Shell Plc, Brent, Wall St & the end of the world…

#Gold #SP500

Why are fuel prices so high? Nearly £2 a litre makes little sense as Crude Oil was at this price level from 2008 through to 2014. VAT & Fuel Duty were roughly at current levels too! One might even wonder if the oil companies are indulging in a little profiteering to make up for the lean years of the pandemic? But if that’s the case, why are oiler share prices still dodgy?

 

Shell Plc (LSE:SHEL)

With the price of fuel, along with reports of record profit levels, we’d expect Shell to be enjoying a share price which is soaring to new levels. Unfortunately, this appears not to be the case, quite the opposite. We’re fond of treating the pre-pandemic price level for shares as a benchmark, requiring prices to solidly exceed a value before Covid-19 hit everything. In the case of Shell Plc, their share price matched the pre-pandemic level, even exceeded it slightly, and now appears destined to experience some reversals.

At least people are returning to their offices, so they can work harder to afford the extra cost of fuel to return to their offices… Things appear to be messy from virtually any perspective.

Currently for Shell, price movement below 2255p risks triggering near term reversal to a pretty tame sounding 2191p. The share price level, pre-pandemic, was around 2300p, so this scenario isn’t particularly nasty. The danger comes, should Shell manage to close a session below 2191p, as further reversal to our secondary of 1983p calculates as possible.

As the chart below highlights, this is a big issue, returning Shells share price below the Blue downtrend and placing it in a region where an eventual return to the £12 level calculates as possible. Unfortunately, such a mess also makes a lot of visual sense.

We’ve given quite a lot of doom and gloom against this share price. Please remember, we’re indulging in “worst case scenario”, especially as the share price needs close a session below 2191p to tick the first box.

 

Wall St (Dowi:DJI) When we reviewed Wall St a month ago, our thoughts about a target level of 30,000 points where relegated to the final paragraph. To employ a technical term, Oops! The index has managed to shed 2,000 points and is virtually at our initial drop target. Things have gotten really messy with the US index and if the market fails to bounce above 30,100 points, it could easily continue a slide down to 29,500. Our secondary, if such a level breaks, calculates down at 28,000 points, a price level where a bounce is “almost” mandatory.

Currently, Wall St needs astounding movement above 33,700 points, just to confirm a serious escape attempt from the current spiral of misery.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:00:17PM BRENT 120.63 Shambles
11:07:21PM GOLD 1819.34 1808 1786 1740 1833 1834 1838 1848 1817 Success
11:11:04PM FTSE 7235 ditto
11:13:58PM FRANCE 6026 ditto
11:19:16PM GERMANY 13499 ditto
11:22:14PM US500 3767 3734 3718 3594 3823 3853 3868 3912 3797 ditto
11:23:57PM DOW 30620 ditto
11:29:42PM NASDAQ 11364 ditto
11:32:16PM JAPAN 26511 ditto
13/06/2022 FTSE Closed at 7205 points. Change of -1.53%. Total value traded through LSE was: £ 7,343,380,444 a change of 22%
10/06/2022 FTSE Closed at 7317 points. Change of -2.13%. Total value traded through LSE was: £ 6,019,204,674 a change of -10.01%
9/06/2022 FTSE Closed at 7476 points. Change of -1.54%. Total value traded through LSE was: £ 6,688,998,845 a change of -1.03%
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -0.13%. Total value traded through LSE was: £ 6,878,313,102 a change of 13.3%
6/06/2022 FTSE Closed at 7608 points. Change of -100%. Total value traded through LSE was: £ 6,070,626,814 a change of 0%
1/06/2022 FTSE Closed at 7532 points. Change of 0%. Total value traded through LSE was: £ 5,845,714,503 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:AML Aston Martin** **LSE:ASC Asos** **LSE:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TSCO Tesco** **

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Updated charts published on : AFC Energy, Aston Martin, Asos, 4D Pharma, Experian, EasyJet, Fresnillo, Hikma, Hargreaves Lansdown, Hurrican Energy, British Airways, IG Group, ITM Power, Intertek, Lloyds Grp., Royal Mail, Sainsbury, Spirax, Tesco,

LSE:AFC AFC Energy Close Mid-Price: 22.96 Percentage Change: -6.82% Day High: 24.44 Day Low: 22.5

Target met. Continued weakness against AFC taking the price below 22.5 ca ……..

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LSE:AML Aston Martin Close Mid-Price: 540 Percentage Change: -11.74% Day High: 603.2 Day Low: 536

Target met. In the event Aston Martin experiences weakness below 536 it c ……..

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LSE:ASC Asos Close Mid-Price: 1209 Percentage Change: -6.93% Day High: 1285 Day Low: 1214

Continued weakness against ASC taking the price below 1214 calculates as ……..

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LSE:CCL Carnival Close Mid-Price: 749.2 Percentage Change: -8.83% Day High: 817.4 Day Low: 734.2

Target met. If Carnival experiences continued weakness below 734.2, it wi ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 25.75 Percentage Change: -4.98% Day High: 26.5 Day Low: 25.4

In the event 4D Pharma experiences weakness below 25.4 it calculates with ……..

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LSE:EXPN Experian Close Mid-Price: 2378 Percentage Change: -1.86% Day High: 2404 Day Low: 2370

Target met. If Experian experiences continued weakness below 2370, it wil ……..

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LSE:EZJ EasyJet Close Mid-Price: 423.2 Percentage Change: -6.41% Day High: 445 Day Low: 420.3

Target met. Weakness on EasyJet below 420.3 will invariably lead to 408 w ……..

