Personal Assets Trust Plc and unwanted fireworks

 #Gold #SP500

Around 1am, it’s possible to draw the most absurd similes. When PNL.L did their 1:100 share split at the start of August, we suspected fireworks may be coming in the future. Accidentally inventing indoor fireworks wasn’t a consideration but at 1am, with tiny balls of blue flame flying around the lounge, PNL somehow came to mind as being due a glance.

Our unexpected light show came from a homemade methanol heater concept, one of these ridiculous things which seemed like a good idea at the time. Sometimes, the effort to wind down after a day watching the markets and an evening writing about them, can involve being a little silly but the homemade heater was proving fascinating. And with all projects, it’s never going to be finished as constant tweaks are required.

 

By 1am, the western markets closed and futures essentially pretending to move thanks to this week being Thanksgiving, it was obviously time to try a new cunning plan with the wick for the heater. To explain, the wick, the bit you light to get heat, is quite recessed within a 5mm slot and tonight’s good idea involved creating a simple fuse, using a tail of long wick material which was clamped within the 5mm slot. Due to repeat experiments, lots of strips of the carbon felt used for a wick were lying outside on the patio table, essentially off-cuts. An ideal length, slightly damp from the Scottish mist, was selected, surely able to dry quickly in the heat. It was soaked in methanol, securely jammed in the narrow slot. All other components had been tested and there was no reason to worry about lighting this flammable strip.

The flame danced quite neatly up to the stove, then raced around within the recess in a spectacular display of a flame chasing itself in a circle.

And then the little stove blew up, roughly 100ml of methanol fuel going everywhere in droplet form as it sprayed through the stainless steel mesh ‘safety’ cover.

Somehow or other, I didn’t panic as “It is ONLY methanol”. Pretty blue droplets were now burning on the carpet, the book case, my hand, the ceiling, one even close to a dogs paw. The smoke alarm continued sleeping thankfully as it’s doubtful my wife’s sense of humour would extend to this little accident. Literally within a minute, all flames were extinguished aside from those trapped in the spill tray below the stove, an utterly essential component for reasons which rapidly became obvious.

Not a single trace of the disaster remained, the only problem being the cause.

Once market futures were dealt with on Tuesday morning, a quick test of a theory – this time in the garden – confirmed using a wet wick wasn’t a great idea. Either it had ignited gasses in an enclosed space or, the addition of 2 parts of hydrogen and 1 part of Oxygen (H2O – aka water) to methanol created a seriously spectacular indoor firework.

 

Personal Assets Trust indulged in the kind of share split we like, giving investors 100 shares for every one they hold. In US markets and, to a lesser extent the UK, invariably this form of split is good news for a share price in the longer term, justifying a fireworks display. However, in the case of PNL currently, there’s a reason for some slight concern. An annoying dip on October 13th took their share price below the Red uptrend, something we dislike as this sort of nonsense can often signify early warning for trouble.

Currently, below 465p threatens reversal to 454p initially with secondary, if broken, a hopefully trampoline bottom at 437p.

However, we’re mildly fascinated at the reverence being paid to Red on the chart and wonder if the share price is simply marching on the spot, awaiting some news the market shall deem important. This being the case, above just 482p should prove capable of a lift to an initial 494 with secondary, if bettered, a longer term 525p and a new all time high.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:25:47PM BRENT 87.03 82.21 81.22 79.8 84.32 87.47 89.14 91.45 86.25 Success
9:27:42PM GOLD 1739 1735 1730 1725 1742 1747 1752 1759 1743 ‘cess
9:30:07PM FTSE 7406 7362 7353 7332 7392 7417 7430 7460 7392 ‘cess
9:31:54PM STOX50 3924.4 3893 3889 3873 3911 3926 3935 3949 3901
9:33:45PM GERMANY 14414 14319 14312 14259 14364 14433 14475 14527 14393
9:35:34PM US500 3950.87 3930 3923 3902 3956 3962 3972 3986 3938 ‘cess
9:37:32PM DOW 33707.4 33554 33471 33338 33687 33864 33896 34010 33670
9:39:26PM NASDAQ 11564 11514 11453 11335 11616 11668 11724 11794 11547 ‘cess
9:41:14PM JAPAN 28042 27832 27819 27730 27967 28086 28105 28196 27981

 

21/11/2022 FTSE Closed at 7376 points. Change of -0.12%. Total value traded through LSE was: £ 4,929,378,651 a change of -6.71%
18/11/2022 FTSE Closed at 7385 points. Change of 0.53%. Total value traded through LSE was: £ 5,283,705,968 a change of 16.51%
17/11/2022 FTSE Closed at 7346 points. Change of -0.31%. Total value traded through LSE was: £ 4,534,930,132 a change of -10.24%
15/11/2022 FTSE Closed at 7369 points. Change of -0.22%. Total value traded through LSE was: £ 5,052,481,735 a change of -8.73%
14/11/2022 FTSE Closed at 7385 points. Change of 0.92%. Total value traded through LSE was: £ 5,535,819,308 a change of -22.5%
11/11/2022 FTSE Closed at 7318 points. Change of -0.77%. Total value traded through LSE was: £ 7,142,834,234 a change of 9.63%
10/11/2022 FTSE Closed at 7375 points. Change of -100%. Total value traded through LSE was: £ 6,515,510,532 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.

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.

If you want to ask a question about something Market Related intraday, don’t hesitate to email private.client@trendsandtargets.com. If something has gone volatile and a quick answer is needed, we’ve probably already run the numbers on it. As you’ll appreciate, we try and avoid spamming people needlessly.

Section One – Outlook Updated Today. Click here for Section Two – Outlook remains valid stocks

Click Epic to jump to share: LSE:CBX Cellular Goods** **LSE:EZJ EasyJet** **LSE:IQE IQE** **LSE:NG. National Glib** **LSE:OPG OPG Power Ventures** **LSE:TSCO Tesco** **

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Updated charts published on : Cellular Goods, EasyJet, IQE, National Glib, OPG Power Ventures, Tesco,

LSE:CBX Cellular Goods. Close Mid-Price: 1.45 Percentage Change: -3.33% Day High: 1.5 Day Low: 1.45

If Cellular Goods experiences continued weakness below 1.45, it will invariably lead to 1.40 with secondary (if broken) at a longer term 0.30p. The share requires to sneak ABOVE 2.65 to improve acceleration toward an initial 3.3p with secondary (if initial bettered) at 4.5p.

