Our world famous FTSE for FRIDAY (FTSE:UKX)

#FTSE #BrentCrude  It looks like it isn’t just the markets where “The B Team” run things during August. Thursday had hot weather warnings, promising a clear, dry, sunny day. Of course it rained here in Argyll and elsewhere in the UK but, in fairness to the weather people, it wasn’t cold. In a similar fashion, the FTSE continues to behave with a lack of any real logic. During July, it often felt like the market was under instruction to revolve around the 7670 mark. And for August, this far it felt like 7560 was the desired pivot point for the month.

Of course, on Thursday, all bets were apparently off, the FTSE somehow managing to close the day at 7618 points. This might prove to be a simple human error, the team in charge of ensuring nothing actually happens making a little bit of a mistake. However, from mid-afternoon onward, the market had plenty of time to correct this faux pas yet didn’t, giving some hope the break upward may actually prove to be genuine.

 

Now above 7623 points has a fairly useful potential, suggesting coming useful gains to 7670 points (yes, last months pivot level) with our secondary, if beaten, calculating at a less likely future 7757 points. We’ve designated such an ambition as “less likely”, simply because it doesn’t make any visual sense and this sort of thing will often indicate turbulence between our initial target and any secondary hope. The tightest stop-loss looks fair at 7593 points! At least the Light Blue downtrend since 2018 appears to be no longer factoring in market movements, so hopefully we can safely delete it faster than a West Yorkshire Police tweet.

 

Our converse scenario for Friday risks triggering, should the market stumble below 7579 points as this risks promoting reversal to 7555 points initially with secondary, if broken, calculating at 7531 points and a probable bounce of some sort. Visually, reversal such as this will neatly tuck the FTSE back into its box, trading once again at the levels from the start of August.

Finally, on the bright side, it’s worth remembering we’re now only two weeks away from the next Grand Prix! Have a good weekend.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:50:17PM BRENT 8614.3 8597 8526 8690 8787 8807 8693
9:52:29PM GOLD 1912.33 1911 1905 1917 1929 1932 1916
9:54:45PM FTSE 7586.5 7559 7536 7591 7622 7645 7572 ‘cess
9:58:08PM STOX50 4363.5 4337 4304.5 4402 4420 4365 Success
10:01:23PM GERMANY 15939 15831 15764 15930 16065 16140 15912 ‘cess
10:03:40PM US500 4470 4456 4435 4485 4485 4526 4465
10:15:31PM DOW 35185.5 35105 34908 35215 35578 35712 35300 Success
10:17:22PM NASDAQ 15147.5 15066 14974 15213 15370 15484 15227 Success
10:20:25PM JAPAN 32533 32483 32359 32611 32826 32918 32640 Success

 

10/08/2023 FTSE Closed at 7618 points. Change of 0.41%. Total value traded through LSE was: £ 4,083,887,572 a change of -13.93%
9/08/2023 FTSE Closed at 7587 points. Change of 0.8%. Total value traded through LSE was: £ 4,744,774,883 a change of 3.35%
8/08/2023 FTSE Closed at 7527 points. Change of -0.36%. Total value traded through LSE was: £ 4,591,181,240 a change of 31.12%
7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%
4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%
3/08/2023 FTSE Closed at 7529 points. Change of -0.42%. Total value traded through LSE was: £ 6,373,701,191 a change of 36.1%
2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%

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:CNA Centrica** **LSE:CPI Capita** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:TLW Tullow** **

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Updated charts published on : Centrica, Capita, Fresnillo, Genel, Hikma, Intercontinental Hotels Group, Tullow,

LSE:CNA Centrica. Close Mid-Price: 141.4 Percentage Change: + 1.76% Day High: 140.9 Day Low: 139.2

Further movement against Centrica ABOVE 140.9 should improve acceleration ……..

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LSE:CPI Capita. Close Mid-Price: 20.3 Percentage Change: + 3.94% Day High: 20.38 Day Low: 19.13

Weakness on Capita below 19.13 will invariably lead to16p with secondary ……..

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LSE:FRES Fresnillo Close Mid-Price: 539.6 Percentage Change: -1.78% Day High: 558 Day Low: 534.8

In the event Fresnillo experiences weakness below 534.8 it calculates wit ……..

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LSE:GENL Genel Close Mid-Price: 84.2 Percentage Change: -5.07% Day High: 91 Day Low: 84.2

If Genel experiences continued weakness below 84.2, it will invariably le ……..

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LSE:HIK Hikma Close Mid-Price: 2200 Percentage Change: -0.23% Day High: 2222 Day Low: 2192

All Hikma needs are mid-price trades ABOVE 2222 to improve acceleration t ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 6044 Percentage Change: + 1.85% Day High: 6098 Day Low: 5976

Target met. Continued trades against IHG with a mid-price ABOVE 6098 shou ……..

