Smurfit Westrock Plc (LSE:SWR) around 3492 at time of writing

#Gold #SP500  The name of this company has long brought a whimsical smile, always hoping the TV cartoon characters “The Smurfs” were somehow derived from the company name. It was quite disappointing to discover the company was formed in Ireland, named after Jefferson Smurfit in Dublin during 1934. Over the years since, the company has taken over quite a few other companies in the packaging field, most recently WestRock and again changing their identity to Smurfit Westrock from Smurfit Kappa.

With the change of name came a change of moniker for the stock markets, LSE:SWR replacing LSE:SKG with an associated loss of historical trading data!

We’ve cheated a little on the chart below, merging the history of Smurfit Kappa with the just three sessions of the new listing, hopefully giving a reasonable clue as to what is happening as there is insufficient data to justify the positive statements being issued about the “new” listing. Maybe they are correct as we’ve not investigated WestRock, other than to discover the new entity is regarded as one of the worlds largest paper and packaging producers. Maybe there is indeed a possibility of it soaring to new highs.

 

Currently, above just 3900 works out with the potential of triggering share price movement to an initial 4368p. Our secondary, should such a level be exceeded, calculates at a longer term 4805 and the potential for some hesitation for a while. At such a level, it shall certainly require another review.

Our converse scenario, if things intend go wrong, requires the share price to dip below 3300p as this risks provoking reversal to an initial 3043 with our secondary, should such a level be broken, coming in at a less likely longer term 2705p. We judge this to be “less likely” as it would break the uptrend since 2020, something few shares are currently doing.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
12:44:03AM BRENT 8521.4
12:47:28AM GOLD 2372.09 2367 2364 2356 2376 2384 2389 2402 2374 Success
12:50:53AM FTSE 8202.8 Success
12:54:04AM STOX50 4968
12:56:42AM GERMANY 18448.9 Success
1:01:04AM US500 5929.2 5616 5609 5600 5624 5638 5640 5721 5628
1:04:32AM DOW 39691.8 Success
1:10:25AM NASDAQ 20655 Success
1:13:48AM JAPAN 42343 ‘cess

 

10/07/2024 FTSE Closed at 8193 points. Change of 0.66%. Total value traded through LSE was: £ 4,725,141,160 a change of -14.23%
9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2%
8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%
5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%
4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%
3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%
2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%

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

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

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

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

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


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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:IAG British Airways** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:SDY Speedyhire** **LSE:VOD Vodafone** **

********

Updated charts published on : Avacta, British Airways, International Personal Finance, National Glib, Speedyhire, Vodafone,


LSE:AVCT Avacta. Close Mid-Price: 82.5 Percentage Change: + 10.74% Day High: 83.5 Day Low: 74.05

Target met. Continued trades against AVCT with a mid-price ABOVE 83.5 sho ……..

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LSE:IAG British Airways. Close Mid-Price: 178 Percentage Change: + 2.95% Day High: 180.3 Day Low: 176.75

In the event of British Airways enjoying further trades beyond 180.3, th ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 131.5 Percentage Change: + 2.33% Day High: 135 Day Low: 128

Further movement against International Personal Finance ABOVE 135 should ……..

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LSE:NG. National Glib. Close Mid-Price: 941.6 Percentage Change: + 1.27% Day High: 945 Day Low: 932.4

In the event of National Glib enjoying further trades beyond 945, the sha ……..

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LSE:SDY Speedyhire. Close Mid-Price: 38.15 Percentage Change: + 5.10% Day High: 38.3 Day Low: 37.25

Target met. In the event of Speedyhire enjoying further trades beyond 38. ……..

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LSE:VOD Vodafone. Close Mid-Price: 72.44 Percentage Change: + 2.03% Day High: 72.9 Day Low: 71.16

Further movement against Vodafone ABOVE 72.9 should improve acceleration ……..

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

Barr (a.g.) Plc (LSE:BAG) around 612 at time of writing.

