Trends And Targets

#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** **

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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, ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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

#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** **

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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

#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** **

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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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 ……..

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

#Gold #WallSt  Plumbing is a funny old game. Plexus Holdings, famed for their ability to provide leak-free wellheads in over 400 oil wells, are essentially an upmarket plumber specialising in joining pipes together in some pretty challenging high pressure environments. The whimsical description is a bit unfair, due to plumbers not actually producing anything whereas it appears Plexus have been knocking together impressive equipment for over 35 years.

There’s a funny story, often repeated, about a bloke called Bert who’d worked at a refinery since it opened and upon his retirement, the CEO sent him a vague “All the best” email. Some of the guys he’d worked alongside organised drinks after work on his final day and it was a low key, unappreciated end to a 40 year career. A few years later, there was a change to the fuel storage lines, a complex job which drove the engineers mad as sudden backpressure kept locking the entire refinery process up. Eventually, someone suggested phoning “Bert” as he’d been present during every design change and was notorious for wanting to know everything, an attitude which site engineers rarely appreciate in a mechanic. Bert duly turned up, spent the morning touring the refinery and examining every alteration. Eventually, he made a recommendation which the head engineer gladly accepted. He’d used blue chalk to mark a big X on a line, suggesting the point at which a pressure relief valve be fitted.

When his invoice appeared, all hell broke loose. He billed 1 dollar for a piece of chalk and 1,000,000 dollars for his time. The CEO demanded an urgent meeting, painfully aware the consultation had been open ended with no discussion as to what the fee would be.

“You only used the chalk to draw an X on a pipe and were only here for 5 hours!” said the CEO

“Ahh, you’re forgetting that you’re paying me, for knowing where to put that X,” said Bert.

 

For some reason, plumbing stories tend be the funniest, perhaps because they rarely end with death but more often, someone soaked and a building flooded. From a personal perspective, things went terribly wrong this evening when inspecting my latest batch of Cider. It was all mixed together on Sunday and in the period since, nothing has been happening. Usually, a layer of bubbles signifies fermentation has commenced and you can ever hear a gentle fizz, similar to champagne, if listening closely. This particular batch was silent and placid, making me question whether the yeast had actually managed to mix properly.

There was an easy fix.

With one hand over the top of the 5 litre bottle, a opening which usually would be covered by a 8cm lid, a good shaking commenced. The champagne shower on the winners podium at the end of a Grand Prix race didn’t have a patch on what happened within seconds. The CO2 in the 3 day old cider expanded, forcing my hand away from the lid with a gush of cider spraying straight up to the ceiling. And then it came down on me while in a panic, I tried to direct the foam fountain toward the kitchen sink, drowning the microwave in the process. Eventually, a towel over the opening, the container contents settled down with perhaps a litre sprinkled around the room. There was a useful end to the chaos, a use being found for a quarantine mask as it could be neatly sealed on the top of the bottle, allowing it to breath. Conventional “bubble devices” cannot safely be used with cider and now, I understand why. Usually, I just drape a dish towel over the test 5 litre bottle.

Fermenting apple juice can prove energetic, causing an hour of cleaning, a shower, and a change of clothes. How my wife laughed.

Plexus share price has endured a pretty foul time since 2014 when it topped out around 322p. Now trading at 14.75p, there are early signs further price recovery can be hoped for. Movements in the last few sessions certainly suggest something is giving it as good a shake as the aforementioned cider experienced. Now above 18.25p should trigger a cycle to an initial 26.6p but, given a prior high around the 24p level, we’d also suspect some hesitation to established itself in such a journey. Should the share close above the 24p level, there’s quite a strong argument favouring a longer term cycle commencing to a future 36.5p.

