Natwest Group Plc (LSE:NWG) and Formula 1

#Brent #Dax  With the retail banks, there’s a race to avoid the start! With Grand Prix, there’s a race to the end and in recent years, nothing has come close to the excitement of Singapore at the weekend. With four cars almost nose to tail, the final laps proved amazing, the stress getting to one of the Mercedes drivers who decided to test how effective the front crumple zone of his car was, literally on the final lap.

The poor bloke did a perfect “From Hero to Zero” crash, missing 3rd place in the race and gifting that honour to his team-mate, Louis Hamilton.

 

Similarly, Natwest appears to be shuffling into position where it might actually start to do something useful. Amazingly, this particular scenario dates back to 2007 and the Blue downtrend on the chart.

As shown above, this Blue line, dating back to a time when politicians lost their integrity with the Financial Crash, could easily be thought of as a crayon mark on a chart, were it not for Natwest share price behaviour in the last week. When an extensive effort is made to ensure a share fails to close above a downtrend (circled in Red above), it tends make our attention zoom in, just in case we’re seeing a signal for something important. In this particular instance, we suspect this shall prove to be the case. We’d urge no-one to get too excited as we’re not about to propose anything as interesting as the Singapore GP but it certainly feels like something solid could happen fairly quickly.

Trading around 236p at time of writing, the share price need only exceed 240p to hopefully trigger movement to an initial 249p with our secondary, if bettered, working out at an irritating 258p. Despite a potential 18p rise not deserving sneezed at, visually such an ambition matches the highs from July and a price level where we suspect the share price shall develop a bit of a stutter. Our usual rules demand the share close above these prior highs of 261p before we dare regard Natwest as entering any sort of serious race. Until then, rather aptly, it remains trapped in the retail bank equivalent of a clown car.

Should Natwest indulge in its favoured hobby of throwing custard pies at traders, below 231p becomes problematic, allowing for reversal to 217 with secondary, if broken, calculating down at 204p and hopefully a proper bounce.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
6:49:50PM BRENT 9378.8 9222 9178 9099 9322 9425 9500.5 10295 8950
6:55:15PM GOLD 1923.37 1916
6:58:10PM FTSE 7695 7696
7:00:10PM STOX50 4284.3 4288
7:03:21PM GERMANY 15870.9 15893
7:05:15PM US500 4451 4464 4438 4412 4484 4516 4524 4555 4477
9:53:33PM DOW 34593.5 34882
9:55:49PM NASDAQ 15197.68 15246
9:57:43PM JAPAN 33282 33320

 

15/09/2023 FTSE Closed at 7711 points. Change of 0.5%. Total value traded through LSE was: £ 13,856,220,608 a change of 129.91%
14/09/2023 FTSE Closed at 7673 points. Change of 1.97%. Total value traded through LSE was: £ 6,026,828,350 a change of 14.3%
13/09/2023 FTSE Closed at 7525 points. Change of -0.03%. Total value traded through LSE was: £ 5,272,761,043 a change of 13.44%
12/09/2023 FTSE Closed at 7527 points. Change of 0.41%. Total value traded through LSE was: £ 4,648,224,872 a change of 0.61%
11/09/2023 FTSE Closed at 7496 points. Change of 0.24%. Total value traded through LSE was: £ 4,619,826,018 a change of -15.09%
8/09/2023 FTSE Closed at 7478 points. Change of 0.5%. Total value traded through LSE was: £ 5,440,944,541 a change of 24.28%
7/09/2023 FTSE Closed at 7441 points. Change of 0.2%. Total value traded through LSE was: £ 4,377,889,513 a change of 26.38%

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:AAL Anglo American** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:CNA Centrica** **LSE:FGP Firstgroup** **LSE:GRG Greggs** **LSE:IHG Intercontinental Hotels Group** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **

********

Updated charts published on : Anglo American, B & M, BP PLC, Centrica, Firstgroup, Greggs, Intercontinental Hotels Group, National Glib, Oxford Instruments, Primary Health, Rolls Royce, Tesco,

LSE:AAL Anglo American. Close Mid-Price: 2302.5 Percentage Change: + 1.77% Day High: 2321.5 Day Low: 2255.5

Target met. In the event of Anglo American enjoying further trades beyond ……..

Subscribe for more

</p

View Previous Anglo American & Big Picture ***

LSE:BME B & M. Close Mid-Price: 577 Percentage Change: + 1.37% Day High: 585.6 Day Low: 573.6

All B & M needs are mid-price trades ABOVE 585.6 to improve acceleration ……..

Subscribe for more

</p

View Previous B & M & Big Picture ***

LSE:BP. BP PLC Close Mid-Price: 523.2 Percentage Change: -0.17% Day High: 528.9 Day Low: 520.7

Target met. In the event of BP PLC enjoying further trades beyond 528.9, ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 169.7 Percentage Change: + 0.59% Day High: 170.05 Day Low: 167.2

Further movement against Centrica ABOVE 170.05 should improve acceleratio ……..

Subscribe for more

</p

View Previous Centrica & Big Picture ***

LSE:FGP Firstgroup Close Mid-Price: 156.2 Percentage Change: -1.08% Day High: 159.9 Day Low: 155

Continued trades against FGP with a mid-price ABOVE 159.9 should improve ……..

Subscribe for more

</p

View Previous Firstgroup & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2540 Percentage Change: + 1.93% Day High: 2554 Day Low: 2500

Further movement against Greggs ABOVE 2554 should improve acceleration to ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6296 Percentage Change: + 0.87% Day High: 6344 Day Low: 6296

Target met. All Intercontinental Hotels Group needs are mid-price trades ……..

Subscribe for more

</p

View Previous Intercontinental Hotels Group & Big Picture ***

LSE:NG. National Glib Close Mid-Price: 1022.5 Percentage Change: -0.39% Day High: 1037.5 Day Low: 1021.5

Further movement against National Glib ABOVE 1037.5 should improve accele ……..