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LSE:TLW Tullow. Close Mid-Price: 36.54 Percentage Change: + 0.38% Day High: 37.74 Day Low: 35.5

Further movement against Tullow ABOVE 37.74 should improve acceleration t ……..

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

HSBC Holdings Plc (LSE:HSBA), behaving like a bank…

#Gold #Japan  When we last reviewed HSBC back in January, we made the point the share price needed to close a session below 533p to utterly scupper our optimism for the future. The market opted to force incredulity to the limits, their share price closing at 534p toward the end of March. At least it indicated we’d been watching the correct trend, always something of a relief!

At present, HSBC are wandering in circles, essentially trapped at price levels seen before the pandemic and in common with many other UK based stocks, refusing to break free. Perhaps it is indeed the case, the UK needs act less in thrall to the USA and instead, work in its own best interests instead. This was an accusation recently made (privately) by a senior executive of HSBC in a personal capacity, after the UK banned Chinese telecoms company Huawei from taking part in the 5G mobile phone network build. Of course, with 40% of HSBC profits generated from Hong Kong and China, there is some justification in thinking “well, he would say that…”

 

Currently, we’re not very impressed with share price movements while the share slowly meanders toward the Blue downtrend on the chart, a line exerting a force since 2006. At time of writing, the implication is the share needs close a session above 694p to confirm the world has changed and some solid improvement should be anticipated. Such movement suggests triggering growth to an initial 759p with our secondary, if beaten, at a future 910p, along with almost certain hesitation.

Presently trading around 636p, HSBC needs below 619p to justify raised eyebrows as this risks triggering near term reversal to an initial 599p and probable bounce. However, in the event 599p breaks, any bounce is liable to prove short lived as a visit to our secondary at 562p looks perfectly viable. The 562p level is a real nuisance. Should it break, the share price can easily argue in favour of discovering 441p as a future bottom. However, for now, nothing is pointing at a reversal cycle. Instead, the pedantic behaviour of August markets is failing to provide any real guidance for the future.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:46:31PM BRENT 8720.3 ‘cess
9:51:19PM GOLD 1914.11 1914 1901 1872 1932 1932 1935 1942 1922 ‘cess
9:53:33PM FTSE 7595.1 ‘cess
9:56:09PM STOX50 4328.1
9:58:18PM GERMANY 15898.2 ‘cess
10:00:03PM US500 4474
10:02:56PM DOW 35191.5
10:12:08PM NASDAQ 15121.9 ‘cess
10:16:24PM JAPAN 32186 32060 31936 31736 32207 32408 32497 32643 32237

\

9/08/2023 FTSE Closed at 7587 points. Change of 0.8%. Total value traded through LSE was: £ 4,744,774,883 a change of 3.35%
8/08/2023 FTSE Closed at 7527 points. Change of -0.36%. Total value traded through LSE was: £ 4,591,181,240 a change of 31.12%
7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%
4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%
3/08/2023 FTSE Closed at 7529 points. Change of -0.42%. Total value traded through LSE was: £ 6,373,701,191 a change of 36.1%
2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%
1/08/2023 FTSE Closed at 7667 points. Change of -0.42%. Total value traded through LSE was: £ 4,153,367,086 a change of -3.72%

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:FGP Firstgroup** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:IPF International Personal Finance** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **

********

Updated charts published on : Firstgroup, Genel, Hikma, International Personal Finance, Tern Plc, Tullow,

LSE:FGP Firstgroup. Close Mid-Price: 153.8 Percentage Change: + 2.12% Day High: 154.9 Day Low: 147.4

Further movement against Firstgroup ABOVE 154.9 should improve accelerati ……..

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LSE:GENL Genel. Close Mid-Price: 88.7 Percentage Change: + 1.95% Day High: 91 Day Low: 85

In the event Genel experiences weakness below 85 it calculates with a dro ……..

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LSE:HIK Hikma. Close Mid-Price: 2205 Percentage Change: + 0.50% Day High: 2212 Day Low: 2173

Further movement against Hikma ABOVE 2212 should improve acceleration tow ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 127.5 Percentage Change: + 2.00% Day High: 129.5 Day Low: 124

Target met. Further movement against International Personal Finance ABOVE ……..

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LSE:TERN Tern Plc Close Mid-Price: 5.25 Percentage Change: -8.70% Day High: 6.1 Day Low: 5.25

Continued weakness against TERN taking the price below 5.25 calculates as ……..

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LSE:TLW Tullow. Close Mid-Price: 36.4 Percentage Change: + 4.00% Day High: 36.5 Day Low: 34.86

Continued trades against TLW with a mid-price ABOVE 36.5 should improve t ……..

