Lloyds Bank, will it dance. Ever?

#DAX #Brent About the only word which can be fairly used to describe Lloyds share price movements is “grudgingly”. Three weeks ago, we gave criteria which argued for a cycle commencing which would take the share price up to 47.7p. The period since saw our criteria trigger, the share price mesmerically gaining a magical 2.06p in the process, soaring above our 43.8 trigger level to reach a high of 45.86p. Movements are not impressive and there are signs the market is getting frustrated also.

Last week, the market opted to “gap” Lloyds share price up at the open (circled), doubtless due to news of the bank profits soaring, news which was echoed across Europe with several other banks reaping a Covid19 dividend. Equally, we find it interesting Lloyds are reporting success with its Lockdown Homeworking, productivity not hampered despite corporate offices remaining empty. This experience must surely make many landlords look nervously at renewal dates for corporate clients, making us wonder if the ultimate future for Canary Warf shall be transition into a soul-less housing estate rather than a soul-less financial centre!

 

We’re still banging a drum which favours price recovery toward 47.7p next with secondary, if exceeded, calculating at 55p. If opting to play safe, movements next above 45.86p should herald continue slow recovery to our target level. There’s a reasonable chance of some hesitation around the 50p level on the way up, this particular number perhaps proving to be one of these things called a ‘psychological barrier’, maybe even believable as many traders will tend distrust the glacial pace with which the price is moving. Arithmetically, we lack reasons to anticipate issues at the 50p level, but suspect nerves shall play their part in slowing things down.

For it all to go very wrong, Lloyds share price now needs weaken below 37p to provoke outright panic.  Visually, we’d raise an eyebrow even with weakness below 44p as this risks a retreat below the Blue downtrend. While this would not crush hopes for the future, such a movement would tend confirm the slow pace of travel is expected to continue.

*** When we covered Lloyds 3 weeks ago, our gobs were smacked when readers discovered Google were placing interesting adverts on our blog, opting to view some. It remains a huge “thanks” incident, something we’re rather chuffed about.

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Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:43:59PM BRENT 47.69 66.02 65.625 64.92 67.05 67.74 68.12 68.94 67.16 Success
9:46:28PM GOLD 1793.13
10:06:09PM FTSE 6995.71
10:09:03PM FRANCE 6315.5 Success
10:11:07PM GERMANY 15246 15105 15069.5 15004 15185 15269 15301 15370 15202 ‘cess
10:12:15PM US500 4190.07
10:14:02PM DOW 34109 Success
10:16:36PM NASDAQ 13798
10:18:36PM JAPAN 29059 ‘cess
30/04/2021 FTSE Closed at 6969 points. Change of 0.11%. Total value traded through LSE was: £ 6,485,673,817 a change of 11.9%
29/04/2021 FTSE Closed at 6961 points. Change of -0.03%. Total value traded through LSE was: £ 5,795,996,815 a change of 1.77%
28/04/2021 FTSE Closed at 6963 points. Change of 0.27%. Total value traded through LSE was: £ 5,695,013,979 a change of 9.25%
27/04/2021 FTSE Closed at 6944 points. Change of -0.27%. Total value traded through LSE was: £ 5,212,742,605 a change of 17.08%
26/04/2021 FTSE Closed at 6963 points. Change of 0.36%. Total value traded through LSE was: £ 4,452,134,004 a change of -2.38%
23/04/2021 FTSE Closed at 6938 points. Change of 0%. Total value traded through LSE was: £ 4,560,582,809 a change of -19.42%
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%

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

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

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

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

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

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:EME Empyrean** **LSE:FRES Fresnillo** **LSE:HL. Hargreaves Lansdown** **LSE:HUR Hurrican Energy** **LSE:IPF International Personal Finance** **LSE:PPC President Energy** **LSE:RR. Rolls Royce** **

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Updated charts published on : Empyrean, Fresnillo, Hargreaves Lansdown, Hurrican Energy, International Personal Finance, President Energy, Rolls Royce,

LSE:EMELSE:EME Empyrean. Close Mid-Price: 6.6 Percentage Change: + 3.94% Day High: 6.75 Day Low: 6.35

Continued trades against EME with a mid-price ABOVE 6.75 should improve t ……..

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LSE:FRES Fresnillo Close Mid-Price: 823.6 Percentage Change: -0.82% Day High: 839.2 Day Low: 820.2

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LSE:HL.LSE:HL. Hargreaves Lansdown. Close Mid-Price: 1719.5 Percentage Change: + 3.12% Day High: 1722.5 Day Low: 1667

In the event of Hargreaves Lansdown enjoying further trades beyond 1722.5 ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 1.12 Percentage Change: -51.30% Day High: 2.35 Day Low: 1.02

Target met. Weakness on Hurricane Energy below 1.02 will invariably lead ……..

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LSE:IPF International Personal Finance Close Mid-Price: 127.6 Percentage Change: -0.78% Day High: 131.8 Day Low: 124.4

Target met. All International Personal Finance needs are mid-price trades ……..

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LSE:PPCLSE:PPC President Energy. Close Mid-Price: 2.6 Percentage Change: + 4.00% Day High: 2.62 Day Low: 2.5

Further movement against President Energy ABOVE 2.62 should improve accel ……..

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LSE:RR.LSE:RR. Rolls Royce. Close Mid-Price: 104.62 Percentage Change: + 2.55% Day High: 105.44 Day Low: 101.46

Weakness on Rolls Royce below 101.46 will invariably lead to 96p will pre ……..

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

Our popular FTSE for FRIDAY & BNP Paribas too!

