Petrofac & a glance at the Euro Stoxx 50

#FTSE #WallSt For us, increasingly it appears everything revolves around price levels before the Covid-19 drop last year. If a price has recovered above this level, we tend toward enthusiasm, due to a price moving from ‘recovery’ into ‘growth’. For instance, with the #Stoxx50, the index level was roughly 3,900 before the pandemic hit the fan and now, it’s trading around 4,085 points. In this instance, we’re happy and able to speculate on a surprising future for the European index.

The immediate future is pretty amazing, needing above just 4,102 points to confirm a cycle toward an initial 4,178 points. If exceeded, our longer term secondary calculates at 4,405 points. We’ve quite a strong cluster of arguments pointing at the 4,400 level as a viable ambition. Not least is the impression from the chart below as, in addition to arithmetic, there’s a strong visual indication some hesitation can be anticipated, should the index make it up the mountain to challenge a high not seen since 2007.

If exceeded, there’s an even longer term influence from 4,817 points, allegedly painting the potential of a new all time high. For it all to go pear shaped, the European index needs reverse below Blue on the chart, presently around 3,800 points.

Hey, chart goes here

Petrofac, and as mentioned above, we ration our enthusiasm until such point a price is trading above its pre-pandemic level. In the case of Petrofac, describing themselves as; “Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.”, their share price prior to the Covid-19 drop was 373p. At time of writing, the company is trading around 139p, substantially below the level achieved on the initial pandemic drop. We’re actually fairly impressed the share price has carefully avoided closing below 90p as there were many reasons to hope for a rebound at such a level.

Currently, with oil prices rising and lockdown easing, surely increased activity in the oil sector shall rub off on Petrofac. If we’re strict, we can establish 145p as a potential trigger level, exceeding this should propel the share price to a stunning 150p. Okay, perhaps not very impressive but in the event 150p is bettered, Bigger Picture forces should start influencing the share price properly, provoking recovery toward an initial 182p. The Big Picture is slightly vague as to our secondary price growth target, if this level is successfully challenged. The share price could either head toward a longer term 255p or, more probably, an attempt at pre-pandemic levels which works out at 375p.

Petrofac needs reverse below 90p to cause utter panic for the company share price future. For now, we suspect it shall prove worth watching.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:41:18PM BRENT 71.21
10:48:04PM GOLD 1908.52 Shambles
10:51:15PM FTSE 7104.56 7069 7050 7026 7112 7122 7133.5 7155 7082 Success
10:53:12PM FRANCE 6516.2 ‘cess
10:55:12PM GERMANY 15594.94
10:58:32PM US500 4208.92
11:04:16PM DOW 34615 34495 34391 34238 34595 34712 34771 34863 34576
11:06:17PM NASDAQ 13685 ‘cess
11:09:11PM JAPAN 28862 Success
2/06/2021 FTSE Closed at 7108 points. Change of 0.4%. Total value traded through LSE was: £ 5,048,977,038 a change of -2.93%
1/06/2021 FTSE Closed at 7080 points. Change of 0.83%. Total value traded through LSE was: £ 5,201,214,939 a change of -13.74%
28/05/2021 FTSE Closed at 7022 points. Change of 0.04%. Total value traded through LSE was: £ 6,029,889,894 a change of -45.96%
27/05/2021 FTSE Closed at 7019 points. Change of -0.1%. Total value traded through LSE was: £ 11,159,138,786 a change of 114.44%
26/05/2021 FTSE Closed at 7026 points. Change of -0.04%. Total value traded through LSE was: £ 5,203,804,555 a change of -0.88%
25/05/2021 FTSE Closed at 7029 points. Change of -0.31%. Total value traded through LSE was: £ 5,249,852,674 a change of 45.96%
24/05/2021 FTSE Closed at 7051 points. Change of -100%. Total value traded through LSE was: £ 3,596,890,836 a change of 0%

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:CCL Carnival** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:IHG Intercontinental Hotels Group** **LSE:NG. National Glug** **LSE:OXIG Oxford Instruments** **LSE:QFI Quadrise** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:SPX Spirax** **

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Updated charts published on : Applied Graphene, Carnival, Capita, Diageo, MAN, Intercontinental Hotels Group, National Glug, Oxford Instruments, Quadrise, Rolls Royce, Scancell, Spirax,

LSE:AGM Applied Graphene Close Mid-Price: 29.75 Percentage Change: -0.50% Day High: 30 Day Low: 28.5

Weakness on Applied Graphene below 28.5 will invariably lead to 17 with s ……..

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LSE:CCL Carnival. Close Mid-Price: 1845.2 Percentage Change: + 1.43% Day High: 1849.8 Day Low: 1790.2

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LSE:CPI Capita Close Mid-Price: 39.24 Percentage Change: -3.04% Day High: 40.82 Day Low: 39.09

Weakness on Capita below 39.09 will invariably lead to 31p and possible b ……..

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LSE:DGE Diageo. Close Mid-Price: 3419.5 Percentage Change: + 0.37% Day High: 3451 Day Low: 3403.5

Target met. All Diageo needs are mid-price trades ABOVE 3451 to improve a ……..

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LSE:EMG MAN. Close Mid-Price: 177.85 Percentage Change: + 0.11% Day High: 180 Day Low: 176.55

Continued trades against EMG with a mid-price ABOVE 180 should improve th ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 5046 Percentage Change: -0.04% Day High: 5096 Day Low: 4996

Further movement against Intercontinental Hotels Group ABOVE 5096 should ……..

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LSE:NG. National Glug. Close Mid-Price: 960.6 Percentage Change: + 1.11% Day High: 965.6 Day Low: 948.5

Target met. In the event of National Glug enjoying further trades beyond ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2170 Percentage Change: + 2.84% Day High: 2210 Day Low: 2065

All Oxford Instruments needs are mid-price trades ABOVE 2210 to improve a ……..