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

Gulf Keystone Petroleum Ltd (LSE:GKP), looking a bit risky

#FTSE #WallSt   The term “getting cancelled” is thought to be very recent but, we suspect the methodology was first embraced by a small group of internet people, collectively known as the ‘GKP Gestapo’. They had a problem with anyone daring to write logically about the share, using their ‘offended gang’ to create an email/social media campaign against both the unfortunate journalist and also, the publication editor. This woefully stupid stance had a consequence; for quite a while no-one wrote about Gulf Keystone as the hassle wasn’t worth it. Yet their share price continued to fall. There are currently investors who need GKP above 45,000p to break even, thanks to these pound shop “promoters” actively silencing common sense. Currently, it’s trading around 92p!

Obviously, we’ve a personal axe to grind, often due to spending hours running analysis and producing 500+ words on potential GKP future prices, only to find hesitation against publication for fear of rocking the boat. Amusingly, the method used by the self appointed defenders of ‘Gulfy’ remains in use today by those groups anxious to find offence. Whether the subject is Climate Change, Gender, Cryptocurrency,  Trump, or pineapple on pizza, the moment personal attacks are employed, it has become easier to believe the other side.

Rather than provide rebuttal against any facts, instead they attack a writer on a personal basis and hope the mud sticks. Currently, there’s an American guy called “Jim Cramer” on CNBC who constantly appears to be the subject of ridicule via Reddit and Twitter. While we’ve scant knowledge of his broadcasts, the attacks against him appear based entirely on his personality, rather than anything of substance. We can only assume at some stage he ran afoul of the agenda from a group of chatroom experts, folk now determined to “cancel” him.

As for Gulf Keystone currently, things don’t look very useful.

The immediate situation suggests below 81p risks triggering reversal to an initial 63p, a price level which hopefully shall prove capable of a bounce, if only due to historical price movements. Below 63p risks being ridiculous, calculating with the threat of an ultimate bottom down at 20p, this being a level below which we cannot calculate.

There is a slight hope for a panic bounce anytime soon, if only due to the truly awful drop potentials. Currently, their share price needs exceed Blue (141p) and hopefully do something convincing. This works out as capable of triggering price recovery to 190p eventually. Our long term secondary, should this target level be exceeded, calculates at a future 270p

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:20:56PM BRENT 8594.4 Success
11:24:11PM GOLD 1924.65 ‘cess
11:26:57PM FTSE 7542.1 7486 7453 7414 7522 7570 7585 7618 7532 ‘cess
11:29:25PM STOX50 4310.8 Success
11:32:13PM GERMANY 15828.5 ‘cess
11:34:10PM US500 4497.9 ‘cess
11:36:12PM DOW 35291.2 35002 34909 34712 35170 35438 35467 35622 35348
11:42:23PM NASDAQ 15268 Success
11:45:18PM JAPAN 32269

 

8/08/2023 FTSE Closed at 7527 points. Change of -0.36%. Total value traded through LSE was: £ 4,591,181,240 a change of 31.12%
7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%
4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%
3/08/2023 FTSE Closed at 7529 points. Change of -0.42%. Total value traded through LSE was: £ 6,373,701,191 a change of 36.1%
2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%
1/08/2023 FTSE Closed at 7667 points. Change of -0.42%. Total value traded through LSE was: £ 4,153,367,086 a change of -3.72%
31/07/2023 FTSE Closed at 7699 points. Change of 0.06%. Total value traded through LSE was: £ 4,313,676,670 a change of -54.58%

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:CPI Capita** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:NG. National Glib** **LSE:TERN Tern Plc** **

********

Updated charts published on : Capita, Fresnillo, Genel, Gulf Keystone, Hikma, Intercontinental Hotels Group, National Glib, Tern Plc,

LSE:CPI Capita Close Mid-Price: 19.94 Percentage Change: -1.97% Day High: 20.54 Day Low: 19.56

Target met. If Capita experiences continued weakness below 19.56, it will ……..

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LSE:FRES Fresnillo Close Mid-Price: 544.2 Percentage Change: -3.37% Day High: 564.2 Day Low: 545

Weakness on Fresnillo below 545 will invariably lead to 518p with seconda ……..

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LSE:GENL Genel Close Mid-Price: 87 Percentage Change: -5.43% Day High: 92 Day Low: 86

Target met. Weakness on Genel below 86 will invariably lead to 89 with se ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 92.25 Percentage Change: -18.07% Day High: 112 Day Low: 81.7

Target met. Continued weakness against GKP taking the price below 81.7 ca ……..