#FTSE #SP500  One of the more amusing articles on trading recently revealed Julie Barr (a company ‘insider’) had acquired further shares in the company stock, purchasing a total of 25 shares with a transaction value of just over 152 quid.  This earth shattering purchase somehow justified a full page, writing about nothing, and we suspect given the timing, it probably related to a friendly bet about the general election result.

The makers of 125 year old Irn-Bru, along with a few other notable soft drinks, apparently remain outselling the conventional Coke and Pepsi companies in Scotland. We’ve been impressed by the company failing to join the other majors in price gouging during the last few years, ignoring the situation where Pepsi now costs more per litre than petrol or diesel, Coca Cola remaining not far behind. Unsurprisingly, there are expectations of the company sales improving considerably this year.

 

The company share price is now trading at levels not seen since 2020, giving some hope for further improvements in performance this year. The situation now suggests movements exceeding just 630p should trigger further share price gains to an initial 674p with our secondary, if bettered, an eventual 751p. Visually, there is certainly the threat of some hesitation at the 674p level, given it matches the share price highs following the circled manipulation drop from 2019.

Should things intend flatten out once again, below 577p risks a visit to an initial 540p with our secondary, if broken, at an eventual 512p and a possible rebound.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:07:32PM BRENT 8465.5 ‘cess
10:11:44PM GOLD 2363.69
10:16:09PM FTSE 8151.7 8149 8125 8070 8175 8174 8187 8206 8150 ‘cess
10:22:28PM STOX50 4902.9 ‘cess
10:26:31PM GERMANY 18244 ‘cess
10:29:34PM US500 5578.1 5574 5571 5564 5582 5592 5596 5603 5580 ‘cess
10:32:11PM DOW 39287.5 ‘cess
10:34:53PM NASDAQ 20457.8 ‘cess
10:39:43PM JAPAN 41524 Success

 

9/07/2024 FTSE Closed at 8139 points. Change of -0.66%. Total value traded through LSE was: £ 5,509,291,048 a change of 31.2%
8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%
5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%
4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%
3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%
2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%
1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%

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

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

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

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

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


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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:NG. National Glib** **LSE:STAR Star Energy** **

********

Updated charts published on : Avacta, BALFOUR BEATTY, National Glib, Star Energy,


LSE:AVCT Avacta. Close Mid-Price: 74.5 Percentage Change: + 6.43% Day High: 77.5 Day Low: 70

Target met. All Avacta needs are mid-price trades ABOVE 77.5 to improve a ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 392.4 Percentage Change: -0.76% Day High: 398.6 Day Low: 388.2

In the event of BALFOUR BEATTY enjoying further trades beyond 398.6, the ……..

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LSE:NG. National Glib. Close Mid-Price: 929.8 Percentage Change: + 0.13% Day High: 943.4 Day Low: 927

Further movement against National Glib ABOVE 943.4 should improve acceler ……..

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LSE:STAR Star Energy. Close Mid-Price: 8.05 Percentage Change: + 1.64% Day High: 7.98 Day Low: 7.98

In the event of Star Energy enjoying further trades beyond 7.98, the shar ……..

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

Helium One Global around 1.46 at time of writing. 

#Gold #WallSt  A flurry of emails about this justifies taking another look, this share price providing considerable disappointment since we last took a glance at them. What surprised us was the impression given of the main supplier of Helium being the hated hydrocarbon industry, while Helium One were sitting on top of a new supply of the gas. Logically, their share price should have flourished yet the utter opposite has been true.

 

However, it feels like something important has finally changed with this share price, so perhaps we can all rush out and buy party balloons again.

The share price has had a Blue downtrend since 2021 and finally the share price has opted to close above this line. From our perspective, this ticks the first box for optimism. Secondly, the share price has now closed above any level since mid-April, giving a slight chance of a higher high and ticking the second box. And third, on 20th June, something quite strange happened with the share price spiked down for no apparent reason during the mornings trading, this potentially being an early signal some positive action could be hoped for. When the share price closed above 1p last week, we were inclined to take this as confirmation for positive movement.

