are probably drooling at the prospect of Northern Ireland being separated from the UK. The current ludicrous situation, pet dogs (and all livestock) needing a passport to board the ferry, along with increasingly draconian regulations on trade (within the UK, it must be remembered!) must be weakening any argument for the province to remain as part of the UK. Of course, this sort of thing is Westminster Groups specialist subject, literally a global player in strategic security for many countries.

The company website certainly “talks a good game”, making us puzzle how a share which once traded up at 95p is now floundering down at the 5.58p level. While some research is probably merited, from our perspective we’re more than a little bit curious as to the relatively near future, thanks to the price enacting a Gap Down at the tail of 2020, followed by a Gap Up this week. Traditionally, when we see this sort of thing, it’s generally safe to anticipate a price getting ready to experience some irrational recovery.

It’s easy to believe market thinking was something along the lines of;

November 2020; “Westminster blotted their copybook. Punishment by forced the share price down”

June 2021; “Oops, looks like we overcooked the punishment. Best force the share price up to cover the error”

 

Despite 15th June presenting the market with a 41% gain at the end of the day, thanks to a large airport contract from The Congo in Africa, we’re not convinced the party has actually started! As the chart highlights, there is a very obvious downtrend which started nearly two years ago. Price movements on the 15th May certainly came close to the trend but even the high of the day at 5.78p failed to convince us happy days are ahead. In fact, we’ve a suspicion the share price shall require “gapped up” again. if the market is really serious about getting things moving.

 

The numbers are pretty complex against this, thanks to the gap (manipulation) movements throwing a spanner in our works. Immediately, there’s a demand price movement above 5.95 must almost certainly bring the share to an initial 6.65p. From our software perspective, we expect some hesitation at such a level unless the price is forced upward by a gap. Only above 7.3p dare we believe things shall become truly interesting, this being the trigger level which calculates with an initial 8.8p with secondary, if bettered, a longer term 11.25p.

In keeping with the Irish theme, if ever a share needed a 4 Leaf Clover for luck, Westminster are certainly in pole position. Their share price needs tumble below 4.95p to ring the first alarm bell, warning things may not be going as planned.

Our inclination is of hope for the future of Westminster Group.

 

As always, huge thanks to anyone who finds the adverts on this page worth visiting. We like our daily coffee!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:11:35PM	BRENT	73.85									‘cess
11:14:32PM	GOLD	1859.47									‘cess
11:16:59PM	FTSE	7183	7154	7144	7128	7184	7191	7216	7249	7153
11:20:18PM	FRANCE	6647									Success
11:22:11PM	GERMANY	15743
11:23:35PM	US500	4248									‘cess
11:26:22PM	DOW	34312
11:28:14PM	NASDAQ	14050	14010	13970	13907	14080	14159	14229	14273	13970
11:30:44PM	JAPAN	29332									Success

15/06/2021 FTSE Closed at 7172 points. Change of 0.36%. Total value traded through LSE was: £ 5,912,147,960 a change of 2.11%

14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%

11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%

10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%

7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BT.A British Telecom** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:HUR Hurrican Energy** **LSE:IPF International Personal Finance** **LSE:OXIG Oxford Instruments** **LSE:PPC President Energy** **LSE:SPX Spirax** **LSE:VOD Vodafone** **

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Updated charts published on : British Telecom, Diageo, Experian, Hurrican Energy, International Personal Finance, Oxford Instruments, President Energy, Spirax, Vodafone,

LSE:BT.A British Telecom. Close Mid-Price: 197.35 Percentage Change: + 2.87% Day High: 199.35 Day Low: 190.9

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LSE:DGE Diageo. Close Mid-Price: 3478.5 Percentage Change: + 1.28% Day High: 3484 Day Low: 3449.5

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LSE:EXPN Experian. Close Mid-Price: 2745 Percentage Change: + 1.48% Day High: 2754 Day Low: 2718

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LSE:HUR Hurrican Energy Close Mid-Price: 1.2 Percentage Change: -3.92% Day High: 1.35 Day Low: 1.15

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LSE:IPF International Personal Finance. Close Mid-Price: 143 Percentage Change: + 12.60% Day High: 147.2 Day Low: 136

Target met. In the event of International Personal Finance enjoying furth ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2245 Percentage Change: + 3.46% Day High: 2245 Day Low: 2180

Further movement against Oxford Instruments ABOVE 2245 should improve acc ……..

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LSE:PPC President Energy Close Mid-Price: 2.12 Percentage Change: -4.49% Day High: 2.25 Day Low: 2.12

A month has passed and it’s still the case President Energy needs mid-pric ……..

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LSE:SPX Spirax. Close Mid-Price: 13470 Percentage Change: + 2.08% Day High: 13585 Day Low: 13215

Target met. Continued trades against SPX with a mid-price ABOVE 13585 sho ……..

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LSE:VOD Vodafone. Close Mid-Price: 132 Percentage Change: + 1.54% Day High: 132.3 Day Low: 130.22

Apparently movement continuing beyond 132.3 should bring another rise to 1 ……..

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

#Gold #WallSt Mode Global appear to be a company in the right place at the right time. Formed just a few years ago, their stated aim is to ‘become a financial services business delivering the products of tomorrow, today’. Their website is alive with current buzzwords and even the classic ‘fintech’ is now presented with a capital ‘F’, obviously continuing attempts to make Fintech a real word. In fairness, it should be as one of the earlier components of the Fintech field, PayPal, continue to perform quite nicely.

Our eyebrows were raised, reading Mode Global are already in partnership with Tencent and Alibaba, both quite big deals.