The next major future hurdle to cross looks almost certain to be the funny series of movements which took place in 2019, where for some reason the market discovered a serious fascination with the 35p level. Visually, we’re happy to conclude closure above 35p will ideally signify a game changer for the seriously long term as quite impressive share price movement can be anticipated, once this barrier becomes a footnote in history.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:05:19PM	BRENT	9043.5
10:53:35PM	GOLD	1916.27	1914	1911	1897	1927	1929	1935	1942	1921	Success
10:56:02PM	FTSE	7420.1								7397
10:58:23PM	STOX50	4235.9								4232
11:01:38PM	GERMANY	15725.9								15730
11:06:06PM	US500	4465.2								4479
11:08:58PM	DOW	34430.5	34288	34191.5	3887	34454	34661	34757	34914		Success
11:11:04PM	NASDAQ	15369.6								15393	‘cess
11:13:42PM	JAPAN	33111								33133

 

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 0.11%. Total value traded through LSE was: £ 3,785,593,396 a change of -59.43%

29/08/2023 FTSE Closed at 7465 points. Change of -100%. Total value traded through LSE was: £ 9,331,622,622 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:AV. Aviva** **LSE:BP. BP PLC** **LSE:CPI Capita** **LSE:JET Just Eat** **LSE:STAN Standard Chartered** **

********

Updated charts published on : Anglo American, Aviva, BP PLC, Capita, Just Eat, Standard Chartered,

LSE:AAL Anglo American Close Mid-Price: 2086 Percentage Change: -0.74% Day High: 2097 Day Low: 2062

If Anglo American experiences continued weakness below 2062, it will inva ……..

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LSE:AV. Aviva Close Mid-Price: 369.9 Percentage Change: -0.43% Day High: 370.5 Day Low: 366.5

Target met. Weakness on Aviva below 366.5 will invariably lead to 363p wi ……..

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LSE:BP. BP PLC. Close Mid-Price: 515.9 Percentage Change: + 0.86% Day High: 518.6 Day Low: 507.9

Continued trades against BP. with a mid-price ABOVE 518.6 should improve ……..

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LSE:CPI Capita Close Mid-Price: 16.63 Percentage Change: -2.86% Day High: 17.09 Day Low: 16.25

Continued weakness against CPI taking the price below 16.25 calculates as ……..

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LSE:JET Just Eat Close Mid-Price: 1030 Percentage Change: -4.89% Day High: 1073 Day Low: 1015

In the event Just Eat experiences weakness below 1015 it calculates with ……..

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LSE:STAN Standard Chartered Close Mid-Price: 702.4 Percentage Change: -0.17% Day High: 704.6 Day Low: 693.8

If Standard Chartered experiences continued weakness below 693.8, it will ……..

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

#FTSE #Nasdaq  A few emails arrived, asking our “take” on Harland & Wolff, a shipbuilder best known for one of their products which sank on its maiden voyage, The Titanic. Their share price, quite often, hasn’t fared much better than the ship but now, something unusual appears to be happening. Thankfully, this is a tale which doesn’t involve an iceberg or a film I haven’t watched.

If only the drone of the theme song had been as easy to filter out from day to day life!

 

First though, something quite unusual has been happening with their share price in the last few sessions and it illustrates quite clearly why we prefer witnessing a share close beyond a trend line, rather than trust any intraday values. At the end of August, Harland & Wolff celebrated with a share price which soared to 19p, maybe not that big a deal as it’s currently at 15.25p. But on the day itself, the movement proved less modest with the market closing the session just above the 17p level. In the normal turn of events, this sort of thing isn’t a big deal but for Harland & Wolff, it perhaps signifies something quite important. The share has a very obvious downtrend since 2021 and on August 31st, the market took precise care to ensure the share price closed hard against the Blue trend line, ensuring it was only the kiss of an iceberg rather than a full blown puncture!

On the rare occasions when this sort of thing happens, we always question why the price wasn’t allowed to break free, instead kept imprisoned below the Blue line. Was the market simply not ready to let it run free or does the market know something? A cliché saying; ‘the market always knows best’ certainly springs to mind but our inclination is to take the visit to 19p as an early warning shot.

It’s now the case where above 19p calculates with the potential of a visit to an initial 21.9 with secondary, if exceeded, working out at a long term 31p and a price level where the visuals demand some hesitation and the need for us to revisit the numbers.