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LSE:QFI Quadrise Close Mid-Price: 4.21 Percentage Change: -10.15% Day High: 4.5 Day Low: 4.21

If Quadrise experiences continued weakness below 4.21, it will invariably ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 112.3 Percentage Change: + 3.08% Day High: 112.6 Day Low: 108.96

In the event of Rolls Royce enjoying further trades beyond 112.6, the sha ……..

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LSE:SCLP Scancell Close Mid-Price: 19.25 Percentage Change: -2.78% Day High: 19.75 Day Low: 19.25

Continued weakness against SCLP taking the price below 19.25 calculates a ……..

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LSE:SPX Spirax. Close Mid-Price: 12785 Percentage Change: + 0.47% Day High: 12900 Day Low: 12725

Further movement against Spirax ABOVE 12900 should improve acceleration t ……..

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

Eurasia Mining, gulp!

#Gold #SP500 Sometimes, a throw away comment can prove a little distressing. We last reviewed Eurasia Mining six months ago (link), being pretty positive for its long term future. As is our habit, we completed the roundup with a single sentence; “To finish on an easy note, the price needs fall below 26p to now cause utter panic.” Needless to say, in January of this year, the share price decided to explore what could happen if it dropped below 26p.

It hit a bottom at 14p and bounced, fairly unconvincingly, creating the sort of drama we dislike.

The immediate situation for this miner, operating in the back of beyond in Russia, is a little scary. Presently trading around 24p, the price only needs drill below 23.5p to enter a cycle where reversal to 19.5p calculates as very possible. We’d hope for a rebound at such a level, if only due to the presence of the immediate Red uptrend since the start of 2020. However, we rather suspect the share price shall attempt 14.7p in an attempt to scare investors silly and shake loose some shares. Given this level is marginally above the prior low, substantial hope exists for proper price recovery, should this level make an appearance.

Importantly, and perhaps crucially, we calculate “Ultimate Bottom” on this at 12p. This represents the level below which we can no longer calculate numbers. In most situations, should one of our ultimate bottoms break, a share price remains trapped in a twighlight zone, everyone telling each other a miracle shall surely happen.

 

This time, we’ll finish on a better note, thanks to the pretty contrived price movements visible against this share price. The entire scenario for reversal is perhaps just too obvious, making us suspect the converse may be just around the corner.

Any excuse to trade above 30p should be interesting, apparently capable of triggering recovery to an initial 41p. Visually, such an ambition makes a lot of sense. Our longer term secondary calculates at 54p, an aspiration which is truly amazing as it would take the share to price levels not seen for over 20 years. Needless to say, while we believe in our 41p calculation, we’ve considerable doubts about our workings which produced the 54p figure.

Hey, chart goes here

Many thanks to the folk who discovered something interesting in adverts on this page on Tuesday.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:56:21PM BRENT 70.57 Success
9:58:44PM GOLD 1900.01 1897 1892 1884 1904 1916 1922 1932 1903 Success
10:01:32PM FTSE 7076.73 Success
10:04:00PM FRANCE 6491.8 Success
10:06:18PM GERMANY 15573 Success
10:18:36PM US500 4200.67 4197 4184 4168 4212 4232 4259 4334 4196 Success
10:22:33PM DOW 34569 Success
10:25:12PM NASDAQ 13653 Success
10:27:29PM JAPAN 28726 ‘cess

 

1/06/2021 FTSE Closed at 7080 points. Change of 0.83%. Total value traded through LSE was: £ 5,201,214,939 a change of -13.74%
28/05/2021 FTSE Closed at 7022 points. Change of 0.04%. Total value traded through LSE was: £ 6,029,889,894 a change of -45.96%
27/05/2021 FTSE Closed at 7019 points. Change of -0.1%. Total value traded through LSE was: £ 11,159,138,786 a change of 114.44%
26/05/2021 FTSE Closed at 7026 points. Change of -0.04%. Total value traded through LSE was: £ 5,203,804,555 a change of -0.88%
25/05/2021 FTSE Closed at 7029 points. Change of -0.31%. Total value traded through LSE was: £ 5,249,852,674 a change of 45.96%
24/05/2021 FTSE Closed at 7051 points. Change of 0.47%. Total value traded through LSE was: £ 3,596,890,836 a change of -36.82%
21/05/2021 FTSE Closed at 7018 points. Change of -100%. Total value traded through LSE was: £ 5,693,397,928 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:CEG Challenger Energy (aka Bahamas Pet)** **LSE:ITV ITV** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TLW Tullow** **

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Updated charts published on : Aviva, British Telecom, Carnival, Challenger Energy (aka Bahamas Pet), ITV, OPG Power Ventures, Oxford Instruments, Royal Mail, Sainsbury, Spirax, Tullow,

LSE:AV. Aviva. Close Mid-Price: 413 Percentage Change: + 0.44% Day High: 419.5 Day Low: 410.6

Further movement against Aviva ABOVE 419.5 should improve acceleration to ……..

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LSE:BT.A British Telecom. Close Mid-Price: 179.8 Percentage Change: + 2.83% Day High: 179.6 Day Low: 173.35

In the event of British Telecom enjoying further trades beyond 179.6, the ……..

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LSE:CCL Carnival. Close Mid-Price: 1819.2 Percentage Change: + 3.05% Day High: 1827.4 Day Low: 1751.8

All Carnival needs are mid-price trades ABOVE 1827.4 to improve accelerat ……..

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LSE:CEG Challenger Energy (aka Bahamas Pet) Close Mid-Price: 2.89 Percentage Change: -5.25% Day High: 3.05 Day Low: 2.85

Something finally appears to be happening, since their company name change ……..

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LSE:ITV ITV. Close Mid-Price: 131.5 Percentage Change: + 2.41% Day High: 131.85 Day Low: 128.45

Continued trades against ITV with a mid-price ABOVE 131.85 should improve ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 16.5 Percentage Change: -0.75% Day High: 16.75 Day Low: 16.25

If OPG Power Ventures experiences continued weakness below 16.25, it will ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2110 Percentage Change: + 1.93% Day High: 2160 Day Low: 1976

In the event of Oxford Instruments enjoying further trades beyond 2160, t ……..