Previous Report:

21/09/2022 All Cellular Goods needs are mid-price trades ABOVE 2.65 to improve acceleration toward an initial 3.3p with secondary (if initial bettered) at 4.5. The price would require to slip BELOW 1.5 for panic as there remains the risk of an eventual trip to 0.30p. However, this looks increasingly unlikely.

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LSE:EZJ EasyJet Close Mid-Price: 388.1 Percentage Change: + 0.05% Day High: 389.9 Day Low: 371.4

Continued weakness against EZJ taking the price below 371.4 calculates as leading to an initial 318 with secondary (if broken) at a longer term 255 and hopefully a bottom. The share requires to move ABOVE 428, the share should experience improved acceleration toward an initial 534 initially with secondary, if bettered, at 751.

Previous Report:

17/11/2022 Weakness on EasyJet below 378.9 will invariably lead to 318 with secondary (if broken) at a longer term 255 and hopefully a bottom. The share requires to move ABOVE 428, the share should experience improved acceleration toward an initial 534 initially with secondary, if bettered, at 751.

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LSE:IQE IQE Close Mid-Price: 48.9 Percentage Change: + 0.31% Day High: 50.2 Day Low: 48.3

Continued trades against IQE with a mid-price ABOVE 50.2 should improve the share value to firstly 54.50p next with secondary, if bettered, a visually plausable 59p. The price needs below 33 for concern, suggesting a reversal cycle to 25p.

Previous Report:

15/11/2022 In the event of IQE enjoying further trades beyond 49.9, the share should experience improved acceleration toward an initial 54.50p next with secondary, if bettered, a visually plausable 59p. The price needs below 33 for concern, suggesting a reversal cycle to 25p.

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LSE:NG. National Glib Close Mid-Price: 1032 Percentage Change: + 1.43% Day High: 1031.5 Day Low: 1015

Further movement against National Glib ABOVE 1031.5 should improve acceleration toward an initial 1035 with secondary, if bettered, at 1089p. The share would require to weaken BELOW 844, it will invariably lead to 836 with secondary (if broken) at a longer term 781p.

Previous Report:

10/11/2022 Continued trades against NG. with a mid-price ABOVE 1024 should improve the share value to firstly 1035 with secondary, if bettered, at 1089p. The share would require to weaken BELOW 844, it will invariably lead to 836 with secondary (if broken) at a longer term 781p.

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LSE:OPG OPG Power Ventures Close Mid-Price: 7.05 Percentage Change: + 0.71% Day High: 7.25 Day Low: 7

All OPG Power Ventures needs are mid-price trades ABOVE 7.25 to improve acceleration toward an initial 7.9 with secondary, if bettered, working out at 8.7p.

It would require trading BELOW 5.76, it will invariably lead to 5.6p with secondary (if broken) at a longer term 5p.

Previous Report:

29/07/2022 In the event of OPG Power Ventures enjoying further trades beyond 7.2, the share should experience improved acceleration toward an initial 7.9 with secondary, if bettered, working out at 8.7p.

It would require trading BELOW 5.76, it will invariably lead to 5.6p with secondary (if broken) at a longer term 5p.

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LSE:TSCO Tesco Close Mid-Price: 232 Percentage Change: + 0.30% Day High: 233 Day Low: 229.7

Further movement against Tesco ABOVE 233 should improve acceleration toward an initial 243 next with secondary, if bettered, now working out at 259p. If needs below 223 for concern, giving the potential of weakness to 192 with secondary, if broken, at 157

Previous Report:

08/11/2022 Target Met. Movement now above 231 calculates with the hope of 243 next with secondary, if bettered, now working out at 259p. If needs below 223 for concern, giving the potential of weakness to 192 with secondary, if broken, at 157

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

Natwest Group, is the wind picking up?

Natwest  (LSE:NWG)

#Brent #Dax Top Gear on Sunday managed to pull off something extraordinary. Their competition, going from thousands of entrants down to a final sixteen, then four winners was extraordinary, culminating in a GT race in a McLaren 570. Had this been on any other channel, the greed of a “reality show” potential would have dragged it out to be a series, but instead, we were gifted some quite interesting telly without it feeling rushed.

If only the Retail Banking sector share prices could learn from this process. It was once said investing was a 7 year cycle game but we’re nearly at 14 years, since Natwest hit their low of 9.8p back in 2009 and, disregarding the 10:1 share consolidation in 2012, it’s only trading around 25.8p currently. Perhaps, rather than bank managers, they should employ Top Gear producers in an effort to get things moving.

Three weeks ago, we reviewed this share, speculating on the potential of movement above 237 triggering a lift to 254p. With something akin to a festive season miracle, the trigger was hit and their price obligingly moved to target, even exceeding it slightly. Visually, the share price is now on the edge of some Big Picture movement potentials. First though, we need revised the relatively near term chances. Above just 260p calculates with the potential of a lift now to an initial 266p with secondary, if exceeded, a slightly less certain ambition at 284p. While 284p looks quite a pretty target, neatly matching the highs achieved in August, we need CLOSURE above 284p to start taking Natwest seriously.

The requirement for closure makes sense, if viewing the downtrend since 2018 as this shall embed the share price above the trend, giving considerable hope as it will move the price into a region where the Big Picture calculates with an initial 320 with secondary, if bettered, a long term 394p.

 

For things to revert to type for Natwest, their share price needs tumble below 233p as this risks triggering reversal to an initial 207 with secondary, if broken, at 209p.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:13:05PM BRENT 87.61 85.48 84.65 82.88 87.62 88.75 89.19 89.72 87 Success
9:15:21PM GOLD 1748 ‘cess
9:17:44PM FTSE 7398.06 Success
9:20:59PM STOX50 3934.3 Success
9:23:08PM GERMANY 14443.24 14343 14307 14256 14409 14460 14495 14545 14365 ‘cess
9:24:49PM US500 3952
9:26:36PM DOW 33638.4
9:28:19PM NASDAQ 11635
9:30:43PM JAPAN 27957

 

18/11/2022 FTSE Closed at 7385 points. Change of 0.53%. Total value traded through LSE was: £ 5,283,705,968 a change of 16.51%
17/11/2022 FTSE Closed at 7346 points. Change of -0.31%. Total value traded through LSE was: £ 4,534,930,132 a change of -10.24%
15/11/2022 FTSE Closed at 7369 points. Change of -0.22%. Total value traded through LSE was: £ 5,052,481,735 a change of -8.73%
14/11/2022 FTSE Closed at 7385 points. Change of 0.92%. Total value traded through LSE was: £ 5,535,819,308 a change of -22.5%
11/11/2022 FTSE Closed at 7318 points. Change of -0.77%. Total value traded through LSE was: £ 7,142,834,234 a change of 9.63%
10/11/2022 FTSE Closed at 7375 points. Change of 1.08%. Total value traded through LSE was: £ 6,515,510,532 a change of 60.71%
9/11/2022 FTSE Closed at 7296 points. Change of -0.14%. Total value traded through LSE was: £ 4,054,252,272 a change of -13.25%

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:CAR Carclo** **LSE:CNA Centrica** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **

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Updated charts published on : Carclo, Centrica, ECO (Atlantic) O & G, Igas Energy, Lloyds Grp., Natwest,

LSE:CAR Carclo Close Mid-Price: 15.47 Percentage Change: -1.75% Day High: 0 Day Low: 0

Continued weakness against CAR taking the price below 14 with secondary, ……..

