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Our award winning FTSE for FRIDAY (FTSE:UKX)

#FTSE #GOLD  There’s a Blue line on the FTSE chart, one we believed important but now we’re wondering whether it is the object of a cosmic  joke by the marketplace. After all our work last Friday, the index opened the session bang on the line at 7628 points, zoomed up to 7688 points (three points short of our target) and on Monday of this week, paraded lower like dancers at a Boris Johnston secret lockdown party. How we laughed…

 

It’s all very confusing, leaving an unpleasant notion the markets don’t actually have a clue what to do, a feeling slightly reinforced by the BoE’s latest attempts to damage the UK economy and make the recession they’d warned about last year become a reality, one actually caused by the Banks own policies. Quite why this should be the case is incomprehensible, other than a suspicion the UK is trying to prove it cannot manage for itself, ensuring any future vote on Europe opts to rejoin! We don’t claim to be economists but ongoing attempts to fight inflation by making everything more expensive surely defies logic.

Then again, maybe you can put out a fire by pouring petrol on it and we’ve always been taught incorrectly, the grown ups of the Bank of England Policy Committee knowing better.

 

 

As for Friday, it has been a rough week and perhaps the FTSE is due a break. In the event the FTSE manages above 7522 points, it should apparently trigger some recovery to an initial 7545 points with our secondary, if exceeded, at 7581 points. At this level, things do have the potential to become rather fascinating as above 7581 should enjoy the potential of spiking the index upward by nearly another 100 points to 7674 points. If this scenario triggers, the tightest stop loss level looks like 7467 points.

Our alternate scenario, if everything intends go wrong, suggests weakness below 7467 points risks triggering reversal down to an initial 7406 points with secondary, if broken, at 7356 points. To judge by market futures at this point early on Friday morning, it appears some hope is permitted for the FTSE near term.

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
9:42:55PM BRENT 75.14 74.49 73.97 75.2 75.21 75.465 74.95 ‘cess
9:45:37PM GOLD 1912.55 1912 1907 1919 1922 1933 1915 ‘cess
9:48:02PM FTSE 7514.9 7453 7437 7496 7522 7531 7506 ‘cess
9:50:55PM STOX50 4306.7 4256 4251 4282 4315 4326 4300 ‘cess
9:53:30PM GERMANY 15985 15880 15840 15956 16008 16099 15961 Success
9:57:18PM US500 4383.8 4360 4342 4375 4387 4400 4369 Success
9:59:31PM DOW 33968.5 33847 33791 33907 33999 34057 33905 ‘cess
10:01:48PM NASDAQ 15058.3 14903 14834 15008 15062 15129 14985
10:04:49PM JAPAN 33504 33363 33301 33472 33560 33600 33450 Success

 

22/06/2023 FTSE Closed at 7502 points. Change of -0.75%. Total value traded through LSE was: £ 4,777,191,347 a change of 6.91%
21/06/2023 FTSE Closed at 7559 points. Change of -0.13%. Total value traded through LSE was: £ 4,468,515,731 a change of -18.02%
20/06/2023 FTSE Closed at 7569 points. Change of -0.25%. Total value traded through LSE was: £ 5,450,485,635 a change of 18.02%
19/06/2023 FTSE Closed at 7588 points. Change of -0.71%. Total value traded through LSE was: £ 4,618,439,635 a change of -67.02%
16/06/2023 FTSE Closed at 7642 points. Change of 0.18%. Total value traded through LSE was: £ 14,002,242,699 a change of 107.37%
15/06/2023 FTSE Closed at 7628 points. Change of 0.34%. Total value traded through LSE was: £ 6,752,443,780 a change of 5.35%
14/06/2023 FTSE Closed at 7602 points. Change of 0.11%. Total value traded through LSE was: £ 6,409,785,309 a change of 14.25%

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:AML Aston Martin** **LSE:AV. Aviva** **LSE:BDEV Barrett Devs** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:DGE Diageo** **LSE:FRES Fresnillo** **LSE:GRG Greggs** **LSE:IGAS Igas Energy** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:SCLP Scancell** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Aston Martin, Aviva, Barrett Devs, B & M, British Telecom, Caspian, Diageo, Fresnillo, Greggs, Igas Energy, ITV, Just Eat, Lloyds Grp., Natwest, Parkmead, Quadrise, Scancell, Spirax, Serco, Taylor Wimpey,

LSE:AML Aston Martin. Close Mid-Price: 332.8 Percentage Change: + 3.03% Day High: 338 Day Low: 315

Target met. In the event of Aston Martin enjoying further trades beyond 3 ……..

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LSE:AV. Aviva Close Mid-Price: 385.8 Percentage Change: -1.56% Day High: 391.7 Day Low: 386.1

Target met. If Aviva experiences continued weakness below 386.1, it will ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 418.3 Percentage Change: -1.67% Day High: 428.1 Day Low: 411.2

Weakness on Barrett Devs below 411.2 will invariably lead to 361 with sec ……..

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LSE:BME B & M. Close Mid-Price: 575.6 Percentage Change: + 1.34% Day High: 575.6 Day Low: 559.6

Continued trades against BME with a mid-price ABOVE 575.6 should improve ……..

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LSE:BT.A British Telecom Close Mid-Price: 129.2 Percentage Change: -1.52% Day High: 130.8 Day Low: 128.1

If British Telecom experiences continued weakness below 128.1, it will in ……..

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LSE:CASP Caspian. Close Mid-Price: 4.4 Percentage Change: + 8.64% Day High: 4.4 Day Low: 3.95

Target met. In the event Caspian experiences weakness below 3.95 it calcu ……..

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LSE:DGE Diageo. Close Mid-Price: 3330.5 Percentage Change: + 0.76% Day High: 3341 Day Low: 3283

Target met. If Diageo experiences continued weakness below 3283, it will ……..