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LSE:RMG Royal Mail. Close Mid-Price: 593.8 Percentage Change: + 2.63% Day High: 609.6 Day Low: 584.8

Further movement against Royal Mail ABOVE 609.6 should improve accelerati ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 267.9 Percentage Change: + 0.87% Day High: 268 Day Low: 264.7

Continued trades against SBRY with a mid-price ABOVE 268 should improve t ……..

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LSE:SPX Spirax. Close Mid-Price: 12725 Percentage Change: + 0.20% Day High: 12855 Day Low: 12660

Continued trades against SPX with a mid-price ABOVE 12855 should improve ……..

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LSE:TLW Tullow. Close Mid-Price: 55.96 Percentage Change: + 9.08% Day High: 58.12 Day Low: 51.3

In the event of Tullow enjoying further trades beyond 58.12, the share sh ……..

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

When will Barclays share price recover?

#Brent #Dax When we reviewed Barclays 3 weeks ago, we were breathlessly enthusiastic as to the share price prospects, if it would only exceed 191p. Presently trading around 183p, a visit to our trigger level was studiously avoided. Perhaps Boris celebrating his wedding and granting a weekend of good weather to a grateful nation shall do the trick! Or maybe not…

The trigger level for movement has melted downward, now standing at 188p.

Our software claims movements above 188p should now provoke price recovery to an initial 201p with secondary, if exceeded, calculating at 210p. A glance at the chart below reveals both ambitions take the share price solidly into Big Picture territory, a region where an iota above 210p can expect longer term price recovery toward 290p eventually. We can all hope something will get the party started. Our own preference shall be the market opting to “gap” the share price upward at the open anytime soon, ideally by around 10p above current. This will certainly broadcast a strong suggestion a recovery cycle is commencing, one where our Big Picture ambitions shall start to make sense.

 

One little puzzle has been recent news Barclays introduced restrictions on clients ability to transfer money to the leading crypto currency exchanges. Our curiosity is awakened as we cannot see how the bank intend make money from this maneuver. Unless we’re about to see crypto-currency exchanges run by the banks in the UK, perhaps intended to produce a respectable way of trading Bitcoin etc, allowing the current restrictions to be lifted. Despite the PR headlines advising the banks have introduced this restriction to protect their clients money, we’re more than a little suspicious as to Barclays real motives as banks rarely act in the best interest of clients, their own bottom line generally providing the driving force for decisions.

 

If everything intends go wrong for Barclays share price, it looks like below 169p shall prove troublesome, allowing the potential of weakness to an initial 150p. If broken, our longer term secondary calculates at 129p. Nothing is currently pointing in this direction. Hopefully Boris doesn’t award the nation with another lockdown, allowing him to drive to Barnard Castle in peace and quiet for a honeymoon.

All kidding aside, as someone who stays in a “destination” area, this holiday weekend allowed an amazing invasion of visitors. It also provided a sharp reminder of tourists being utterly incompetent when driving on “single track” roads, an entire field of highland cows opting to use a crash damaged fence to explore the wider area.

Once again, many thanks to those who find interesting adverts on this page.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:08:10PM BRENT 69.47 68.61 68.315 67.83 69.15 69.77 69.925 70.38 69.1
10:10:35PM GOLD 1907.62 1901
10:12:50PM FTSE 7005.71 6996
10:14:42PM FRANCE 6447.8 6439
10:26:16PM GERMANY 15443 15409 15374 15315 15483 15550 15587.5 15647 15455
10:27:52PM US500 4193 4203
10:29:57PM DOW 34459 34515
10:31:57PM NASDAQ 13658 13673
10:33:26PM JAPAN 28905 29000
28/05/2021 FTSE Closed at 7022 points. Change of 0.04%. Total value traded through LSE was: £ 6,029,889,894 a change of -45.96%
27/05/2021 FTSE Closed at 7019 points. Change of -0.1%. Total value traded through LSE was: £ 11,159,138,786 a change of 114.44%
26/05/2021 FTSE Closed at 7026 points. Change of -0.04%. Total value traded through LSE was: £ 5,203,804,555 a change of -0.88%
25/05/2021 FTSE Closed at 7029 points. Change of -0.31%. Total value traded through LSE was: £ 5,249,852,674 a change of 45.96%
24/05/2021 FTSE Closed at 7051 points. Change of 0.47%. Total value traded through LSE was: £ 3,596,890,836 a change of -36.82%
21/05/2021 FTSE Closed at 7018 points. Change of -0.03%. Total value traded through LSE was: £ 5,693,397,928 a change of 0.83%
20/05/2021 FTSE Closed at 7020 points. Change of 1.01%. Total value traded through LSE was: £ 5,646,307,617 a change of -4.36%

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:BBY BALFOUR BEATTY** **LSE:CCL Carnival** **LSE:CEG Challenger Energy (aka Bahamas Pet)** **LSE:EMG MAN** **LSE:HSBA HSBC** **LSE:IGAS Igas Energy** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:PMG Parkmead** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **

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Updated charts published on : Aston Martin, BALFOUR BEATTY, Carnival, MAN, HSBC, Igas Energy, Lloyds Grp., Natwest, Parkmead, Spirax, Standard Chartered,

LSE:AML Aston Martin Close Mid-Price: 2106 Percentage Change: -0.80% Day High: 2178 Day Low: 2098

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 310.8 Percentage Change: + 0.26% Day High: 313.4 Day Low: 303.6

Below 300 looks capable of an initial 293 with secondary, when broken, at ……..

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LSE:CCL Carnival. Close Mid-Price: 1765.4 Percentage Change: + 1.01% Day High: 1791.8 Day Low: 1754

In the event of Carnival enjoying further trades beyond 1791.8, the share ……..

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LSE:CEG Challenger Energy (aka Bahamas Pet) Close Mid-Price: 3.05 Percentage Change: -12.86% Day High: 3.5 Day Low: 1.66

??? ……..