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LSE:HIK Hikma. Close Mid-Price: 2194 Percentage Change: + 2.09% Day High: 2191 Day Low: 2152

Continued trades against HIK with a mid-price ABOVE 2191 should improve t ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5790 Percentage Change: + 2.33% Day High: 5800 Day Low: 5664

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

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LSE:NG. National Glib. Close Mid-Price: 975.8 Percentage Change: + 1.08% Day High: 980.4 Day Low: 961.6

In the event National Glib experiences weakness below 961.6 it calculates ……..

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LSE:TERN Tern Plc Close Mid-Price: 5.75 Percentage Change: -12.08% Day High: 6.75 Day Low: 5.35

Weakness on Tern Plc below 5.35 will invariably lead to 3p with secondary ……..

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

Rentokil Initial Plc (LSE:RTO) looks positive 

#Brent #SP500 Given our cottage dates back to 1832, it should come as no surprise we’ve a traditional boiler room, the final resting place of items which fall into the “that’ll be useful one day” category. Over the years, the actual boiler has gotten smaller and smaller with the current super economical oil boiler being smaller than a bedside table. Unfortunately, a side effect of this boiler shrinkage has been to allow more room to store junk, unfinished cans of paint, old motorcycle crash helmets, even bath towels which were deemed unfashionable. And of course, there’s the time my wife discovered big vacuum clothing bags which shrink down to satisfy any naive belief waistlines shall someday retreat to those of 30+ years ago.

As we’d been considering an air-pump heating system*** which would ensue the oil fired boiler being removed, my wife decided it was time to give the boiler room a complete clear out as she was obviously salivating at the prospect of even more room to indulge her secret habit of hoarding.  After an hour or so, she yelled for attention. Her colourful crash helmet, sitting unused on a shelf for 10 years, was thrust toward me, the interior torn and the padding shredded. It appeared a mouse had discovered the ideal materials to build a nest, my wife utterly furious. Disregarding the fact a motorcycle helmet shouldn’t be used beyond 5 years, I’d never quite appreciated how proud she’d been of it. Once she bought a “proper” motorcycle, I was to learn choosing a helmet with a woman was every bit as painful as going shoe shopping. Once comfort had been established, the look and paintwork of a helmet was crucial. My own choice had always been a simple white helmet as the only thing which mattered, after safety and features, was the level of comfort!

It appeared a mouse had just murdered her memories of lapping Donnington Park, Nurburgring, Knockhill, the time we toured Europe, every annual ‘race’ around Scotlands coast, or the voluntary advanced training we gave other motorcyclists on Wednesday evenings. After a mouse free period of many years, it was clearly time to once again enrich Rentokil by ordering their range of deadly solutions for a mouse problem. With exquisite timing, we’d noticed just a few days ago, Rentokil had increased their dividend this year.

When we reviewed Rentokil last October, we’d given a target ambition at 658p, something achieved in June this year but critically, the share price has not yet managed to actually close a session above 658p. We regard this as an important trigger level for the future with closure above this point or, intraday trades above the recent high at 664p being capable of travel up to an initial  trading 693p with secondary, if exceeded, at an impressive future 727p and another new all time high. Importantly, despite the share exceeding our 658 target on several occasions, the chart shows the share as stalling at current levels while it matches the highs from 2021 and only when solid confirmation of this glass ceiling being exceeded shall we feel comfortable believing a visit to 727p has become viable.

If things intend go a little bit wrong for Rentokil, below 584p looks problematic, potentially triggering reversal to 553 initially with secondary, if broken, down at 516p and hopefully yet another bounce.

 

*** Now we’ve read about air-pump heating, all plans were cancelled, the concept impractical due to winter temperatures here in Argyll. Instead, I’m to rebuild my hydro-electric system but this time, make a greater allowance for excessive water flow!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:54:54PM BRENT 8569 8490 8455 8389 8550 8603 8617 8663 8563
9:57:21PM GOLD 1936.03
9:59:18PM FTSE 7568.2
10:01:21PM STOX50 4350.6
10:19:43PM GERMANY 15991
10:21:49PM US500 4520.1 4484 4471 4454 4502 4522 4540 4562 4505
10:24:01PM DOW 35477.5
10:26:05PM NASDAQ 15409.9
10:28:26PM JAPAN 32424 Success

 

7/08/2023 FTSE Closed at 7554 points. Change of -0.13%. Total value traded through LSE was: £ 3,501,608,401 a change of -4.09%
4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%
3/08/2023 FTSE Closed at 7529 points. Change of -0.42%. Total value traded through LSE was: £ 6,373,701,191 a change of 36.1%
2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%
1/08/2023 FTSE Closed at 7667 points. Change of -0.42%. Total value traded through LSE was: £ 4,153,367,086 a change of -3.72%
31/07/2023 FTSE Closed at 7699 points. Change of 0.06%. Total value traded through LSE was: £ 4,313,676,670 a change of -54.58%
28/07/2023 FTSE Closed at 7694 points. Change of 0.03%. Total value traded through LSE was: £ 9,496,592,538 a change of 26.18%

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:CASP Caspian** **LSE:CPI Capita** **LSE:GENL Genel** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:RR. Rolls Royce** **

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Updated charts published on : Caspian, Capita, Genel, International Personal Finance, National Glib, Rolls Royce,

LSE:CASP Caspian Close Mid-Price: 2.9 Percentage Change: -4.92% Day High: 3.05 Day Low: 2.85

Weakness on Caspian below 2.85 will invariably lead to 2.2 with secondary ……..