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LSE:FRES Fresnillo Close Mid-Price: 609.2 Percentage Change: -2.43% Day High: 622.6 Day Low: 605

Target met. In the event Fresnillo experiences weakness below 605 it calc ……..

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LSE:GRG Greggs Close Mid-Price: 2510 Percentage Change: -1.95% Day High: 2552 Day Low: 2500

Target met. If Greggs experiences continued weakness below 2500, it will ……..

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LSE:IGAS Igas Energy Close Mid-Price: 14.49 Percentage Change: -1.09% Day High: 14.4 Day Low: 14.2

Weakness on Igas Energy below 14.2 will invariably lead to 13 next with s ……..

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LSE:ITV ITV Close Mid-Price: 66.9 Percentage Change: -2.02% Day High: 68.26 Day Low: 66.8

In the event ITV experiences weakness below 66.8 it calculates with a dro ……..

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View Previous ITV & Big Picture ***

LSE:JET Just Eat. Close Mid-Price: 1090 Percentage Change: + 2.16% Day High: 1093 Day Low: 1044

Weakness on Just Eat below 1044 will invariably lead to 1023 and hopefull ……..

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View Previous Just Eat & Big Picture ***

LSE:LLOY Lloyds Grp. Close Mid-Price: 42.91 Percentage Change: -1.91% Day High: 43.47 Day Low: 42.95

Target met. Continued weakness against LLOY taking the price below 42.95 ……..

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LSE:NWG Natwest Close Mid-Price: 231.5 Percentage Change: -1.74% Day High: 235.4 Day Low: 230.3

Target met. If Natwest experiences continued weakness below 230.3, it wil ……..

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LSE:PMG Parkmead. Close Mid-Price: 13 Percentage Change: + 0.00% Day High: 13 Day Low: 12.75

Continued weakness against PMG taking the price below 12.75 calculates as ……..

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View Previous Parkmead & Big Picture ***

LSE:QED Quadrise. Close Mid-Price: 1.84 Percentage Change: + 11.84% Day High: 1.85 Day Low: 1.7

Target met. Continued trades against QED with a mid-price ABOVE 1.85 shou ……..

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LSE:SCLP Scancell Close Mid-Price: 13.75 Percentage Change: -3.51% Day High: 14.25 Day Low: 13.75

If Scancell experiences continued weakness below 13.75, it will invariabl ……..

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LSE:SPX Spirax. Close Mid-Price: 10235 Percentage Change: + 0.39% Day High: 10230 Day Low: 10090

If Spirax experiences continued weakness below 10090, it will invariably ……..

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LSE:SRP Serco Close Mid-Price: 137.2 Percentage Change: -1.22% Day High: 139.6 Day Low: 136

Target met. In the event Serco experiences weakness below 136 it calculat ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 102.7 Percentage Change: -1.72% Day High: 104.85 Day Low: 101.2

In the event Taylor Wimpey experiences weakness below 101.2 it calculates ……..

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View Previous Taylor Wimpey & Big Picture ***

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

Posted on

RC 365 (LSE:RCGH) Are the times a’changing?

#Gold #US500  Chipset company, Nvidia, have a lot to answer for. By dabbling with Artificial Intelligence, their share price soared with quite a few others in the same field following suit. Someone even noticed the top 20 “movers” in the S&P500 all mentioned AI in their earnings reports. Obviously, there’s a frantic search on this side of the pond for an equally skilled candidate and with their recent Press Release, RC 365 appear to be a leading candidate for growth.

To cut a long story short, their subsidiary has signed a non-legally binding agreement (our underline) to collaborate to bringing RC 365 Ai solutions into a financial services arena, aimed at providing digital wealth management solutions. While there’s an inherent suspicion the collection of buzzwords is designed to conceal no-one knows exactly what the end game should be, the markets in the UK appear fairly impressed as the share price has quadrupled in recent days, blowing up faster than a beached dead porpoise under our absurd Argyll sun. (yes, our Golden Retriever did roll on it)

 

 

Unfortunately, from our perspective, there’s a little issue, due to a lack of meaningful historical data to play with in attempting to express a future. With the best will in the world, neither the human brain or an Ai can hope to weave a future from a share price which previously spent a year pottering around the 20p level. However, we’re willing to make a stab at things, due to the pace of acceleration since June 15th as hopefully the optimism isn’t only being generated by enthusiasts active in internet chat rooms.

 

The immediate situation suggests share price growth now exceeding 97p could make an attempt at 107p next with secondary, if exceeded, at 120p. In the event the share price bursts above 120p, we’re at a loss, other than to nod sagely and write “it’s probably going higher!”. It’s one of these occasions where the market is going to define the value, rather than a more conventional reflection on historical share price movements.

Equally, if things intend go Boris Johnston shaped, the price needs below 52p to provoke serious issues.

 

This is doubtless worth keeping an eye on, especially if it ever exceeds 120p as it will be out-accelerating logic.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:18:24PM BRENT 77.11 ‘cess
9:20:33PM GOLD 1932.86 1918 1915 1905 1931 1939 1942 1950 1929 ‘cess
9:22:32PM FTSE 7538 ‘cess
9:28:36PM STOX50 4323.44
9:32:18PM GERMANY 15990.1 ‘cess
9:35:27PM US500 4365.3 4360 4263 4217 4380 4393 4399 4412 4367 ‘cess
9:40:44PM DOW 33961 ‘cess
9:49:17PM NASDAQ 14865
10:20:49PM JAPAN 33569 Success

 