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LSE:EMG MAN. Close Mid-Price: 178.2 Percentage Change: + 0.99% Day High: 179.85 Day Low: 176.8

Further movement against MAN ABOVE 179.85 should improve acceleration tow ……..

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LSE:HSBA HSBC. Close Mid-Price: 455.3 Percentage Change: + 1.13% Day High: 462 Day Low: 453.95

All HSBC needs are mid-price trades ABOVE 462 to improve acceleration tow ……..

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LSE:IGAS Igas Energy Close Mid-Price: 16.9 Percentage Change: -5.06% Day High: 17.8 Day Low: 16.2

In the event Igas Energy experiences weakness below 16.2 it calculates wi ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 49.89 Percentage Change: -0.03% Day High: 50.1 Day Low: 49.51

Continued trades against LLOY with a mid-price ABOVE 50.1 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 207 Percentage Change: + 0.53% Day High: 209.1 Day Low: 206.4

Continued trades against NWG with a mid-price ABOVE 209.1 should improve ……..

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LSE:PMG Parkmead. Close Mid-Price: 42.45 Percentage Change: + 3.54% Day High: 0 Day Low: 0

It appears writ large, movement next below 41p should attempt reversal to ……..

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LSE:SPX Spirax Close Mid-Price: 12700 Percentage Change: -0.55% Day High: 12810 Day Low: 12645

Target met. In the event of Spirax enjoying further trades beyond 12810, ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 507.8 Percentage Change: + 0.24% Day High: 516.6 Day Low: 508

This is starting to exhibit mildly hopeful symptoms of some optimism for t ……..

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

FTSE for Friday. When the world visits!

#FTSE #Nasdaq  Our amazingly popular weekly article, usually complaining about the UK FTSE 100 index has, for some reason, been attracting a lot of attention from Indonesia. Visitor numbers from that country proved sufficient to make it the 2nd most popular source of traffic, after the UK. The US, China, Germany, and France trailed behind with our unknown friends on Reunion Island now pushed far down the lists. Despite the thrill of reviewing where folk are based, another slight thrill is starting to grab our attention.

 

We’ve shown one of our insets on the chart, a close up of the uptrend (Red) since 2009. There’s a pretty easy conclusion to be drawn of a market, perfectly aware of this trends existence. For today, when we extrapolate this trend line, the FTSE 100 only needs close above 7029 to regain the trend. The implications thereafter are quite extraordinary, the Big Picture currently claiming the potential of recovery to a believable 7377 points.

Despite our unbreakable belief the FTSE shall experience considerable hesitation around the 7550 level (the pre-pandemic high), in the event the FTSE somehow trades above this initial 7377 target, we’re now able to calculate a longer term attraction at 8112 points. This would represent a new all time high for the UK, levels of confidence which are a surprise, given the impact of Brexit and Covid on the country. Our hope for the future is also built upon the FTSE following the example from other international markets, all of which it’s still lagging behind.

Hey, chart goes here

As for the immediate market potentials, this week has been pretty dire with the index continually failing to act properly, when faced with downward triggers or upward triggers. The trading range daily has been around 40 points which, for an index in the 7,000’s, is quite a disappointment. There’s a certain threat of movement below 6998 points forcing reversal to a useless 6980 points. If broken, our secondary calculates at 6930 points. Beware any trigger which occurs in the first second of trade on the FTSE as it’s liable to prove a fake!

If this reversal scenario triggers, the tightest stop feels like 7035 points.

 

Our alternate, the gain scenario, feels more probable. Movement above 7035 points should make an attempt at 7060 points initially. If exceeded, our secondary ambition works out at 7110 points and a decent start to the holiday weekend.

Hey, chart goes here

Special holiday weekend thanks to the folk who found some of the adverts on this page fascinating yesterday.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:16:04PM BRENT 69.25 67.92 67.58 68.54 69.29 69.46 68.38
10:17:44PM GOLD 1896 1888 1879 1899 1903 1906 1892 ‘cess
10:19:38PM FTSE 7041.84 6998 6988 7029 7045 7059.5 7011
10:32:26PM FRANCE 6438 6406 6397 6444 6466 6471.5 6420 Success
10:36:20PM GERMANY 15467 15350 15320 15447 15489 15528 15391 ‘cess
10:38:13PM US500 4212.07 4181 4172 4202 4214 4220.5 4197
10:40:37PM DOW 34566 34380 34284 34478 34614 34652 34455 Shambles
10:42:30PM NASDAQ 13695 13620 13598.5 13700 13735 13773.5 13637
10:45:12PM JAPAN 28898 28343 28214 28576 28904 28981.75 28740 Success
27/05/2021 FTSE Closed at 7019 points. Change of -0.1%. Total value traded through LSE was: £ 11,159,138,786 a change of 114.44%
26/05/2021 FTSE Closed at 7026 points. Change of -0.04%. Total value traded through LSE was: £ 5,203,804,555 a change of -0.88%
25/05/2021 FTSE Closed at 7029 points. Change of -0.31%. Total value traded through LSE was: £ 5,249,852,674 a change of 45.96%
24/05/2021 FTSE Closed at 7051 points. Change of 0.47%. Total value traded through LSE was: £ 3,596,890,836 a change of -36.82%
21/05/2021 FTSE Closed at 7018 points. Change of -0.03%. Total value traded through LSE was: £ 5,693,397,928 a change of 0.83%
20/05/2021 FTSE Closed at 7020 points. Change of 1.01%. Total value traded through LSE was: £ 5,646,307,617 a change of -4.36%
19/05/2021 FTSE Closed at 6950 points. Change of -1.19%. Total value traded through LSE was: £ 5,903,633,845 a change of 15.89%

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:CBX Cellular Goods** **LSE:HIK Hikma** **LSE:IGAS Igas Energy** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:POLY Polymetal** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **LSE:ZOL Zoldav** **

********

Updated charts published on : Applied Graphene, Aston Martin, Cellular Goods, Hikma, Igas Energy, Lloyds Grp., Natwest, Polymetal, Sainsbury, Spirax, Taylor Wimpey, Zoldav,

LSE:AGM Applied Graphene. Close Mid-Price: 31 Percentage Change: + 5.44% Day High: 31 Day Low: 30

If Applied Graphene experiences continued weakness below 30, it will inva ……..