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LSE:CNA Centrica. Close Mid-Price: 93 Percentage Change: + 1.42% Day High: 96.22 Day Low: 92.4

Target met. Continued trades against CNA with a mid-price ABOVE 96.22 sho ……..

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 17.5 Percentage Change: -58.33% Day High: 22.5 Day Low: 16

Target met. If ECO (Atlantic) O & G experiences continued weakness below ……..

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LSE:IGAS Igas Energy Close Mid-Price: 21.1 Percentage Change: -11.34% Day High: 25.4 Day Low: 21.1

Target met. Weakness on Igas Energy below 21.1 will invariably lead to 20 ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 45.48 Percentage Change: + 2.38% Day High: 45.66 Day Low: 44.53

Continued trades against LLOY with a mid-price ABOVE 45.66 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 258.1 Percentage Change: + 2.02% Day High: 259.7 Day Low: 253.3

Further movement against Natwest ABOVE 259.7 should improve acceleration ……..

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

A fabulous FTSE for Friday

#FTSE #GOLD

Due to an obligatory family event, we skipped Wednesday evening’s report in favour of an evening in a restaurant. It’s funny, everything felt like the few years were a distant memory, even though we’ve not taken an evening off since Nov 2019. For the first time since the pandemic era, everything felt normal with the world and as always, the only problem with a family gathering is family turn up.

One bright bit of news appeared on Thursday to help diminish a Merlot hangover, as shown in the graphic below. It proudly trumpets the news of next year probably going to be pretty bad with the UK underperforming every other economy. A similar theme has been emerging across the media, a broad expectation 2023 will doubtless be “a bit rubbish”. We’d like to point out something quite surprising about these economic forecasts. They are almost always wrong!.

As countries emerged from the pain of lockdown, it was widely projected the UK was going to recover faster and better than virtually everywhere else with lots of colourful graphics supporting the notion. News the UK has recovered more slowly than everywhere else hasn’t proven to be a surprise, our GDP standing alone in showing a reduction against the year pre-Covid. Everywhere else has gained. Now, with the genius’s who feed the rumour mill which drives headlines entering overdrive in favouring future misery, it’s pretty certain next year shall yield some pleasant surprises despite the UK governments ongoing attempts to trash the economy. Who knows, maybe the politician who’s doing time in a jungle shall become the next Prime Minister, when the job again becomes vacant.

 

Image

As for the FTSE, since the index exceeded our weird trend break trigger level around 7180, everything has worked out pretty much as expected with the index proving quite well behaved. Better still, the index value has again regained the Red pandemic uptrend on the chart and as the chart inset highlights, some effort is being made to ensure the index remains solidly above Red. Common sense suggests in the event of the FTSE somehow discovering an excuse to CLOSE below Red, some bad times may be ahead. Currently, this requires the FTSE to end a day below 7310 points.

For the immediate future, the UK index needs exceed 7360 points to hopefully trigger recovery to an initial 7397 points. If exceeded, our secondary for the longer term (or later that day) calculates at 7436 points. Such a target level is within reaching distance of a Big Picture ambition, currently exerting an attraction at 7470 points. We do anticipate some hesitation at the 7470 level, if it ever bothers to make an appearance. This suspicion is due to a further calculation 200 points higher, finally taking the UK within sneezing distance of joining the rest of the world and leaving the pandemic behind. For our near term targets, if triggered, a fairly reasonable 7320 points.

 

Our alternate scenario, should the index break 7320 points, has the potential of reversal to an initial modest 7308 points with secondary, if broken, at 7278 points and a very possible bounce.

 

Have a good weekend and do enjoy the last GP of the year.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
9:41:23PM BRENT 89.43 88.85 88.58 90.12 92.13 93.05 90.95
9:42:43PM GOLD 1761.12 1754 1750 1763 1771 1773 1764
9:44:27PM FTSE 7377.62 7332 7315 7362 7378 7383 7352
9:46:28PM STOX50 3903 3841 3827 3870 3883 3911 3871
9:47:52PM GERMANY 14340 14143 14076 14244 14385 14423 14276
9:53:26PM US500 3952 3920 3903 3959 3982 3989 3952
9:55:33PM DOW 33559 33277 33261 33399 33696 33858 33500
9:56:56PM NASDAQ 11716 11566 11516 11650 11785 11872 11672
9:58:55PM JAPAN 27964 27844 27782 27946 28024 28101 27880

 

17/11/2022 FTSE Closed at 7346 points. Change of -0.31%. Total value traded through LSE was: £ 4,534,930,132 a change of -10.24%
15/11/2022 FTSE Closed at 7369 points. Change of -0.22%. Total value traded through LSE was: £ 5,052,481,735 a change of -8.73%
14/11/2022 FTSE Closed at 7385 points. Change of 0.92%. Total value traded through LSE was: £ 5,535,819,308 a change of -22.5%
11/11/2022 FTSE Closed at 7318 points. Change of -0.77%. Total value traded through LSE was: £ 7,142,834,234 a change of 9.63%
10/11/2022 FTSE Closed at 7375 points. Change of 1.08%. Total value traded through LSE was: £ 6,515,510,532 a change of 60.71%
9/11/2022 FTSE Closed at 7296 points. Change of -0.14%. Total value traded through LSE was: £ 4,054,252,272 a change of -13.25%
8/11/2022 FTSE Closed at 7306 points. Change of -100%. Total value traded through LSE was: £ 4,673,301,102 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:AFC AFC Energy** **LSE:EZJ EasyJet** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **

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Updated charts published on : AFC Energy, EasyJet, Lloyds Grp., Natwest, Omega Diags,

LSE:AFC AFC Energy Close Mid-Price: 18 Percentage Change: -0.33% Day High: 18.8 Day Low: 17

If AFC Energy experiences continued weakness below 17, it will invariably ……..