21/06/2023 FTSE Closed at 7559 points. Change of -0.13%. Total value traded through LSE was: £ 4,468,515,731 a change of -18.02%
20/06/2023 FTSE Closed at 7569 points. Change of -0.25%. Total value traded through LSE was: £ 5,450,485,635 a change of 18.02%
19/06/2023 FTSE Closed at 7588 points. Change of -0.71%. Total value traded through LSE was: £ 4,618,439,635 a change of -67.02%
16/06/2023 FTSE Closed at 7642 points. Change of 0.18%. Total value traded through LSE was: £ 14,002,242,699 a change of 107.37%
15/06/2023 FTSE Closed at 7628 points. Change of 0.34%. Total value traded through LSE was: £ 6,752,443,780 a change of 5.35%
14/06/2023 FTSE Closed at 7602 points. Change of 0.11%. Total value traded through LSE was: £ 6,409,785,309 a change of 14.25%
13/06/2023 FTSE Closed at 7594 points. Change of 1.66%. Total value traded through LSE was: £ 5,610,301,636 a change of 24.77%

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:AML Aston Martin** **LSE:AV. Aviva** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:GRG Greggs** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:TERN Tern Plc** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Aston Martin, Aviva, B & M, British Telecom, Caspian, Firstgroup, Fresnillo, Greggs, IQE, ITV, Just Eat, Lloyds Grp., Natwest, Primary Health, Parkmead, Spirax, Serco, Taylor Wimpey,

LSE:AML Aston Martin. Close Mid-Price: 323 Percentage Change: + 4.19% Day High: 325 Day Low: 306.2

Target met. Continued trades against AML with a mid-price ABOVE 325 shoul ……..

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LSE:AV. Aviva Close Mid-Price: 391.9 Percentage Change: -0.51% Day High: 395 Day Low: 389.8

Weakness on Aviva below 389.8 will invariably lead to 387 with secondary, ……..

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LSE:BME B & M. Close Mid-Price: 568 Percentage Change: + 0.28% Day High: 571.4 Day Low: 560.8

All B & M needs are mid-price trades ABOVE 571.4 to improve acceleration ……..

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LSE:BT.A British Telecom Close Mid-Price: 131.2 Percentage Change: -2.85% Day High: 133.9 Day Low: 130.85

In the event British Telecom experiences weakness below 130.85 it calcula ……..

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LSE:CASP Caspian Close Mid-Price: 4.05 Percentage Change: -7.95% Day High: 4.4 Day Low: 4.05

Weakness on Caspian below 4.05 will invariably lead to 3.9p with secondar ……..

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LSE:FGP Firstgroup. Close Mid-Price: 141 Percentage Change: + 0.21% Day High: 145.3 Day Low: 139.8

Continued trades against FGP with a mid-price ABOVE 145.3 should improve ……..

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LSE:FRES Fresnillo Close Mid-Price: 624.4 Percentage Change: -3.22% Day High: 644 Day Low: 623

Target met. Continued weakness against FRES taking the price below 623p c ……..

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LSE:GRG Greggs Close Mid-Price: 2560 Percentage Change: -1.31% Day High: 2594 Day Low: 2560

Target met. In the event Greggs experiences weakness below 2560 it calcul ……..

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LSE:IQE IQE Close Mid-Price: 19.08 Percentage Change: -3.64% Day High: 19.92 Day Low: 18.92

Target met. Weakness on IQE below 18.92 will invariably lead to 17p with ……..

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LSE:ITV ITV Close Mid-Price: 68.28 Percentage Change: -1.53% Day High: 69.38 Day Low: 67.96

Continued weakness against ITV taking the price below 67.96 calculates as ……..

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LSE:JET Just Eat Close Mid-Price: 1067 Percentage Change: -0.84% Day High: 1088 Day Low: 1058

If Just Eat experiences continued weakness below 1058, it will invariably ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 43.74 Percentage Change: -2.39% Day High: 44.48 Day Low: 43.44

Weakness on Lloyds Grp. below 43.44 will invariably lead to 43.1 with sec ……..

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LSE:NWG Natwest Close Mid-Price: 235.6 Percentage Change: -3.95% Day High: 243.2 Day Low: 235.1

Target met. In the event of NWG share price managing to break below 235 ( ……..

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LSE:PHP Primary Health Close Mid-Price: 96.8 Percentage Change: -0.87% Day High: 98.1 Day Low: 94.85

In the event Primary Health experiences weakness below 94.85 it calculate ……..

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LSE:PMG Parkmead Close Mid-Price: 13 Percentage Change: -7.14% Day High: 14 Day Low: 13

If Parkmead experiences continued weakness below 13, it will invariably l ……..

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LSE:SPX Spirax Close Mid-Price: 10195 Percentage Change: -1.02% Day High: 10285 Day Low: 10145

In the event Spirax experiences weakness below 10145 it calculates with a ……..

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LSE:SRP Serco Close Mid-Price: 138.9 Percentage Change: -1.14% Day High: 141.5 Day Low: 139.2

Continued weakness against SRP taking the price below 139.2 calculates as ……..

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LSE:TERN Tern Plc Close Mid-Price: 4.25 Percentage Change: -5.56% Day High: 4.5 Day Low: 4.25

In the event Tern Plc experiences weakness below 3.25 it calculates with ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 104.5 Percentage Change: -3.51% Day High: 106.9 Day Low: 104.3

Weakness on Taylor Wimpey below 104.3 will invariably lead to 97 with sec ……..

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View Previous Taylor Wimpey & Big Picture ***

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

Posted on

Predator Oil & Gas Holdings (LSE:PRD), parading on our rain…

#FTSE #Nasdaq Thankfully, someone dropped us an email asking for an opinion on Predator as, frankly, on Tuesday evening we were short of inspiration. The problem was the weather. We’d dropped across to the mainland to pick something up, the journey eventually taking 6 hours!  For a change it wasn’t Argyll ferry services causing problems, instead a couple of rainstorms. As we approached the mainland, the welcome sight of a curtain of rain awaited, along with a break from 25c+ weather.