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LSE:FRES Fresnillo. Close Mid-Price: 790 Percentage Change: + 5.56% Day High: 844.2 Day Low: 745.8

Target met. Continued trades against FRES with a mid-price ABOVE 844.2 sh ……..

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LSE:HIK Hikma Close Mid-Price: 1537.5 Percentage Change: -2.90% Day High: 1567 Day Low: 1524

Target met. Weakness on Hikma below 1524 will invariably lead to 1504 wit ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 783.4 Percentage Change: -0.84% Day High: 795.6 Day Low: 778.6

If Hargreaves Lansdown experiences continued weakness below 778.6, it wil ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 7.19 Percentage Change: -6.50% Day High: 7.7 Day Low: 7.13

Weakness on Hurrican Energy below 7.13 will invariably lead to 6p with se ……..

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LSE:IAG British Airways Close Mid-Price: 115.02 Percentage Change: -4.55% Day High: 119.84 Day Low: 115.72

Target met. Continued weakness against IAG taking the price below 115.72 ……..

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LSE:IGG IG Group Close Mid-Price: 658 Percentage Change: -3.80% Day High: 685 Day Low: 653.5

If IG Group experiences continued weakness below 653.5, it will invariabl ……..

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LSE:ITM ITM Power Close Mid-Price: 210.9 Percentage Change: -8.78% Day High: 227.4 Day Low: 209.6

Target met. In the event ITM Power experiences weakness below 209.6 it ca ……..

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LSE:ITRK Intertek Close Mid-Price: 4266 Percentage Change: -2.54% Day High: 4351 Day Low: 4226

Target met. Continued weakness against ITRK taking the price below 4226 c ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 42.83 Percentage Change: -2.00% Day High: 43.38 Day Low: 42.53

If Lloyds Grp. experiences continued weakness below 42.53, it will invari ……..

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LSE:RMG Royal Mail Close Mid-Price: 273.2 Percentage Change: -2.11% Day High: 275 Day Low: 268.2

Target met. Continued weakness against RMG taking the price below 268.2 c ……..

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LSE:SBRY Sainsbury Close Mid-Price: 204.9 Percentage Change: -3.94% Day High: 213.7 Day Low: 204.4

In the event Sainsbury experiences weakness below 204.4 it calculates wit ……..

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LSE:SPX Spirax Close Mid-Price: 9552 Percentage Change: -2.93% Day High: 9808 Day Low: 9470

Target met. Weakness on Spirax below 9470 will invariably lead to 9214 wi ……..

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LSE:TSCO Tesco Close Mid-Price: 246.1 Percentage Change: -1.60% Day High: 251.2 Day Low: 242.4

Target met. Continued weakness against TSCO taking the price below 242.4 ……..

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

Lloyds Bank, price drop levels?

#Brent #Dax

We truly did not anticipate the FTSE hitting our 7325 drop target on Friday. The 142 point reversal from trigger to target was made doubly worse, thanks to the FTSE closing marginally below our target at 7317 points. It begs the question, should we anticipate things falling further? Thanks to inflation figures, the markets are behaving really badly and we’re worried for the future.

Lloyds Bank is a case in point. When we reviewed the share price three weeks ago, our simple request of the share price stumbling above just 46.4p to bring happy times has proven quite curious. The share price has tickled the trigger level a couple of times, yet utterly failed to exceed 46.4p. Instead, peaking at 46.2p perhaps carries an implication of inherent weakness and now, perhaps Lloyds Bank share price is setting itself up for a bit of a thrashing. If this is the case, the wider behaviour of the markets on Friday must surely carry the expectation of those shares with a possible excuse for a hammering to discover an excuse to run themselves into a brick wall anytime soon.

Should this be the case, it’s entirely possible Lloyds shall be about to introduce some potential entry levels.

 

Currently, for Lloyds Banking Group, below 43p looks troubling, calculating as capable of provoking reversal to an initial 41.4p. There are difficulties in suggestion 41.4p shall be a profitable entry level as such a target also brings a “lower low”. Neither does such an ambition collide with the Red uptrend, making the prospect of a bounce unlikely.

In the event 41.4p breaks, our secondary is at 38.3p and again, this is a troubled target level. Obviously it breaks the Red uptrend and, less obviously, it gives the share price an opportunity to close a session below the March levels of the Russia low. In this instance, we’re inclined to produce a third level drop target, should 38.3p break. Apparently Lloyds risks a cascade effect and hopefully shall find itself above to bounce at 32.5p. We can also produce an “ultimate bottom” of 26.9p, this representing a level below which we cannot calculate.

 

On a brighter note, Lloyds still requires exceed 46.4p to suggest happy days ahead. Unfortunately, we’re starting to suspect the only way Lloyds share price shall grow in value is if the company opt to introduce a “Share Split”, for instance taking back 5 shares and issuing 1 share in their place. This method, to artificially inflate the share price, historically fails to impress the markets and will be unlikely to do investors any favours.