Fintech, very basically, can be thought of as ongoing (successful) attempts to replace credit card companies as the method for online purchases. In this arena, Paypal can obviously take a bow, but the potentials continue to be discovered. Today, watching someone pay at a checkout by using their smartphone, was just another application where financial technology is increasingly used. No credit cards nor debit cards were harmed in the process, a single act which must be truly frightening to the entrenched players in the field of retail shopping. It’s easy to suspect some of the major banks must be nervously looking over their shoulder, when new startups appear, their size able to make the transition from “good idea” to “lets try it”, faster than traditional bank customers can type their code into an ATM.

We’ve run the numbers against Mode, the immediate share price prospects looking fairly useful. From our perspective, we can allocate 56.5p as a potential trigger level. In the event this level is exceeded, gains toward an initial 62p look possible with our longer term secondary (or later that day, if good news is involved) calculating at a very possible 70p. Visually, the share needs trade above 83.5p to enter ‘illogical’ territory where we can no longer work out upward numbers. In reality, we suspect we shall need revisit the company, should the 70p level be exceeded.

Condor Gold We’ve received a few emails asking us to look at Condor. Their share price is presently trading around 46.5p and appears to be adhering pretty firmly to the Blue downtrend on the chart, regardless of what’s actually happening to the price of Gold. Invariably, this behaviour tends result in a situation where movement, if triggered, tends be faster that the panic rush to change channel, if anything to do with the Scottish football team comes on TV. This, perhaps unfairly, isn’t just our own household. An acquaintance used to boast he’d never attended a Scotland football match, despite travelling the world with the team in his official capacity with the Football Association. It was certainly worth checking with him, when travelling abroad, as he could recommend fabulous restaurants everywhere!

It begs the question, does his behaviour contribute to the often dire performance of the national team?

 

On the chart below, we’ve painted a little circle around a share price movement recently. This surge to 52.5p, quickly reversed below the trend, gives what should be a reliable starting point as movement above this level works out with an initial ambition of 61p. If exceeded, our secondary calculates at 75p and visually, both target levels make quite a lot of sense.

Perhaps Condor shall prove worth watching. We’d panic, if it managed below 35p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:09:13PM	BRENT	72.84									‘cess
10:10:55PM	GOLD	1866.44	1862	1859.25	1833	1877	1869	1877	1888	1859	Success
10:13:13PM	FTSE	7160.2									‘cess
10:14:58PM	FRANCE	6627									‘cess
10:17:27PM	GERMANY	15720									Success
10:19:24PM	US500	4255
10:22:07PM	DOW	34382	34204	34174.5	33952	34403	34456	34504.5	34604	34305	‘cess
10:33:07PM	NASDAQ	14119
10:40:23PM	JAPAN	29252									Success

 

14/06/2021 FTSE Closed at 7146 points. Change of 0.17%. Total value traded through LSE was: £ 5,789,732,909 a change of 12.95%

11/06/2021 FTSE Closed at 7134 points. Change of 0.65%. Total value traded through LSE was: £ 5,126,105,822 a change of 3.18%

10/06/2021 FTSE Closed at 7088 points. Change of 0.1%. Total value traded through LSE was: £ 4,968,352,767 a change of 1.13%

9/06/2021 FTSE Closed at 7081 points. Change of -0.2%. Total value traded through LSE was: £ 4,913,059,029 a change of 3.4%

8/06/2021 FTSE Closed at 7095 points. Change of 0.25%. Total value traded through LSE was: £ 4,751,728,118 a change of 8.88%

7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%

4/06/2021 FTSE Closed at 7069 points. Change of 0.07%. Total value traded through LSE was: £ 4,074,732,159 a change of -14.11%

 

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:BP. BP PLC** **LSE:EMG MAN** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:ITV ITV** **LSE:POG Petrop etc** **LSE:SPX Spirax** **LSE:TLW Tullow** **

********

Updated charts published on : BP PLC, MAN, Foxtons, Gulf Keystone, ITV, Petrop etc, Spirax, Tullow,

LSE:BP. BP PLC. Close Mid-Price: 330.4 Percentage Change: + 1.88% Day High: 334.3 Day Low: 324.9

Further movement against BP PLC ABOVE 334.3 should improve acceleration t ……..

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LSE:EMG MAN. Close Mid-Price: 187.35 Percentage Change: + 1.35% Day High: 188.4 Day Low: 185.95

Target met. Continued trades against EMG with a mid-price ABOVE 188.4 sho ……..

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LSE:FOXT Foxtons. Close Mid-Price: 56 Percentage Change: + 0.00% Day High: 57.2 Day Low: 55.6

Continued weakness against FOXT taking the price below 55.6 calculates as ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 196.4 Percentage Change: + 3.70% Day High: 199.2 Day Low: 191.2

This is looking slightly positive! Continuing above 200p looks pretty comf ……..

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LSE:ITV ITV. Close Mid-Price: 131.25 Percentage Change: + 0.96% Day High: 134.15 Day Low: 130.3

Further movement against ITV ABOVE 134.15 should improve acceleration tow ……..

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LSE:POG Petrop etc. Close Mid-Price: 26.24 Percentage Change: + 3.39% Day High: 26.38 Day Low: 25.02

It is still the case of weakness below 23 suggesting further relaxation to ……..

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LSE:SPX Spirax Close Mid-Price: 13195 Percentage Change: -0.04% Day High: 13325 Day Low: 13140

In the event of Spirax enjoying further trades beyond 13325, the share sh ……..

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LSE:TLW Tullow. Close Mid-Price: 64.84 Percentage Change: + 8.65% Day High: 65.78 Day Low: 59.92

Target met. Further movement against Tullow ABOVE 65.78 should improve ac ……..

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