#FTSE #Nasdaq Frustration at lack of action in the UK financial sector made us curious as to how things are going in Europe. The worlds 8th largest bank, Banque Nationale de Paris (BNP), is an obvious contender, their share price threatening to exceed the high before Covid-19 fouled up the markets. As both the Stoxx 50 and the CAC40 already have exceeded this benchmark, our suspicion is for financial elements to follow, leaving the UK even further behind.

For BNP, it closed Thursday at 53.83, a tiny amount below the critical 54.18 closing trigger we’re hoping for. Perhaps this shall not prove a big deal, the share price only needing trade above Thursdays day high of 54.58 to hopefully point at near term traffic in the direction of 56.12. Our inclination will be to view 56.12 as significant as the Green line on the chart explains. Reaching this level shall provide a solid definition of “higher high”, launching the share price into a region where a longer term cycle toward 60.62 is believable. In this instance, we can also give a 3rd level target at 67 Euro, an ambition which is visually believable.

If BNP intend go horribly wrong, the share price requires below 45.6, but only if it intends emulate UK banks by languishing in the gutter of despair. We’re inclined toward some hope.

Hey, chart goes here

FTSE for FRIDAY With spectacular levels of misplaced optimism, we started April by speculating whether the FTSE would follow the French model, maybe commencing a lunge toward the pre-Covid highs of 2020. The core element for this belief was an expectation the UK would doubtless mess around for a few weeks before finally heading north, perhaps with the FTSE experiencing an 8% gain in the process. At time of writing, the FTSE is at 6,961 points. When we wrote our gullible article (link), it was at 6,942 points. By our calculations, a 19 point movement on the FTSE is rather a lot less than an 8% gain and we’re not amused. Self defence demands we admit timeframes are rarely a strong suit, when applied to stock markets but we’d hoped for something more substantial in the way of a rise. The present situation demands the FTSE CLOSE above 7052 points before we dare believe any gains are being made with integrity.

From a near term viewpoint, the FTSE needs exceed 7025 points and this should trigger positive in the direction of 7052 points with secondary, if exceeded, calculating at 7092 points. If triggered, the tightest stop looks painfully wide at 6955 points.

Alternately and alas, more likely, is the risk travel below 6952 shall now provoke reversals to an initial 6910 points with secondary, if broken, working out at 6859 points.

*** As always, our thanks to those who find the adverts on this page sufficiently fascinating to visit. Rather nicely, it is paying for coffee beans.

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:19:16PM BRENT 68.03 67.12 66.785 67.97 68.43 68.775 67.54 Success
10:30:25PM GOLD 1772.28 1755 1751 1770 1782 1785 1772 Success
10:33:17PM FTSE 6966 6938 6932.5 6975 7018 7039 6968 Success
10:38:52PM FRANCE 6317 6278 6270.5 6305 6350 6363.5 6325 Success
10:43:16PM GERMANY 15180 15147 15097.5 15204 15241 15259.5 15180 Shambles
10:46:27PM US500 4206.77 4174 4160 4210 4217 4223.75 4185 “”
10:49:34PM DOW 34038 33983 33963.5 34059 34082 34142.5 33928 “”
10:52:08PM NASDAQ 13958 13829 13808.5 13923 14041 14114.25 13900 “”
10:54:12PM JAPAN 29006 28844 28770 28990 29142 29198 29051 “”
29/04/2021 FTSE Closed at 6961 points. Change of -0.03%. Total value traded through LSE was: £ 5,795,996,815 a change of 1.77%
28/04/2021 FTSE Closed at 6963 points. Change of 0.27%. Total value traded through LSE was: £ 5,695,013,979 a change of 9.25%
27/04/2021 FTSE Closed at 6944 points. Change of -0.27%. Total value traded through LSE was: £ 5,212,742,605 a change of 17.08%
26/04/2021 FTSE Closed at 6963 points. Change of 0.36%. Total value traded through LSE was: £ 4,452,134,004 a change of -2.38%
23/04/2021 FTSE Closed at 6938 points. Change of 0%. Total value traded through LSE was: £ 4,560,582,809 a change of -19.42%
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%

 

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:EME Empyrean** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:QFI Quadrise** **LSE:SCLP Scancell** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **

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Updated charts published on : BALFOUR BEATTY, Bahamas Pet, British Telecom, Empyrean, Fresnillo, HSBC, Hurrican Energy, British Airways, International Personal Finance, Lloyds Grp., Quadrise, Scancell, Standard Chartered, Tullow,

LSE:BBY BALFOUR BEATTY Close Mid-Price: 317 Percentage Change: -1.18% Day High: 326.8 Day Low: 316

All BALFOUR BEATTY needs are mid-price trades ABOVE 326.8 to improve acce ……..

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LSE:BPCLSE:BPC Bahamas Pet. Close Mid-Price: 0.36 Percentage Change: + 2.43% Day High: 0.38 Day Low: 0.32

Weakness on Bahamas Pet below 0.32 will invariably lead to 0.31 with seco ……..

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LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 163.8 Percentage Change: + 2.47% Day High: 164.7 Day Low: 161.15

Continued trades against BT.A with a mid-price ABOVE 164.7 should improve ……..

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LSE:EMELSE:EME Empyrean. Close Mid-Price: 6.35 Percentage Change: + 13.39% Day High: 6.5 Day Low: 5.6

Target met. Further movement against Empyrean ABOVE 6.5 should improve ac ……..

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LSE:FRES Fresnillo Close Mid-Price: 830.4 Percentage Change: -2.33% Day High: 868 Day Low: 825.2

Continued weakness against FRES taking the price below 825.2 calculates a ……..

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LSE:HSBALSE:HSBA HSBC. Close Mid-Price: 454.3 Percentage Change: + 2.47% Day High: 458.95 Day Low: 444

Further movement against HSBC ABOVE 458.95 should improve acceleration to ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 2.3 Percentage Change: -2.13% Day High: 2.47 Day Low: 2.25

Target met. In the event Hurrican Energy experiences weakness below 2.25 ……..