 

Finally, the Baku Grand Prix finally returned the sport to it’s “Most Favoured” status. Sunday saw a few interesting opening laps, then it got boring and permitted a nap, waking up to enjoy the last 4 laps. That’s what Sunday afternoon racing should be like, orderly racing with a chance of a snooze. And no stupid controversy!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
1:05:54PM BRENT 120.56 118.71 118.57 116.91 120.87 121.75 122.56 123.84 120.42 Success
1:13:38PM GOLD 1871 Success
1:17:34PM FTSE 7352.98 ‘cess
1:24:16PM FRANCE 6187.2 Success
1:36:15PM GERMANY 13814 13740 13678 13659 13856 13968 13986 14068 13804 Success
1:41:59PM US500 3899 Success
1:47:48PM DOW 31391 Success
2:14:45PM NASDAQ 11837 Success
2:17:05PM JAPAN 27387 Success
10/06/2022 FTSE Closed at 7317 points. Change of -2.13%. Total value traded through LSE was: £ 6,019,204,674 a change of -10.01%
9/06/2022 FTSE Closed at 7476 points. Change of -1.54%. Total value traded through LSE was: £ 6,688,998,845 a change of -1.03%
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -0.13%. Total value traded through LSE was: £ 6,878,313,102 a change of 13.3%
6/06/2022 FTSE Closed at 7608 points. Change of 1.01%. Total value traded through LSE was: £ 6,070,626,814 a change of 3.85%
1/06/2022 FTSE Closed at 7532 points. Change of -0.99%. Total value traded through LSE was: £ 5,845,714,503 a change of -53.49%
31/05/2022 FTSE Closed at 7607 points. Change of -100%. Total value traded through LSE was: £ 12,568,637,540 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:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:ECO ECO (Atlantic) O & G** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:TSCO Tesco** **

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Updated charts published on : Carnival, 4D Pharma, ECO (Atlantic) O & G, Experian, EasyJet, Hikma, Hargreaves Lansdown, ITM Power, Intertek, Royal Mail, Spirax, Serco, Tesco,

LSE:CCL Carnival Close Mid-Price: 821.8 Percentage Change: -6.04% Day High: 880.4 Day Low: 822

Target met. Continued weakness against CCL taking the price below 822 cal ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 27.1 Percentage Change: -5.90% Day High: 28.5 Day Low: 26.35

Continued weakness against DDDD taking the price below 26.35 calculates a ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 30.5 Percentage Change: + 1.67% Day High: 31 Day Low: 29.6

Further movement against ECO (Atlantic) O & G ABOVE 31 should improve acc ……..

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LSE:EXPN Experian Close Mid-Price: 2423 Percentage Change: -2.57% Day High: 2467 Day Low: 2410

Target met. Weakness on Experian below 2410 will invariably lead to 2397 ……..

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LSE:EZJ EasyJet Close Mid-Price: 452.2 Percentage Change: -3.23% Day High: 463.3 Day Low: 448.9

In the event EasyJet experiences weakness below 448.9 it calculates with ……..

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LSE:HIK Hikma Close Mid-Price: 1583.5 Percentage Change: -1.71% Day High: 1614 Day Low: 1579.5

If Hikma experiences continued weakness below 1579.5, it will invariably ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 790 Percentage Change: -2.64% Day High: 817.6 Day Low: 790.6

Target met. In the event Hargreaves Lansdown experiences weakness below 7 ……..

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LSE:ITM ITM Power Close Mid-Price: 231.2 Percentage Change: -2.12% Day High: 243.7 Day Low: 228.9

If ITM Power experiences continued weakness below 228.9, it will invariab ……..

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LSE:ITRK Intertek Close Mid-Price: 4377 Percentage Change: -1.60% Day High: 4421 Day Low: 4331

Target met. Weakness on Intertek below 4331 will invariably lead to 4300 ……..

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LSE:RMG Royal Mail Close Mid-Price: 279.1 Percentage Change: -2.21% Day High: 283.4 Day Low: 276.4

Target met. Weakness on Royal Mail below 276.4 will invariably lead to 26 ……..

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LSE:SPX Spirax Close Mid-Price: 9840 Percentage Change: -3.53% Day High: 10145 Day Low: 9816

Target met. If Spirax experiences continued weakness below 9816, it will ……..

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LSE:SRP Serco Close Mid-Price: 178.6 Percentage Change: -2.83% Day High: 186 Day Low: 177.8

Target met. All Serco needs are mid-price trades ABOVE 186 to improve acc ……..

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LSE:TSCO Tesco Close Mid-Price: 250.1 Percentage Change: -0.83% Day High: 253.7 Day Low: 248.9

Target met. Weakness on Tesco below 248.9 will invariably lead to 243 wit ……..

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

Our popular FTSE for FRIDAY

#FTSE #Gold

There was a feeling of not hearing the news correctly. When the BBC mentioned the current UK PM has set out a plan for “benefit claimants to get mortgages”, deja vu and a memory of the financial crash of 2009 sprung to mind. Wasn’t the entire shambles caused by mortgages being given to folk who couldn’t afford to pay them?

The UK markets didn’t appear especially impressed anyway, the FTSE failing to even nod above its immediate plans to enjoy a day of misery. So instead, opting to spend the afternoon clearing out the shed felt like a better idea. This cunning plan took just a few minutes to be sidetracked!

 

Growing from the metal roof of the shed were three weird cocoons, each roughly the side of a golf ball. Returning to the office, a Google search revealed I’d probably had three Queen Wasps building nests, the cocoons destined to grow substantially when the residents matured. What really surprised was how many folk think the process to be fascinating, while the only thing really needed was finding to get rid of them. From the safety of the office, several plans were considered and discarded.

Firstly, Wasps Nest Powder was impossible as the product is designed to work on a “little stinging sod” factory with plenty of traffic.

Secondly, creating a flamethrower with a lit match and hairspray was out of the question. The shed has rather a lot of flammable contents.

Third, attaching a wire brush to a long pole felt like a good idea. I slid the door open and aggressively assaulted the largest cocoon. Alas, it transpired the largest wasp I’ve ever seen was in residence. While the thing didn’t quite grab the brush and attack me, it was considering it. Retreat, sliding the doors shut was the only option. A few minutes later, a used can of Raid Wasp Spray was thrown in the doors, sticky tape holding the spray down while the thing hissed like a frantic smoke grenade. After a reasonable timeframe, the forty point drop on the FTSE between 3 and 4pm, the shed doors were opened and the building left to air itself. By 5pm, sufficient courage was generated to squish the other two cocoons, neither of which disgorged a furious mummy wasp. One facet of wasp research was interesting. Only the female wasp stings and she does, frequently.