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LSE:AML Aston Martin. Close Mid-Price: 2123 Percentage Change: + 5.46% Day High: 2119 Day Low: 1986

In the event of Aston Martin enjoying further trades beyond 2119, the sha ……..

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LSE:CBX Cellular Goods Close Mid-Price: 6.15 Percentage Change: -4.21% Day High: 6.45 Day Low: 6.1

In the event Cellular Goods experiences weakness below 6.1 it calculates ……..

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LSE:HIK Hikma Close Mid-Price: 2454 Percentage Change: -1.56% Day High: 2515 Day Low: 2462

Target met. Further movement against Hikma ABOVE 2515 should improve acce ……..

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LSE:IGAS Igas Energy Close Mid-Price: 17.8 Percentage Change: -11.00% Day High: 19.2 Day Low: 17.8

If Igas Energy experiences continued weakness below 17.8, it will invaria ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 49.91 Percentage Change: + 3.08% Day High: 49.62 Day Low: 48.24

All Lloyds Grp. needs are mid-price trades ABOVE 49.62 to improve acceler ……..

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LSE:NWG Natwest. Close Mid-Price: 205.9 Percentage Change: + 2.13% Day High: 207.1 Day Low: 200.3

^ Now worth a watch, it appears NWG are preparing to move soon. Above 207. ……..

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LSE:POLY Polymetal. Close Mid-Price: 1726.5 Percentage Change: + 0.82% Day High: 1735 Day Low: 1709

Continued trades against POLY with a mid-price ABOVE 1735 should improve ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 266 Percentage Change: + 1.06% Day High: 267 Day Low: 261.7

All Sainsbury needs are mid-price trades ABOVE 267 to improve acceleratio ……..

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LSE:SPX Spirax. Close Mid-Price: 12770 Percentage Change: + 1.55% Day High: 12760 Day Low: 12530

Target met. All Spirax needs are mid-price trades ABOVE 12760 to improve ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 167 Percentage Change: -3.27% Day High: 172.8 Day Low: 166.9

If Taylor Wimpey experiences continued weakness below 166.9, it will inva ……..

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LSE:ZOL Zoldav Close Mid-Price: 25 Percentage Change: -1.96% Day High: 25.5 Day Low: 24.5

If Zoldav experiences continued weakness below 24.5, it will invariably l ……..

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

Will Vodafone Jump The Gap?

#France #SP500 There’s something extremely curious going on with the stock market and Vodafone’s share price. In fact, we’ve never seen this sort of thing before. Vodafone continues to frustrate, due to its lack of realistic movements. For instance, the drop last year to 93p was, from our perspective, arithmetically correct, reaching a calculated target and going no further. In the period since, briefly achieving 140p wasn’t the most exciting interaction with its long term Red uptrend.

This long term Red uptrend makes us question what the heck the market is playing at with Vodafone. We’ve shown three zoomed in areas where we question some price movements. It’s worth remembering the Red line dates back to 2002, clearly something the stock market attaches a lot of importance to.

Exhibit One; In March 2020, the market gapped the price below the historical Red uptrend. Not a big deal, we thought. Just a Covid thing.

Exhibit Two. In June 2020, Vodafone looked like it was enacting recovery. The market said “nope”, promptly gapping the share price down below the historical Red uptrend.

Exhibit Three. In May 2021, Vodafone yet again looked like it was trying for recovery. The market again said “nope”, gapping the share price safely below the historical Red uptrend.

 

While a chart pattern clearly hasn’t formed, a pattern of behaviour surely makes itself clear. In the period to which we refer, the FTSE has struggled against recovery and at times we’ve felt the market itself was the enemy, determined for the FTSE 100 to founder while European and American markets flourished. It remains a surprise how the UK AIM market, for years the “whipping boy” amongst UK indices, essentially is matching US price strengths, while the FTSE 100 does its own thing.

As gaps are, essentially, share price manipulation, it begs the question as to what’s going on? Surely if this deliberate restraint continues, some of the market grown ups must start asking questions?

 

We’re almost at a loss regarding Vodafone current prospects. With every attempt at recovery being reversed by “trading gaps”, we can only suspect Vodafone needs gapped UP above Red to indicate a change of heart, along with a strong suggestion pointing at sustained recovery. At present, if Vodafone exceeded 140p, we’d be fairly certain movement in the direction of 164p was ahead. If exceeded, our secondary calculates at a longer term 188p and importantly, moves the share price into pole position for challenging price levels not seen since 2016.

Thanks to the repeated gapping behaviour, we’d now experience considerable alarm if the market ever discovered an excuse to move Vodafone below 93p. Such treacherous territory allows for an ultimate bottom of 51p.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:43:33PM BRENT 68.71 ‘cess
10:10:44PM GOLD 1896.62
10:12:35PM FTSE 7031.96
10:14:36PM FRANCE 6395 6373 6355.5 6332 6394 6402 6412 6425 6387 ‘cess
10:29:44PM GERMANY 15455 ‘cess
10:31:28PM US500 4196 4181 4171 4159 4206 4214 4220 4233 4194
10:36:42PM DOW 34336
10:37:20PM NASDAQ Nothing new to report. Flat as a pancake, boring and sleep ing
10:38:49PM JAPAN 28599 Success