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LSE:IAG British Airways Close Mid-Price: 201.45 Percentage Change: -0.64% Day High: 205.5 Day Low: 198.24

Quite absurdly, after 2 months, this has effectively done nothing and if I ……..

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LSE:IPFLSE:IPF International Personal Finance. Close Mid-Price: 128.6 Percentage Change: + 6.28% Day High: 129.6 Day Low: 122.8

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

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LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 45.45 Percentage Change: + 0.78% Day High: 45.86 Day Low: 45

In the event of Lloyds Grp. enjoying further trades beyond 45.86, the sha ……..

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LSE:QFILSE:QFI Quadrise. Close Mid-Price: 5.7 Percentage Change: + 8.57% Day High: 5.98 Day Low: 5.36

Target met. All Quadrise needs are mid-price trades ABOVE 5.98 to improve ……..

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LSE:SCLP Scancell Close Mid-Price: 20.6 Percentage Change: -4.19% Day High: 21.25 Day Low: 19.75

In the event Scancell experiences weakness below 19.75 it calculates with ……..

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LSE:STANLSE:STAN Standard Chartered. Close Mid-Price: 521.6 Percentage Change: + 5.63% Day High: 533.2 Day Low: 498

Further movement against Standard Chartered ABOVE 533.2 should improve ac ……..

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LSE:TLWLSE:TLW Tullow. Close Mid-Price: 56.18 Percentage Change: + 13.11% Day High: 57.72 Day Low: 50.52

Further movement against Tullow ABOVE 57.72 should improve acceleration t ……..

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

Woodbois Ltd, a growing prospect?

#SP500 #WallSt An email asking our thoughts on Woodbois couldn’t be ignored. Anything relating to timber fascinates, perhaps due to our exploits with a chainsaw constantly proving there is some skill in tree butchery, skill which proved completely absent last weekend. Following instructions from the chainsaw owners manual, a 40 foot Holly tree was felled, quite dramatically. Falling the wrong way, a restraint rope ensured the trees final murderous ambitions were spoiled. Unfortunately, the rope also allowed the dead tree to pivot 180 degrees in mid-air, looking very like it intended replant itself the wrong way up. We didn’t see what happened next, being rather busy running away, but somehow, the thing fell exactly where it was supposed to.

The problem had been caused by a rotten section at the bottom of the trunk and as the tree weight moved, this section immediately imploded. How we laughed…

 

To judge by Woodbois website, they foolishly don’t use software designers nor surveyors to work their timber. Instead, this Africa focused timber specialist employ folk who know what they’re doing, sourcing sustainable timber for supply to an international customer base. Recent share price movements tend suggest some recovery is probable, especially as the share in now trading above the pre-Covid19 high, something we’re inclined to view optimistically as it generally bodes well for the future.

As a relevant aside, the chum assisting with the tree incident is a surveyor, choosing to visit to ‘have some fun’ as he’s battling a full diary of work, due to the building and construction industries clearly making plans for the future. Historically, we’ve found the level of work he faces tends provide a useful barometer for market direction. When he’s busy, the markets tend head up!

Presently trading around 6.9p, Woodbois need only exceed 7p to suggest near term travel to an initial 8p. If exceeded, our longer term secondary is slightly confusing at either 9.5p or 10.5p. The culprit for this confusion is circled in Red on the chart, an illogical manipulation gap in July of last year. Visually, an attempt at the 10.5p level makes some sense thanks to previous share price hesitation back in 2018.

For things to go horribly wrong, the share price needs relax below 4.8p as this introduces the potential of a visit to 3p eventually.

Remember, our thanks if you feel any adverts on this page are worth a visit.

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
10:01:17PM BRENT 66.59 Success
10:03:45PM GOLD 1781.96 Success
10:26:51PM FTSE 6968 Shambles
10:36:26PM FRANCE 6301 Success
10:41:48PM GERMANY 15303 Success
10:43:52PM US500 4192 4180 4174 4165 4195 4201 4210.5 4223 4181 ‘cess
10:46:44PM DOW 33814 33791 33760 33682 33901 33969 34026 34104 33879 ‘cess
10:48:55PM NASDAQ 13984 ‘cess
10:51:43PM JAPAN 28939 Shambles
28/04/2021 FTSE Closed at 6963 points. Change of 0.27%. Total value traded through LSE was: £ 5,695,013,979 a change of 9.25%
27/04/2021 FTSE Closed at 6944 points. Change of -0.27%. Total value traded through LSE was: £ 5,212,742,605 a change of 17.08%
26/04/2021 FTSE Closed at 6963 points. Change of 0.36%. Total value traded through LSE was: £ 4,452,134,004 a change of -2.38%
23/04/2021 FTSE Closed at 6938 points. Change of 0%. Total value traded through LSE was: £ 4,560,582,809 a change of -19.42%
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:EXPN Experian** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:QFI Quadrise** **LSE:TLW Tullow** **LSE:TSCO Tesco** **

********

Updated charts published on : BALFOUR BEATTY, British Telecom, Carclo, Experian, Fresnillo, Genel, Hikma, Hargreaves Lansdown, Lloyds Grp., Natwest, Quadrise, Tullow, Tesco,

LSE:BBY BALFOUR BEATTY Close Mid-Price: 320.8 Percentage Change: -0.62% Day High: 325.8 Day Low: 315.2

Target met. Further movement against BALFOUR BEATTY ABOVE 325.8 should im ……..

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LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 159.85 Percentage Change: + 0.79% Day High: 160.55 Day Low: 158.7

All British Telecom needs are mid-price trades ABOVE 160.55 to improve ac ……..