 

The FTSE spent Thursday stinging investors  but we’d a sneaking suspicion some recovery can be hoped for on Friday. At least, we had until the US markets threw a wobbly on Thursday evening, the DOW losing 500 points with indecent haste.  Currently, it appears above 7510 points should trigger some proper movement for the UK as an impressive lunge toward 7570 calculates as possible. If exceeded, our secondary works out at a less confident looking 7627 points. To be honest, we’re less confident about our secondary, due to the fascination shown by the FTSE at 7600 points in the last week and we shall not be aghast if the index once again decides to close a session around such a level.

Rather more key, for the longer term, is the Blue trend line on the chart. Presently, the FTSE needs close a session above 7667 to suggest an effort to break free from the current hiatus is possible but, to be fair, even a nod above the recent high of 7649 should give early warning for happy days ahead.

Our alternate scenario, if things decide to go pear shaped, comes should the FTSE manage below 7467 points – and NOT with an opening second downward spike. Such movement looks especially troubling, suggesting ongoing weakness to an initial 7409 points with secondary, if broken, at a bottom of 7325 points.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:26:26PM BRENT 121.87 121.57 121.15 122.68 123.2 123.565 122.4
9:28:08PM GOLD 1848.16 1839 1833 1850 1855 1859 1848 ‘cess
9:33:33PM FTSE 7440 7418 7358 7460 7494 7523 7466 Success
10:09:30PM FRANCE 6304 6299 6259 6381 6375 6394 6339 Success
10:18:11PM GERMANY 14117 14074 14026 14136 14144 14243 14097 Success
10:21:29PM US500 4024.82 4015 3963 4035 4035 4042 4015 Success
10:24:40PM DOW 32336 32261 32170 32425 32431 32460 32330 Success
10:27:19PM NASDAQ 12294 12252 12222 12410 12350 12411 12295 Success
10:29:34PM JAPAN 28025 27945 27898 28025 28105 28236 28013
9/06/2022 FTSE Closed at 7476 points. Change of -1.54%. Total value traded through LSE was: £ 6,688,998,845 a change of -1.03%
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -0.13%. Total value traded through LSE was: £ 6,878,313,102 a change of 13.3%
6/06/2022 FTSE Closed at 7608 points. Change of 1.01%. Total value traded through LSE was: £ 6,070,626,814 a change of 3.85%
1/06/2022 FTSE Closed at 7532 points. Change of -0.99%. Total value traded through LSE was: £ 5,845,714,503 a change of -53.49%
31/05/2022 FTSE Closed at 7607 points. Change of -100%. Total value traded through LSE was: £ 12,568,637,540 a change of 0%
30/05/2022 FTSE Closed at 7600 points. Change of 0%. Total value traded through LSE was: £ 5,407,099,048 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:BP. BP PLC** **LSE:DDDD 4D Pharma** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SRP Serco** **

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Updated charts published on : BP PLC, 4D Pharma, Gulf Keystone, Hikma, IG Group, International Personal Finance, ITM Power, Intertek, Royal Mail, Sainsbury, Serco,

LSE:BP. BP PLC Close Mid-Price: 448.3 Percentage Change: -0.69% Day High: 456 Day Low: 449.2

Further movement against BP PLC ABOVE 456 should improve acceleration tow ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 28.8 Percentage Change: -5.26% Day High: 30.35 Day Low: 28.4

Weakness on 4D Pharma below 28.4 will invariably lead to 17 with secondar ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 310 Percentage Change: + 0.00% Day High: 321 Day Low: 306.5

Target met. All Gulf Keystone needs are mid-price trades ABOVE 321 to imp ……..

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LSE:HIK Hikma Close Mid-Price: 1611 Percentage Change: -2.16% Day High: 1642 Day Low: 1597.5

In the event Hikma experiences weakness below 1597.5 it calculates with a ……..

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LSE:IGG IG Group Close Mid-Price: 670 Percentage Change: -5.77% Day High: 714.5 Day Low: 664.5

Target met. In the event IG Group experiences weakness below 664.5 it cal ……..

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LSE:IPF International Personal Finance Close Mid-Price: 85.5 Percentage Change: -6.04% Day High: 94.7 Day Low: 86.2

Further movement against International Personal Finance ABOVE 94.7 should ……..

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LSE:ITM ITM Power Close Mid-Price: 236.2 Percentage Change: -18.21% Day High: 278.8 Day Low: 236.1

Target met. Weakness on ITM Power below 236.1 will invariably lead to 214 ……..

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LSE:ITRK Intertek Close Mid-Price: 4448 Percentage Change: -0.94% Day High: 4471 Day Low: 4423

If Intertek experiences continued weakness below 4423, it will invariably ……..

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LSE:RMG Royal Mail Close Mid-Price: 285.4 Percentage Change: -2.06% Day High: 289.9 Day Low: 281.4

Target met. If Royal Mail experiences continued weakness below 281.4, it ……..

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LSE:SBRY Sainsbury Close Mid-Price: 209.4 Percentage Change: -5.85% Day High: 213.9 Day Low: 207.6

Target met. Weakness on Sainsbury below 207.6 will invariably lead to 193 ……..

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LSE:SRP Serco. Close Mid-Price: 183.8 Percentage Change: + 0.60% Day High: 184.8 Day Low: 181.2

In the event of Serco enjoying further trades beyond 184.8, the share sho ……..