Our usual alternate scenario requires the share sink below 10p to cause a rush to the lifeboats, allowing for reversal to an initial 7p with secondary, if broken, down in the 3p zone and perhaps a bounce. But visually, we’re inclined toward some hope for the future, doubtless fuelled by good news from the company.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:39:03PM	BRENT	8985									Success
9:42:43PM	GOLD	1926
9:45:06PM	FTSE	7419.3	7387	7355	7313	7430	7458	7486	7519	7423	Success
9:47:13PM	STOX50	4260.6									Success
9:49:51PM	GERMANY	15750.5									Success
10:02:20PM	US500	4494									Success
10:04:59PM	DOW	34652									‘cess
10:08:08PM	NASDAQ	15486	15394	15310	15204	15483	15558	15627	15705	15475	Success
10:12:02PM	JAPAN	33056

\

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 0.11%. Total value traded through LSE was: £ 3,785,593,396 a change of -59.43%

29/08/2023 FTSE Closed at 7465 points. Change of 1.73%. Total value traded through LSE was: £ 9,331,622,622 a change of 194.32%

25/08/2023 FTSE Closed at 7338 points. Change of -100%. Total value traded through LSE was: £ 3,170,549,348 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AV. Aviva** **LSE:BP. BP PLC** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:SCLP Scancell** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **

********

Updated charts published on : AFC Energy, Aviva, BP PLC, Centrica, Capita, Scancell, Standard Chartered, Tullow,

LSE:AFC AFC Energy. Close Mid-Price: 18.9 Percentage Change: + 13.31% Day High: 19.6 Day Low: 16.5

Further movement against AFC Energy ABOVE 19.6 should improve acceleratio ……..

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LSE:AV. Aviva Close Mid-Price: 371.5 Percentage Change: -0.35% Day High: 374.5 Day Low: 368.9

In the event Aviva experiences weakness below 368.9 it calculates with a ……..

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LSE:BP. BP PLC. Close Mid-Price: 511.5 Percentage Change: + 1.95% Day High: 514.3 Day Low: 497.2

Target met. All BP PLC needs are mid-price trades ABOVE 514.3 to improve ……..

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LSE:CNA Centrica. Close Mid-Price: 156 Percentage Change: + 1.96% Day High: 156.45 Day Low: 152.4

All Centrica needs are mid-price trades ABOVE 156.45 to improve accelerat ……..

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LSE:CPI Capita Close Mid-Price: 17.12 Percentage Change: -2.51% Day High: 17.61 Day Low: 17

Weakness on Capita below 17 will invariably lead to 16p with secondary (i ……..

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LSE:SCLP Scancell. Close Mid-Price: 9.25 Percentage Change: + 13.50% Day High: 9.25 Day Low: 7.65

Weakness on Scancell below 7.65 will invariably lead to 6.1 with secondar ……..

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LSE:STAN Standard Chartered Close Mid-Price: 703.6 Percentage Change: -0.82% Day High: 711.6 Day Low: 695.6

Continued weakness against STAN taking the price below 695.6 calculates a ……..

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LSE:TLW Tullow. Close Mid-Price: 39 Percentage Change: + 2.36% Day High: 39.84 Day Low: 37.46

Target met. Continued trades against TLW with a mid-price ABOVE 40p shoul ……..

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

#Gold #SP500 Wikipedia remains great fun, when trawling for background stories relating to major international players. It doesn’t matter what field they’re in but as soon as you discover a company has its roots in the late Victorian era, the odds favour a colourful history. The tale of Rio Tinto doesn’t disappoint, though it’s easy to forget their history embodies something almost in the company DNA.

Rio Tinto looks after Rio Tinto first and foremost and while they’ve left a bunch of governments crying at the alter while LSE:RIO has focussed on their own long term success, obviously the benefit of not needing stand for an election every few years. It’s easy to take the moral high ground and criticise the company behaviour but, for instance, if reviewing their 2020 destruction of the 46,000 year old aboriginal site in Australia, the media tend gloss over the salient detail they’d been given permission to destroy it in 2013 by the Australian government. Conversely, one would have thought the corporate body would recognise the PR potentials of relocating and recreating the site to an area where it could be viewed and appreciated.