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LSE:CARLSE:CAR Carclo. Close Mid-Price: 41.4 Percentage Change: + 3.50% Day High: 42.8 Day Low: 40.3

Target met. In the event of Carclo enjoying further trades beyond 42.8, t ……..

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LSE:EXPN Experian Close Mid-Price: 2786 Percentage Change: -0.36% Day High: 2808 Day Low: 2772

All Experian needs are mid-price trades ABOVE 2808 to improve acceleratio ……..

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LSE:FRES Fresnillo Close Mid-Price: 850.2 Percentage Change: -4.11% Day High: 876.8 Day Low: 847.4

Weakness on Fresnillo below 847.4 will invariably lead to 758 with second ……..

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LSE:GENL Genel Close Mid-Price: 163 Percentage Change: -0.49% Day High: 166.4 Day Low: 162.2

This is on the edge of nasty thanks to movement below 158 risking a trigge ……..

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LSE:HIKLSE:HIK Hikma. Close Mid-Price: 2325 Percentage Change: + 0.17% Day High: 2330 Day Low: 2295

This is still feeling a bit odd as weakness now below 2295 points at 2252 ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 1626.5 Percentage Change: -1.42% Day High: 1663.5 Day Low: 1621.5

Continued travels below 1620 now suggest a drop to an initial 1576. If bro ……..

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LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 45.1 Percentage Change: + 3.51% Day High: 45.72 Day Low: 44.48

Continued trades against LLOY with a mid-price ABOVE 45.72 should improve ……..

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LSE:NWGLSE:NWG Natwest. Close Mid-Price: 203.5 Percentage Change: + 1.19% Day High: 208.3 Day Low: 202.1

Target met. Further movement against Natwest ABOVE 208.3 should improve a ……..

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LSE:QFILSE:QFI Quadrise. Close Mid-Price: 5.25 Percentage Change: + 14.50% Day High: 5.58 Day Low: 4.7

Target met. Continued trades against QFI with a mid-price ABOVE 5.58 shou ……..

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LSE:TLWLSE:TLW Tullow. Close Mid-Price: 49.67 Percentage Change: + 1.43% Day High: 50 Day Low: 48.4

This is refusing to be interesting but it only needs trade above 51.7p to ……..

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LSE:TSCO Tesco Close Mid-Price: 219.7 Percentage Change: -0.79% Day High: 223.2 Day Low: 219.65

If Tesco experiences continued weakness below 219.65, it will invariably ……..

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

Flight & International Consolidated Airlines (aka British Airways)

#FTSE #Nasdaq Lockdown brought the discovered joy of not needing to fly anywhere, grounding airline share prices. Further notable discoveries during this last year involved Parma Ham packaging and how to get dressed in the dark, just two things which shall be remembered once Lockdown becomes a memory and we’re again are forced to embrace the dubious pleasure of flying.

Getting dressed in the dark, aided by illumination from a mobile, became a feature when required to make video calls for international chats at stupid times. Eventually, it was noted the laundry label on t-shirts and sweaters is always located on the inner left hand seam of garments. Immediately, a fashion faux pas was avoided as it became impossible to wear t-shirts inside out or back to front, similarly with sweaters. For some reason, there’s always a member of the Zoom Stasi, eager to make a “funny comment” about getting dressed in the dark.

The Parma Ham incident, however, was probably something the rest of the world already knows. My wife has learned it’s best to say nothing about my antics when opening cooked meat packaging. Generally, a small kitchen knife is used to stab the package, then cut a flap. Lifting the flap allows the meat (or smoked salmon) to be removed and a quick sandwich assembled (we try to be sociable during video chats), essentially lunching together.

And then one day, the world changed.

The Parma Ham was laid flat, expecting its usual stabbing, when a feature of the plastic caught my eye. Printed on the packet were a series of lines on just one corner. Closer inspection (aka, reading glasses) revealed the edge could be pealed at this point, allowing the lid to be opened and resealed with ease. A quick glance at every similar plastic package led to the discovery of this being a standard thing, even available on packets of bacon and cheese slices.

I could now get dressed, even feed myself and it was all thanks to Lockdown…

 

Will the airline industry reveal any discoveries, once flying resumes? Or shall they continue treating paying customers as a necessary inconvenience. We suspect a charm offensive shall be employed, if only due to the number of surveys reporting extreme reticence about flying, despite immunisations. The airline industry believe it will be many, many years until they can return to their prior passenger levels and this degree of hesitation is illustrated with IAG’s share price movements.

Since breaking though its immediate downtrend back in March this year, any optimism which looked forward to a rise was dashed pretty swiftly, the share price opting to flounder around aimlessly for a couple of months. Worse, not only has it not gone up, the price managed to fall below the level of trend break and this is rarely a good sign. Instead, it tends indicate any historical trend shall be ignored until such time a good reason NOT to ignore it appears. With IAG, there’s been a solid fascination with the 200p trend break level and when we look back in time, this level has been fouling things up since Covid-19 hit at the start of last year.

Presently trading around 203p, the share price needs better 224p to allow hope for the future as we can calculate the potential of this triggering recovery to an initial 261p. If exceeded, we can even propose a longer term attraction lurking at 350p and with prior movement history, we suspect some hesitation at such a level.

There is a caveat we should mention, one which may prove important. If the market discovers reason to “gap” IAG share price upward by around 40p for whatever excuse, we shall take this as a signal the market intends the share price to start a strong recovery process. In such a scenario, we can suggest a Big Picture longer term ambition awaiting from 578p. Absolutely nothing suggests this scenario at present but there are quite a few airline industry shares which will require kick started to get them moving properly.

 

As always, we can present a converse scenario as the price needs break below Red on the chart, currently 183p, to justify concern as this triggering a descent to an initial 153p with our longer term secondary, if broken, working out at 107p and hopefully a proper bounce.