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

SGL Carbon SE, holding the world together!

XE:SGL #Brent #WallSt

The carbon fibre industry is fascinating, due to the sheer mass of applications in which this amazing product finds itself. For most of us, the only frequent reminder are Formula1 commentators moaning about how long it takes track marshals to brush carbon fibre away, following a race track incident. In reality, whether it’s aircraft, wind turbines, building insulation, prosthetic limbs, or even Lithium-Ion batteries, both carbon and graphite are found. Someone once described carbon as “the duct tape of life”, a pretty fair description.

The company SGL are one of the biggies in the field with 31 locations worldwide. Back in the 1990’s, they even gained notoriety as a ringleader in a cartel which controlled supply and prices of carbon to the North American markets! However, nowadays, we’d be more inclined to congratulate their good taste in having a manufacturing facility in Muir of Ord in the Scottish Highlands, a convenient jumping off point for everywhere interesting in the north.

 

Our weekly trawl of European traded shares which look interesting revealed something potentially positive for SGL.

Currently, trades above 7.4€ should provoke further price recovery to an initial 8.2 euro. This is where things have the potential to trigger a change in the share price’ fortunes. Closure above 8.2 will place the price above the merciless Blue downtrend since 2012. Such a movement should prove sufficient for an attempt at 11.2€ initially, along with some almost certain hesitation due to prior highs. However, should 11.2 be exceeded, we can plan for a longer term 14.8€, along with a need to once again review the share price future.

For everything to go horribly wrong, the price needs crash below 4.85. Should such a tragedy occur, goodness knows how many race marshals shall be needed to brush up the mess…

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:42:20PM BRENT 123.2 119.64 118.45 116.74 121.63 123.58 124.11 124.49 122.48 Success
10:06:07PM GOLD 1853 ‘cess
10:08:11PM FTSE 7567
10:09:59PM FRANCE 6407
10:15:08PM GERMANY 14392
10:16:48PM US500 4119
10:19:45PM DOW 32930 32816 32777 32633 32978 33255 33414 33619 33015
10:21:43PM NASDAQ 12624
10:23:18PM JAPAN 28130 Not got a clue! 28284 28333 28734 27873
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -0.13%. Total value traded through LSE was: £ 6,878,313,102 a change of 13.3%
6/06/2022 FTSE Closed at 7608 points. Change of 1.01%. Total value traded through LSE was: £ 6,070,626,814 a change of 3.85%
1/06/2022 FTSE Closed at 7532 points. Change of -0.99%. Total value traded through LSE was: £ 5,845,714,503 a change of -53.49%
31/05/2022 FTSE Closed at 7607 points. Change of 0.09%. Total value traded through LSE was: £ 12,568,637,540 a change of 132.45%
30/05/2022 FTSE Closed at 7600 points. Change of -100%. Total value traded through LSE was: £ 5,407,099,048 a change of 0%
27/05/2022 FTSE Closed at 7585 points. Change of 0%. Total value traded through LSE was: £ 5,290,006,868 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:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:DDDD 4D Pharma** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:IGAS Igas Energy** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SRP Serco** **

********

Updated charts published on : BALFOUR BEATTY, BP PLC, 4D Pharma, EasyJet, Gulf Keystone, Igas Energy, IQE, Intertek, Royal Mail, Sainsbury, Serco,

LSE:BBY BALFOUR BEATTY Close Mid-Price: 267 Percentage Change: -0.37% Day High: 273.6 Day Low: 266.6

Further movement against BALFOUR BEATTY ABOVE 273.6 should improve accele ……..

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LSE:BP. BP PLC. Close Mid-Price: 451.4 Percentage Change: + 1.10% Day High: 452.5 Day Low: 448.75

Target met. Continued trades against BP. with a mid-price ABOVE 452.5 sho ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 30.4 Percentage Change: -3.80% Day High: 31.7 Day Low: 29.8

If 4D Pharma experiences continued weakness below 29.8, it will invariabl ……..

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LSE:EZJ EasyJet Close Mid-Price: 478.5 Percentage Change: -1.95% Day High: 496.9 Day Low: 462.3

Continued weakness against EZJ taking the price below 462.3 calculates as ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 310 Percentage Change: + 3.16% Day High: 310 Day Low: 302

Target met. Continued trades against GKP with a mid-price ABOVE 310 shoul ……..

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LSE:IGAS Igas Energy Close Mid-Price: 25.5 Percentage Change: -1.92% Day High: 26 Day Low: 24.2

If Igas Energy experiences continued weakness below 24.2, it will invaria ……..

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LSE:IQE IQE. Close Mid-Price: 41 Percentage Change: + 13.89% Day High: 41.05 Day Low: 35.85

In the event of IQE enjoying further trades beyond 41.05, the share shoul ……..

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LSE:ITRK Intertek Close Mid-Price: 4490 Percentage Change: -1.56% Day High: 4585 Day Low: 4467

In the event Intertek experiences weakness below 4467 it calculates with ……..

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LSE:RMG Royal Mail Close Mid-Price: 291.4 Percentage Change: -5.17% Day High: 307.9 Day Low: 290

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LSE:SBRY Sainsbury. Close Mid-Price: 222.4 Percentage Change: + 0.45% Day High: 224.4 Day Low: 220.2

Target met. If Sainsbury experiences continued weakness below 220.2, it ……..

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LSE:SRP Serco. Close Mid-Price: 182.7 Percentage Change: + 0.50% Day High: 183.3 Day Low: 180.5

Target met. Further movement against Serco ABOVE 183.3 should improve acc ……..

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

Bowleven, escaping Zombie Mode?