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LSE:CPI Capita Close Mid-Price: 20.34 Percentage Change: -7.29% Day High: 22.9 Day Low: 20.22

Continued weakness against CPI taking the price below 20.22 calculates as ……..

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LSE:GENL Genel Close Mid-Price: 92 Percentage Change: -1.81% Day High: 94 Day Low: 91.5

Continued weakness against GENL taking the price below 91.5 calculates as ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 126 Percentage Change: + 0.40% Day High: 127.5 Day Low: 123

In the event of International Personal Finance enjoying further trades be ……..

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LSE:NG. National Glib Close Mid-Price: 965.4 Percentage Change: -1.45% Day High: 978.8 Day Low: 963

Continued weakness against NG. taking the price below 963 calculates as l ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 209.5 Percentage Change: + 1.45% Day High: 211.2 Day Low: 205.2

Target met. Continued trades against RR. with a mid-price ABOVE 211.2 sho ……..

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

Natwest Group (LSE:NWG) and a miserable shirt.

#Gold #SP500  It took a Hawaiian shirt to reveal just how miserable the UK has become! Attending a late lunch on Sunday, the weather was pretty good and a particularly loud shirt presented itself in my wardrobe, an ideal garment for an sunny outdoors event. From the eyes upon me, it felt like I was wearing Chippendales garb to a vicars tea party. The uniform du jour amongst the blokes was either a white shirt, a white t-shirt, or if daring, a grey t-shirt with a daring grey outline of something. Amongst woman, the dress code was similar with only blue striped t-shirts offering the chance for individuality, this proving to be the style of choice for roughly half the attendees.

While I shall admit I wore the thing “for a laugh”, the real surprise was appreciating how drab our standard dress code has become, few folk willing to simply have fun by being a bit different. Over the years, I’ve become used to being ‘looked at’ when across on the mainland and choosing to wear a wide brimmed hat in the rain. These devices are truly clever, capable of keeping the wearer dry, yet folk in the city display some difficulty in handling such a radical concept, doubtless preferring their choice of getting wet. One standout event from the lunch came, when a couple of blokes asked where I’d got the shirt. Neither was overwhelmed at my answer, doubtless expecting a tale of shopping in Honolulu, rather than the true answer; “ten quid on eBay!”.

If only Natwest would make an effort to cheer people up…

 

The bank share price continues to underwhelm the market, making a brief attempt to escape the immediate downtrend, one which was quashed after just three sessions. Worse, as circled on the chart, the share price executed a GapUp/GapDown manoeuvre, one which looks perfectly capable of promoting reversals down to 202p eventually. Thus far, the uptrend since 2020 appears to be respected but, if this share follows our usual rules, no-one should be surprised if 202p makes itself known as a price level, a point from which we’d hope for a solid bounce. There’s a slight chance for a recoil at an initial 223 but realistically, once below 230p we suspect a visit to 202p shall become almost preordained.

 

At present, the price requires exceed 249 to hopefully trigger share price recovery to an initial 260 with secondary, if bettered, at a potential 274p and some hesitation. Unfortunately, for now we fear the worst.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
4:29:04PM BRENT 8588.6
4:31:09PM GOLD 1942.41 1925 1894 1832 1955 1947 1949 1953 1939
4:34:00PM FTSE 7510.8 7615
4:36:24PM STOX50 4303.33 4306
8:44:30PM GERMANY 15833.9 15878
8:46:59PM US500 4477.4 4473 4462 4436 4497 4543 4581 4641 4504
8:50:00PM DOW 35054 35278
8:52:55PM NASDAQ 15280.1 15333
9:01:08PM JAPAN 31949 31996

 

4/08/2023 FTSE Closed at 7564 points. Change of 0.46%. Total value traded through LSE was: £ 3,650,960,164 a change of -42.72%
3/08/2023 FTSE Closed at 7529 points. Change of -0.42%. Total value traded through LSE was: £ 6,373,701,191 a change of 36.1%
2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%
1/08/2023 FTSE Closed at 7667 points. Change of -0.42%. Total value traded through LSE was: £ 4,153,367,086 a change of -3.72%
31/07/2023 FTSE Closed at 7699 points. Change of 0.06%. Total value traded through LSE was: £ 4,313,676,670 a change of -54.58%
28/07/2023 FTSE Closed at 7694 points. Change of 0.03%. Total value traded through LSE was: £ 9,496,592,538 a change of 26.18%
27/07/2023 FTSE Closed at 7692 points. Change of 0.21%. Total value traded through LSE was: £ 7,526,466,026 a change of 81.26%