Subscribe for more

</p

View Previous National Glib & Big Picture ***

LSE:OXIG Oxford Instruments Close Mid-Price: 2295 Percentage Change: -1.08% Day High: 2380 Day Low: 2295

In the event of Oxford Instruments enjoying further trades beyond 2380, th ……..

Subscribe for more

</p

View Previous Oxford Instruments & Big Picture ***

LSE:PHP Primary Health Close Mid-Price: 97.4 Percentage Change: -1.62% Day High: 99.9 Day Low: 96.6

Continued trades against PHP with a mid-price ABOVE 99.9 should improve t ……..

Subscribe for more

</p

View Previous Primary Health & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 227.4 Percentage Change: + 0.71% Day High: 231.4 Day Low: 227

Target met. All Rolls Royce needs are mid-price trades ABOVE 232 to impro ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

LSE:TSCO Tesco. Close Mid-Price: 270.7 Percentage Change: + 1.42% Day High: 271.7 Day Low: 268.8

Target met. All Tesco needs are mid-price trades ABOVE 271.7 to improve a ……..

Subscribe for more

</p

View Previous Tesco & Big Picture ***

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

FTSE for FRIDAY (FTSE:UKX) and some optimism!

#FTSE #GOLD  Good news appeared to come from everywhere on Thursday. From a personal perspective, an unwelcome diagnosis of Type 2 Diabetes early this year has proven difficult to live with, the medication provoking unpleasant side effects. A routine blood test threw up something which demanded further checks, resulting in an absence of diabetes! Which is a good thing, along with a suspicion the real “cure” came from losing some weight.

The FTSE similarly looks poised to deliver some good cheer following a rather spectacular session on Thursday, the best day of the year for the index. The mining sector certainly received a sprinkling of fairy dust with the oilers receiving a smaller boost. The banking sector, unsurprisingly, lagged behind the party, doubtless due to the ECB taking interest rates to all time highs. We note UK chip designer ARM chose to launch their IPO in the USA on the Nasdaq, sending quite nasty signals about their confidence in the UK and the FTSE. Regardless, the FTSE certainly cheered from the sidelines as a day up by just over 2% at one point was a welcome relief.

 

However, there is a chance some unpleasantness awaits for the FTSE, despite the visual impression currently being given. As always, the problem comes from a trend line, the Blue downtrend on the chart for 2023. The FTSE closed Thursday at 7673 points, effectively slightly below the downtrend which is currently sitting at 7682 points. This isn’t an encouraging signal but the FTSE needs below 7606 points to incite any serious concern, risking triggering reversals to an initial 7578 points with secondary, if broken, at 7541 and hopefully a rebound. Should this scenario trigger, the tightest stop loss level looks like 7650 points.

Our alternate, more positive, scenario is fairly palatable. Above 7687 points calculates with the potential of a lift up to an initial impressive 7804 points. Our secondary, should this level be exceeded, works out at 7868 points. Definitely a fingers crossed day appears to be ahead but market futures currently indicate some optimism.

Have a good weekend and enjoy the grand prix.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:10:49PM BRENT 9353.8 9158 9091 9236 9360 9598 9111 Success
9:15:34PM GOLD 1909.52 1901 1897 1913 1915 1919 1907
9:18:50PM FTSE 7707.2 7531 7455 7621 7714 7752 7575 Success
9:23:26PM STOX50 4299 4257 4245 4288 4302 4315 4278 Success
9:26:27PM GERMANY 15871.6 15727 15668 15827 15878 15908 15799 Success
9:30:52PM US500 4509 4470 4466 4490 4511 4518 4491 Success
9:41:30PM DOW 34961.5 34655 34599 34839 34965 35011 34891 Success
9:45:09PM NASDAQ 15491.5 15332 15305 15431 15515 15538 15429 ‘cess
9:50:17PM JAPAN 33397 32939 32809 33105 33415 33452 33304 Success

 

14/09/2023 FTSE Closed at 7673 points. Change of 1.97%. Total value traded through LSE was: £ 6,026,828,350 a change of 14.3%
13/09/2023 FTSE Closed at 7525 points. Change of -0.03%. Total value traded through LSE was: £ 5,272,761,043 a change of 13.44%
12/09/2023 FTSE Closed at 7527 points. Change of 0.41%. Total value traded through LSE was: £ 4,648,224,872 a change of 0.61%
11/09/2023 FTSE Closed at 7496 points. Change of 0.24%. Total value traded through LSE was: £ 4,619,826,018 a change of -15.09%
8/09/2023 FTSE Closed at 7478 points. Change of 0.5%. Total value traded through LSE was: £ 5,440,944,541 a change of 24.28%
7/09/2023 FTSE Closed at 7441 points. Change of 0.2%. Total value traded through LSE was: £ 4,377,889,513 a change of 26.38%
6/09/2023 FTSE Closed at 7426 points. Change of -0.15%. Total value traded through LSE was: £ 3,464,082,337 a change of -12.27%

 

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:AAL Anglo American** **LSE:BP. BP PLC** **LSE:CNA Centrica** **LSE:EME Empyrean** **LSE:IHG Intercontinental Hotels Group** **LSE:NG. National Glib** **LSE:PHP Primary Health** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **LSE:TRN The Trainline** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Anglo American, BP PLC, Centrica, Empyrean, Intercontinental Hotels Group, National Glib, Primary Health, Rolls Royce, Spirax, The Trainline, Zoo Digital,

LSE:AAL Anglo American. Close Mid-Price: 2262.5 Percentage Change: + 7.74% Day High: 2272.5 Day Low: 2123.5

Further movement against Anglo American ABOVE 2272.5 should improve accel ……..