LSE:BLVN #FTSE #SP500)

Sometimes, when an AIM share makes a spectacular jump, it will quickly mimic our unwanted cat. The animals food bowl is in the kitchen, safely above opportunistic dog levels. To get to her food, she steps onto a footstool, then jumps to “her” feeding area. Sometimes when not paying attention, she fails to make the last few inches, her claws scraping the cupboard door as she slides to ground level with furious indignity.

Thankfully, Bowleven share price doesn’t appear determined to mimic the cat. We’ve been flooded with emails, due to the shares flamboyant Tuesday. Presumably they’ve released some good news to the marketplace, something which justifies real movement. We hope!

 

To get the bad news out of the way immediately, the price needs relax below 3.2p before we’d experience concerns for the future. And by relax, we mean ‘close a session’ below 3.2p, the level at which the share broke through the Blue downtrend since 2019.

 

However, the share price has now closed a session above the Blue downtrend and, perhaps more importantly, has also closed higher than its previous high in March. Despite “only” closing the session at 4.75p, it has officially entered the realms of “higher highs” and therefore, optimism is justified. From a near term perspective, should it trade above just 5.3p, we’ve a pretty weak argument favouring ongoing price recovery to 7.1p next. In the normal scheme of events, we’d propose a “safe” trigger level above Tuesdays 6.25p but when we review what actually happened after this initial high was achieved, it seems 5.3p can be nominated as the next growth trigger.

Above 7.1p and things start to become a little strange, due to a collection of quite strong recovery potentials.

Our secondary target calculates at 11.1p, an ambition which makes quite a lot of visual sense as there’s even the impression of a glass ceiling waiting in the future distance. We can even provide a 3rd level ambition, should the share price manage to actually CLOSE a session above 7.1p in the future. In this scenario, we can politely mention 15p. To be fair, we rarely produce a report where we give the potential of a share price trebling but in this instance, it’s difficult not to mention the potentials.

Hopefully the company avoid shooting themselves in the foot.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:52:07PM BRENT 120.08
9:54:45PM GOLD 1852.46
10:12:55PM FTSE 7623 7569 7538 7501 7599 7626 7638 7661 7602
10:15:19PM FRANCE 6521 Success
10:25:34PM GERMANY 14585
10:27:30PM US500 4152.12 4096 4081 4053 4126 4165 4173 4206 4125 Shambles
10:29:41PM DOW 33122.6 ‘cess
10:31:31PM NASDAQ 12683 Success
10:33:23PM JAPAN 28141
7/06/2022 FTSE Closed at 7598 points. Change of -0.13%. Total value traded through LSE was: £ 6,878,313,102 a change of 13.3%
6/06/2022 FTSE Closed at 7608 points. Change of 1.01%. Total value traded through LSE was: £ 6,070,626,814 a change of 3.85%
1/06/2022 FTSE Closed at 7532 points. Change of -0.99%. Total value traded through LSE was: £ 5,845,714,503 a change of -53.49%
31/05/2022 FTSE Closed at 7607 points. Change of 0.09%. Total value traded through LSE was: £ 12,568,637,540 a change of 132.45%
30/05/2022 FTSE Closed at 7600 points. Change of 0.2%. Total value traded through LSE was: £ 5,407,099,048 a change of 2.21%
27/05/2022 FTSE Closed at 7585 points. Change of -100%. Total value traded through LSE was: £ 5,290,006,868 a change of 0%
26/05/2022 FTSE Closed at 7564 points. Change of 0%. Total value traded through LSE was: £ 5,961,976,188 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:BLOE Block Energy PLC** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:DDDD 4D Pharma** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:ITRK Intertek** **LSE:SCLP Scancell** **

********

Updated charts published on : Block Energy PLC, Bowleven, BP PLC, 4D Pharma, Gulf Keystone, Glencore Xstra, Intertek, Scancell,

LSE:BLOE Block Energy PLC. Close Mid-Price: 2 Percentage Change: + 21.21% Day High: 2 Day Low: 1.65

Target met. All Block Energy PLC needs are mid-price trades ABOVE 2 to im ……..

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LSE:BLVN Bowleven. Close Mid-Price: 4.75 Percentage Change: + 90.00% Day High: 6.25 Day Low: 2.81

Target met. Continued trades against BLVN with a mid-price ABOVE 6.25 sho ……..

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LSE:BP. BP PLC. Close Mid-Price: 446.5 Percentage Change: + 1.37% Day High: 449.3 Day Low: 439.2

Target met. In the event of BP PLC enjoying further trades beyond 449.3, ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 31.6 Percentage Change: -4.24% Day High: 33.05 Day Low: 30.55

In the event 4D Pharma experiences weakness below 30.55 it calculates wit ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 300.5 Percentage Change: + 1.86% Day High: 303 Day Low: 295

Further movement against Gulf Keystone ABOVE 303 should improve accelerat ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 539.6 Percentage Change: -0.35% Day High: 548.3 Day Low: 535.6

In the event of Glencore Xstra enjoying further trades beyond 548.3, the ……..

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LSE:ITRK Intertek Close Mid-Price: 4561 Percentage Change: -1.13% Day High: 4617 Day Low: 4519

Continued weakness against ITRK taking the price below 4519 calculates as ……..

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LSE:SCLP Scancell Close Mid-Price: 12.25 Percentage Change: -3.54% Day High: 13.12 Day Low: 12.25

This is rather unsettled as now below 12.25 suggests imminent weakness to ……..