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:CPI Capita** **LSE:EXPN Experian** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:NG. National Glib** **LSE:ODX Omega Diags** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:TERN Tern Plc** **

********

Updated charts published on : Asos, Capita, Experian, Fresnillo, Genel, National Glib, Omega Diags, Rolls Royce, Serco, Tern Plc,

LSE:ASC Asos. Close Mid-Price: 439 Percentage Change: + 3.61% Day High: 444 Day Low: 418.3

Target met. Further movement against Asos ABOVE 444 should improve accele ……..

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LSE:CPI Capita Close Mid-Price: 21.94 Percentage Change: -18.26% Day High: 26.98 Day Low: 21.98

Weakness on Capita below 21.98 will invariably lead to 19p with secondary ……..

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LSE:EXPN Experian Close Mid-Price: 2848 Percentage Change: -0.97% Day High: 2870 Day Low: 2820

Below 2816 looks troublesome, capable of triggering reversal down to an in ……..

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LSE:FRES Fresnillo. Close Mid-Price: 558.4 Percentage Change: + 0.04% Day High: 560.6 Day Low: 546

Target met. Continued weakness against FRES taking the price below 546 ca ……..

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LSE:GENL Genel Close Mid-Price: 93.7 Percentage Change: -4.19% Day High: 97.9 Day Low: 93

If Genel experiences continued weakness below 93, it will invariably lead ……..

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LSE:NG. National Glib. Close Mid-Price: 979.6 Percentage Change: + 0.72% Day High: 978.4 Day Low: 964.4

Weakness on National Glib below 964.4 will invariably lead to 945 with se ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.35 Percentage Change: -4.08% Day High: 2.45 Day Low: 2.3

Continued weakness against ODX taking the price below 2.3p calculates as ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 206.5 Percentage Change: + 7.44% Day High: 205.9 Day Low: 192.95

Target met. In the event of Rolls Royce enjoying further trades beyond 20 ……..

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LSE:SRP Serco Close Mid-Price: 157.7 Percentage Change: -2.35% Day High: 162.3 Day Low: 156.3

Further movement against Serco ABOVE 162.3 should improve acceleration to ……..

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LSE:TERN Tern Plc. Close Mid-Price: 8.5 Percentage Change: + ##.##% Day High: 10.5 Day Low: 3.75

Above 9p calculates with the potential of another lift to 10.4 with second ……..

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

Our world famed FTSE for FRIDAY (FTSE:UKX)

#FTSE #GOLD It’s probably safe to say we dislike August more than any other month on the calendar. Firstly, the Formula 1 circus takes a holiday, thus ensuring weekends are spent doing DIY tasks without any adequate excuse to dodge them. Secondly, the first week or two generally brings monsoon conditions to the West of Scotland, where we’re based. And third, the markets become quite strange, sometimes volatile but generally capable of undoing the damage before the schools go back in England.

Our suspicion traditionally encompasses the nice, professional, folk who run things going away for the month and things are left in the hands of a bunch of interns. These people are simply told not to break anything and make sure everything is put back the way it was given. Thus, while the professionals are queuing at Tracy’s Full English Breakfast in Benidorm or Blackpool, things can go a little crazy on the markets. But in the absence of justified movement, either by world events or company news, things tend return to normal by the end of August.

In other words, it’s August and all bets for sanity are off the table!

 

The FTSE quickly reserved its place in the asylum this week, spending the first three days of the month falling off a cliff. Or did it?

From our perspective, the visit to 7437 points on Thursday was arithmetically interesting, almost exactly bouncing from our secondary drop target. If our cynical suspicion about August entering the realm of fake movements, we’d therefore hope for a bounce capable of continuing. This creates a situation where above 7527 points should aim for surprise recovery to an initial 7547 points with secondary, if beaten, at 7581 points.

This secondary level risks making the coming week fairly interesting as should the market exceed it, a recovery cycle to 7674 calculates as possible, effectively putting the FTSE back to where it was at the start of the month. Should our recovery criteria trigger, the tightest stop loss looks like a modest 7487 points.

 

Our alternate scenario, if everything intends stay wrong for a while longer allows for weakness below 7435 points to trigger reversal down to 7385 points initially with our secondary, if broken, down at 7337 points and hopefully a market bottom. By way of a teaser, we’ve shown on the chart our expectations, should 7337 break and it’s a hopeful bottom down at 7238 points.

Have a good weekend.