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LSE:EZJ EasyJet Close Mid-Price: 388.9 Percentage Change: -0.49% Day High: 400.6 Day Low: 378.9

Weakness on EasyJet below 378.9 will invariably lead to 318 with seconda ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 44.42 Percentage Change: + 2.99% Day High: 44.77 Day Low: 42.84

All Lloyds Grp. needs are mid-price trades ABOVE 44.77 to improve acceler ……..

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LSE:NWG Natwest. Close Mid-Price: 253 Percentage Change: + 2.47% Day High: 253.3 Day Low: 246.2

Target met. In the event of Natwest enjoying further trades beyond 253.3, ……..

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LSE:ODX Omega Diags Close Mid-Price: 4.05 Percentage Change: -1.22% Day High: 4.3 Day Low: 3.75

Target met. All Omega Diags needs are mid-price trades ABOVE 4.3 to impro ……..

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

Will Rio Tinto (LSE:RIO) hit 7700p?

#FTSE #WallSt

Due to celebrate their 150th birthday next year, Rio Tinto (named after a Spanish river) have much to boast about, when reviewing the history which got them to the present. Active in 35 countries, they’re currently ranked as 2nd largest miner in the world but probably shall always be remembered for destroying a cave in Australia, a prehistoric site containing evidence of 46,000 years of continual human occupation.

Their PR department initially appeared to do a good job, giving the impression is was all a bit of a surprise. A little bit of research revealed Rio Tinto had been given permission 7 years earlier, a decision which had been under review when the company opted to blow it up. From an Australian perspective, the event appears to be on a similar scale, should the UK Govt opt to repurpose Stonehenge as a missile testing site with accommodation for free range illegal immigrants & LibDems too.

 

Prior to the financial crash of 2009, Rio attained a share price high of £72 an impressive number it hasn’t (yet) attained in the years since. Currently pottering around the 5450p level, their share price look like it has a trigger level at just 5510p. In the event the price exceeds this level, ongoing movement to 5892p initially calculates as possible. Should such be exceeded, our secondary works out at 6112p and the potential of a major change for the future.

This is one of these events where closure above 6112p is required to give the price a long term impitus to make a charge at an impressive 7792 and a new all time high.

 

To indicate trouble ahead, Rio Tinto share price requires to dig below Red on the chart below, presently around 4450p as this looks capable of provoking reversal to 3834p with secondary, if broken, at 3700p and hopefully a bounce, a distinct possibility doe to the proximity of each target. Real problems shall make themselves known if any excuse is unearthed for the share price to close a session below £37 as this calculates with the potential of a future excavation down to 2784p.

Given many of Rio Tinto’s extracted products are currently fetching record prices in world markets, we’re inclined to look favourably on the future.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:33:52PM BRENT 93.2
10:35:47PM GOLD 1778.58 Success
10:38:13PM FTSE 7333.62 7311 7281 7237 7357 7368 7378 7400 7338 ‘cess
10:41:28PM STOX50 3882.4
10:44:38PM GERMANY 14260 Success
10:46:39PM US500 3985.9 Shambles
10:52:04PM DOW 33531 33310 33291 33049 33504 33750 33854 34037 33572 ‘cess
10:54:38PM NASDAQ 11853.55 Success
10:57:22PM JAPAN 27985 Shambles

 

15/11/2022 FTSE Closed at 7369 points. Change of -0.22%. Total value traded through LSE was: £ 5,052,481,735 a change of -8.73%
14/11/2022 FTSE Closed at 7385 points. Change of 0.92%. Total value traded through LSE was: £ 5,535,819,308 a change of -22.5%
11/11/2022 FTSE Closed at 7318 points. Change of -0.77%. Total value traded through LSE was: £ 7,142,834,234 a change of 9.63%
10/11/2022 FTSE Closed at 7375 points. Change of 1.08%. Total value traded through LSE was: £ 6,515,510,532 a change of 60.71%
9/11/2022 FTSE Closed at 7296 points. Change of -0.14%. Total value traded through LSE was: £ 4,054,252,272 a change of -13.25%
8/11/2022 FTSE Closed at 7306 points. Change of 0.1%. Total value traded through LSE was: £ 4,673,301,102 a change of -8.96%
7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%

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:ASC Asos** **LSE:BLOE Block Energy PLC** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:OCDO Ocado Plc** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:VOD Vodafone** **

********

Updated charts published on : Asos, Block Energy PLC, Carnival, Centamin, EasyJet, Hikma, International Personal Finance, IQE, Intertek, Ocado Plc, Scottish Mortgage Investment Trust, Vodafone,

LSE:ASC Asos Close Mid-Price: 756 Percentage Change: -4.67% Day High: 804 Day Low: 755.5

Further movement against Asos ABOVE 804 should improve acceleration towar ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 1.3 Percentage Change: -13.33% Day High: 1.5 Day Low: 1.25

Target met. Weakness on Block Energy PLC below 1.25 will invariably lead ……..

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LSE:CCL Carnival. Close Mid-Price: 843.8 Percentage Change: + 4.25% Day High: 854.8 Day Low: 804.6

Continued trades against CCL with a mid-price ABOVE 854.8 should improve ……..

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LSE:CEY Centamin Close Mid-Price: 101.5 Percentage Change: -4.25% Day High: 107.65 Day Low: 100.9

Further movement against Centamin ABOVE 107.65 should improve acceleratio ……..

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LSE:EZJ EasyJet Close Mid-Price: 416.7 Percentage Change: -1.02% Day High: 428 Day Low: 407.4

In the event of EasyJet enjoying further trades beyond 428, the share sho ……..

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LSE:HIK Hikma. Close Mid-Price: 1446 Percentage Change: + 1.01% Day High: 1467 Day Low: 1415.5

All Hikma needs are mid-price trades ABOVE 1467 to improve acceleration t ……..

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LSE:IPF International Personal Finance Close Mid-Price: 75.1 Percentage Change: -0.66% Day High: 81 Day Low: 75.2

Continued trades against IPF with a mid-price ABOVE 81 should improve the ……..

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LSE:IQE IQE. Close Mid-Price: 49.1 Percentage Change: + 1.45% Day High: 49.9 Day Low: 47.8

In the event of IQE enjoying further trades beyond 49.9, the share should ……..