Subscribe for more

</p

View Previous Anglo American & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 524.1 Percentage Change: + 3.13% Day High: 526.1 Day Low: 510

Continued trades against BP. with a mid-price ABOVE 526.1 should improve ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 168.7 Percentage Change: + 1.50% Day High: 168.7 Day Low: 165.8

Continued trades against CNA with a mid-price ABOVE 168.7 should improve ……..

Subscribe for more

</p

View Previous Centrica & Big Picture ***

LSE:EME Empyrean Close Mid-Price: 0.82 Percentage Change: -2.94% Day High: 0.8 Day Low: 0.78

If Empyrean experiences continued weakness below 0.78, it will invariably ……..

Subscribe for more

</p

View Previous Empyrean & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6242 Percentage Change: + 0.42% Day High: 6244 Day Low: 6126

Further movement against Intercontinental Hotels Group ABOVE 6244 should ……..

Subscribe for more

</p

View Previous Intercontinental Hotels Group & Big Picture ***

LSE:NG. National Glib. Close Mid-Price: 1026.5 Percentage Change: + 2.45% Day High: 1029.5 Day Low: 1003.5

In the event of National Glib enjoying further trades beyond 1029.5, the ……..

Subscribe for more

</p

View Previous National Glib & Big Picture ***

LSE:PHP Primary Health. Close Mid-Price: 99 Percentage Change: + 2.75% Day High: 98.85 Day Low: 95.8

All Primary Health needs are mid-price trades ABOVE 98.85 to improve acce ……..

Subscribe for more

</p

View Previous Primary Health & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 225.8 Percentage Change: + 0.22% Day High: 226.6 Day Low: 222.9

In the event of Rolls Royce enjoying further trades beyond 226.6, the sha ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

LSE:SPX Spirax. Close Mid-Price: 9836 Percentage Change: + 1.30% Day High: 9876 Day Low: 9614

Target met. In the event Spirax experiences weakness below 9614 it calcul ……..

Subscribe for more

</p

View Previous Spirax & Big Picture ***

LSE:TRN The Trainline. Close Mid-Price: 276 Percentage Change: + 11.56% Day High: 286.4 Day Low: 263.2

Target met. Further movement against The Trainline ABOVE 286.4 should imp ……..

Subscribe for more

</p

View Previous The Trainline & Big Picture ***

LSE:ZOO Zoo Digital Close Mid-Price: 57.5 Percentage Change: -4.96% Day High: 60.5 Day Low: 57.5

Weakness on Zoo Digital below 57.5 will invariably lead to 40p and hopefu ……..

Subscribe for more

</p

View Previous Zoo Digital & Big Picture ***

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

MPAC Group Plc (LSE:MPAC) , successful rappers…

#Gold #Stoxx50  The packaging industry was an area where some personal experience left a long lasting impression. After making the mistake of inventing something, winning awards, meeting astronauts etc, the next stage came when needing it manufactured, along with a demand for retail packaging and instructions, all of which soured the fun involved in getting a product ready for market.

Everything had happened quickly and the expectation of it taking years to “get to market” rapidly changed when a major retailer wanted the product on the shelves that year.

 

The manufacturing element proved remarkably easy as it was really a case of assembly as the required components could be ordered already pre-cut to size, the electronic elements also supplied ready to be soldered. Packaging however proved to be quite a different set of skills. Thankfully, a friend in the manufacturing industry knew a bit about the issues being faced, strongly suggesting we search for packaging types already available “off-the shelf” rather than attempt to produce a custom packaging solution. This was around the time when folk were joking at the need for a chainsaw to open many types of clear plastic packages, all of which displayed the contents but with packaging capable of deforming a pair of scissors.

Eventually, my little product was ready for market, able to be displayed everywhere mobile phones were sold in the UK. It had been a traumatic few months but now every aspect was covered aside from the niggling detail the packaging cost more than the product it contained. And then one day, the opportunity to change everything arrived with a phone call. One of the major mobile phone manufacturers wanted to take an option on my patent and such was the stature of the company, it would be crazy to dismiss the idea. After calling the retailer expecting to stock the product, they also agreed it would be short sighted to dismiss the offer as it implied the big time. After all the hassle involved in getting to this point, the idea of sitting back and waiting for royalty cheques without ever getting involved in packaging was too appealing, so I found myself waiting until this multi-national was ready to go live.

Unfortunately, a major change of requirements for the mobile phone network through a spanner in the works, needing each and every one of their mobiles redesigned to incorporate the new requirement. Time passed, then a year passed and finally was given the devastating news their product redesigns wasn’t able to accommodate my product. This was the start of a devastating series of events which saw me eventually opt to abandon the patent, rather than cough up just over £49k, a lot of money at that point in time. Thankfully, considerable success writing software for the financial sector ensured a regular income which could be trusted. So this is why Motorola phones never appeared, bundled with what has become known as Bluetooth headsets!

And everything I know about packaging says to avoid it…

 

It’s worth visiting MPAC’s website, just to enjoy the short video of a packaging robot on their homepage. ‘Mesmerising’ barely starts to describe the process, though they’d doubtless avoid giving star billing to a video showing fish being vacuum packed.

The company share price has enjoyed a pretty awful time in the last few years but we’re starting to wonder if they’re poised to experience some recovery. Visually, we’d a major expectation of the share perhaps bottoming just above 179p and the recent dip to 185 was certainly sufficiently close. The situation now exists of below 185 threatening a trip to 179 with secondary, if broken, working out at an eventual poisonous 129p sometime in the future.