 

The immediate situation suggests above 1.49p could potentially trigger movement to an initial 1.92p with our secondary, if such a level is exceeded, calculating at an eventual 2.45p. Visually, there is a fairly strong impression the 2,45p level shall provide some hesitation, due to it matching a series of previous highs. Our usual logic demands the share price close above 2.45p before becoming excited for the future and once again, it looks viable in this particular case.

In such a scenario, we will report again but currently suspect a future 6p shall provide a ruling attraction.

Worth watching. We hope.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:12:57PM BRENT 8555.2 ‘cess
11:15:27PM GOLD 2358.48 2351 2345 2329 2361 2380 2388 2400 2368
11:17:49PM FTSE 8206.8 ‘cess
11:20:29PM STOX50 4964.7 ‘cess
11:23:44PM GERMANY 18476.8
11:28:45PM US500 5576.5
11:31:29PM DOW 39358 39272 39203 39044 39363 39680 39780 40068 39508 Success
11:34:19PM NASDAQ 20470
11:37:08PM JAPAN 40958
8/07/2024 FTSE Closed at 8193 points. Change of -0.12%. Total value traded through LSE was: £ 4,199,265,800 a change of -27.16%
5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%
4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%
3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%
2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%
1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%
28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%

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:BBY BALFOUR BEATTY** **LSE:CAR Carclo** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:SDY Speedyhire** **

********

Updated charts published on : BALFOUR BEATTY, Carclo, British Airways, ITM Power, Lloyds Grp., National Glib, Natwest, Speedyhire,


LSE:BBY BALFOUR BEATTY. Close Mid-Price: 395.4 Percentage Change: + 1.38% Day High: 397.8 Day Low: 390.8

Continued trades against BBY with a mid-price ABOVE 397.8 should improve ……..

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LSE:CAR Carclo. Close Mid-Price: 20.8 Percentage Change: + 6.67% Day High: 21.4 Day Low: 20.2

All Carclo needs are mid-price trades ABOVE 21.4 to improve acceleration ……..

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LSE:IAG British Airways. Close Mid-Price: 176.1 Percentage Change: + 1.97% Day High: 177.6 Day Low: 171.3

Further movement against British Airways ABOVE 177.6 should improve acce ……..

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LSE:ITM ITM Power. Close Mid-Price: 59.35 Percentage Change: + 17.87% Day High: 60.15 Day Low: 53.25

Target met. In the event of ITM Power enjoying further trades beyond 60.1 ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 59.02 Percentage Change: + 1.27% Day High: 59.32 Day Low: 58.1

Continued trades against LLOY with a mid-price ABOVE 59.32 should improve ……..

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LSE:NG. National Glib. Close Mid-Price: 928.6 Percentage Change: + 0.06% Day High: 935.2 Day Low: 922

Continued trades against NG. with a mid-price ABOVE 935.2 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 329.4 Percentage Change: + 1.42% Day High: 332.6 Day Low: 323.6

Target met. All Natwest needs are mid-price trades ABOVE 332.6 to improve ……..

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LSE:SDY Speedyhire. Close Mid-Price: 37.15 Percentage Change: + 2.20% Day High: 37.5 Day Low: 36.6

Further movement against Speedyhire ABOVE 37.5 should improve acceleratio ……..

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

Natwest around 324.8 at time of writing, looking good.

#Brent #Dax  It has been a good start to July, a proper Formula1 race, finally, and even happening at the UK Silverstone circuit. And in Scotland, a massive number of failed SNP MP’s were fired by an electorate who finally realised they only represented their wallets, rather than the voters. Amusingly, gossip tells the feat was enacted due to Labour and Conservative activists, knocking on doors and recommending voters which party was best to vote for to unseat the incumbent SNP MP. Apparently it was truly strange have Red rosette wearing canvassers recommending the local Conservative nominee and vice versa.