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LSE:ITRK Intertek. Close Mid-Price: 4121 Percentage Change: + 0.66% Day High: 4137 Day Low: 4075

All Intertek needs are mid-price trades ABOVE 4137 to improve acceleratio ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 770.2 Percentage Change: -16.79% Day High: 936.2 Day Low: 770.4

Continued trades against OCDO with a mid-price ABOVE 936.2 should improve ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 833.8 Percentage Change: + 3.12% Day High: 831.4 Day Low: 807.8

Further movement against Scottish Mortgage Investment Trust ABOVE 831.4 s ……..

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LSE:VOD Vodafone Close Mid-Price: 95.89 Percentage Change: -7.94% Day High: 102 Day Low: 94.61

In the event Vodafone experiences weakness below 94.61 it calculates with ……..

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

Kefi Gold and Copper (LSE:KEFI), a tale of two trends

#Gold #SP500

Kefi are managing to provide a brief “Back to School” lesson about trend lines. An immediate glance at the Big Picture chart below gives ample reason for good cheer for the share price future, it has broken through a pronounced Blue downtrend since 2016 and is now clearly heading upward. Surely this gives reason for rampant optimism for the months ahead?

This may not be the case. When we previously reviewed Kefi, we provided quite a positive report. But we can also note the share price cleverly avoided any upward triggers (it was trading at 1.9p when we ran the numbers), instead price movements paid attention to our final paragraph. By September, the share decided to break below 1.4p (circled) and what’s been happening since is a bit of a shambles. And while it may be trading above Blue, we’re rather more interested in the Light Grey trend line. This is important from our perspective, ‘cos we build future price movement tables around the strengths shown when a share reacts to a trend. Due to current dance steps, it’s highly likely the Blue downtrend can be ignored for the moment.

Our reason for distrusting the share comes from another trend line, dating back to 2020 and more ominously, the one to which the market is paying attention. This innocent downtrend has been formed by 4 previous price movements and what’s important is the effort currently being made to ensure the share price doesn’t close above the Light Grey line. During the last few sessions, the share has been permitted to cavort above the trend during the session but extraordinary effort has been employed to ensure the closing price remains in the dangerous land of doldrums.

The immediate situation is a bit underwhelming, suggesting above 0.95 should make an attempt at 1.08p next with secondary, if beaten, a marginally more respectable 1.25p. We’d like to point out it needs exceed 1.4p before anything realistic becomes viable as this risks triggering gains to 2.32p, a point where we’d need look hard at the tea leaves again.

However, due to the salient detail the price is being maintained below a trend line, there’s a very real risk below 0.75 shall provoke reversal to an initial 0.60 with secondary, if broken, at 0.45p and a possible bounce. But of course, there’s always the risk the share price is being kept in place, pending the release of some important information…

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:09:25PM BRENT 91.88
10:11:03PM GOLD 1772.28 1743 1733 1719 1764 1776 1780 1784 1766
10:13:18PM FTSE 7365.89 Success
10:16:11PM STOX50 3877.6 Success
10:18:20PM GERMANY 14274 ‘cess
10:19:44PM US500 3966.77 3954 3943 3921 3988 4009 4024 4047 3980 Shambles
10:24:55PM DOW 33609.9
10:26:56PM NASDAQ 11736 ‘cess
10:29:22PM JAPAN 27947
14/11/2022 FTSE Closed at 7385 points. Change of 0.92%. Total value traded through LSE was: £ 5,535,819,308 a change of -22.5%
11/11/2022 FTSE Closed at 7318 points. Change of -0.77%. Total value traded through LSE was: £ 7,142,834,234 a change of 9.63%
10/11/2022 FTSE Closed at 7375 points. Change of 1.08%. Total value traded through LSE was: £ 6,515,510,532 a change of 60.71%
9/11/2022 FTSE Closed at 7296 points. Change of -0.14%. Total value traded through LSE was: £ 4,054,252,272 a change of -13.25%
8/11/2022 FTSE Closed at 7306 points. Change of 0.1%. Total value traded through LSE was: £ 4,673,301,102 a change of -8.96%
7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%
4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%

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:ASC Asos** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **

********

Updated charts published on : Asos, Carnival, Darktrace Plc, ECO (Atlantic) O & G, EasyJet, Fresnillo, Hargreaves Lansdown, British Airways, ITV, Lloyds Grp., Natwest, Ocado Plc, Oxford Instruments, Rolls Royce, Sainsbury,

LSE:ASC Asos. Close Mid-Price: 793 Percentage Change: + 0.63% Day High: 797 Day Low: 750.5

Target Met or near enough. Now above 800 suggests the potential of future ……..

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LSE:CCL Carnival. Close Mid-Price: 809.4 Percentage Change: + 5.28% Day High: 813.8 Day Low: 777

Target Met. This is looking hopeful but not quite sailing off into the sun ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 395.2 Percentage Change: -0.18% Day High: 415 Day Low: 392.3

Further movement against Darktrace Plc ABOVE 415 should improve accelerati ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 45 Percentage Change: + 1.69% Day High: 45.5 Day Low: 44.25

Continued trades against ECO with a mid-price ABOVE 45.5 should improve th ……..

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LSE:EZJ EasyJet. Close Mid-Price: 421 Percentage Change: + 2.06% Day High: 424.7 Day Low: 403.4

EasyJet needs mid-price trades ABOVE 425 to improve acceleration toward an ……..

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LSE:FRES Fresnillo. Close Mid-Price: 879.4 Percentage Change: + 1.52% Day High: 887.2 Day Low: 863.2

Target Met. Now above 888 holds the potential of movement to 907 next with ……..

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LSE:HIK Hikma. Close Mid-Price: 1431.5 Percentage Change: + 3.21% Day High: 1441.5 Day Low: 1375.5

Further movement against Hikma ABOVE 1442 should continue acceleration tow ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 931.4 Percentage Change: -0.34% Day High: 945.6 Day Low: 922.2

Further movement against Hargreaves Lansdown ABOVE 945.6 should improve a ……..

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LSE:IAG British Airways. Close Mid-Price: 141.36 Percentage Change: + 2.63% Day High: 141.78 Day Low: 135.42

All British Airways needs are mid-price trades ABOVE 141.78 to improve a ……..

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LSE:ITV ITV. Close Mid-Price: 79.88 Percentage Change: + 2.70% Day High: 79.8 Day Low: 76.22

Further movement against ITV ABOVE 79.8 should improve acceleration towar ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 43.6 Percentage Change: + 0.21% Day High: 43.97 Day Low: 42.97

In the event of Lloyds Grp. enjoying further trades beyond 43.97, the sha ……..