26/05/2021 FTSE Closed at 7026 points. Change of -0.04%. Total value traded through LSE was: £ 5,203,804,555 a change of -0.88%
25/05/2021 FTSE Closed at 7029 points. Change of -0.31%. Total value traded through LSE was: £ 5,249,852,674 a change of 45.96%
24/05/2021 FTSE Closed at 7051 points. Change of 0.47%. Total value traded through LSE was: £ 3,596,890,836 a change of -36.82%
21/05/2021 FTSE Closed at 7018 points. Change of -0.03%. Total value traded through LSE was: £ 5,693,397,928 a change of 0.83%
20/05/2021 FTSE Closed at 7020 points. Change of 1.01%. Total value traded through LSE was: £ 5,646,307,617 a change of -4.36%
19/05/2021 FTSE Closed at 6950 points. Change of -1.19%. Total value traded through LSE was: £ 5,903,633,845 a change of 15.89%
18/05/2021 FTSE Closed at 7034 points. Change of 0.03%. Total value traded through LSE was: £ 5,094,076,340 a change of 18.05%

 

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:CEY Centamin** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:GENL Genel** **LSE:IGAS Igas Energy** **LSE:MKS Marks and Spencer** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:VEC Vectura** **

********

Updated charts published on : Avacta, Centamin, Diageo, MAN, Genel, Igas Energy, Marks and Spencer, OPG Power Ventures, Oxford Instruments, Polymetal, Royal Mail, Spirax, Vectura,

LSE:AVCT Avacta. Close Mid-Price: 253.2 Percentage Change: + 1.44% Day High: 253 Day Low: 243.5

This one is fairly straightforward, giving a visual representation of hesi ……..

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LSE:CEY Centamin Close Mid-Price: 121.15 Percentage Change: -0.29% Day High: 123.65 Day Low: 121.25

In the event of Centamin enjoying further trades beyond 123.65, the share ……..

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LSE:DGE Diageo. Close Mid-Price: 3409.5 Percentage Change: + 0.35% Day High: 3430.5 Day Low: 3388.5

In the event of Diageo enjoying further trades beyond 3430.5, the share s ……..

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LSE:EMG MAN Close Mid-Price: 176.9 Percentage Change: -0.14% Day High: 179.1 Day Low: 176.15

In the event of MAN enjoying further trades beyond 179.1, the share shoul ……..

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LSE:GENL Genel Close Mid-Price: 137.4 Percentage Change: -1.58% Day High: 139.6 Day Low: 136.4

Continued weakness against GENL taking the price below 136.4 calculates a ……..

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LSE:IGAS Igas Energy Close Mid-Price: 20 Percentage Change: -1.96% Day High: 20.8 Day Low: 19.2

Continued weakness against IGAS taking the price below 19.2 calculates as ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 169.2 Percentage Change: + 8.50% Day High: 173.25 Day Low: 158.85

Further movement against Marks and Spencer ABOVE 173.25 should improve ac ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 16.75 Percentage Change: -2.90% Day High: 17.25 Day Low: 16.75

Weakness on OPG Power Ventures below 16.75 will invariably lead to 14p. I ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2060 Percentage Change: + 0.24% Day High: 2150 Day Low: 2010

Continued trades against OXIG with a mid-price ABOVE 2150 should improve ……..

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LSE:POLY Polymetal. Close Mid-Price: 1712.5 Percentage Change: + 0.97% Day High: 1731.5 Day Low: 1706.5

All Polymetal needs are mid-price trades ABOVE 1731.5 to improve accelera ……..

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LSE:RMG Royal Mail. Close Mid-Price: 595.8 Percentage Change: + 1.64% Day High: 600.8 Day Low: 587.4

Continued trades against RMG with a mid-price ABOVE 600.8 should improve ……..

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LSE:SPX Spirax. Close Mid-Price: 12575 Percentage Change: + 1.13% Day High: 12615 Day Low: 12370

Target met. Further movement against Spirax ABOVE 12615 should improve ac ……..

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LSE:VEC Vectura. Close Mid-Price: 163.2 Percentage Change: + 33.77% Day High: 163.8 Day Low: 159.4

Target met. Continued trades against VEC with a mid-price ABOVE 163.8 sho ……..

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

Hurricane Energy, bites like a Midge

#Gold #SP500 A few things can be irritating about Scotland. Obviously, the Scots themselves can be a major irritant but for second place, we’re torn between Hurricane Energy and an insect called ‘The Midge’. The Midge, famed for enjoying the fastest wing speed on the entire planet, unfortunately tends to provide an abiding memory for visitors and unfortunately, this year looks like providing a vintage crop of the vile little sods.

As can be assumed, a usually enjoyable session with the little tractor turned into some sort of Hitchcock nightmare on Tuesday, clouds of the biting monsters ensuring playtime finished quickly with a lawn uncut and the heavy grass roller still in storage. This new toy, essentially an extremely heavy concrete sausage which attaches to the tractor with chains, promises additional excuses to slowly promenade outside while pretending to be engaged in serious work.

 

Unlike the Scottish Midge, people didn’t need visit Scotland to be stung by Hurricane Energy, an explorer focussed on the seas around Scotland!

For some time, the share has been trading at levels where we cannot calculate an ultimate bottom. Once the price opted to drill below 11p in March 2020, we’ve been floundering thanks to a lack of “ultimate bottom” target levels. However, in the last week, the share price has managed to enact some interesting movements making us wonder if something important is about to happen. To be honest, we shall not be surprised if the ploy of a ‘share split’ is enacted, perhaps a 50:1 sleight of hand to pretend the share price is back trading at levels last seen in 2018 and 2019. Alas, the harsh reality with these games is an outcome where share prices again face a few years of being slaughtered by an unsympathetic market, the main losers being private investors.

Obviously, we’ve absolutely NO inside knowledge suggesting this sort of thing is coming, just a painfully familiar feeling. When a share remains trading despite the price being arithmetically miles below our “ultimate bottom” of 11p, we tend suspect some financial gymnastics are coming. Less likely (but it happens) is a flow of good news, capable of changing company fortunes.

 

However, if we chose to search for reasonable trigger levels, it appears Hurricane Energy needs trade above just 1.75p to give early warning for some reasonable movement. According to our software, movement above 1.75p should lead to a completely boring 2.25p. Only if the share price discovers a reason to explore above 2.25p do things become really interesting as recovery to an initial 3.5p calculates as possible.