However, the share price only needs exceed 218p currently to give the first signal pointing at recovery, ideally triggering movement to an initial 236 with our secondary, if exceeded, at 257p. Should such a cycle commence, we shall not be surprised if the price continues to pedal uphill to an eventual 328p and some almost certain hesitation.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:33:49PM BRENT 9175.8 Shambles
9:37:26PM GOLD 1908.44 1908 1895 1876 1916 1915 1918 1923 1907
9:40:08PM FTSE 7528
9:42:53PM STOX50 4217.2 4196 4160 4120 4219 4238 4250 4268 4212 ‘cess
9:46:23PM GERMANY 15638.6 Success
9:49:23PM US500 4470.9 ‘cess
9:51:59PM DOW 34591.5
9:54:28PM NASDAQ 15370.9 ‘cess
9:56:46PM JAPAN 32856 ‘cess

 

13/09/2023 FTSE Closed at 7525 points. Change of -0.03%. Total value traded through LSE was: £ 5,272,761,043 a change of 13.44%
12/09/2023 FTSE Closed at 7527 points. Change of 0.41%. Total value traded through LSE was: £ 4,648,224,872 a change of 0.61%
11/09/2023 FTSE Closed at 7496 points. Change of 0.24%. Total value traded through LSE was: £ 4,619,826,018 a change of -15.09%
8/09/2023 FTSE Closed at 7478 points. Change of 0.5%. Total value traded through LSE was: £ 5,440,944,541 a change of 24.28%
7/09/2023 FTSE Closed at 7441 points. Change of 0.2%. Total value traded through LSE was: £ 4,377,889,513 a change of 26.38%
6/09/2023 FTSE Closed at 7426 points. Change of -0.15%. Total value traded through LSE was: £ 3,464,082,337 a change of -12.27%
5/09/2023 FTSE Closed at 7437 points. Change of -0.2%. Total value traded through LSE was: £ 3,948,449,247 a change of 27.07%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BP. BP PLC** **LSE:CNA Centrica** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:IHG Intercontinental Hotels Group** **

********

Updated charts published on : BP PLC, Centrica, Diageo, Empyrean, Intercontinental Hotels Group,

LSE:BP. BP PLC Close Mid-Price: 508.2 Percentage Change: -2.79% Day High: 525.9 Day Low: 506.9

All BP PLC needs are mid-price trades ABOVE 525.9 to improve acceleration ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 166.2 Percentage Change: + 1.62% Day High: 166.05 Day Low: 163.5

Target met. All Centrica needs are mid-price trades ABOVE 166.05 to impro ……..

Subscribe for more

</p

View Previous Centrica & Big Picture ***

LSE:DGE Diageo Close Mid-Price: 3148 Percentage Change: -0.44% Day High: 3157.5 Day Low: 3112

Target met. If Diageo experiences continued weakness below 3112, it will ……..

Subscribe for more

</p

View Previous Diageo & Big Picture ***

LSE:EME Empyrean Close Mid-Price: 0.85 Percentage Change: -2.97% Day High: 0.85 Day Low: 0.85

Weakness on Empyrean below 0.85 will invariably lead to 0.75 with seconda ……..

Subscribe for more

</p

View Previous Empyrean & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6216 Percentage Change: + 0.78% Day High: 6242 Day Low: 6134

Target met. Continued trades against IHG with a mid-price ABOVE 6242 shou ……..

Subscribe for more

</p

View Previous Intercontinental Hotels Group & Big Picture ***

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

Direct Line Group (LSE:DLG) and the chance of share price increases?

#FTSE #Nasdaq  Our second reader request of the week surprised us. With the incessant range of dire insurance company adverts on television, it’s easy to assume most investors would steer clear of the sector, lest they end up in catchphrase hell. DLG even make this clear on their homepage, describing their various brands as “each having its own clearly defined personality”. Our own assumption would be they’d rate brands by profitability, rather than whether a cartoon character was fooling the gullible.

Ongoing efforts by corporate bodies to present themselves as cuddly, friendly, responsive, often tend utterly fall apart in the face of any difficulty. In our own household, we’ve annual reasons for fury, namely insurance renewals. Quite why an insurance company thinks it’s a good idea to double policy costs defeats us, making us suspect it’s because we’ve failed to burn our house down, crash each car, and claimed on pet insurance. But, here in Argyll, very little ever happens aside from cries of fury, when people open insurance renewal quotes. And then spending time on comparison websites to discover the extent of attempted fraud perpetuated by the insurance industry quickly reminds how crooked the business is, once their cuddly dogs, singing admirals, phones with wheels, are ignored.

Following a particular event with one of the biggies, we’re now careful to visit bank payment mandates to ensure nothing is set to automatically renew. Instead, insurance renewal has become an annual declaration of war against an industry attempting to paint themselves as having ethics. Thankfully, we ensured ALL our domestic policies fall due for renewal every June, making the time of battle a fairly short and sharp period.

 

Despite our rather negative view of the insurance industry, for DLG there appears a good reason to keep an eye on them in the months to come. Currently, above 184p looks capable of triggering share price recovery to 210p with secondary, if bettered, calculating at 240p and essentially undoing all the damage to their share price during 2023. At this level, the visuals imply plenty of reason for some hesitation to occur but crucially, closure above 240 shall be viewed as important, taking the share price into a region where a future 337p can be hoped.

However, things are currently far from “safe” as below 150p risks promoting reversal to a cuddly 108p and an almost certain rebound. Our secondary, should such a level break, calculates down at a less likely 34p.