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:50:01PM BRENT 66.08 ‘cess
9:53:06PM GOLD 1777 ‘cess
9:56:08PM FTSE 6949 6926 6916 6896 6961 6976 6989 7039 6938
9:58:02PM FRANCE 6278.5
10:01:07PM GERMANY 15267 ‘cess
10:03:14PM US500 4187.22
10:08:49PM DOW 33914 ‘cess
10:11:10PM NASDAQ 13966 13945 13919 13872 14001 14060 14077 14200 13994
10:14:41PM JAPAN 28979 Success

 

 

27/04/2021 FTSE Closed at 6944 points. Change of -0.27%. Total value traded through LSE was: £ 5,212,742,605 a change of 17.08%
26/04/2021 FTSE Closed at 6963 points. Change of 0.36%. Total value traded through LSE was: £ 4,452,134,004 a change of -2.38%
23/04/2021 FTSE Closed at 6938 points. Change of 0%. Total value traded through LSE was: £ 4,560,582,809 a change of -19.42%
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%
19/04/2021 FTSE Closed at 7000 points. Change of -0.27%. Total value traded through LSE was: £ 5,222,332,197 a change of -24.15%

 

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:EXPN Experian** **LSE:GLEN Glencore Xstra** **LSE:ITV ITV** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **LSE:QFI Quadrise** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:WTG Watchstone** **

********

Updated charts published on : Bahamas Pet, British Telecom, Carclo, Experian, Glencore Xstra, ITV, Natwest, Omega Diags, Quadrise, Rolls Royce, Serco, Watchstone,

LSE:BPCLSE:BPC Bahamas Pet. Close Mid-Price: 0.38 Percentage Change: + 0.13% Day High: 0.39 Day Low: 0.37

In the event Bahamas Pet experiences weakness below 0.37 it calculates wi ……..

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LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 158.6 Percentage Change: + 1.31% Day High: 158.65 Day Low: 155.5

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LSE:CARLSE:CAR Carclo. Close Mid-Price: 40 Percentage Change: + 12.20% Day High: 40.8 Day Low: 33

Target met. All Carclo needs are mid-price trades ABOVE 40.8 to improve a ……..

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LSE:EXPNLSE:EXPN Experian. Close Mid-Price: 2796 Percentage Change: + 1.90% Day High: 2799 Day Low: 2734

Further movement against Experian ABOVE 2799 should improve acceleration ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 302.1 Percentage Change: -1.34% Day High: 308.8 Day Low: 300.65

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LSE:ITV ITV Close Mid-Price: 116.55 Percentage Change: -1.73% Day High: 119.1 Day Low: 115.55

Below 114 is starting to look troubling, risking triggering a cascade of r ……..

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LSE:NWGLSE:NWG Natwest. Close Mid-Price: 201.1 Percentage Change: + 1.21% Day High: 201.6 Day Low: 197.55

Target met. All Natwest needs are mid-price trades ABOVE 201.6 to improve ……..

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LSE:ODXLSE:ODX Omega Diags. Close Mid-Price: 74 Percentage Change: + 0.00% Day High: 74 Day Low: 65

Target met. If Omega Diags experiences continued weakness below 65, it wi ……..

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LSE:QFILSE:QFI Quadrise. Close Mid-Price: 4.58 Percentage Change: + 11.56% Day High: 4.56 Day Low: 4.32

Target met. Further movement against Quadrise ABOVE 4.56 should improve a ……..

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LSE:RR. Rolls Royce Close Mid-Price: 102.94 Percentage Change: -4.53% Day High: 107.76 Day Low: 103.18

It continues to feel odd, approaching RR share price with a sinking feelin ……..

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LSE:SRPLSE:SRP Serco. Close Mid-Price: 143.8 Percentage Change: + 1.70% Day High: 148.1 Day Low: 141.6

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LSE:WTG Watchstone Close Mid-Price: 50 Percentage Change: -4.76% Day High: 52 Day Low: 48

Weakness on Watchstone below 48 will invariably lead to 46 with secondary ……..

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

Kefi Gold & Copper & Triggers

Kefi Gold & Copper Plc (LSE:KEFI) Since reviewing this minor miner, Kefi, in 2020, their share price successfully achieved our initial target level of 2.5p but has yet to achieve our secondary ambition. If only due to their name change from Kefi Minerals to a focussed Kefi Gold & Copper, a further glance at the tea leaves should be justified, thanks to the share price essentially flatlining thus far in 2021. In fairness, this could even be a reflection on the price of Gold, thanks to the metal price not enjoying a particularly interesting start to 2021 with a fairly placid 200 dollar trading range.

Unfortunately, there’s a pretty convincing logic currently suggesting the price of Gold intends bottom around $1530 once it finds sufficient excuse. The metal requires exceed $1870 just to escape the trend and despite recent improvements in the price of Copper, we doubt these shall prove capable of offsetting a misbehaving Gold price. A glance at Kefi website remains full of optimism for forthcoming results both from Saudi Arabia and Ethiopia.

 

Our normal preference is to establish a “safe” trigger level when examining upward travel potentials but in the case of Kefi, the share price did something silly at the start of April, shown as an inset on the chart. This sort of confusion was interesting as it confirmed the validity of the Blue downtrend. The share surged above the trend, enjoyed a couple of days in the sun, then suddenly the market decided “nope” and on April 14th the price was gapped down below the ruling downtrend. At no time since has the share price been permitted to close a session above this trend, perhaps indicating trades above just 2.14p (the highest achieved since the price was forced down) shall suggest Kefi share price intends to go up with some integrity. Our “safe” trigger level is at 2.5p with a further trigger lurking at 2.97p for those who demand minimal levels of risk.