If 3.5p is exceeded, our secondary works out at 4.4p and visually, it even makes some sense. In a conventional world, should such a level make an appearance, we shall need examine price movements and “run the numbers” again, thanks to some pretty illogical recovery levels making themselves known.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:21:51PM BRENT 68.49
10:24:19PM GOLD 1899.14 1873 1868.5 1858 1886 1900 1916 1954 1863 Success
10:26:36PM FTSE 7018 Shambles
10:28:03PM FRANCE 6400
10:38:48PM GERMANY 15491
10:40:22PM US500 4191.27 4183 4171 4156 4204 4216 4225.5 4237 4195
10:42:14PM DOW 34347 ‘cess
10:44:01PM NASDAQ 13670 ‘cess
10:46:06PM JAPAN 28424
25/05/2021 FTSE Closed at 7029 points. Change of -0.31%. Total value traded through LSE was: £ 5,249,852,674 a change of 45.96%
24/05/2021 FTSE Closed at 7051 points. Change of 0.47%. Total value traded through LSE was: £ 3,596,890,836 a change of -36.82%
21/05/2021 FTSE Closed at 7018 points. Change of -0.03%. Total value traded through LSE was: £ 5,693,397,928 a change of 0.83%
20/05/2021 FTSE Closed at 7020 points. Change of 1.01%. Total value traded through LSE was: £ 5,646,307,617 a change of -4.36%
19/05/2021 FTSE Closed at 6950 points. Change of -1.19%. Total value traded through LSE was: £ 5,903,633,845 a change of 15.89%
18/05/2021 FTSE Closed at 7034 points. Change of 0.03%. Total value traded through LSE was: £ 5,094,076,340 a change of 18.05%
17/05/2021 FTSE Closed at 7032 points. Change of -0.16%. Total value traded through LSE was: £ 4,315,305,188 a change of -15.16%

 

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:CBX Cellular Goods** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glug** **LSE:ODX Omega Diags** **LSE:RMG Royal Mail** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Cellular Goods, MAN, Firstgroup, Genel, Hikma, Intertek, Lloyds Grp., National Glug, Omega Diags, Royal Mail, Speedyhire, Spirax, Zoo Digital,

LSE:CBX Cellular Goods Close Mid-Price: 6.55 Percentage Change: -2.98% Day High: 6.78 Day Low: 6.4

Weakness on Cellular Goods below 6.4 will invariably lead to 5.7 with sec ……..

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LSE:EMG MAN. Close Mid-Price: 177.15 Percentage Change: + 1.61% Day High: 177.9 Day Low: 174.4

Target met. Continued trades against EMG with a mid-price ABOVE 177.9 sho ……..

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LSE:FGP Firstgroup. Close Mid-Price: 85.55 Percentage Change: + 0.00% Day High: 86.9 Day Low: 85.35

The immediate situation is slightly useful as above 89p is supposed to tri ……..

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LSE:GENL Genel Close Mid-Price: 139.6 Percentage Change: -1.55% Day High: 141.2 Day Low: 138.6

Target met. Weakness on Genel below 138.6 will invariably lead to 130 wit ……..

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LSE:HIK Hikma. Close Mid-Price: 2496 Percentage Change: + 0.24% Day High: 2504 Day Low: 2478

Continued trades against HIK with a mid-price ABOVE 2504 should improve t ……..

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LSE:ITRK Intertek. Close Mid-Price: 5948 Percentage Change: + 0.88% Day High: 5968 Day Low: 5870

Bettering 6000p looks like a coming attempt at an initial 6247. If bettere ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 49.07 Percentage Change: + 0.72% Day High: 49.31 Day Low: 48.85

Target met. Further movement against Lloyds Grp. ABOVE 49.31 should impro ……..

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LSE:NG. National Glug Close Mid-Price: 947 Percentage Change: -0.35% Day High: 958.1 Day Low: 942.8

Continued trades against NG. with a mid-price ABOVE 958.1 should improve ……..

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LSE:ODX Omega Diags Close Mid-Price: 62 Percentage Change: -2.36% Day High: 63.5 Day Low: 60.5

Target met. In the event Omega Diags experiences weakness below 60.5 it c ……..

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LSE:RMG Royal Mail. Close Mid-Price: 586.2 Percentage Change: + 6.58% Day High: 592.6 Day Low: 557.6

Target met. In the event of Royal Mail enjoying further trades beyond 592 ……..

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LSE:SDY Speedyhire Close Mid-Price: 77 Percentage Change: -4.94% Day High: 81.1 Day Low: 76.1

In the event of Speedyhire enjoying further trades beyond 81.1, the share ……..

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LSE:SPX Spirax. Close Mid-Price: 12435 Percentage Change: + 0.08% Day High: 12495 Day Low: 12380

Target met. Continued trades against SPX with a mid-price ABOVE 12495 sho ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 134 Percentage Change: -2.55% Day High: 140 Day Low: 133

Continued trades against ZOO with a mid-price ABOVE 140 should improve th ……..

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

Is Aviva Plc a “Sure Thing”?

#Gold_Futures #Nasdaq #Aviva share price is currently experiencing the hesitation we anticipate from the FTSE, at some point in a future which increasingly feels very far away. Their share price has managed to equal the pre-pandemic high, spending the last few months stumbling around uselessly, obviously in shock at the temerity of its actions! We hesitate to use words like “Sure Thing” but when we examine this movement model on international markets, we’re able to give an interesting potential.

It will also be worth remembering the company are scheduled to issue a trading statement this Thursday, presumably something of greater interest than their attempt to steal headlines by warning of the risk of fires, this coming Bank Holiday weekend. Apparently BBQ’s rely on fire and thus, from an insurance standpoint, are a bad thing…

 

Presently trading around 406p, the share price only need exceed 421p to trigger some interesting recovery. Above 421p should look for gains in the direction of 473p with our longer term secondary, calculating at a solid looking 500p. Obviously, this assumption is based on what happened with similar shares internationally, when they finally broke above the pre-Covid highs of February 2020. It’s something of a surprise to note this scenario allegedly has a long term attraction coming from 671p, a price level absent from Aviva since 2008. We’re less than convinced at this potential but the arguments favouring 473/500p are proving strong.