Overall, we feel the imperative from 108p has already shown some strength in the share price as the recent dips to the 130’s look like the market has deemed the drops as “close enough”. Should this visual impression be correct, this is perhaps 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
9:36:22PM BRENT 9171.9 Success
9:39:17PM GOLD 1913.15 Success
9:41:45PM FTSE 7515.8 7495 7484 7462 7520 7533 7554 7567 7513
9:44:07PM STOX50 4239.5
9:47:57PM GERMANY 15705.6
9:53:41PM US500 4463.5
10:19:53PM DOW 34651 ‘cess
10:22:59PM NASDAQ 15297.4 15284 15262 15189 15339 15439 15467 15530 15373
10:25:18PM JAPAN 32774 ‘cess

 

12/09/2023 FTSE Closed at 7527 points. Change of 0.41%. Total value traded through LSE was: £ 4,648,224,872 a change of 0.61%
11/09/2023 FTSE Closed at 7496 points. Change of 0.24%. Total value traded through LSE was: £ 4,619,826,018 a change of -15.09%
8/09/2023 FTSE Closed at 7478 points. Change of 0.5%. Total value traded through LSE was: £ 5,440,944,541 a change of 24.28%
7/09/2023 FTSE Closed at 7441 points. Change of 0.2%. Total value traded through LSE was: £ 4,377,889,513 a change of 26.38%
6/09/2023 FTSE Closed at 7426 points. Change of -0.15%. Total value traded through LSE was: £ 3,464,082,337 a change of -12.27%
5/09/2023 FTSE Closed at 7437 points. Change of -0.2%. Total value traded through LSE was: £ 3,948,449,247 a change of 27.07%
4/09/2023 FTSE Closed at 7452 points. Change of -0.16%. Total value traded through LSE was: £ 3,107,267,145 a change of -28.59%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BP. BP PLC** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:RR. Rolls Royce** **

********

Updated charts published on : BP PLC, Diageo, Empyrean, Intercontinental Hotels Group, IQE, Rolls Royce,

LSE:BP. BP PLC. Close Mid-Price: 522.8 Percentage Change: + 1.06% Day High: 523.3 Day Low: 513

Further movement against BP PLC ABOVE 523.3 should improve acceleration t ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

LSE:DGE Diageo Close Mid-Price: 3162 Percentage Change: -0.43% Day High: 3195 Day Low: 3160.5

In the event Diageo experiences weakness below 3160.5 it calculates with ……..

Subscribe for more

</p

View Previous Diageo & Big Picture ***

LSE:EME Empyrean Close Mid-Price: 0.88 Percentage Change: -10.25% Day High: 1.07 Day Low: 0.95

This stinks a little bit, due to an attempt being made to assure the marke ……..

Subscribe for more

</p

View Previous Empyrean & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6168 Percentage Change: + 0.75% Day High: 6184 Day Low: 6136

In the event of Intercontinental Hotels Group enjoying further trades bey ……..

Subscribe for more

</p

View Previous Intercontinental Hotels Group & Big Picture ***

LSE:IQE IQE. Close Mid-Price: 17 Percentage Change: + 3.28% Day High: 17.6 Day Low: 15.6

Continued weakness against IQE taking the price below 15.6 calculates as ……..

Subscribe for more

</p

View Previous IQE & Big Picture ***

LSE:RR. Rolls Royce. Close Mid-Price: 224.4 Percentage Change: + 0.36% Day High: 226.1 Day Low: 222.8

Further movement against Rolls Royce ABOVE 226.1 should improve accelerat ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

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

Bushveld Minerals (LSE:BMN), time to wake up?

#Gold #SP500  This week, we’re doing a few “Readers Requests”, if only due to the number we’re dodging in our email. August being August, we dodged the issue as the number of folk reading our daily blurb drops dramatically. But it’s now September and the stock market shall doubtless resume its usual misbehaviour.  There’s a funny thing about Bushveld, one which ties rather neatly with our recent comment of timeframes being an issue.

Nearly five years ago, we’d pointed out the potential of Bushveld Minerals reaching down to 1.9p but really didn’t think the arithmetic set of circumstances would arise. Of course, that all changed when Covid-19 kicked off in 2020 and the rest, as they say, is history. It was to take until a week ago but finally, Bushveld completed its long trek downhill and reached our target level of 1.9p. Another side to this tale was equally silly. In the same report, we’d created a set of parameters with a target level at 39p. The market opted to exhibit its sense of humour, reaching this target within just a week of the analysis. If only shares would come with something like a microwave timer!

For Bushveld, the situation with this battery material major remains the same, we still cannot calculate below 1.9p, so perhaps there’s a reasonable argument which shall reveal upward triggers for the share price which shall signify proper share price recovery. We cannot help but smile at the “vanadium” market, a resource obviously absent from Scotland but this little country has its own designs for effective power storage. A major project has kicked off, pumping water uphill to be stored inside a mountain, only released when generators need turned. This is presumably a hedge against the phenomena of cold winter months, when the wind sometimes doesn’t blow for weeks on end and windfarms remain static. At least, this did happen in 2010 and again for a few days last winter.

The immediate situation for BMN suggests paying some attention, if the share price stumbles above 2.65p as this should ideally trigger near term price recovery to an initial 3.7p. If exceeded, our secondary ambition works out at 4.5p and a share price level where our software demands the price actually close a session before becoming too excited for the longer term.

Perhaps this shall be a share, where “the only way is up” could become a justified theme tune.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:20:48PM BRENT 9030.7 ‘cess
9:25:06PM GOLD 1922.15 1921 1918 1914 1925 1931 1934 1940 1923
9:27:13PM FTSE 7507.4 ‘cess
9:29:18PM STOX50 4262.5 ‘cess
9:31:59PM GERMANY 15825.7 ‘cess
9:34:31PM US500 4486 Success
9:54:07PM DOW 34661.5 34566 34497 34401 34674 34730 34823 35002 34630 Success
9:56:13PM NASDAQ 15459.6 ‘cess
9:58:25PM JAPAN 32661 ‘cess

 