Then we had the race at Silverstone, the track looking like it had imported weather from Scotland with a couple of outbreaks of rain bringing real entertainment. Usually, from Lap 10 to Lap 40, this race brings an excuse for a nap or in Sundays case, time to cut the grass at the front of the house. Alas, the grass remained uncut, along with a truly impressive outbreak of dandelions, as even going through to the kitchen to make a coffee become a difficult decision. In fact, it was Lap 42 before the realisation we could pause live TV dawned. Better still, Louis Hamilton won fair and square, not competing with his team, car, or race management for a change.

 

So, with all this good news, it’s only fair we should now anticipate the potential of further good times for retail bank, Natwest Group Plc.

This isn’t exactly a tongue in cheek outlook as from a chart perspective, something positive seems to be happening. In the three weeks since our previous report, Natwest has carefully avoided dipping below 300p with the share price remaining in positive territory. The situation now imparts considerable hope with movement above 329p suggesting recovery to a significant 340p, a price level where some hesitation is expected. Our secondary, should such a level be exceeded, calculates at a longer term 382p, a pretty solid step on a path to a future 468p.

As always, we can toss a converse scenario into the mix with the share price needing to slip below 307p to potentially trigger reversals to 292p and a very hopeful rebound. If broken, our secondary works out at 279p, once again dumping the share price into stodgy territory from which enthusiasm for recovery shall become muted.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
10:59:00PM BRENT 8688 8640 8574 8503 8700 8785 8853 8960 8704
11:01:27PM GOLD 2391.19
11:05:04PM FTSE 8209.3
11:07:16PM STOX50 4975.3
11:09:34PM GERMANY 18484.3 19418 17838 17229 19489 19665 18736 18837 18576
11:11:45PM US500 5561.8
11:14:05PM DOW 39337
11:16:15PM NASDAQ 20381.5
11:18:18PM JAPAN 40958

 

5/07/2024 FTSE Closed at 8203 points. Change of -0.46%. Total value traded through LSE was: £ 5,765,215,799 a change of 61.04%
4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%
3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%
2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%
1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%
28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%
27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%

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

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

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

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

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


Section One – Outlook Updated Today.

FTSE for FRIDAY around 8241 at time of writing. 

#FTSE #GOLD  We tried something new on Thursday evening, watching FTSE futures in conjunction with results being released in the General Election. So far, the exercise has been quite fascinating, currently with glimpses of panic at the rate Futures were climbing. While writing this, FTSE Futures were just gapped DOWN by 15 points in what looks like a visible attempt to slow things down.

Of course, this isn’t a real problem, probably quite the opposite, as it reduces the chances of the FTSE being spiked up massively at the open on Friday morning. This usually creates a situation where within 90 minutes or so, the market starts to rewind the effects of the spike unless the index is gapped up at the start of the spike. For instance, should the opening second of trade should a gap from 8241 points to 8255 points, immediately followed by gains to around 8265 points, there shall be a very good chance of the day being quite positive. But should the market opt to show the first seconds of trade with trades to 8465, our confidence for a good day will be quite damaged. It can be assumed we expect the FTSE to open the day around 8265 unless some sort of massive political upset occurs.

Up here in Scotland, quite a different set of circumstances prevails with a certain outcome looking like the 3rd largest party in Westminster, the SNP, being utterly humiliated. The blame is being laid firmly at the door of Sturgeon and what looks like corrupt behaviour by her and the cabal. There’s doubtless going to be a civil war within the SNP when the troughers fired from Westminster believe they deserve a seat in the gravy train that is the Scottish parliament. Time to order some popcorn while being amused at the fight.

 

For the FTSE, it looks like above 8265 points could trigger movement to an initial 8301 points with our secondary, if beaten, calculating at 8367 points. If triggered, the tightest stop loss level looks reasonable at 8225 and given movement such as this shall place the UK index in a region where a long term cycle to 8465 should commence, that’s a reasonable number for a stop.