 

If we chose to look at the dark side, the earliest warning for things going wrong for Aviva shall come, if the share price manages to trade below 373p. This risks trouble as we can calculate an initial target of 331p, a level at which we’d hope for a rebound. If broken, our secondary calculation works out at 298p and represents a point where we shall need review all the numbers again.

Hey, chart goes here

As always, many thanks to those who found some adverts of interest here on Monday.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:38:54PM BRENT 68.46 ‘cess
9:42:31PM GOLD 1882.81 1867 1860.5 1851 1881 1887 1890 1896 1877
9:45:16PM FTSE 7062 ‘cess
9:47:59PM FRANCE 6406
9:50:21PM GERMANY 15575.29
9:52:41PM US500 4202.97 ‘cess
9:55:15PM DOW 34438
10:00:02PM NASDAQ 13654.85 13346 12914.5 12521 13583 13692 13714 13976 13567
10:03:38PM JAPAN 28496
24/05/2021 FTSE Closed at 7051 points. Change of 0.47%. Total value traded through LSE was: £ 3,596,890,836 a change of -36.82%
21/05/2021 FTSE Closed at 7018 points. Change of -0.03%. Total value traded through LSE was: £ 5,693,397,928 a change of 0.83%
20/05/2021 FTSE Closed at 7020 points. Change of 1.01%. Total value traded through LSE was: £ 5,646,307,617 a change of -4.36%
19/05/2021 FTSE Closed at 6950 points. Change of -1.19%. Total value traded through LSE was: £ 5,903,633,845 a change of 15.89%
18/05/2021 FTSE Closed at 7034 points. Change of 0.03%. Total value traded through LSE was: £ 5,094,076,340 a change of 18.05%
17/05/2021 FTSE Closed at 7032 points. Change of -0.16%. Total value traded through LSE was: £ 4,315,305,188 a change of -15.16%
14/05/2021 FTSE Closed at 7043 points. Change of 1.15%. Total value traded through LSE was: £ 5,086,620,345 a change of -7.58%

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:EMG MAN** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:MKS Marks and Spencer** **LSE:NG. National Glug** **LSE:ODX Omega Diags** **LSE:OXIG Oxford Instruments** **LSE:RMG Royal Mail** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:VEC Vectura** **LSE:ZOO Zoo Digital** **

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Updated charts published on : British Telecom, MAN, Foxtons, Genel, Hikma, Marks and Spencer, National Glug, Omega Diags, Oxford Instruments, Royal Mail, Speedyhire, Spirax, Serco, Vectura, Zoo Digital,

LSE:BT.A British Telecom. Close Mid-Price: 178 Percentage Change: + 1.19% Day High: 179.1 Day Low: 176.1

Further movement against British Telecom ABOVE 179.1 should improve accel ……..

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LSE:EMG MAN. Close Mid-Price: 174.35 Percentage Change: + 0.84% Day High: 175.35 Day Low: 171.55

Target met. All MAN needs are mid-price trades ABOVE 175.35 to improve ac ……..

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LSE:FOXT Foxtons. Close Mid-Price: 58.6 Percentage Change: + 0.69% Day High: 58.4 Day Low: 57.5

Weakness on Foxtons below 57.5 will invariably lead to 50 with secondary ……..

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LSE:GENL Genel Close Mid-Price: 141.8 Percentage Change: -1.66% Day High: 143.4 Day Low: 141.6

If Genel experiences continued weakness below 141.6, it will invariably l ……..

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LSE:HIK Hikma. Close Mid-Price: 2490 Percentage Change: + 1.34% Day High: 2485 Day Low: 2460

All Hikma needs are mid-price trades ABOVE 2485 to improve acceleration t ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 156.8 Percentage Change: + 2.65% Day High: 156.2 Day Low: 152.5

It’s still the case M&S needs above 164 to bring a visit to an initial 176 ……..

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LSE:NG. National Glug. Close Mid-Price: 950.3 Percentage Change: + 0.52% Day High: 956.5 Day Low: 946.8

Further movement against National Glug ABOVE 956.5 should improve acceler ……..

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LSE:ODX Omega Diags Close Mid-Price: 63.5 Percentage Change: -5.93% Day High: 67.5 Day Low: 63.5

Continued weakness against ODX taking the price below 63.5 calculates as ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2040 Percentage Change: + 0.00% Day High: 2135 Day Low: 1998

In theory, next time this makes it above 2135, the price should head for a ……..

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LSE:RMG Royal Mail. Close Mid-Price: 550 Percentage Change: + 4.48% Day High: 553.8 Day Low: 524.4

All Royal Mail needs are mid-price trades ABOVE 553.8 to improve accelera ……..

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LSE:SDY Speedyhire. Close Mid-Price: 81 Percentage Change: + 6.58% Day High: 80.3 Day Low: 76.2

Target met. Continued trades against SDY with a mid-price ABOVE 80.3 shou ……..

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LSE:SPX Spirax. Close Mid-Price: 12425 Percentage Change: + 1.43% Day High: 12425 Day Low: 12250

In the event of Spirax enjoying further trades beyond 12425, the share sh ……..

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LSE:SRP Serco. Close Mid-Price: 136.1 Percentage Change: + 0.67% Day High: 136.9 Day Low: 134

Below 132 now looks troubling, allowing reversals to an initial 124 with s ……..

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LSE:VEC Vectura. Close Mid-Price: 122.4 Percentage Change: + 0.82% Day High: 123.6 Day Low: 119.8

Target met. Further movement against Vectura ABOVE 123.6 should improve a ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 137.5 Percentage Change: + 8.27% Day High: 138.5 Day Low: 127

Target met. In the event of Zoo Digital enjoying further trades beyond 13 ……..

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