11/09/2023 FTSE Closed at 7496 points. Change of 0.24%. Total value traded through LSE was: £ 4,619,826,018 a change of -15.09%
8/09/2023 FTSE Closed at 7478 points. Change of 0.5%. Total value traded through LSE was: £ 5,440,944,541 a change of 24.28%
7/09/2023 FTSE Closed at 7441 points. Change of 0.2%. Total value traded through LSE was: £ 4,377,889,513 a change of 26.38%
6/09/2023 FTSE Closed at 7426 points. Change of -0.15%. Total value traded through LSE was: £ 3,464,082,337 a change of -12.27%
5/09/2023 FTSE Closed at 7437 points. Change of -0.2%. Total value traded through LSE was: £ 3,948,449,247 a change of 27.07%
4/09/2023 FTSE Closed at 7452 points. Change of -0.16%. Total value traded through LSE was: £ 3,107,267,145 a change of -28.59%
1/09/2023 FTSE Closed at 7464 points. Change of 0.34%. Total value traded through LSE was: £ 4,351,126,417 a change of -43.85%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BP. BP PLC** **LSE:CNA Centrica** **LSE:DARK Darktrace Plc** **LSE:DGE Diageo** **LSE:FOXT Foxtons** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:SPT Spirent Comms** **

********

Updated charts published on : BP PLC, Centrica, Darktrace Plc, Diageo, Foxtons, Intercontinental Hotels Group, IQE, Spirent Comms,

LSE:BP. BP PLC. Close Mid-Price: 517.3 Percentage Change: + 0.00% Day High: 521.7 Day Low: 515.3

Target met. In the event of BP PLC enjoying further trades beyond 521.7, ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 162.45 Percentage Change: + 0.34% Day High: 164 Day Low: 161.9

In the event of Centrica enjoying further trades beyond 164, the share sh ……..

Subscribe for more

</p

View Previous Centrica & Big Picture ***

LSE:DARK Darktrace Plc. Close Mid-Price: 410 Percentage Change: + 1.61% Day High: 418.4 Day Low: 406.4

Continued trades against DARK with a mid-price ABOVE 418.4 should improve ……..

Subscribe for more

</p

View Previous Darktrace Plc & Big Picture ***

LSE:DGE Diageo Close Mid-Price: 3175.5 Percentage Change: -0.77% Day High: 3216 Day Low: 3162

Weakness on Diageo below 3162 will invariably lead to 3121p with secondar ……..

Subscribe for more

</p

View Previous Diageo & Big Picture ***

LSE:FOXT Foxtons. Close Mid-Price: 36.2 Percentage Change: + 3.43% Day High: 36.2 Day Low: 36.2

All Foxtons needs are mid-price trades ABOVE 40 to improve acceleration t ……..

Subscribe for more

</p

View Previous Foxtons & Big Picture ***

LSE:IHG Intercontinental Hotels Group Close Mid-Price: 6122 Percentage Change: -0.20% Day High: 6156 Day Low: 6016

All Intercontinental Hotels Group needs are mid-price trades ABOVE 6156 t ……..

Subscribe for more

</p

View Previous Intercontinental Hotels Group & Big Picture ***

LSE:IQE IQE Close Mid-Price: 16.46 Percentage Change: -2.60% Day High: 16.96 Day Low: 16.26

If IQE experiences continued weakness below 16.26, it will invariably lea ……..

Subscribe for more

</p

View Previous IQE & Big Picture ***

LSE:SPT Spirent Comms Close Mid-Price: 145.8 Percentage Change: -0.75% Day High: 147.1 Day Low: 141.7

If Spirent Comms experiences continued weakness below 141.7, it will inva ……..

Subscribe for more

</p

View Previous Spirent Comms & Big Picture ***

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

Lloyds Bank (LSE:LLOY) and is it time for fun?

#Brent #DaxFutures  There remains a degree of “back to school” attitude available, when reviewing Lloyds Bank. Three weeks ago, we paid homage to the Blue line on the chart, along with the exquisite care employed by the markets to ensure this share Closing price didn’t stumble below the trend. Unsurprisingly, we were again correct and even our target drop price of 41p proved underwhelmingly accurate.

On September 7th, the share price closed at 41.03p!

The next day, the share did tumble below 41p with intraday traffic but, we’re starting to wonder if the Blue line and the 41p level have been deemed sacrosanct. Maybe this shall prove to be the case but for now, we suspect below 40.70 shall provoke weakness to 38.90 next with our secondary, if broken, at 36.7p. The visuals give warning, should such a miserable situation come to fruition, a visit to 38.9p may take under mid-October with our 36.7p making an appearance mid-November, should the Blue line remain a step too far for the market. Which is a ridiculous notion as one thing we consistently prove is we’re a bit rubbish at timeframes! Should the right set of circumstances align, the market will take a share directly to a target level without pausing to consider our feelings…

We’re going to embrace the notion 41p shall perhaps be a bottom for the share price and for now, the only way is up. Obviously, for any number of reasons this is questionable but a letter arrived on Saturday telling me to turn up on 9th October for my Sixth Covid-19 vaccination, a sharp reminder the pandemic has not gone away. In the last week, “lucky” enough to chat to my local GP, along with my Consultant in the blood unit at hospital, I’d carried out an amateur straw poll for their opinions regarding the jag. Both, quite strongly, voted in favour. This is perhaps significant, each dealing with real life patients on a daily basis with the hospital consultant being the most forceful, claiming deaths due to Covid have been understated, rather than enhanced to induce panic vaccine take up. She did ask if I’d trust anyone on Twitter or Reddit, giving an opinion on dealing with an irritating Leukaemia?

To cut to the chase, it was a sharp reminder the “fun” times of Covid-19 have not yet gone away.

More seriously though, if Lloyds share price intends a rise (finally), what are the potentials?

Above just 41.8p should give some immediate hope, calculating with the potential of an imminent rise to 42.6p. In the grand scheme of things, perhaps not the most fascinating change in circumstances but maybe a scenario allowing a cheeky little day trade, hopefully one which shall not trap someones funds. Our longer term secondary, if this initial target is exceeded, works out at a more encouraging 44.1p but importantly, thanks to a couple of price manipulation gaps during August, this could easily continue acceleration to a future 45.2p!