Our converse scenario, if things decide to go wrong, needs the index to fall below 8207 to ring alarm bells, risking triggering reversal to 8158 with secondary, if broken, at 8086 points.

 

Have a good weekend. Hopefully the British Grand Prix produces some entertainment. Austria last weekend was quite boring, until the last few laps which brought real racing.

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:07:04PM BRENT 8745.8 8374 8214 8564 8434 8811 8521
10:10:35PM GOLD 2356.3 2351 2347 2360 2362 2365 2351
10:40:56PM FTSE 8257 8226 8214 8242 8261 8287 8228 Success
10:43:31PM STOX50 4993.5 4955 4948 4981 4995 5011 4965 ‘cess
10:46:18PM GERMANY 18453 18386 18357 18421 18467 18517 18395
10:49:09PM US500 5531.9 5502 5485 5515 5541 5554 5502
10:51:37PM DOW 39336 39286 39252 39355 39440 39486 39313
10:54:22PM NASDAQ 20144 19966 19870 20040 20177 20235 19966
10:58:26PM JAPAN 40860 40504 40380 40738 40976 41346 40598 Success

 

4/07/2024 FTSE Closed at 8241 points. Change of 0.86%. Total value traded through LSE was: £ 3,579,962,751 a change of -46.51%
3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%
2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%
1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%
28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%
27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%
26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%

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

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

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

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

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


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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:NG. National Glib** **LSE:STAR Star Energy** **

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Updated charts published on : Avacta, Barclays, British Airways, IG Group, ITM Power, ITV, National Glib, Star Energy,


LSE:AVCT Avacta. Close Mid-Price: 67 Percentage Change: + 14.04% Day High: 67.75 Day Low: 58.65

Target met. Further movement against Avacta ABOVE 68 should improve accel ……..

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LSE:BARC Barclays. Close Mid-Price: 224.35 Percentage Change: + 2.84% Day High: 224.5 Day Low: 219

All Barclays needs are mid-price trades ABOVE 224.5 to improve accelerati ……..

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LSE:IAG British Airways. Close Mid-Price: 174.65 Percentage Change: + 0.75% Day High: 176.2 Day Low: 172.55

Continued trades against IAG with a mid-price ABOVE 176.2 should improve ……..

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LSE:IGG IG Group. Close Mid-Price: 837 Percentage Change: + 0.48% Day High: 839.5 Day Low: 832

In the event of IG Group enjoying further trades beyond 839.5, the share ……..

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LSE:ITM ITM Power. Close Mid-Price: 49.26 Percentage Change: + 0.45% Day High: 51 Day Low: 48.2

All ITM Power needs are mid-price trades ABOVE 51 to improve acceleration ……..

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LSE:ITV ITV Close Mid-Price: 82.8 Percentage Change: -0.30% Day High: 83.55 Day Low: 82.05

Continued trades against ITV with a mid-price ABOVE 83.55 should improve ……..

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LSE:NG. National Glib. Close Mid-Price: 922.6 Percentage Change: + 1.14% Day High: 919.6 Day Low: 908.6

In the event of National Glib enjoying further trades beyond 919.6, the s ……..

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LSE:STAR Star Energy. Close Mid-Price: 7.95 Percentage Change: + 1.53% Day High: 0 Day Low: 0

Continued trades against STAR with a mid-price ABOVE 7.95 should improve ……..

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

YouGov Plc (LSE:YOU) around 427 at time of writing.

#Gold #Stoxx50  We’d suspected the rolling pandemic of elections around the world were going to provide a bumper year for the polling company, YouGov. This illusion was shattered, when the company issued a profit warning on 20th June, a point when everything went south for the share price, the market moving it from 800p to 576p in the blink of an eye. It transpires the bread and butter of YouGov’s income actually comes from surveys carried out for companies into their customer behaviour, a business area which has seen a reduction in contracts apparently.