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LSE:NWG Natwest Close Mid-Price: 249.3 Percentage Change: -0.12% Day High: 251.6 Day Low: 246.1

Continued trades against NWG with a mid-price ABOVE 251.6 should improve ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 925.6 Percentage Change: + 13.99% Day High: 929.6 Day Low: 771.8

Target met. In the event of Ocado Plc enjoying further trades beyond 929. ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2120 Percentage Change: -1.40% Day High: 2200 Day Low: 2065

All Oxford Instruments needs are mid-price trades ABOVE 2200 to improve a ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 91.6 Percentage Change: + 2.56% Day High: 92.75 Day Low: 88.97

Continued trades against RR. with a mid-price ABOVE 92.75 should improve ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 220.2 Percentage Change: + 0.82% Day High: 221.6 Day Low: 217.7

Further movement against Sainsbury ABOVE 221.6 should improve acceleratio ……..

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

Will Lloyds Banking Group do party time?

#Brent #Stoxx50

Perhaps it’s a UK thing but at times, when “things” start to look optimistic, we automatically worry. It almost feels like a malevolent presence lurks above the UK markets (and country!), just waiting for sufficient number of folk to make a hopeful commitment, when suddenly it strikes with a massive ‘Gotcha, suckers’. This isn’t new, emphatically not a Brexit thing but instead, dates back to recovery from the financial crash bottom in 2009.

Over the years, we frequently moaned at the UK’s inability to recover from that particular hammering. Even in the USA, every now and then Bloomberg or The Wall St Journal lead with an editorial, asking “Are British Bank Shares Cheap?”, their puzzlement an ongoing question when they’ve witnessed US bank sector shares recover quite nicely. Invariably, each editorial ends with quiet muttering, along with a suggestion to review German financial sector shares.

However, perhaps it’s about time to load a party popper, maybe even invest in a bottle of fizzy water. By our standards, this may prove quite a big deal.

When we previously ran analysis on Lloyds, we suggested it needed close a session above 43.5p to give hope for the future. On Friday 11th November, it closed at a majestic 43.515p, this break above our trigger level providing oodles of reason to drool about the immediate future. Additionally, the share price has closed above the critical level of trend break (circled) from 28th September this year, something which is meaningless to most sane folk but we regard as a pretty big deal. At least, it usually is, if we pretend politics, wars, pandemics, don’t happen.

 

The immediate situation suggests movement continuing above 44p should make an attempt at 46.2p next with our realistic secondary calculation, if such a level is exceeded, works out at a viable looking 48.8p. This secondary is quite a big deal as, for the longer term, closure above such a level will make a future 59.7p a logical ambition.

If trouble in planned, the share price requires slump below 40.8p as this risks triggering reversal to 38.8p with secondary, if broken, a potential bottom around 35p. Thus far, the share price has ticked two boxes suggesting reversal isn’t currently looming above the share.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:58:07PM BRENT 95.28 92.57 91.46 88.92 93.77 96.25 96.965 98.91 94.4
7:51:50PM GOLD 1767.95
7:55:18PM FTSE 7337.39 ‘cess
7:59:29PM STOX50 3893.2 3853 3838 3819 3878 3896 3902 3917 3865
8:03:27PM GERMANY 14315 ‘cess
8:13:12PM US500 4001.32 ‘cess
8:24:28PM DOW 33786 ‘cess
8:26:14PM NASDAQ 11840 Success
8:31:08PM JAPAN 28119 Success

 

11/11/2022 FTSE Closed at 7318 points. Change of -0.77%. Total value traded through LSE was: £ 7,142,834,234 a change of 9.63%
10/11/2022 FTSE Closed at 7375 points. Change of 1.08%. Total value traded through LSE was: £ 6,515,510,532 a change of 60.71%
9/11/2022 FTSE Closed at 7296 points. Change of -0.14%. Total value traded through LSE was: £ 4,054,252,272 a change of -13.25%
8/11/2022 FTSE Closed at 7306 points. Change of 0.1%. Total value traded through LSE was: £ 4,673,301,102 a change of -8.96%
7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%
4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%
3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SRP Serco** **

********

Updated charts published on : Aston Martin, Asos, Barclays, Barrett Devs, Carnival, Centamin, Darktrace Plc, ECO (Atlantic) O & G, MAN, EasyJet, Fresnillo, Hikma, Hargreaves Lansdown, British Airways, IG Group, IQE, ITM Power, Intertek, ITV, Just Eat, Marks and Spencer, Natwest, Ocado Plc, Oxford Instruments, Primary Health, Scottish Mortgage Investment Trust, Serco,

LSE:AML Aston Martin. Close Mid-Price: 158.7 Percentage Change: + 5.80% Day High: 158.6 Day Low: 147

Target met. Further movement against Aston Martin ABOVE 158.6 should impr ……..

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LSE:ASC Asos. Close Mid-Price: 788 Percentage Change: + 13.38% Day High: 794.5 Day Low: 698.5

Target met. In the event of Asos enjoying further trades beyond 794.5, th ……..

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LSE:BARC Barclays. Close Mid-Price: 158.22 Percentage Change: + 0.78% Day High: 159.58 Day Low: 156.48

Target met. All Barclays needs are mid-price trades ABOVE 159.58 to impro ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 411.2 Percentage Change: -0.27% Day High: 417.9 Day Low: 408.6

Continued trades against BDEV with a mid-price ABOVE 417.9 should improve ……..

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LSE:CCL Carnival. Close Mid-Price: 768.8 Percentage Change: + 4.48% Day High: 784.4 Day Low: 746.2

All Carnival needs are mid-price trades ABOVE 784.4 to improve accelerati ……..

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LSE:CEY Centamin. Close Mid-Price: 104.25 Percentage Change: + 1.21% Day High: 106.15 Day Low: 103.1

Continued trades against CEY with a mid-price ABOVE 106.15 should improve ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 395.9 Percentage Change: + 4.82% Day High: 401.5 Day Low: 380

Further movement against Darktrace Plc ABOVE 401.5 should improve acceler ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 44.25 Percentage Change: + 3.51% Day High: 44.25 Day Low: 43.25

Continued trades against ECO with a mid-price ABOVE 44.25 should improve ……..

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LSE:EMG MAN Close Mid-Price: 216.4 Percentage Change: -4.08% Day High: 229.8 Day Low: 217.8

Further movement against MAN ABOVE 229.8 should improve acceleration towa ……..

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LSE:EZJ EasyJet. Close Mid-Price: 412.5 Percentage Change: + 3.15% Day High: 414.6 Day Low: 403.7

All EasyJet needs are mid-price trades ABOVE 414.6 to improve acceleratio ……..