 

In summary, we suspect Lloyds are about to produce some sort of share price recovery but visually, nothing particularly earth shattering seems to be on the cards. We shall need to interrogate our tea leaves to look beyond the current 45.2p ambition.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
8:21:44PM BRENT 9016.1 8901 8870 8802 8987 9075 9090 9153 8977
8:29:53PM GOLD 1918.62 1919
8:31:41PM FTSE 7483.3 7464
8:35:18PM STOX50 4236.3 4225
8:38:29PM GERMANY 15735.4 15574 15525 15500 15686 15790 15844 15934 15708
8:41:01PM US500 4459 4457
8:58:35PM DOW 34575 34548
9:00:41PM NASDAQ 15297.3 15292
9:02:59PM JAPAN 32726 32683

 

8/09/2023 FTSE Closed at 7478 points. Change of 0.5%. Total value traded through LSE was: £ 5,440,944,541 a change of 24.28%
7/09/2023 FTSE Closed at 7441 points. Change of 0.2%. Total value traded through LSE was: £ 4,377,889,513 a change of 26.38%
6/09/2023 FTSE Closed at 7426 points. Change of -0.15%. Total value traded through LSE was: £ 3,464,082,337 a change of -12.27%
5/09/2023 FTSE Closed at 7437 points. Change of -0.2%. Total value traded through LSE was: £ 3,948,449,247 a change of 27.07%
4/09/2023 FTSE Closed at 7452 points. Change of -0.16%. Total value traded through LSE was: £ 3,107,267,145 a change of -28.59%
1/09/2023 FTSE Closed at 7464 points. Change of 0.34%. Total value traded through LSE was: £ 4,351,126,417 a change of -43.85%
31/08/2023 FTSE Closed at 7439 points. Change of -0.45%. Total value traded through LSE was: £ 7,748,715,745 a change of 104.69%

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:AAL Anglo American** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DARK Darktrace Plc** **LSE:DGE Diageo** **LSE:GRG Greggs** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **

********

Updated charts published on : Anglo American, Centrica, Capita, Darktrace Plc, Diageo, Greggs, Intercontinental Hotels Group, Just Eat, Lloyds Grp., Rolls Royce, Standard Chartered,

LSE:AAL Anglo American Close Mid-Price: 2023 Percentage Change: -0.12% Day High: 2043 Day Low: 1994.8

Continued weakness against AAL taking the price below 1994.8 calculates a ……..

Subscribe for more

</p

View Previous Anglo American & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 161.9 Percentage Change: + 1.63% Day High: 162.15 Day Low: 158.55

Target met. Further movement against Centrica ABOVE 162.15 should improve ……..

Subscribe for more

</p

View Previous Centrica & Big Picture ***

LSE:CPI Capita. Close Mid-Price: 16.36 Percentage Change: + 0.80% Day High: 16.53 Day Low: 16.16

Target met. In the event Capita experiences weakness below 16.16 it calcu ……..

Subscribe for more

</p

View Previous Capita & Big Picture ***

LSE:DARK Darktrace Plc. Close Mid-Price: 403.5 Percentage Change: + 5.24% Day High: 411.9 Day Low: 384.6

Further movement against Darktrace Plc ABOVE 411.9 should improve acceler ……..

Subscribe for more

</p

View Previous Darktrace Plc & Big Picture ***

LSE:DGE Diageo. Close Mid-Price: 3200 Percentage Change: + 0.79% Day High: 3203 Day Low: 3164

Target met. Continued weakness against DGE taking the price below 3164p c ……..

Subscribe for more

</p

View Previous Diageo & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2398 Percentage Change: + 1.18% Day High: 2438 Day Low: 2356

If Greggs experiences continued weakness below 2356, it will invariably l ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6134 Percentage Change: + 0.99% Day High: 6136 Day Low: 6010

Target met. Further movement against Intercontinental Hotels Group ABOVE ……..

Subscribe for more

</p

View Previous Intercontinental Hotels Group & Big Picture ***

LSE:JET Just Eat. Close Mid-Price: 1012 Percentage Change: + 0.90% Day High: 1012 Day Low: 982

Weakness on Just Eat below 982 will invariably lead to 967 and hopefully ……..

Subscribe for more

</p

View Previous Just Eat & Big Picture ***

LSE:LLOY Lloyds Grp.. Close Mid-Price: 41.34 Percentage Change: + 0.76% Day High: 41.41 Day Low: 40.7

Continued weakness against LLOY taking the price below 40.7 calculates as ……..

Subscribe for more

</p

View Previous Lloyds Grp. & Big Picture ***

LSE:RR. Rolls Royce Close Mid-Price: 220.4 Percentage Change: -1.52% Day High: 225.3 Day Low: 218

Target met. Continued trades against RR. with a mid-price ABOVE 225.3 sho ……..

Subscribe for more

</p

View Previous Rolls Royce & Big Picture ***

LSE:STAN Standard Chartered. Close Mid-Price: 705.6 Percentage Change: + 0.06% Day High: 707.4 Day Low: 695.6

Weakness on Standard Chartered below 695.6 will invariably lead to 680p w ……..

Subscribe for more

</p

View Previous Standard Chartered & Big Picture ***

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

Our internationally famed FTSE for FRIDAY (FTSE:UKX)

#FTSE #GOLD  The weather has been causing problems with the markets. Or perhaps not, it just seems everything else is being blamed! Currently, the FTSE is exhibiting a strange series of movements we’re more inclined to assign to tightly controlled AIM shares. In the absence of a catchy phrase, we call this “Reacting to a trend from afar”. Whatever that means!