 

Shortly after disembarking the ferry and driving along the shore road, the rain started properly and within a few hundred yards, it achieved biblical proportions. Then things worsened, a torrential downpour of a category known as ‘Glencoe Rain’ slowing traffic down to a walking pace. (only folk who’ve experienced Glencoe Rain will understand) Thankfully, despite the pedestrian pace, we were making progress until we met an inevitable flood. Despite being in a Toyota 4WD diesel, attempting the dip in the road looked dodgy, thanks to a couple of SUV’s already floating around. Seeking higher ground appeared the wisest move, an idea which would add time to the journey (6 minutes according to Google), ensuring we arrived at our destination an hour late as other people also use Google Maps.

No-one was terribly inconvenienced, the car was loaded up and off we set on the journey home.

Suspecting, correctly, the flash flood would have cleared, it seemed the novelty of rain wasn’t finished. We’d just driven past our ‘only 20 minutes to the ferry’ mental waypoint, when the rain once again returned, manhole covers squirting water skyward and another flood, this one impassable thanks to a stalled HGV managing to block 4 lanes. He’d obviously experienced a personal “nope” moment and tried to u-turn. Once again, the Google Maps App was called to find a resolution but this time, it was easier to follow a taxi which smartly reversed course behind us. We navigated up a hill, through an industrial estate, discovered an exit into a bunch of new houses, eventually emerged literally on the other side of the big lake. Unfortunately, we’d again been moving at a walking pace and had missed our ferry. Oh, I forgot to mention the car interior had misted totally and it’s a bad idea to power all the electric windows at the same time. The fuse blows, ensuring you are getting very, very, wet and in any case, the air conditioning was contributing nothing to demist the front screen.

The final straw, catching the 9pm ferry, was phoning for a takeaway and discovering our favourite establishment shuts at 9pm during the week.

 

In summary, anything acidic about Predator may be allocated to us being in a filthy mood tonight, here in a still hot, humid, Argyll.

 

 

Glancing at their website, our kneejerk was one of caution as their blurb tends suggest an attempt to accumulate “greenwash credentials”, aiming to become a more responsible fossil fuel company. The sort of thing immediately generates suspicion in case the company are simply intending to go for PR brownie points. However…

 

 

Their share price is looking quite promising at first glance, going some way to imbue confidence for the fairly near future. Movement exceeding 11.35 should hopefully find its way to 13.3p next with secondary, if bettered, at 16.8p.

A secondary such as this is quite significant as closure above 15.5p should place the share price firmly in a zone where a future 21p should be a visually sane aim. Above such a level, we shall require to give the tea leaves another stir.

If everything intends go wrong for Predator, below 7.5p should prove an early warning signal of it being time to buy an umbrella and run.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:58:30PM BRENT 75.36
12:01:28AM GOLD 1936.42 Success
12:04:53AM FTSE 7559.6 7550 7532 7480 7581 7608 7625 7649 7578
12:09:26AM STOX50 4340
12:13:03AM GERMANY 16124 ‘cess
12:17:53AM US500 4388.5 Success
12:21:18AM DOW 34046.5 ‘cess
12:28:11AM NASDAQ 15071.7 14949 14918 14857 15014 15101 15177 15253 15044
12:31:21AM JAPAN 33139 ‘cess

 

20/06/2023 FTSE Closed at 7569 points. Change of -0.25%. Total value traded through LSE was: £ 5,450,485,635 a change of 18.02%
19/06/2023 FTSE Closed at 7588 points. Change of -0.71%. Total value traded through LSE was: £ 4,618,439,635 a change of -67.02%
16/06/2023 FTSE Closed at 7642 points. Change of 0.18%. Total value traded through LSE was: £ 14,002,242,699 a change of 107.37%
15/06/2023 FTSE Closed at 7628 points. Change of 0.34%. Total value traded through LSE was: £ 6,752,443,780 a change of 5.35%
14/06/2023 FTSE Closed at 7602 points. Change of 0.11%. Total value traded through LSE was: £ 6,409,785,309 a change of 14.25%
13/06/2023 FTSE Closed at 7594 points. Change of 1.66%. Total value traded through LSE was: £ 5,610,301,636 a change of 24.77%
12/06/2023 FTSE Closed at 7470 points. Change of -1.22%. Total value traded through LSE was: £ 4,496,360,714 a change of 0.19%

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:AML Aston Martin** **LSE:AV. Aviva** **LSE:BME B & M** **LSE:GRG Greggs** **LSE:IGAS Igas Energy** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:NWG Natwest** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:SPX Spirax** **

********

Updated charts published on : Aston Martin, Aviva, B & M, Greggs, Igas Energy, International Personal Finance, IQE, Natwest, Primary Health, Parkmead, Spirax,

LSE:AML Aston Martin. Close Mid-Price: 310 Percentage Change: + 0.39% Day High: 313.8 Day Low: 299.6

All Aston Martin needs are mid-price trades ABOVE 313.8 to improve accele ……..

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LSE:AV. Aviva Close Mid-Price: 393.9 Percentage Change: -0.25% Day High: 397.8 Day Low: 390.4

In the event Aviva experiences weakness below 390.4 it calculates with a ……..

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LSE:BME B & M. Close Mid-Price: 566.4 Percentage Change: + 1.76% Day High: 566.8 Day Low: 554.8

Further movement against B & M ABOVE 566.8 should improve acceleration to ……..

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LSE:GRG Greggs Close Mid-Price: 2594 Percentage Change: -1.67% Day High: 2626 Day Low: 2596

Continued weakness against GRG taking the price below 2596 calculates as ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 14.89 Percentage Change: + 1.64% Day High: 14.3 Day Low: 14.3

In the event Igas Energy experiences weakness below 14.3 it calculates wi ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 118.5 Percentage Change: + 1.28% Day High: 121.5 Day Low: 115

Further movement against International Personal Finance ABOVE 121.5 shoul ……..