Visually, we’re inclined to treat 2.5p as the sensible trigger. Achieving a slight movement from current to above 2.14p risks another (very rare) false start.

Above 2.5p should commence movement to an initial 3.4p with secondary, if exceeded, calculating at 4p. The secondary is quite a big deal, placing the share firmly in a zone where positive news flow could easily allow a future 7p to make its presence felt.

When we previously reviewed this, we’d suggested movement below 1p would justify panic. The current situation paints a picture where below 1.4p presents itself as the panic level.

 

In summary, the share price movement highlighted on the chart below should prove interesting, both confirming a trend and confirming the market was not ready to let the price run free. Generally any second attempt upward will enjoy sharp and sudden price jumps. In plain English, it’s ‘fingers crossed’ time.

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:22:00PM BRENT 65.23
10:24:03PM GOLD 1781.61 1772 1767 1757 1782 1782 1786 1792 1774
10:26:17PM FTSE 6962.75 ‘cess
10:29:14PM FRANCE 6269 ‘cess
10:37:49PM GERMANY 15288 Shambles
10:40:12PM US500 4189.37 4171 4164.5 4155 4185 4193 4206 4234 4173
10:42:58PM DOW 33997 Shambles
10:45:07PM NASDAQ 14034.22 ‘cess
10:47:39PM JAPAN 29189 Success
26/04/2021 FTSE Closed at 6963 points. Change of 0.36%. Total value traded through LSE was: £ 4,452,134,004 a change of -2.38%
23/04/2021 FTSE Closed at 6938 points. Change of 0%. Total value traded through LSE was: £ 4,560,582,809 a change of -19.42%
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%
19/04/2021 FTSE Closed at 7000 points. Change of -0.27%. Total value traded through LSE was: £ 5,222,332,197 a change of -24.15%
16/04/2021 FTSE Closed at 7019 points. Change of 0.52%. Total value traded through LSE was: £ 6,885,119,827 a change of 21.21%

 

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLVN Bowleven** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:DDDD 4D Pharma** **LSE:ECO ECO (Atlantic) O & G** **LSE:FRES Fresnillo** **LSE:ITRK Intertek** **LSE:SPX Spirax** **LSE:WTG Watchstone** **

********

Updated charts published on : Barclays, BALFOUR BEATTY, Bowleven, British Telecom, Caspian, 4D Pharma, ECO (Atlantic) O & G, Fresnillo, Intertek, Spirax, Watchstone,

LSE:BARCLSE:BARC Barclays. Close Mid-Price: 186.08 Percentage Change: + 2.25% Day High: 186.56 Day Low: 180.38

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 319.4 Percentage Change: -0.19% Day High: 322.2 Day Low: 315.8

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LSE:BLVN Bowleven Close Mid-Price: 4.5 Percentage Change: -5.26% Day High: 4.75 Day Low: 4.5

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LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 156.55 Percentage Change: + 0.97% Day High: 157.1 Day Low: 153.85

This is making very nervous nudges upward, as if getting ready to move. It ……..

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LSE:CASP Caspian Close Mid-Price: 2.25 Percentage Change: -2.17% Day High: 2.3 Day Low: 2.25

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LSE:DDDD 4D Pharma Close Mid-Price: 111.8 Percentage Change: -0.53% Day High: 115.6 Day Low: 111.4

Another share on the “failure to launch” train, 4D continue to mess around ……..

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LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 22.25 Percentage Change: -1.11% Day High: 22.55 Day Low: 22.25

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LSE:FRESLSE:FRES Fresnillo. Close Mid-Price: 906.8 Percentage Change: + 1.50% Day High: 916.6 Day Low: 888.2

This is on the edge of dangerous as below 870 threatens commencing a cycle ……..

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LSE:ITRK Intertek Close Mid-Price: 6176 Percentage Change: -0.35% Day High: 6304 Day Low: 6160

Target met. Further movement against Intertek ABOVE 6304 should improve a ……..

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LSE:SPXLSE:SPX Spirax. Close Mid-Price: 12280 Percentage Change: + 0.12% Day High: 12360 Day Low: 12170

All Spirax needs are mid-price trades ABOVE 12360 to improve acceleration ……..

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LSE:WTGLSE:WTG Watchstone. Close Mid-Price: 52.5 Percentage Change: + 2.74% Day High: 51.2 Day Low: 48.9

Target met. If Watchstone experiences continued weakness below 48.9, it w ……..

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

Natwest Group Plc and Sleeping Beauty

#BrentCrude #WallSt Except for the stock markets, there’s a lot to be said for “nothing really happening” as we’re all in favour of a bit of peace and quiet, especially following the unpleasant year we’ve all experienced. Unfortunately, the FTSE 100 remains a fully paid up member of “The Lethargy Club” and this boredom has encompassed unpleasant numbers of shares. Thankfully, with the FTSE, the last week has given early warning for a change in fortunes and with Natwest, perhaps we should see the bank share price finally do something interesting.

The core issue with Natwest took place 6 weeks ago, a triggering movement which thus far has produced nothing. This has been so utterly frustrating we’re still featuring our irritation in this, our 3rd analysis since March 7th 2021. Despite moaning we’re not great with timeframes, it has been very frustrating witnessing the rest of the world enjoy stock markets which perform according to logic while in the UK, we’re a stock market which models itself after “The Sleeping Beauty”. We should maybe console ourselves with the sentiment, ‘while nothing good has happened, neither has anything bad’.

 

Our immediate hope comes from easing of many UK Lockdown restrictions from 26th April. Perhaps this, finally, shall provide an excuse for the UK primary market to wake up and dance (or whatever Sleeping Beauty did) as we can calculate some interesting potentials from a Big Picture perspective, along with a fascinating near term ambition.