When a share price follows a trend, without actually disturbing it, generally this suggests the potential of any trend break provoking sharp movement. In the case of the FTSE, the chart below has a circled area, one which shows 5 intraday highs from London somehow deciding to mirror the immediate Blue downtrend. We’ve speculated quite often on just why this phenomena may occur but remain clueless as to any answer which isn’t ridiculous. However, there is one feature from this sort of thing as it’s often the case any future break of the trend will produce very sharp movements. In this instance, the “threat” is a break of the downtrend should provoke sharp upward movements, rather than a namby-pamby half hearted trip across a trend line.

In the case of the FTSE currently, if we choose to assign similar motivation to that which we suspect for AIM shares, the implications are quite extraordinary as, from a Big Picture viewpoint, we’re supposed to suggest moves next above just 7500 should kick off a cycle to 7637 next with secondary, if bettered, at 7800 points. While this is all very interesting and encouraging, our intention on a Friday is to produce one or two potentials which shall hopefully occur in the very near future.

For the FTSE, the near term suggestion is of strength bettering 7465 points triggering share price recovery toward an initial 7525 points. If bettered, our secondary calculates at 7595 points. If triggered, the tightest stop looks quite palatable at just 7425 points. Oddly, either one of these movements is allegedly capable of booting our Big Picture scenario into life…

Our converse scenario, demands the index slither below 7390 to move into a region where a reversal cycle down to 7307 becomes possible with our secondary, if broken, working out at a visually possible 7229 points.

In summary, we’re just not  sure which direction the market intends. It’s certainly getting very close to the point where a rush upward will make a lot of sense but the level of tight control in relation to that trend line bothers us.

Have a good weekend, even with a lack of Grand Prix.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:59:25PM BRENT 8953 8922 8908 8848 8972 8991 9015 9046 8958
10:01:45PM GOLD 1919.3 1915 1912 1909 1920 1923 1926 1929 1918
10:04:02PM FTSE 7443 7412 7396 7374 7447 7462 7478 7510 7430 ‘cess
10:07:07PM STOX50 4225.1 4208 4201 4184 4228 4245 4256 4272 4224
10:14:38PM GERMANY 15734 15653 15625 15568 15730 15796 15841 15903 15714
10:17:10PM US500 4452.5 4440 4425 4387 4460 4464 4474 4489 4446
10:19:42PM DOW 34517 34338 34307 34222 34419 34563 34603 34708 34477
10:22:49PM NASDAQ 15268 14967 14879 14747 15077 15369 15415 15507 15286 ‘cess
10:28:18PM JAPAN 32896 32769 32619 32383 32896 33290 33405 33617 33160
7/09/2023 FTSE Closed at 7441 points. Change of 0.2%. Total value traded through LSE was: £ 4,377,889,513 a change of 26.38%
6/09/2023 FTSE Closed at 7426 points. Change of -0.15%. Total value traded through LSE was: £ 3,464,082,337 a change of -12.27%
5/09/2023 FTSE Closed at 7437 points. Change of -0.2%. Total value traded through LSE was: £ 3,948,449,247 a change of 27.07%
4/09/2023 FTSE Closed at 7452 points. Change of -0.16%. Total value traded through LSE was: £ 3,107,267,145 a change of -28.59%
1/09/2023 FTSE Closed at 7464 points. Change of 0.34%. Total value traded through LSE was: £ 4,351,126,417 a change of -43.85%
31/08/2023 FTSE Closed at 7439 points. Change of -0.45%. Total value traded through LSE was: £ 7,748,715,745 a change of 104.69%
30/08/2023 FTSE Closed at 7473 points. Change of -100%. Total value traded through LSE was: £ 3,785,593,396 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AAL Anglo American** **LSE:CNA Centrica** **LSE:HL. Hargreaves Lansdown** **LSE:IQE IQE** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:SPT Spirent Comms** **

********

Updated charts published on : Anglo American, Centrica, Hargreaves Lansdown, IQE, Just Eat, Lloyds Grp., Spirent Comms,

LSE:AAL Anglo American Close Mid-Price: 2025.5 Percentage Change: -2.90% Day High: 2064 Day Low: 2015

Weakness on Anglo American below 2015 will invariably lead to 1975 with s ……..

Subscribe for more

</p

View Previous Anglo American & Big Picture ***

LSE:CNA Centrica. Close Mid-Price: 159.3 Percentage Change: + 2.08% Day High: 159.45 Day Low: 154.9

Target met. Continued trades against CNA with a mid-price ABOVE 159.45 sh ……..

Subscribe for more

</p

View Previous Centrica & Big Picture ***

LSE:HL. Hargreaves Lansdown Close Mid-Price: 736 Percentage Change: -0.70% Day High: 740.8 Day Low: 728.2

If Hargreaves Lansdown experiences continued weakness below 728.2, it wil ……..

Subscribe for more

</p

View Previous Hargreaves Lansdown & Big Picture ***

LSE:IQE IQE Close Mid-Price: 16.74 Percentage Change: -1.53% Day High: 17.24 Day Low: 16.58

Weakness on IQE below 16.58 will invariably lead to 15p with secondary (i ……..

Subscribe for more

</p

View Previous IQE & Big Picture ***

LSE:JET Just Eat Close Mid-Price: 1003 Percentage Change: -2.62% Day High: 1021 Day Low: 995.5

If Just Eat experiences continued weakness below 995.5, it will invariabl ……..

Subscribe for more

</p

View Previous Just Eat & Big Picture ***

LSE:LLOY Lloyds Grp. Close Mid-Price: 41.03 Percentage Change: -1.12% Day High: 41.55 Day Low: 41.09

Weakness on Lloyds Grp. below 41.09 will invariably lead to 40.48 with se ……..

Subscribe for more

</p

View Previous Lloyds Grp. & Big Picture ***

LSE:SPT Spirent Comms Close Mid-Price: 144.7 Percentage Change: -2.69% Day High: 148.8 Day Low: 144.4

Target met. In the event Spirent Comms experiences weakness below 144.4 i ……..

Subscribe for more

</p

View Previous Spirent Comms & Big Picture ***

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