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LSE:FRES Fresnillo. Close Mid-Price: 866.2 Percentage Change: + 1.43% Day High: 876.6 Day Low: 836

Continued trades against FRES with a mid-price ABOVE 876.6 should improve ……..

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LSE:HIK Hikma. Close Mid-Price: 1387 Percentage Change: + 3.93% Day High: 1400.5 Day Low: 1335

Further movement against Hikma ABOVE 1400.5 should improve acceleration t ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 934.6 Percentage Change: + 4.85% Day High: 941.2 Day Low: 895.2

In the event of Hargreaves Lansdown enjoying further trades beyond 941.2, ……..

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LSE:IAG British Airways. Close Mid-Price: 137.74 Percentage Change: + 0.82% Day High: 140.38 Day Low: 136.62

Target met. Continued trades against IAG with a mid-price ABOVE 140.38 sh ……..

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LSE:IGG IG Group. Close Mid-Price: 816.5 Percentage Change: + 0.37% Day High: 828.5 Day Low: 813

In the event of IG Group enjoying further trades beyond 828.5, the share ……..

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LSE:IQE IQE. Close Mid-Price: 48.65 Percentage Change: + 1.25% Day High: 49.55 Day Low: 47.45

All IQE needs are mid-price trades ABOVE 49.55 to improve acceleration to ……..

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LSE:ITM ITM Power Close Mid-Price: 102.4 Percentage Change: -0.92% Day High: 110 Day Low: 97.24

Continued trades against ITM with a mid-price ABOVE 110 should improve th ……..

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LSE:ITRK Intertek. Close Mid-Price: 4037 Percentage Change: + 0.50% Day High: 4066 Day Low: 3965

Further movement against Intertek ABOVE 4066 should improve acceleration ……..

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LSE:ITV ITV. Close Mid-Price: 77.78 Percentage Change: + 7.64% Day High: 77.26 Day Low: 72.16

Target met. In the event of ITV enjoying further trades beyond 77.26, the ……..

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LSE:JET Just Eat. Close Mid-Price: 2032.5 Percentage Change: + 3.53% Day High: 2110 Day Low: 1991

All Just Eat needs are mid-price trades ABOVE 2110 to improve acceleratio ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 124.7 Percentage Change: + 3.92% Day High: 126.2 Day Low: 120

Continued trades against MKS with a mid-price ABOVE 126.2 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 249.6 Percentage Change: + 4.00% Day High: 250.7 Day Low: 239.5

All Natwest needs are mid-price trades ABOVE 250.7 to improve acceleratio ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 812 Percentage Change: + 13.85% Day High: 812.8 Day Low: 715.4

Further movement against Ocado Plc ABOVE 812.8 should improve acceleratio ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2150 Percentage Change: + 4.37% Day High: 2195 Day Low: 2095

Target met. Further movement against Oxford Instruments ABOVE 2195 should ……..

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LSE:PHP Primary Health Close Mid-Price: 117.7 Percentage Change: -2.00% Day High: 122.2 Day Low: 117.8

In the event of Primary Health enjoying further trades beyond 122.2, the ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 817.8 Percentage Change: + 2.22% Day High: 824.2 Day Low: 802.4

All Scottish Mortgage Investment Trust needs are mid-price trades ABOVE 8 ……..

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LSE:SRP Serco Close Mid-Price: 163.7 Percentage Change: -3.54% Day High: 172.2 Day Low: 161.8

Continued trades against SRP with a mid-price ABOVE 172.2 should improve ……..

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

Our famed FTSE for Friday

#Nasdaq #FTSE

It remains extremely possible the markets, thankfully including the UK, are continuing to exhibit signs of a rally. Unheard of numbers from the USA made themselves apparent on Thursday with the Nasdaq up 7.5%, the S&P 500 up 5.5%, and sober Wall St climbing by 3.7%.  In Europe, the FTSE managed 1.1%, pretty pathetic when viewed against Germany at plus 3.5% and the Euro Stoxx 50 also up by 3.2%.

All this largess was blamed on better than expected inflation figures and it looks very like this positive behaviour shall continue, hopefully until the Nasdaq attains around 12400 points while the DAX admires the scenery around 14900 points. Even Wall St presents a strong argument favouring a path to an eventual 36100 points before some serious hesitation is expected. All things considered, it’s probably the case politicians now feel primed to say or do something exceptionally stupid.

We’ve mentioned repeatedly the phenomena of shares or index’ behaving strongly, when they exceed the level of a prior break of a major trend. It’d be naive to think the gains are anything to do with charts themselves, instead it must be remembered “all” a chart is measuring is the level of confidence from investors. This particular chart signal is pretty important, giving a solid clue of assurance & spirit coming back into the marketplace.

Or perhaps it’s just the case folk in the UK are getting fed up with the revolving door in Downing St and seeking light relief elsewhere.

 

For the FTSE, our previous Big Picture potential remains at 7467 points, an ambition which is obviously very close to the current market level. We still suspect the index shall experience some hesitation at such a point.

Near term, movement above 7406 points calculates with the potential of a lift to 7465 points, effectively hitting our Big Picture target mooted a week ago. We can give a secondary, calculating at an astounding 7756 points. Normally we’d cheerfully ridicule such an ambition for a single day buy given market strengths elsewhere, who knows? Maybe the FTSE shall produce a little miracle. Currently the FTSE needs slither below 7300 to rain on the parade, a wide stop loss level but we’d prefer it wider at 7250 points!

 

Our converse scenario, should the FTSE manage to wander below 7285 points risks pushing reversal to an initial 7187 points with secondary, if broken, at 7116 points. At time of writing, absolutely nothing suggests such a calamity.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:59:35PM BRENT 92.77 91.13 90.39 92.4 93.73 94.21 92.67
10:01:17PM GOLD 1756 1701 1676 1722 1757 1777 1732 Success
10:03:02PM FTSE 7398.9 7249 7187 7299 7403 7424 7343 ditto
10:08:36PM STOX50 3869.9 3824 3805 3843 3870 3901 3792 ditto
10:10:42PM GERMANY 14242.3 14083 14027 14158 14243 14273 14134 ditto
10:12:55PM US500 3968.42 3887 3861 3928 3969 3982 3906 ditto
10:55:01PM DOW 33820 33200 32998 33498 33821 33863 33251 ditto
10:57:44PM NASDAQ 11668 11237 11148 11426 11675 11707 11580 ditto
11:00:16PM JAPAN 27962 27719 27699 27833 27977 28166 27830 ditto