For Natwest share price, next above 201p remains with a hope for 212p next, this number fascinating us since March. The bank share price has done nothing to dispel the notion, just joylessly failed to make the final step to our target level.

What sparks our interest comes should the movement to 212p occur as this risks a cascade effect. Or at least, it would if the UK market opts to follow the examples being set in France, Germany, the USA, Japan, Australia, etc. Achieving 212p should prove important to The Big Picture, triggering a longer term cycle toward 251p with a longer term main attraction residing at 307p. It’s not often we can present a scenario for a retail bank which gives the prospect of 50% growth. If it were not for the visuals on the chart below, our inclination would be to distrust the game plan as a pipe dream.

 

At time of writing, the share is trading around 194p. The price needs below 183p to give reason for panic, allowing weakness to an initial 171p with secondary, if broken, a scary looking 141p.

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:50:09PM BRENT 65.48 64.59 63.8 62.53 65.67 65.76 66.06 66.71 65
9:52:42PM GOLD 1777.46 ‘cess
9:54:31PM FTSE 6923.79
10:02:43PM FRANCE 6251 Shambles
10:04:56PM GERMANY 15267.96 ‘cess
10:06:55PM US500 4178.37 ‘cess
10:09:34PM DOW 34040 33951 33884.5 33793 34056 34080 34162.25 34226 33980 ‘cess
10:11:50PM NASDAQ 13936.74 ‘cess
10:14:16PM JAPAN 29166
23/04/2021 FTSE Closed at 6938 points. Change of 0%. Total value traded through LSE was: £ 4,560,582,809 a change of -19.42%
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%
19/04/2021 FTSE Closed at 7000 points. Change of -0.27%. Total value traded through LSE was: £ 5,222,332,197 a change of -24.15%
16/04/2021 FTSE Closed at 7019 points. Change of 0.52%. Total value traded through LSE was: £ 6,885,119,827 a change of 21.21%
15/04/2021 FTSE Closed at 6983 points. Change of 0.63%. Total value traded through LSE was: £ 5,680,355,568 a change of 19.55%

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BPC Bahamas Pet** **LSE:EME Empyrean** **LSE:FGP Firstgroup** **LSE:ITRK Intertek** **LSE:NG. National Glug** **LSE:PMG Parkmead** **LSE:QFI Quadrise** **LSE:WTG Watchstone** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Aston Martin, Asos, Bahamas Pet, Empyrean, Firstgroup, Intertek, National Glug, Parkmead, Quadrise, Watchstone, Zoo Digital,

LSE:AML Aston Martin Close Mid-Price: 1956 Percentage Change: -0.69% Day High: 1968.5 Day Low: 1930

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LSE:ASCLSE:ASC Asos. Close Mid-Price: 5314 Percentage Change: + 1.07% Day High: 5328 Day Low: 5176

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LSE:BPC Bahamas Pet Close Mid-Price: 0.4 Percentage Change: -24.19% Day High: 0.48 Day Low: 0.38

Continued weakness against BPC taking the price below 0.38 calculates as ……..

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LSE:EMELSE:EME Empyrean. Close Mid-Price: 5.95 Percentage Change: + 5.31% Day High: 5.95 Day Low: 5.4

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LSE:FGPLSE:FGP Firstgroup. Close Mid-Price: 88.9 Percentage Change: + 4.47% Day High: 101.3 Day Low: 88.55

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LSE:ITRKLSE:ITRK Intertek. Close Mid-Price: 6198 Percentage Change: + 0.98% Day High: 6266 Day Low: 6112

Continued trades against ITRK with a mid-price ABOVE 6266 should improve ……..

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LSE:NG. National Glug Close Mid-Price: 903.5 Percentage Change: -1.26% Day High: 918 Day Low: 899.5

Further movement against National Glug ABOVE 918 should improve accelerat ……..

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LSE:PMGLSE:PMG Parkmead. Close Mid-Price: 48.15 Percentage Change: + 6.76% Day High: 49 Day Low: 47.1

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LSE:QFI Quadrise Close Mid-Price: 4.04 Percentage Change: -6.05% Day High: 4.36 Day Low: 3.91

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LSE:WTG Watchstone Close Mid-Price: 51.1 Percentage Change: -4.66% Day High: 52.6 Day Low: 50.2

Target met. In the event Watchstone experiences weakness below 50.2 it ca ……..

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LSE:ZOOLSE:ZOO Zoo Digital. Close Mid-Price: 129.5 Percentage Change: + 1.57% Day High: 132.5 Day Low: 127.5

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

Our world famous FTSE for FRIDAY

#FTSE #Gold A few weeks can make a heck of a difference. Both are the same scene, the ‘only’ difference being an absence of Scotland’s usual grotty weather causing the 7 mtr garden waterfall to dry out. What was revealed, uniform rows of leafy moss hugging the cliff face, able to survive the worst of our climate here in Argyll.

The FTSE, on the other hand, is proving less than interesting and the 20 point trading range experienced during most of Thursday justified spending the day clearing vegetation from the stream, rather than watching the markets. The day felt similar to one of those “pretend” sessions, when London is scheduled to close at 12.30pm prior to a holiday and the market grudgingly goes through the motions. It was only with an hour of trade left did the index suddenly discover an ability to rise by a further lacklustre 20 points.

Hey, chart goes here

Hey, chart goes here

Unlike the waterfall snapshots, The FTSE, exhibits remarkably consistent behaviour. The two charts above highlight a remarkable lack of interesting behaviour, making us experience a mental transition from “is today the day” to “what’s the point, I’m going to clear the waterfall” and this sort of thing becomes a vicious circle, begging the question; “are people losing interest in the UK market?” The immediate situation has seen many triggering movements across members of the FTSE 100 but the lack of follow through is proving quite dismaying. In plain English, many shares should be going up yet failing to do so. We take some hope from the UK Aim market as it continues to outperform the FTSE and at 1,264 points, it’s 300 points above the high achieved before the Covid-19 drop. The FTSE 100, at 6938 points, is still languishing 560 points BELOW the pre Covid-19 high.