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

Telecom Plus Plc looks useful (LSE:TEP)

#Gold #WallSt

To be honest, it was easy to completely forget about the little boxes which plugged into a phone socket, routing outbound calls to cheaper providers than British Telecom. This was back in the late 1990’s, when BT tended treat innovation as a nuisance and sometimes, even behaved as if this new fangled Broadband was inconvenient. It transpires TelecomPlus were behind the Smart Box, now rebranded as Utility Warehouse.

It’s quite nice to realise an innovator not only survived but has actually flourished in the period since. Currently trading around 1720p, the shares could be picked up for 62p back in 2002. Also interesting to note is our favourite source of salacious gossip for shares, Wikipedia, is devoid of any juicy information. We picked up an accurate summary of Telecom Plus activities from their “About Us” page (below), giving more information than Wikipedia achieves!

Currently, something quite interesting is happening with LSE:TEP share price as it’s achieving higher highs than any point since 2014. Perhaps more importantly, there was some sort of Glass Ceiling vaguelly around the 15.50 quid level and the share appears desperate to leave it being. Now above 1724p calculates with the potential of price growth to an initial 1870p, a point at which we’d suspect some hesitation. Unfortunately, there’s an argument developing against the potentials, should such a level be exceeded.

Above 1870p, certainly presents a secondary target of a nice round 2000p. However, if our 15.50 quid Glass Ceiling argument is valid, the share price could simply continue acceleration to a longer term 2340p.

We’re pretty optimistic against this one and it needs below 1460p to foul our calculations for the future.

 

Many thanks to the nice people who discover fascinating adverts to visit on this page. The income from clicks keeps the coffee pouring.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:45:43PM BRENT 119.23 Shambles
10:47:30PM GOLD 1841 1840 1834 1820 1857 1858 1864 1872 1847
10:49:28PM FTSE 7608 ‘cess
10:51:17PM FRANCE 6538 ‘cess
10:58:27PM GERMANY 14693 Success
11:00:05PM US500 4123.17
11:02:10PM DOW 32924.2 32796 32636 32427 32982 33263 33443 33652 33038
11:04:10PM NASDAQ 12608
11:06:26PM JAPAN 28019 Success
6/06/2022 FTSE Closed at 7608 points. Change of 1.01%. Total value traded through LSE was: £ 6,070,626,814 a change of 3.85%
1/06/2022 FTSE Closed at 7532 points. Change of -0.99%. Total value traded through LSE was: £ 5,845,714,503 a change of -53.49%
31/05/2022 FTSE Closed at 7607 points. Change of 0.09%. Total value traded through LSE was: £ 12,568,637,540 a change of 132.45%
30/05/2022 FTSE Closed at 7600 points. Change of 0.2%. Total value traded through LSE was: £ 5,407,099,048 a change of 2.21%
27/05/2022 FTSE Closed at 7585 points. Change of 0.28%. Total value traded through LSE was: £ 5,290,006,868 a change of -11.27%
26/05/2022 FTSE Closed at 7564 points. Change of -100%. Total value traded through LSE was: £ 5,961,976,188 a change of 0%
25/05/2022 FTSE Closed at 7522 points. Change of 0%. Total value traded through LSE was: £ 6,164,105,326 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:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:DGE Diageo** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HUR Hurrican Energy** **LSE:IGAS Igas Energy** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **

********

Updated charts published on : Block Energy PLC, BP PLC, Cellular Goods, Diageo, Firstgroup, Gulf Keystone, Glencore Xstra, Hurrican Energy, Igas Energy, Natwest, Ocado Plc, Oxford Instruments, Rolls Royce, Serco,

LSE:BLOE Block Energy PLC. Close Mid-Price: 1.65 Percentage Change: + 1.54% Day High: 1.85 Day Low: 1.62

In the event of Block Energy PLC enjoying further trades beyond 1.85, the ……..

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LSE:BP. BP PLC. Close Mid-Price: 440.45 Percentage Change: + 2.12% Day High: 444.5 Day Low: 436.2

All BP PLC needs are mid-price trades ABOVE 444.5 to improve acceleration ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 2 Percentage Change: + 2.56% Day High: 2.08 Day Low: 1.95

Continued trades against CBX with a mid-price ABOVE 2.08 should improve t ……..

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LSE:DGE Diageo. Close Mid-Price: 3704.5 Percentage Change: + 2.28% Day High: 3737 Day Low: 3663

All Diageo needs are mid-price trades ABOVE 3737 to improve acceleration ……..

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LSE:FGP Firstgroup Close Mid-Price: 136 Percentage Change: -0.73% Day High: 143.6 Day Low: 134.9

Further movement against Firstgroup ABOVE 143.6 should improve accelerati ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 295 Percentage Change: + 2.61% Day High: 301 Day Low: 288

In the event of Gulf Keystone enjoying further trades beyond 301, the sha ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 541.5 Percentage Change: + 3.40% Day High: 542.6 Day Low: 529.7

Continued trades against GLEN with a mid-price ABOVE 542.6 should improve ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 7.44 Percentage Change: -4.12% Day High: 7.84 Day Low: 7.25

If Hurrican Energy experiences continued weakness below 7.25, it will inv ……..

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LSE:IGAS Igas Energy Close Mid-Price: 26.6 Percentage Change: -0.75% Day High: 27.4 Day Low: 25

Target met. Continued weakness against IGAS taking the price below 25 cal ……..

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LSE:NWG Natwest. Close Mid-Price: 230.4 Percentage Change: + 1.63% Day High: 233.1 Day Low: 228.6

Continued trades against NWG with a mid-price ABOVE 233.1 should improve ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 951.4 Percentage Change: + 4.71% Day High: 953.6 Day Low: 917.4

Target met. Further movement against Ocado Plc ABOVE 953.6 should improve ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2335 Percentage Change: + 4.94% Day High: 2370 Day Low: 2200

Target met. Further movement against Oxford Instruments ABOVE 2370 should ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 92.92 Percentage Change: + 4.72% Day High: 93.81 Day Low: 89.16

Target met. In the event of Rolls Royce enjoying further trades beyond 94 ……..