For a quick read and discovery of which governments and organisations Rio Tinto have fallen out with, a visit to their Wikipedia page is recommended.

 

As for their share price, it’s currently reflecting the general confusion being exhibited since the pandemic eased with the price bouncing around in a useless fashion, one which fails to give any sort of clue to direction. Share price behaviour this year hasn’t managed to clear the issue, the price probably needing above 5,500p before giving the first clue of something helpful actually happening. We can calculate a movement such as this as being capable of promoting recovery to an initial 5,762p with our longer term secondary, if bettered, at 6,180p. There’s even an added bonus as, should Rio Tinto managed to actually close a session above this initial target of 5,762p, it’s going to be viewed as entering a cycle which promises an eventual visit to 6,709p. One thing which really surprises us came, when drawing a line from the previous historic high of 2008. Any visit to our 6,709 ambition rather exactly shows as challenging this long term trend!

As always, we can dust down a converse scenario for the company.

Movement now below 4,850 risks embracing the prospect of reversal to an initial 4,684p with our secondary, should such a level break, calculating down at 4,100p and an almost certain rebound, due to the proximity of the Red uptrend since 2016. Visually, it becomes pretty certain many traders shall regard such a line as sacrosanct, though it’s an argument without any real foundation.

For now, we suspect Rio Tinto shall discover an excuse to sidle upwards… And more importantly, we managed to get to the end of the report without mentioning the boat which featured in the Duran Duran video for “Rio” is moored outside, here in Argyll. Alas, it lacks scantily clad models dancing on its deck as it’s used as a Sail Training vessel.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:05:30PM	BRENT	8883.8
10:09:42PM	GOLD	1938.01	1936	1931	1924	1942	1946	1948	1952	1940
10:12:34PM	FTSE	7448.5									‘cess
10:15:20PM	STOX50	4277.3									Shambles
10:17:13PM	GERMANY	15822.9
10:19:17PM	US500	4513.2	4509	4504	4497	4517	4526	4533	4541	4511
10:21:32PM	DOW	34785									Shambles
10:24:07PM	NASDAQ	15497.6
10:27:48PM	JAPAN	32896

 

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 0.11%. Total value traded through LSE was: £ 3,785,593,396 a change of -59.43%

29/08/2023 FTSE Closed at 7465 points. Change of 1.73%. Total value traded through LSE was: £ 9,331,622,622 a change of 194.32%

25/08/2023 FTSE Closed at 7338 points. Change of 0.07%. Total value traded through LSE was: £ 3,170,549,348 a change of -23.12%

24/08/2023 FTSE Closed at 7333 points. Change of -100%. Total value traded through LSE was: £ 4,124,022,746 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:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:GENL Genel** **LSE:SCLP Scancell** **LSE:TLW Tullow** **

********

Updated charts published on : Anglo American, Cellular Goods, Centrica, Genel, Scancell, Tullow,

LSE:AAL Anglo American Close Mid-Price: 2135 Percentage Change: -0.05% Day High: 2191 Day Low: 2129.5

This is behaving a little strangely. It needs above 2200 to suggest immine ……..

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LSE:BP. BP PLC. Close Mid-Price: 501.7 Percentage Change: + 0.18% Day High: 506.7 Day Low: 501.9

Further movement against BP PLC ABOVE 506.7 should improve acceleration t ……..

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LSE:CBX Cellular Goods Close Mid-Price: 0.55 Percentage Change: -4.35% Day High: 0.6 Day Low: 0.55

Continued weakness against CBX taking the price below 0.55 calculates as ……..

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LSE:CNA Centrica Close Mid-Price: 153 Percentage Change: -0.36% Day High: 154.3 Day Low: 152.2

In the event of Centrica enjoying further trades beyond 154.3, the share ……..