Perhaps naively, we’ve constantly expected “today will be the day”, constantly been let down, and we’re losing faith. Of course, the point at which the UK decides to play catch up will invariably occur when the maximum number of folk at looking elsewhere! The immediate situation with the FTSE now suggests the index requires exceed 7,125 points to make proper recovery almost impossible to avoid.

FTSE for FRIDAY

If we indulge our favourite scenario, a hunt for early signs of strength, above 6,960 points is now supposed to provoke the FTSE to attempt 6,995 points. Given recent conditions, we cannot sniff at the 35 point rise potential, even with the tightest stop looking like 6,900 points.

In the event 6,995 is exceeded, this gives the first hint of strength, especially as our secondary calculates at 7,055 points, placing the index solidly in a zone where an attempt at our Big Picture trigger level 7,125 can be expected. Visually, there are many suggestions the FTSE is about to experience some weakness and as a result, we’re curious as to whether “now is the time?”

 

If things intend go wrong, below 6,903 looks troubling, capable of sparking reversal down to an initial 6,873 points. If broken, our secondary calculates at 6,851 and the prospect of some sort of rebound. The implication should such a level break is the market finding a bottom around 6,785 points.

Have a good weekend. Us, by working on the waterfall, we’ve ticked off a nasty chore, so shall enjoy the good weather and do sod all…

*** And yet again, many thanks to those who find the adverts on this page interesting.

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
10:13:54PM BRENT 65.13 64.11 63.8 64.97 65.8 66.015 64.51
10:15:54PM GOLD 1784.49 1777 1773.5 1788 1796 1802.5 1783
10:18:18PM FTSE 6905.87 6879 6856.5 6923 6941 6950 6885
10:27:15PM FRANCE 6239.8 6234 6221 6258 6265 6285 6239 Success
10:31:30PM GERMANY 15250 15210 15177.5 15270 15338 15369 15249 ‘cess
10:33:44PM US500 4137.17 4122 4112 4146 4179 4188.75 4154 Shambles
10:35:41PM DOW 33826 33715 33562 33875 34069 34099.5 33850 Success
10:37:36PM NASDAQ 13780 13713 13676.5 13803 13895 13942.5 13764
10:40:17PM JAPAN 28906 28782 28671.5 28982 29207 29291 29020 Success
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%
19/04/2021 FTSE Closed at 7000 points. Change of -0.27%. Total value traded through LSE was: £ 5,222,332,197 a change of -24.15%
16/04/2021 FTSE Closed at 7019 points. Change of 0.52%. Total value traded through LSE was: £ 6,885,119,827 a change of 21.21%
15/04/2021 FTSE Closed at 6983 points. Change of 0.63%. Total value traded through LSE was: £ 5,680,355,568 a change of 19.55%
14/04/2021 FTSE Closed at 6939 points. Change of 0.71%. Total value traded through LSE was: £ 4,751,574,999 a change of -6.5%

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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EXPN Experian** **LSE:HSBA HSBC** **LSE:ITRK Intertek** **LSE:NG. National Glug** **LSE:VEC Vectura** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Centamin, Diageo, Empyrean, Experian, HSBC, Intertek, National Glug, Vectura, Zoo Digital,

LSE:CEYLSE:CEY Centamin. Close Mid-Price: 117.4 Percentage Change: + 2.44% Day High: 118.55 Day Low: 115

Further movement against Centamin ABOVE 118.55 should improve acceleratio ……..

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View Previous Centamin & Big Picture ***

LSE:DGELSE:DGE Diageo. Close Mid-Price: 3316.5 Percentage Change: + 2.74% Day High: 3319 Day Low: 3239.5

Continued trades against DGE with a mid-price ABOVE 3319 should improve t ……..

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LSE:EMELSE:EME Empyrean. Close Mid-Price: 5.65 Percentage Change: + 10.78% Day High: 5.65 Day Low: 5.1

All Empyrean needs are mid-price trades ABOVE 5.65 to improve acceleratio ……..

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LSE:EXPNLSE:EXPN Experian. Close Mid-Price: 2771 Percentage Change: + 3.05% Day High: 2793 Day Low: 2689

In the event of Experian enjoying further trades beyond 2793, the share s ……..

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LSE:HSBA HSBC Close Mid-Price: 415.5 Percentage Change: -0.08% Day High: 416.1 Day Low: 412.15

Continued weakness against HSBA taking the price below 412.15 calculates ……..

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LSE:ITRKLSE:ITRK Intertek. Close Mid-Price: 6138 Percentage Change: + 1.52% Day High: 6156 Day Low: 6020

All Intertek needs are mid-price trades ABOVE 6156 to improve acceleratio ……..

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LSE:NG.LSE:NG. National Glug. Close Mid-Price: 915 Percentage Change: + 1.21% Day High: 917.5 Day Low: 904

All National Glug needs are mid-price trades ABOVE 917.5 to improve accel ……..

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View Previous National Glug & Big Picture ***

LSE:VEC Vectura Close Mid-Price: 113.6 Percentage Change: -0.53% Day High: 116.6 Day Low: 113

The share needs a miracle above 118 to suggest optimism, giving 123 as ini ……..

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LSE:ZOOLSE:ZOO Zoo Digital. Close Mid-Price: 127.5 Percentage Change: + 4.94% Day High: 127.5 Day Low: 121.5

Further movement against Zoo Digital ABOVE 127.5 should improve accelerat ……..

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