It actually makes some sense, if slicing the logic for a survey down to absolute basics.

“Q; Why Are Our Sales Down?”

“A; Your Prices Are Too High!”

It’s not exactly rocket science and doubtless quite a few organisations opted not to waste money seeking answers which were literally written in the sky, if you count jet contrails. Alternately, it appears far easier to find parking spaces at the major supermarkets, yet Aldi and Lidl can be a real nuisance. In any case, Aldi is worth it, just for their Wagyu beef burgers!

 

We’ve a reasonable suspicion YouGov share price may have discovered a floor at the 400p level. This scenario shall be confirmed, if movement above just 435p should trigger recovery to an initial 450p with our secondary, if exceeded, at 488p. At such a level, it becomes essential for the share to close a session above 488p to confirm bottom is “in”, effectively painting a future 559 as a viable third level target. Unfortunately, at this time, we are unable to project any recovery capable of moving the share above the Red uptrend since 2016.

Should trouble be brewing, the share price needs vote below 400p as it risks a freefall to 182 and a probable “ultimate bottom”, a price level below which we cannot calculate.

 

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:02:21PM BRENT 8700.2
11:07:13PM GOLD 2356.74 2319 2298 2276 2340 2366 2378 2426 2320 Success
11:11:46PM FTSE 8186.5
11:13:35PM STOX50 4972 4925 4907 4883 4945 4980 4992 5033 4954
11:16:30PM GERMANY 18399.9 Success
11:19:48PM US500 5531.9 ‘cess
11:23:26PM DOW 39292 ‘cess
11:26:39PM NASDAQ 20168 ‘cess
11:28:57PM JAPAN 40671 Success

 

3/07/2024 FTSE Closed at 8171 points. Change of 0.62%. Total value traded through LSE was: £ 6,692,388,368 a change of 28.25%
2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%
1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%
28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%
27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%
26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%
25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%

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

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

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

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

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


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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BME B & M** **LSE:CAR Carclo** **LSE:IAG British Airways** **LSE:SDY Speedyhire** **

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Updated charts published on : Avacta, B & M, Carclo, British Airways, Speedyhire,


LSE:AVCT Avacta. Close Mid-Price: 58.75 Percentage Change: + 5.29% Day High: 61.5 Day Low: 55

Target met. Continued trades against AVCT with a mid-price ABOVE 61.5 sho ……..

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LSE:BME B & M Close Mid-Price: 435.9 Percentage Change: -0.84% Day High: 441.5 Day Low: 433.7

If B & M experiences continued weakness below 433.7, it will invariably l ……..

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LSE:CAR Carclo. Close Mid-Price: 20.05 Percentage Change: + 1.26% Day High: 21 Day Low: 20

In the event of Carclo enjoying further trades beyond 21, the share shoul ……..

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LSE:IAG British Airways. Close Mid-Price: 173.35 Percentage Change: + 5.51% Day High: 173.4 Day Low: 164.35

#Continued weakness against IAG taking the price below 159 calculates as l ……..

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LSE:SDY Speedyhire. Close Mid-Price: 35.1 Percentage Change: + 0.29% Day High: 36.2 Day Low: 34.85

All Speedyhire needs are mid-price trades ABOVE 36.2 to improve accelerat ……..

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

Deutsche Telecom AG (TG:DTE) around 23.55 at time of writing

#FTSE #Nasdaq Trend lines can prove fascinating and we notice Deutsche Telecom (DTE) are providing a perfect example of something which may be quite important. The German company share price topped out in March 2000, literally the peak of the Tech/Dotcom bubble, and similar to so many other members of this ridiculous market spike, DTE share price was soundly thrashed. It then spent the following 20 years doing very little but now, there are early warning signs something positive may be happening.

Usually we’d prefer taking this sort of thing with a pinch of salt but when DTE’s price movements this year are examined, for some reason a 24 year old line is visually playing some part in share price movements. This is liable to prove significant for the longer term, if the historical high above 100€ is still regarded as part of the trading cycle. Currently, the share price would need close below 20€ to spoil the party and effectively cancel our immediate cautious optimism.