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LSE:GENL Genel. Close Mid-Price: 88.5 Percentage Change: + 6.12% Day High: 89 Day Low: 85

All Genel needs are mid-price trades ABOVE 89 to improve acceleration tow ……..

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LSE:SCLP Scancell Close Mid-Price: 8.15 Percentage Change: -18.50% Day High: 10.25 Day Low: 8.1

In the event Scancell experiences weakness below 8.1 it calculates with a ……..

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LSE:TLW Tullow. Close Mid-Price: 38.1 Percentage Change: + 2.31% Day High: 38.52 Day Low: 36.1

In the event of Tullow enjoying further trades beyond 38.52, the share sh ……..

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

#Brent #Dax  It’s that time of the year when we start getting a store of logs ready to burn over winter. The job, obviously, should have been done in May/June but the weather was frankly too hot. And July/August were misplaced, due to adverse reactions to a horse-fly bite. My wife, ever helpful, even bought another chainsaw from the Chinese Temu website, knowing it would “motivate” me to get started on the five trees I felled last Easter. Oh to have the courage to buy her a second vacuum cleaner with this reasoning.

To be fair, she thought her chainsaw purchase was a joke, the cutting blade only 6 inches long and designed to be powered by a cordless drill gun. Unsurprisingly for the £7 price, the gadget didn’t work when assembled so she complained and was immediately given a full refund and told to throw the item away. Of course, this wasn’t going to happen and it was quickly dismantled, discovering a crucial washer hadn’t been fitted. The washer and circlip were lying loose inside the guts of the thing! But once fitted and assembled properly, the little cutting chain was spinning around quite cheerfully while my wife and I glanced around the lounge deciding on what to try it on. When our eyes met with unspoken agreement, it was decided the coffee table, sideboard, tables, would be allowed to remain unscathed, so we rushed outside to the garden. Despite cordless drills being quite slow speed tools, the tiny little chainsaw made short work of an available tree branch, neatly sliced into woodburner segments within moments. If being honest, the job was a lot easier than getting set up with a 30 inch chainsaw and all the paraphernalia which ensues, topping up oil, prepping the correct fuel mix, and finally enjoying the battle to get it started.

There are times when it’s easy to be sore and tired out, just from the process of getting ready to employ a big chainsaw whereas this 6 inch dodgy Chinese purchase could display some very real use. The only thing missing was the presence of a 10 year old grand-daughter as I’ve always teased her that I’d train her to cut trees down. Thankfully, she visited for the weekend, her eyes lighting up at the prospect of joining me in the logging area to chop up a felled Holly tree. Inevitably, she thought “her” chainsaw was a disappointment, expecting to be finally allowed to use the big saw, a machine which probably weighs about the same as her. However, once she watched me using the “joke” chainsaw to lop a branch from the main tree, her attitude changed quite dramatically and within minutes she’d taken another branch off and sliced it into portions for the fire. She was even remembering to dip the small saw chain in an oil bath every few minutes, as chainsaw blades don’t last long without lubrication. As dusk made itself felt on Saturday, she’d to be told to leave the job, as the tree would still be there on Sunday morning. All things considered, we’d never anticipated coming across a “child safe” chainsaw nor thought it would prove sufficient to keep a 10 year olds attention for so long. She didn’t even object to wearing gloves or safety glasses. Once she departed for Edinburgh and I started filling the first for many wheelbarrow trips, I noticed the 6 foot trunk of a large Beech tree now sported damage inflicted by the pretend chainsaw. She’d clearly been experimenting while I wasn’t watching!

 

Of course, this story is being related, ‘cos it’s difficult to find anything interesting to write about Barclays share price in our three week update. When we previously reviewed the share, we cheerfully warned of several dangers which were imminent, none of which have come to fruition. There was a danger level at 143p and the price, spitefully, managed to close a session at 142.7p and marginally below the trigger. To rub salt into the wound, the next session Barclays closed at 143.04p and it almost felt like the market was mocking us.

However, it was August and expecting nothing rarely leads to disappointment!