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LSE:IQE IQE Close Mid-Price: 19.8 Percentage Change: -5.49% Day High: 20.8 Day Low: 19.7

If IQE experiences continued weakness below 19.7, it will invariably lead ……..

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LSE:NWG Natwest Close Mid-Price: 245.3 Percentage Change: -2.93% Day High: 254.1 Day Low: 244.9

Continued weakness against NWG taking the price below 244.9 calculates as ……..

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LSE:PHP Primary Health Close Mid-Price: 97.65 Percentage Change: -0.41% Day High: 98 Day Low: 96.65

If Primary Health experiences continued weakness below 96.65, it will inv ……..

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LSE:PMG Parkmead Close Mid-Price: 14 Percentage Change: -6.67% Day High: 15 Day Low: 13.5

Target met. Weakness on Parkmead below 13.5 will invariably lead to 12 an ……..

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LSE:SPX Spirax Close Mid-Price: 10300 Percentage Change: -0.58% Day High: 10495 Day Low: 10220

Continued weakness against SPX taking the price below 10220 calculates as ……..

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

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Wickes Group (LSE:WIX), a screwed down share?

#Gold #DAX  With a senior executive of DIY chain Wickes ensuring the company joined Bud (American company who make something claimed to be beer) and Nike, there has been perhaps a little miscalculation. The bloke at Wickes also called 90% of their clients “slightly ignorant”. The retail industry, with a long and proud tradition of treating their customers like fools, has a pretty solid golden rule. In fact, it is even named after the chap who encapsulated it, the Ratner Rule. You never, ever, actually tell your customers what you think of them!

Despite frantic panic, Twitter has been awash with outrage, the video popping up as quickly as whoever is washing the platform deletes it.

A read through Wickes messages on Twitter shows the whimsical nature of customers, asking the company Twitter feed how to cancel orders as in-store are giving a run-around. All things considered, Wickes appear not to be enjoying a great time at what should be their peak season of the DIY year.

 

Obviously, from our own perspective, we only care about their share price, curious if it intends follow the trajectory of Bud & Nike?

 

There’s an immediate issue with recent price movements. The uptrend since September last year is currently at 121.769p and yesterday (Monday 19 June) it closed at 122.1p, marginally above this uptrend and suggesting the recent break may prove to be a fake. However, there are also a couple of usually reliable signals, a Gap Up and a Gap Down, often one of the safer suggestions for imminent doom.

In the case of Wickes, This is a calculation weakness next below 118 should provoke a fall to an immediate 112p, followed by a bounce which probably shall not last. Instead, if 112p is broken, we shall not be surprised if the share price eventually discovers a bottom at 95p.

 

On the basis this has all been an awful mistake, not a final nail in share price movements which have been awful since 2021 (high of 288p), some hope may be found in this pronouncement being the personal opinion of someone who may decide to spend some time gardening. Whereas the Bud and Nike debacles were the result of corporate decision making, decisions harder to correct from a PR perspective.

Presently Wickes needs exceed 139p to give hope for recovery, calculating with the potential of an initial 152p with secondary, if exceeded, at a future 163p and a need to revisit the numbers.

 

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:19:18PM BRENT 76.12
10:22:58PM GOLD 1950.79 1947 1944 1936 1954 1957 1959 1963 1950 ‘cess
10:25:01PM FTSE 7592.99
10:28:08PM STOX50 4366.9
10:30:57PM GERMANY 16217.93 16184 16108 16000 16303 16348 16361 16420 16259 ‘cess
10:33:06PM US500 4404.9
10:35:06PM DOW 34213
10:37:03PM NASDAQ 15066.85
10:39:35PM JAPAN 33369 Success

 

19/06/2023 FTSE Closed at 7588 points. Change of -0.71%. Total value traded through LSE was: £ 4,618,439,635 a change of -67.02%
16/06/2023 FTSE Closed at 7642 points. Change of 0.18%. Total value traded through LSE was: £ 14,002,242,699 a change of 107.37%
15/06/2023 FTSE Closed at 7628 points. Change of 0.34%. Total value traded through LSE was: £ 6,752,443,780 a change of 5.35%
14/06/2023 FTSE Closed at 7602 points. Change of 0.11%. Total value traded through LSE was: £ 6,409,785,309 a change of 14.25%
13/06/2023 FTSE Closed at 7594 points. Change of 1.66%. Total value traded through LSE was: £ 5,610,301,636 a change of 24.77%
12/06/2023 FTSE Closed at 7470 points. Change of -1.22%. Total value traded through LSE was: £ 4,496,360,714 a change of 0.19%
9/06/2023 FTSE Closed at 7562 points. Change of -0.49%. Total value traded through LSE was: £ 4,487,952,425 a change of -12.07%

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

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

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

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

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

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

Click Epic to jump to share: LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:HIK Hikma** **LSE:NWG Natwest** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Cellular Goods, Carnival, Diageo, Hikma, Natwest, Primary Health, Parkmead, Spirax, Taylor Wimpey,

LSE:CBX Cellular Goods. Close Mid-Price: 0.85 Percentage Change: + 3.03% Day High: 0.9 Day Low: 0.81

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LSE:CCL Carnival. Close Mid-Price: 1143.5 Percentage Change: + 3.62% Day High: 1149.5 Day Low: 1092.5

All Carnival needs are mid-price trades ABOVE 1149.5 to improve accelerat ……..