 

The immediate situation with Deutsche Telecom looks quite interesting, though falls some distance away from being a multibagger potential. Above 23.75 Euro now calculates with the potential of near term movement to an initial 24.5€ with our secondary, if bettered, calculating at a confident looking longer term 26€.  Overall, the only number we can calculate with potential for trouble sits at 33€, a price level which if achieved has the potential to provoke some market hesitation.

If things intend go totally wrong, the share price needs below 20 to risk triggering reversal to an initial 17.7€ with our longer term secondary, if broken, at a future 13.4 and hopefully a bottom.

We suspect this shall hopefully prove worth keeping an eye on.


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:28:21PM BRENT 8643.5
9:30:57PM GOLD 2329.11
9:44:14PM FTSE 8134 8107 8064 8042 8147 8162 8209 8262 8132 ‘cess
9:52:09PM STOX50 4911.2 Success
9:54:49PM GERMANY 18163.3 Success
9:57:28PM US500 5502.6 Success
10:02:03PM DOW 39294.5
10:05:26PM NASDAQ 19990.6 19783 19706 19603 19917 20014 20057 20217 19924 Success
10:12:46PM JAPAN 40226 Success

 

2/07/2024 FTSE Closed at 8121 points. Change of -0.55%. Total value traded through LSE was: £ 5,218,218,449 a change of 8.89%
1/07/2024 FTSE Closed at 8166 points. Change of 0.02%. Total value traded through LSE was: £ 4,792,112,455 a change of -7.38%
28/06/2024 FTSE Closed at 8164 points. Change of -0.18%. Total value traded through LSE was: £ 5,173,992,876 a change of 2.7%
27/06/2024 FTSE Closed at 8179 points. Change of -0.56%. Total value traded through LSE was: £ 5,037,946,434 a change of -10.36%
26/06/2024 FTSE Closed at 8225 points. Change of -0.27%. Total value traded through LSE was: £ 5,620,185,904 a change of 8.13%
25/06/2024 FTSE Closed at 8247 points. Change of -0.41%. Total value traded through LSE was: £ 5,197,523,885 a change of -1.46%
24/06/2024 FTSE Closed at 8281 points. Change of 0.53%. Total value traded through LSE was: £ 5,274,668,036 a change of -64.96%

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:BME B & M** **LSE:DGE Diageo** **LSE:IPF International Personal Finance** **LSE:JET Just Eat** **LSE:OPG OPG Power Ventures** **LSE:SBRY Sainsbury** **

********

Updated charts published on : B & M, Diageo, International Personal Finance, Just Eat, OPG Power Ventures, Sainsbury,


LSE:BME B & M Close Mid-Price: 439.6 Percentage Change: -0.54% Day High: 442.6 Day Low: 436.4

In the event B & M experiences weakness below 436.4 it calculates with a ……..

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LSE:DGE Diageo Close Mid-Price: 2463.5 Percentage Change: -0.67% Day High: 2473 Day Low: 2454

If Diageo experiences continued weakness below 2454, it will invariably l ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 129 Percentage Change: + 0.39% Day High: 129.5 Day Low: 128.5

Continued trades against IPF with a mid-price ABOVE 129.5 should improve ……..

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LSE:JET Just Eat Close Mid-Price: 934 Percentage Change: -1.99% Day High: 949 Day Low: 936

Target met. In the event Just Eat experiences weakness below 936 it calcu ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 10 Percentage Change: -0.99% Day High: 10.12 Day Low: 9.75

In the event OPG Power Ventures experiences weakness below 9.75 it calcul ……..

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LSE:SBRY Sainsbury Close Mid-Price: 250.4 Percentage Change: -2.87% Day High: 256.2 Day Low: 244.8

If Sainsbury experiences continued weakness below 244.8, it will invariab ……..

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