If we can get our tractor running, we’re going to experiment with timed laps of the lawn. (Only kidding, it’s truly frightening how small the garden becomes, when the tractor hits 13mph. Panic braking ensues as winching the thing out of the stream counts as an epic fail.)

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:12:56PM BRENT 8511.2 8218 8193 8062 8298 8590 8786 9338 8328
10:16:08PM GOLD 1933.69 1932 1930 1916 1939 1972 2017 2058 1954
10:18:56PM FTSE 7536.9 7437 7310 7172 7553 7563 7611 7669 7528 Success
10:22:22PM STOX50 4312.5 4275 4269 4195 4313 4330 4353 4379 4304 ‘cess
10:24:33PM GERMANY 15904 15800 15765 15701 15894 16018 16079 16172 15951 ‘cess
10:27:54PM US500 4503.7 4482 4463 4441 4524 4523 4539 4557 4499 ‘cess
10:30:55PM DOW 35227.5 35112 35068 34973 35216 35351 35466 35584 35231 ‘cess
10:33:23PM NASDAQ 15361.3 15247 15174 15077 15335 15465 15487 15567 15077 ‘cess
10:36:26PM JAPAN 31913 31675 31517 30861 31862 32376 32611 32923 32096 Success
3/08/2023 FTSE Closed at 7529 points. Change of -0.42%. Total value traded through LSE was: £ 6,373,701,191 a change of 36.1%
2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%
1/08/2023 FTSE Closed at 7667 points. Change of -0.42%. Total value traded through LSE was: £ 4,153,367,086 a change of -3.72%
31/07/2023 FTSE Closed at 7699 points. Change of 0.06%. Total value traded through LSE was: £ 4,313,676,670 a change of -54.58%
28/07/2023 FTSE Closed at 7694 points. Change of 0.03%. Total value traded through LSE was: £ 9,496,592,538 a change of 26.18%
27/07/2023 FTSE Closed at 7692 points. Change of 0.21%. Total value traded through LSE was: £ 7,526,466,026 a change of 81.26%
26/07/2023 FTSE Closed at 7676 points. Change of -0.2%. Total value traded through LSE was: £ 4,152,321,908 a change of -7.74%

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:BT.A British Telecom** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:SPT Spirent Comms** **LSE:TLW Tullow** **

********

Updated charts published on : Asos, British Telecom, Fresnillo, Genel, Hikma, International Personal Finance, National Glib, Spirent Comms, Tullow,

LSE:ASC Asos. Close Mid-Price: 423.7 Percentage Change: + 0.38% Day High: 437.7 Day Low: 410.8

Continued trades against ASC with a mid-price ABOVE 437.7 should improve ……..

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LSE:BT.A British Telecom Close Mid-Price: 113.95 Percentage Change: -4.20% Day High: 115 Day Low: 111.8

Target met. Continued weakness against BT.A taking the price below 111.8 ……..

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LSE:FRES Fresnillo Close Mid-Price: 558.2 Percentage Change: -4.09% Day High: 573.6 Day Low: 555

If Fresnillo experiences continued weakness below 555, it will invariably ……..

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LSE:GENL Genel Close Mid-Price: 97.8 Percentage Change: -2.98% Day High: 100.8 Day Low: 95

In the event Genel experiences weakness below 95 it calculates with a dro ……..

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LSE:HIK Hikma Close Mid-Price: 2060 Percentage Change: -0.72% Day High: 2164 Day Low: 2042

In the event of Hikma enjoying further trades beyond 2164, the share shou ……..

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LSE:IPF International Personal Finance Close Mid-Price: 122.5 Percentage Change: -2.00% Day High: 126 Day Low: 123.5

Continued trades against IPF with a mid-price ABOVE 126 should improve th ……..

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LSE:NG. National Glib Close Mid-Price: 972.6 Percentage Change: -2.33% Day High: 991.8 Day Low: 970.6

If National Glib experiences continued weakness below 970.6, it will inva ……..

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LSE:SPT Spirent Comms. Close Mid-Price: 153.1 Percentage Change: + 0.66% Day High: 156.2 Day Low: 148.4

Continued weakness against SPT taking the price below 148.4 calculates as ……..

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LSE:TLW Tullow. Close Mid-Price: 34.72 Percentage Change: + 2.12% Day High: 35.28 Day Low: 32.82

In the event of Tullow enjoying further trades beyond 35.28, the share sh ……..

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

Predator Oil & Gas Holdings Plc (LSE:PRD), they’ll be back!

#Gold #Nasdaq  We typically take a glance at the company website, when being asked to comment on a share. In the case of Predator, we immediately fell foul of one of our pet hates, the company front page claiming they are a “fossil fuel” company. As neither oil nor gas are actually fossil fuels, this presents an immediate “hanging offence”. At its most simplistic, just how many dinosaurs had to die to create oil, the second most common liquid on our entire planet?