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LSE:DGE Diageo Close Mid-Price: 3305 Percentage Change: -1.48% Day High: 3353 Day Low: 3301

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LSE:HIK Hikma Close Mid-Price: 1893 Percentage Change: -1.92% Day High: 1934 Day Low: 1882.5

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LSE:NWG Natwest Close Mid-Price: 252.7 Percentage Change: -0.94% Day High: 256.8 Day Low: 252.4

Weakness on Natwest below 252.4 will invariably lead to 238 with secondar ……..

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LSE:PHP Primary Health Close Mid-Price: 98.05 Percentage Change: -2.24% Day High: 99.85 Day Low: 97.8

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LSE:PMG Parkmead Close Mid-Price: 15 Percentage Change: -18.92% Day High: 18.5 Day Low: 15

Target met. In the event Parkmead experiences weakness below 15 it calcul ……..

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LSE:SPX Spirax Close Mid-Price: 10360 Percentage Change: -6.79% Day High: 11095 Day Low: 10320

Target met. Weakness on Spirax below 10320 will invariably lead to 10019p ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 107.85 Percentage Change: -1.87% Day High: 109.45 Day Low: 107.5

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

Posted on

Lloyds Banking Group (LSE:LLOY), ready to bite?

Lloyds Banking Group (LSE:LLOY)  Here in Argyll, it rained tonight. Had this volume of rain occurred elsewhere, it’d probably make front page news but in Argyll, there is more a sense of relief we can burn some garden rubbish again. Our own measure of “safe” is simple; if the garden stream is sufficient to grab a panic bucket of water, it’s safe to finally immolate some waste. As it’s been nearly 6 weeks since meaningfully bad weather, we shall doubtless hold off on reaching for a box of matches, perhaps until the waterfall is serious again.

 

Surprisingly, this actually has something to do with Lloyds share price. Similar to us wanting some rain, everyone’s been wanting Lloyds to make a meaningful share price movement and from a ‘charty’ perspective, it’s reaching the point where an end to the immediate movement drought will make some sense, despite the potential for a sudden faux pas before any lift.

A glance at the charts below reveals a few interesting stories.

Firstly, there’s the Blue downtrend, a line defined by an extraordinary 11 share price highs since February. For a downtrend to be this tightly managed, it sends a fairly vivid signal that the market is watching things pretty closely.

Secondly, there’s the Red circled areas on each chart. From reviewing daily price movements on the upper chart, the impression is being given of the share price being slightly vibrant but, when the closing prices are examined on the lower chart, the harsh reality is of sod all really happening! But from our perspective, this may not be entirely true.

When a share price starts following a downtrend from afar, such has happening with Lloyds during this month, it often forms the precursor for a completely surprise upward movement in price. This, unfortunately, is where the faux pas will often occur. The market, in a service to traders, will frequently preface such an upward movement with a sharp drop, designed we suspect to trigger short positions prior to a rise or force share holders to sell some of their shares in an utter panic. Thereafter, everyone gets to see such a share price cheerfully gallop away in the other direction… There’s absolutely no certainty this is about to happen but, as we mentioned, it happens and the market does have a perfect sense of humour. As a result, we shall not be aghast to witness a sudden sharp reversal anytime soon.

 

 

On the basis this share makes a movement upward, above 47p now looks capable of a lift to an initial 48.9p with our secondary, if bettered, at 51p. In this instance, it will be clear the downtrend for 2023 is being retired, suggesting the share price shall now be trading in a zone where a future 61p makes a lot of sense.

If things intend go wrong, share price CLOSURE below 43p looks troubling, allowing for reversal to an initial 41p with secondary, if broken, at 36p.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:29:14PM BRENT 76.32 75.08 74.685 74.01 75.96 76.72 77.3475 77.99 75.57
10:13:16PM GOLD 1958.08 1953 1947 1941 1962 1967 1975 1992 1959
10:15:43PM FTSE 7621.44 7610 7587 7554 7640 7664 7699 7751 7621 ‘cess
10:17:49PM STOX50 4363 4353 4333 4308 4387 4409 4430 4463 4378 ‘cess
10:20:40PM GERMANY 16279.67 16259 16190 16109 16337 16433 16455 16497 16346 ‘cess
10:23:17PM US500 4411.52 4325 4294 4242 4381 4450 4461 4555 4395 Success
10:25:30PM DOW 34297.2 34274 34157 34017 34380 34577 34591 34696 34409 Success
10:27:34PM NASDAQ 15084.07 15070 14994 14896 15150 15289 15313 15394 15144 Success
10:30:16PM JAPAN 33742 33604 33526 33368 33801 34005 34104 34406 33780 Success

 

16/06/2023 FTSE Closed at 7642 points. Change of 0.18%. Total value traded through LSE was: £ 14,002,242,699 a change of 107.37%
15/06/2023 FTSE Closed at 7628 points. Change of 0.34%. Total value traded through LSE was: £ 6,752,443,780 a change of 5.35%
14/06/2023 FTSE Closed at 7602 points. Change of 0.11%. Total value traded through LSE was: £ 6,409,785,309 a change of 14.25%
13/06/2023 FTSE Closed at 7594 points. Change of 1.66%. Total value traded through LSE was: £ 5,610,301,636 a change of 24.77%
12/06/2023 FTSE Closed at 7470 points. Change of -1.22%. Total value traded through LSE was: £ 4,496,360,714 a change of 0.19%
9/06/2023 FTSE Closed at 7562 points. Change of -0.49%. Total value traded through LSE was: £ 4,487,952,425 a change of -12.07%
8/06/2023 FTSE Closed at 7599 points. Change of -0.33%. Total value traded through LSE was: £ 5,104,102,479 a change of 3.08%

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:AML Aston Martin** **LSE:AVCT Avacta** **LSE:BME B & M** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:IAG British Airways** **LSE:ITV ITV** **LSE:PMG Parkmead** **

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Updated charts published on : Aston Martin, Avacta, B & M, Carnival, Darktrace Plc, British Airways, ITV, Parkmead,

LSE:AML Aston Martin. Close Mid-Price: 307.2 Percentage Change: + 2.40% Day High: 311.4 Day Low: 301

Target met. Further movement against Aston Martin ABOVE 311.4 should impr ……..