 

10/11/2022 FTSE Closed at 7375 points. Change of 1.08%. Total value traded through LSE was: £ 6,515,510,532 a change of 60.71%
9/11/2022 FTSE Closed at 7296 points. Change of -0.14%. Total value traded through LSE was: £ 4,054,252,272 a change of -13.25%
8/11/2022 FTSE Closed at 7306 points. Change of 0.1%. Total value traded through LSE was: £ 4,673,301,102 a change of -8.96%
7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%
4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%
3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%
2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

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:ASC Asos** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:PHP Primary Health** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:SRP Serco** **

********

Updated charts published on : Applied Graphene, Aston Martin, Asos, Barclays, Barrett Devs, Carnival, Centamin, Darktrace Plc, MAN, Experian, Firstgroup, Fresnillo, British Airways, Igas Energy, IG Group, IQE, ITM Power, Intertek, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Primary Health, Rolls Royce, Scancell, Serco,

LSE:AGM Applied Graphene Close Mid-Price: 4.3 Percentage Change: -20.37% Day High: 5.47 Day Low: 4.3

Ongoing trouble below 4.3 indicates 1.5 next with secondary, if broken, an ……..

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LSE:AML Aston Martin. Close Mid-Price: 150 Percentage Change: + 4.90% Day High: 151.6 Day Low: 142

Now above 151.6 looks capable of 153 next with secondary, if beaten, at a ……..

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LSE:ASC Asos. Close Mid-Price: 695 Percentage Change: + 4.12% Day High: 710.5 Day Low: 643

Further movement against Asos ABOVE 711 should improve acceleration toward ……..

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LSE:BARC Barclays. Close Mid-Price: 157 Percentage Change: + 1.68% Day High: 157.46 Day Low: 153

Continued trades against BARC with a mid-price ABOVE 157.5 should improve ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 412.3 Percentage Change: + 5.85% Day High: 413 Day Low: 385.7

Target Met. Now above 414 gives the potential of gains in the direction of ……..

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LSE:CCL Carnival. Close Mid-Price: 735.8 Percentage Change: + 6.95% Day High: 736.8 Day Low: 670.4

Target Met. Now above 737 gives the potential of movement to 800 next with ……..

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LSE:CEY Centamin. Close Mid-Price: 103 Percentage Change: + 4.27% Day High: 103.6 Day Low: 98.4

Target Met. Now above 104 hints at recovery to 109 next with secondary, if ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 377.7 Percentage Change: + 4.42% Day High: 383.1 Day Low: 349.7

Darktrace Plc needs mid-price trades ABOVE 384 to improve acceleration tow ……..

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LSE:EMG MAN. Close Mid-Price: 225.6 Percentage Change: + 5.42% Day High: 227.2 Day Low: 212.2

MAN needs mid-price trades ABOVE 228 to improve acceleration toward an ini ……..

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LSE:EXPN Experian. Close Mid-Price: 2958 Percentage Change: + 6.86% Day High: 2980 Day Low: 2710

Further movement against Experian ABOVE 2980 should improve acceleration t ……..

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LSE:FGP Firstgroup Close Mid-Price: 93.55 Percentage Change: -2.86% Day High: 96.05 Day Low: 89.55

Target Met. Weakness now below 89.5 indicates coming reversal to 87 with s ……..

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LSE:FRES Fresnillo. Close Mid-Price: 854 Percentage Change: + 3.97% Day High: 858.6 Day Low: 797.8

Target Met. Now above 859 should prove capable of triggering a cycle to 88 ……..

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LSE:IAG British Airways. Close Mid-Price: 136.62 Percentage Change: + 5.11% Day High: 136.58 Day Low: 129.12

Target Met. In the event of British Airways enjoying further trades beyon ……..

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LSE:IGAS Igas Energy Close Mid-Price: 23.7 Percentage Change: -4.44% Day High: 24.2 Day Low: 23

Continued weakness against IGAS taking the price below 23 calculates as le ……..

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LSE:IGG IG Group. Close Mid-Price: 813.5 Percentage Change: + 3.70% Day High: 815.5 Day Low: 778

Further movement against IG Group ABOVE 816 should improve acceleration to ……..

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LSE:IQE IQE. Close Mid-Price: 48.05 Percentage Change: + 5.03% Day High: 48.25 Day Low: 45

Further movement against IQE ABOVE 48.3 should maintain acceleration towar ……..

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LSE:ITM ITM Power. Close Mid-Price: 103.35 Percentage Change: + 16.12% Day High: 106.1 Day Low: 86.92

Now above 107 hints at the potential of 120 next with secondary, if better ……..

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LSE:ITRK Intertek. Close Mid-Price: 4017 Percentage Change: + 3.64% Day High: 4052 Day Low: 3815

Target Met. Starting to look encouraging, above 4052 should now trigger fu ……..

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LSE:JET Just Eat. Close Mid-Price: 1963.2 Percentage Change: + 8.34% Day High: 1957.8 Day Low: 1807.6

Target Met. Oomph above 1958 expects a visit to 2128 with our secondary, i ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 120 Percentage Change: + 6.10% Day High: 120.4 Day Low: 108.05

In the event of Marks and Spencer enjoying further trades beyond 121, the ……..

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LSE:NG. National Glib. Close Mid-Price: 1018 Percentage Change: + 3.18% Day High: 1023.5 Day Low: 980.2

Continued trades against NG. with a mid-price ABOVE 1024 should improve th ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 713.2 Percentage Change: + 6.70% Day High: 714.8 Day Low: 648

Target Met. Continued trades against OCDO with a mid-price ABOVE 715 shoul ……..

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LSE:PHP Primary Health. Close Mid-Price: 120.1 Percentage Change: + 5.07% Day High: 120.8 Day Low: 113

Above 121 still looks capable of recovery to an initial 123 with secondary ……..

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LSE:RR. Rolls Royce Close Mid-Price: 85.96 Percentage Change: -3.00% Day High: 90.27 Day Low: 86.22

Above 91 suggests the potential of recovery to an initial 97p next with se ……..

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LSE:SCLP Scancell. Close Mid-Price: 19 Percentage Change: + 0.00% Day High: 20.75 Day Low: 19

In the event of Scancell enjoying further trades beyond 20.75, the share s ……..

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LSE:SRP Serco. Close Mid-Price: 169.7 Percentage Change: + 4.62% Day High: 170.4 Day Low: 163.2

Target Met. Price movements above 171 now indicate the potential of furthe ……..

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