And why are oil explorers not finding their extraction equipment constantly blocked with the remains of brontosaurus… In todays politically correct climate, such semantics may be important in case someone is offended by such an erroneous “fossil fuel” claim. Then again, it’s probably more acceptable than using “dead flowers and veg” as the reason for the abundance of oil, a resource which we keep being told will run out, yet a resource which keeps regenerating. Prior to the Scottish Independence referendum in 2014, the UK Govt rounded up plenty of experts to warn the people of Scotland oil was due to start running out within 10 years. With the UK Govt releasing a record 170 new licences this week for the North Sea, we can only guess at the levels of dinosaur genocide which occurred deep below the sea.

 

Now we’d dealt with the “fossil” problem, the rest of Predator’s website appears to be quite informative, giving hope for the future. Their involvement in Trinidad was a surprise as we’d been unaware the area lies within the Eastern Venezualan Basin, the 2nd largest source for oil in the world after Saudi Arabia. However, some of their recent share price movements have proved, to our eye, a little bit iffy and very little work is required to provoke some price reversals.

Below 11.3p now risks triggering reversals to an initial 9.1p with our longer term secondary calculation, should the initial target break, working out at 5.3p. We’d hope, should the 5.3p level make an appearance, to see the share price bounce, if only because we cannot calculate below such a number!

 

However, oil prices appear determined to rise slightly and perhaps this shall have another positive effect on Predator. The current situation suggests movement above 13.6p could trigger price recovery to an initial 15.1p with secondary, if beaten, at 17.6p. Closure above 17.6p should take the price into a brave new world as some impressive long term potentials will make themselves known.

Hopefully this share shall prove worth watching.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:14:48PM BRENT 8333 Success
10:17:40PM GOLD 1934.33 1932 1930 1916 1939 1948 1954 1960 1939 ‘cess
10:21:39PM FTSE 7543.9 Success
10:25:41PM STOX50 4323.4 Ditto
11:00:37PM GERMANY 15984.7 Ditto
11:06:33PM US500 4512.3 Ditto
11:10:41PM DOW 35306 Ditto
11:13:12PM NASDAQ 15377.3 15324 15265 15084 15430 15681 15771 15920 15573 Ditto
11:15:48PM JAPAN 32296 Ditto

 

2/08/2023 FTSE Closed at 7561 points. Change of -1.38%. Total value traded through LSE was: £ 4,683,211,781 a change of 12.76%
1/08/2023 FTSE Closed at 7667 points. Change of -0.42%. Total value traded through LSE was: £ 4,153,367,086 a change of -3.72%
31/07/2023 FTSE Closed at 7699 points. Change of 0.06%. Total value traded through LSE was: £ 4,313,676,670 a change of -54.58%
28/07/2023 FTSE Closed at 7694 points. Change of 0.03%. Total value traded through LSE was: £ 9,496,592,538 a change of 26.18%
27/07/2023 FTSE Closed at 7692 points. Change of 0.21%. Total value traded through LSE was: £ 7,526,466,026 a change of 81.26%
26/07/2023 FTSE Closed at 7676 points. Change of -0.2%. Total value traded through LSE was: £ 4,152,321,908 a change of -7.74%
25/07/2023 FTSE Closed at 7691 points. Change of 0.17%. Total value traded through LSE was: £ 4,500,914,113 a change of -15.2%

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:AV. Aviva** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:PMG Parkmead** **LSE:SPT Spirent Comms** **

********

Updated charts published on : Aviva, British Telecom, Caspian, Parkmead, Spirent Comms,

LSE:AV. Aviva Close Mid-Price: 378.9 Percentage Change: -1.92% Day High: 384.5 Day Low: 377.9

If Aviva experiences continued weakness below 377.9, it will invariably l ……..

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LSE:BT.A British Telecom Close Mid-Price: 118.95 Percentage Change: -2.78% Day High: 121.65 Day Low: 118.3

Weakness on British Telecom below 118.3 will invariably lead to 117 with ……..

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LSE:CASP Caspian Close Mid-Price: 3 Percentage Change: -4.76% Day High: 3.15 Day Low: 3

It’s now the case below 3p looks capable of reversal to an initial 2.2 wit ……..

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LSE:PMG Parkmead. Close Mid-Price: 19.85 Percentage Change: + 10.28% Day High: 19 Day Low: 18

All Parkmead needs are mid-price trades ABOVE 19 to improve acceleration ……..

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LSE:SPT Spirent Comms Close Mid-Price: 152.1 Percentage Change: -9.46% Day High: 166 Day Low: 149.6

Target met. If Spirent Comms experiences continued weakness below 149.6, ……..

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