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LSE:AVCT Avacta Close Mid-Price: 99 Percentage Change: -2.94% Day High: 105.5 Day Low: 99

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LSE:BME B & M. Close Mid-Price: 553.4 Percentage Change: + 0.73% Day High: 559 Day Low: 547.6

In the event of B & M enjoying further trades beyond 559, the share shoul ……..

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LSE:CCL Carnival. Close Mid-Price: 1103.5 Percentage Change: + 0.36% Day High: 1143 Day Low: 1091.5

Target met. Continued trades against CCL with a mid-price ABOVE 1143 shou ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 347.3 Percentage Change: + 13.20% Day High: 354.4 Day Low: 309.6

Further movement against Darktrace Plc ABOVE 354.4 should improve acceler ……..

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LSE:IAG British Airways. Close Mid-Price: 166 Percentage Change: + 0.06% Day High: 167 Day Low: 164.75

Target met. Further movement against British Airways ABOVE 167 should im ……..

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LSE:ITV ITV. Close Mid-Price: 70.64 Percentage Change: + 0.83% Day High: 71.84 Day Low: 68.88

Target met. Weakness on ITV below 68.88 will invariably lead to 64p with ……..

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LSE:PMG Parkmead. Close Mid-Price: 18.5 Percentage Change: + 0.00% Day High: 18.5 Day Low: 17.5

Target met. Continued weakness against PMG taking the price below 17.5 ca ……..

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

Posted on

Our award winning FTSE for FRIDAY (FTSE:UKX)

#FTSE #Nasdaq  It was clearly party time for the FTSE on Thursday as the index, finally, managed to close a session above the Blue downtrend line on the chart. We’ve been prattling on about how important this trend may be and now, with the index opting to close a session at 7628.26 points, it has exceeded the line, currently roughly around 7609.176 points. Not only did the market close above this level, it also closed above the prior high of 7628.1 points.

Obviously, happy days are here again. Unless they are not… Usually, when an upward break such as this occurs, if the market wishes to reverse the wishes of the market (yup, makes little sense) the next day experiences a price being gapped down, once again trading below a price level the market intends to avoid! In this instance, our inclination is to anticipate some gains on the FTSE for Friday. Hopefully the world or politicians don’t invent some reason to damage our gullible optimism. Who knows, perhaps the UK shall face a shortage of Factor 50 sunblock, over the winter!

 

 

For the immediate future, if we fall for the notorious notion the FTSE is due some gains, above 7633 should hopefully point the market in the direction of an initial 7691 points. Our longer term (or later that day!) secondary calculates at 7740 points. From our perspective, there’s a lot of upward force been building, making the prospect of a surprise sharp rise in the UK index a strong possibility.

 

Should things intend melt like cheap icecream, the index now requires below 7574 to ring alarm tones, pointing at the potential of reversal to 7334 with secondary, if broken, at 7326 and a probable bottom. Currently, this scenario appears as likely as Spanish driver Alonso actually winning a Grand Prix, a difficulty for as long as other drivers also have cars. Needless to say, he’s racing on Sunday in the sometimes fragile Canadian race.

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
9:08:48PM BRENT 73.67 72.97 71.79 74.3 75.42 75.96 74.26 ‘cess
9:11:15PM GOLD 1946.29 1939 1936 1951 1960 1963 1950 Shambles
9:14:31PM FTSE 7592.87 7574 7548 7606 7641 7655 7607 Success
9:55:54PM STOX50 4390 4332 4315 4360 4390 4409 4364
9:59:39PM GERMANY 16263.04 16175 16127 16247 16339 16387 16235 ‘cess
10:03:50PM US500 4331 4330 4305 4355 4392 4411 4365 ‘cess
10:07:11PM DOW 33703 33697 33643 33913 34060 34174 33864 Success
10:11:24PM NASDAQ 14839.6 14765 14653 15955 15051 15140 14920 ‘cess
10:13:33PM JAPAN 33638 33202 32988 33401 33660 33761 33436

 

15/06/2023 FTSE Closed at 7628 points. Change of 0.34%. Total value traded through LSE was: £ 6,752,443,780 a change of 5.35%
14/06/2023 FTSE Closed at 7602 points. Change of 0.11%. Total value traded through LSE was: £ 6,409,785,309 a change of 14.25%
13/06/2023 FTSE Closed at 7594 points. Change of 1.66%. Total value traded through LSE was: £ 5,610,301,636 a change of 24.77%
12/06/2023 FTSE Closed at 7470 points. Change of -1.22%. Total value traded through LSE was: £ 4,496,360,714 a change of 0.19%
9/06/2023 FTSE Closed at 7562 points. Change of -0.49%. Total value traded through LSE was: £ 4,487,952,425 a change of -12.07%
8/06/2023 FTSE Closed at 7599 points. Change of -0.33%. Total value traded through LSE was: £ 5,104,102,479 a change of 3.08%
7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:BME B & M** **LSE:CCL Carnival** **LSE:HIK Hikma** **LSE:PHP Primary Health** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Aston Martin, B & M, Carnival, Hikma, Primary Health, Taylor Wimpey,

LSE:AML Aston Martin. Close Mid-Price: 300 Percentage Change: + 0.47% Day High: 304 Day Low: 285.2

In the event of Aston Martin enjoying further trades beyond 304, the shar ……..