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LSE:SRP Serco. Close Mid-Price: 180 Percentage Change: + 0.61% Day High: 182.5 Day Low: 178.1

Continued trades against SRP with a mid-price ABOVE 182.5 should improve ……..

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

Barclays Plc, taking wings?

#Brent #CAC40

(LSE:BARC) When we previously reviewed #Barclays, we’d a thing about 140p, giving grave warnings should such a level break. Thankfully, the share price has avoided such a trigger level like a politician avoiding the truth, carefully skirting around it. Hopefully this is final confirmation some residual value is seen in the bank share price, despite its horrific behaviour since dinosaurs ruled the earth.

This, of course, logically brings us to ‘Jurassic World Dominion’, due in UK cinemas this week. A neighbour is visiting Los Angeles and blagged his way into a special early screening last week. His take appears quite straightforward, deeming it worth going to a cinema to see as the original gang are back together again. Perhaps this, coupled with another few recent major titles, shall contribute to cinema chain share prices showing some solid recovery.

 

Barclays share price is certainly showing potentials, almost presenting itself as pretty close to a sure thing. Of course, given we are discussing a retail bank and thus, it must be remembered there’s no such thing as a “sure thing” where a UK bank is concerned. It was amusing reading some notes on profitability, realising the 3rd most profitable part of Barclays is based in Luxemburg, an office with just 54 staff members and potentially a branch where income is legally diverted to avoid paying UK taxes. The story had a certain whiff of the bank taking careful aim at their own share price, once again!

For now, above 174p should trigger confident price movement to an initial 188p with secondary, if exceeded, now calculating at 204p. To spoil such a party, the share needs break below 161p as this would utterly foul our calculations.

Hopefully, movement to our 188p target level comes quicker than the August Bank Holiday which currently feels like a very distant hope.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
6:18:19PM BRENT 120.51 115.59 114.94 112.92 117.13 120.9 121.32 123.99 118.6
6:20:38PM GOLD 1851
6:34:57PM FTSE 7567
7:14:40PM FRANCE 6486 6470 6456 6424 6497 6552 6564 6619 6522
7:16:46PM GERMANY 14495
7:41:41PM US500 4108
7:43:26PM DOW 32896
7:46:49PM NASDAQ 12548
7:48:22PM JAPAN 27561
1/06/2022 FTSE Closed at 7532 points. Change of -0.99%. Total value traded through LSE was: £ 5,845,714,503 a change of -53.49%
31/05/2022 FTSE Closed at 7607 points. Change of 0.09%. Total value traded through LSE was: £ 12,568,637,540 a change of 132.45%
30/05/2022 FTSE Closed at 7600 points. Change of 0.2%. Total value traded through LSE was: £ 5,407,099,048 a change of 2.21%
27/05/2022 FTSE Closed at 7585 points. Change of 0.28%. Total value traded through LSE was: £ 5,290,006,868 a change of -11.27%
26/05/2022 FTSE Closed at 7564 points. Change of 0.56%. Total value traded through LSE was: £ 5,961,976,188 a change of -3.28%
25/05/2022 FTSE Closed at 7522 points. Change of 0.51%. Total value traded through LSE was: £ 6,164,105,326 a change of -26.57%
24/05/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 8,394,166,006 a change of 28.44%

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:BLOE Block Energy PLC** **LSE:BLVN Bowleven** **LSE:CBX Cellular Goods** **LSE:DGE Diageo** **LSE:HUR Hurrican Energy** **LSE:IGAS Igas Energy** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **

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Updated charts published on : Block Energy PLC, Bowleven, Cellular Goods, Diageo, Hurrican Energy, Igas Energy, Serco, Standard Chartered,

LSE:BLOE Block Energy PLC. Close Mid-Price: 1.62 Percentage Change: + 16.07% Day High: 1.62 Day Low: 1.4

Further movement against Block Energy PLC ABOVE 1.62 should improve accel ……..

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LSE:BLVN Bowleven. Close Mid-Price: 2.5 Percentage Change: + 0.00% Day High: 2.5 Day Low: 2.38

Weakness on Bowleven below 2.38 will invariably lead to 1.5 with secondar ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 1.95 Percentage Change: + 5.41% Day High: 1.95 Day Low: 1.85

All Cellular Goods needs are mid-price trades ABOVE 1.95 to improve accel ……..

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LSE:DGE Diageo Close Mid-Price: 3622 Percentage Change: -1.44% Day High: 3731.5 Day Low: 3621.5

In the event of Diageo enjoying further trades beyond 3731.5, the share s ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 7.76 Percentage Change: -2.51% Day High: 7.9 Day Low: 7.61

In the event Hurrican Energy experiences weakness below 7.61 it calculate ……..

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LSE:IGAS Igas Energy Close Mid-Price: 26.8 Percentage Change: -3.94% Day High: 28.7 Day Low: 26

Weakness on Igas Energy below 26 will invariably lead to 25 with secondar ……..

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LSE:SRP Serco. Close Mid-Price: 178.9 Percentage Change: + 1.53% Day High: 181.5 Day Low: 177.3

Target met. All Serco needs are mid-price trades ABOVE 181.5 to improve a ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 632.8 Percentage Change: + 0.48% Day High: 640.2 Day Low: 631.8

Continued trades against STAN with a mid-price ABOVE 640.2 should improve ……..

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