With regard to our expectations for Barclays, we still suspect the share is awaiting the right excuse to inflict misery on the market. Weakness now below 142.7p now calculates as capable of provoking reversal down to an initial 126p with secondary, if broken, at 123p and hopefully a proper rebound. From a Big Picture perspective, if the 123p level breaks, there’s a pretty strong argument favouring 116p as being painted with trampoline juice.

 

Thankfully, we can also produce a converse scenario, now possible due to the care paid to our 143p trigger level. It’s possible the market simply doesn’t want Barclays share price to go down and early “proof” of such an attitude will come should the share exceed 155p as this should now trigger price recovery to an initial 160p. Our longer term secondary, if such a level is bettered, works out at 168p and a movement which could prove game changing for the future. In the event the share price closes above the level of a prior high at 164.5p, it nullifies our expectations for reversal, instead sowing the seeds of a distant growth to the 200p level.

But for now, the plethora of reversal signals remains a distinct worry.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
8:37:20PM	BRENT	8880.9	8688	8622	8535	8736	8884	8915	8929	8821	‘cess
8:40:12PM	GOLD	1939.41
8:43:32PM	FTSE	7485.3
8:46:43PM	STOX50	4293.7
9:32:54PM	GERMANY	15858.9	15862	15771	15680	15910	15965	16021	16087	15873
9:35:33PM	US500	4512.7									Shambles
9:46:41PM	DOW	34836.4
9:50:08PM	NASDAQ	15483
9:53:40PM	JAPAN	32769

 

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 0.11%. Total value traded through LSE was: £ 3,785,593,396 a change of -59.43%

29/08/2023 FTSE Closed at 7465 points. Change of 1.73%. Total value traded through LSE was: £ 9,331,622,622 a change of 194.32%

25/08/2023 FTSE Closed at 7338 points. Change of 0.07%. Total value traded through LSE was: £ 3,170,549,348 a change of -23.12%

24/08/2023 FTSE Closed at 7333 points. Change of 0.18%. Total value traded through LSE was: £ 4,124,022,746 a change of -11.8%

23/08/2023 FTSE Closed at 7320 points. Change of 0.69%. Total value traded through LSE was: £ 4,675,646,982 a change of 18.86%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:BP. BP PLC** **LSE:CNA Centrica** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:RBD Reabold Resources PLC** **LSE:TSCO Tesco** **

********

Updated charts published on : Asos, BP PLC, Centrica, Diageo, Empyrean, Reabold Resources PLC, Tesco,

LSE:ASC Asos. Close Mid-Price: 449.8 Percentage Change: + 2.60% Day High: 473.4 Day Low: 436.9

Target met. All Asos needs are mid-price trades ABOVE 473.4 to improve ac ……..

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LSE:BP. BP PLC. Close Mid-Price: 500.8 Percentage Change: + 2.73% Day High: 502.6 Day Low: 493.35

If BP PLC experiences continued weakness below 493.35, it will invariably ……..

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LSE:CNA Centrica. Close Mid-Price: 153.55 Percentage Change: + 1.19% Day High: 153.95 Day Low: 152

Further movement against Centrica ABOVE 153.95 should improve acceleratio ……..

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LSE:DGE Diageo Close Mid-Price: 3200 Percentage Change: -1.34% Day High: 3246 Day Low: 3203

If Diageo experiences continued weakness below 3203, it will invariably l ……..

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LSE:EME Empyrean Close Mid-Price: 0.74 Percentage Change: -1.60% Day High: 0.76 Day Low: 0.7

Target met. In the event Empyrean experiences weakness below 0.7p it calc ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.09 Percentage Change: -2.70% Day High: 0.09 Day Low: 0.08

Weakness on Reabold Resources PLC below 0.08 will invariably lead to 0.05 ……..

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LSE:TSCO Tesco Close Mid-Price: 264.7 Percentage Change: -0.38% Day High: 268.6 Day Low: 264.5

Target met. Further movement against Tesco ABOVE 268.6 should improve acc ……..

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