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LSE:BME B & M. Close Mid-Price: 549.4 Percentage Change: + 0.55% Day High: 550.2 Day Low: 544.4

B&M are my wifes guilty secret, always going to a particular store when ru ……..

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LSE:CCL Carnival. Close Mid-Price: 1099.5 Percentage Change: + 1.06% Day High: 1107.5 Day Low: 1072

In the event of Carnival enjoying further trades beyond 1107.5, the share ……..

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LSE:HIK Hikma. Close Mid-Price: 1925 Percentage Change: + 1.32% Day High: 1932.5 Day Low: 1899

Target met. All Hikma needs are mid-price trades ABOVE 1932.5 to improve ……..

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LSE:PHP Primary Health Close Mid-Price: 99.25 Percentage Change: -0.05% Day High: 100.1 Day Low: 98.3

Weakness on Primary Health below 98.3 will invariably lead to 92 next wit ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 109.35 Percentage Change: -0.91% Day High: 111.2 Day Low: 108.1

Continued weakness against TW. taking the price below 108.1 calculates as ……..

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

Posted on

Howden Joinery Group Plc (LSE:HWDN), building a future?

#Gold #Nasdaq  Builders like to complain. For quite some time, friends in the industry moaned incessantly about the Covid-19 related downturn and now, following a couple of months populated by a busy silence, they’re whining again. Apparently, joiners and scaffolders are the worst, when it comes to working in the hot temperatures currently being suffered by Scotland, a few days approaching 30c proving sufficient to bring complaints to the fore. In fairness, Scotland is fine tuned for pretty rubbish average weather, the majority of folk not accustomed to unexpected events like “summer”.

 

This gripe about the current weather has quite a bit to do with Howdens share price as it appears the building industry, for local traders, is quite firmly kicking into action again. Howdens, Supplier of Fitted Kitchens to The Queen, complete with the appropriate royal warrant, appear well placed to experience some share price recovery as confidence in trading conditions must surely equate to confidence in ongoing profits.

Their share price has been essentially mucking around so far in 2023 but there are recent signs the value may be expected to break from the immediate malaise.

 

We’ve allocated 706p as holding the potential for a trigger level. Above 706p should prove capable of the share entering a recovery cycle to an initial 800p with secondary, if exceeded, at a longer term 912p, a price level where the historicals give a visual slight impression for some hesitation. Certainly, should 912p make an appearance, we shall feel duty bound to revisit this FTSE250 component, once again reading the tea leaves as some fairly strong longer term potentials become available.

 

For now, if Howden wish to blot their copybook, the share price needs below 650p to risk some anarchy, threatening reversal to an initial 503p with secondary, if broken, an improbable looking 342p as “bottom”.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:08:48PM BRENT 73.67 ‘cess
9:11:15PM GOLD 1946.29 1939 1936 1928 1951 1960 1963 1971 1950 Shambles
9:14:31PM FTSE 7592.87 Success
9:55:54PM STOX50 4390
9:59:39PM GERMANY 16263.04 ‘cess
10:03:50PM US500 4331 ‘cess
10:07:11PM DOW 33703 Success
10:11:24PM NASDAQ 14839.6 14765 14653 14521 15955 15051 15140 15259 14920 ‘cess
10:13:33PM JAPAN 33638

 

14/06/2023 FTSE Closed at 7602 points. Change of 0.11%. Total value traded through LSE was: £ 6,409,785,309 a change of 14.25%
13/06/2023 FTSE Closed at 7594 points. Change of 1.66%. Total value traded through LSE was: £ 5,610,301,636 a change of 24.77%
12/06/2023 FTSE Closed at 7470 points. Change of -1.22%. Total value traded through LSE was: £ 4,496,360,714 a change of 0.19%
9/06/2023 FTSE Closed at 7562 points. Change of -0.49%. Total value traded through LSE was: £ 4,487,952,425 a change of -12.07%
8/06/2023 FTSE Closed at 7599 points. Change of -0.33%. Total value traded through LSE was: £ 5,104,102,479 a change of 3.08%
7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%
6/06/2023 FTSE Closed at 7628 points. Change of 0.38%. Total value traded through LSE was: £ 4,909,723,355 a change of 21.93%

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:AML Aston Martin** **LSE:AVCT Avacta** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:IAG British Airways** **LSE:NG. National Glib** **

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Updated charts published on : Aston Martin, Avacta, Caspian, Carnival, British Airways, National Glib,

LSE:AML Aston Martin. Close Mid-Price: 298.6 Percentage Change: + 7.10% Day High: 298 Day Low: 284

Target met. Continued trades against AML with a mid-price ABOVE 298 shoul ……..

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View Previous Aston Martin & Big Picture ***

LSE:AVCT Avacta Close Mid-Price: 103 Percentage Change: -1.44% Day High: 104.5 Day Low: 100

In the event Avacta experiences weakness below 100 it calculates with a d ……..

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View Previous Avacta & Big Picture ***

LSE:CASP Caspian Close Mid-Price: 4.6 Percentage Change: -5.15% Day High: 4.85 Day Low: 4.25

Target met. Continued weakness against CASP taking the price below 4.25 c ……..

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LSE:CCL Carnival. Close Mid-Price: 1088 Percentage Change: + 2.21% Day High: 1100 Day Low: 1070

Target met. Further movement against Carnival ABOVE 1100 should improve a ……..

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LSE:IAG British Airways. Close Mid-Price: 165.8 Percentage Change: + 0.03% Day High: 166.4 Day Low: 164.85

Continued trades against IAG with a mid-price ABOVE 166.4 should improve ……..

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View Previous British Airways & Big Picture ***

LSE:NG. National Glib Close Mid-Price: 1031.5 Percentage Change: -0.43% Day High: 1038.5 Day Low: 1028.5

Target met. In the event National Glib experiences weakness below 1028.5 ……..

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