FTSE for FRIDAY (FTSE:UKX), hopefully a day of gains

#FTSE #Gold

We gave a pretty accurate throwaway comment on Wednesday, telling clients the FTSE was probably heading down but we suspected a bounce around 7680 points. Needless to say, when the market actually hit 7680, it was like a return to childhood and Dr Who, hiding behind the couch when the Cyber Men came on. Amusingly, as an adult, something similar happened when the most recent Doctor appeared on screen, giving a reminder to change channel and watch something else!

 

As for the FTSE, seeing the market hit 7680 points at 3.12pm provided the perfect time to leave the screens and go make an unfashionable Latte, breaking a personal rule (inspired by Italy) to never make one after 10am. After all, it’s really a breakfast beverage rather than an all day event, despite deep seated greed. Amusingly, discussing another drink with my wife provoked the need for some fast talking. She was doing her online supermarket shop and spotted Malibu Rum at some sort of discounted price. I asked her not to buy it, ‘cos it’s a quite refreshing drink anytime. Unfortunately, using the term;

“It’s a breakfast rum” was ill advised, needing the rest of the day to convince I could never, ever, drink rum at breakfast time.

Only while writing this did a memory dawn, skiing with my wife in Austria, dumping Rum from a hip flask into our traditional Hot Chocolate reward at the end of our first descent, generally by 9.30am. Knowing how we behaved back in the day, it was likely the hip flask was filled with Pussers Rum.

 

 

Gosh, there used to be a TV comedian called Ronnie (something) who’s trademark style was to start telling a story, taking the viewer to the lame punchline via an often surreal journey. In this instance, it appears we’ve done exactly the same, sneaking Dr Who, Malibu, Hot Chocolate and Pussers Rum, into the excuse for an afternoon Latte!

 

 

Our lame punchline is, when returning with the Latte, the FTSE had bounced from our target and was teasing, spending the minutes trying to better the high of 7696 points which has been achieved before hitting out bottom level. There was every chance, should the FTSE exceed this level, it risked triggering further positive movements as it would now be creating an official “higher high”. This sort of thing isn’t only a Big Picture phenomena but instead, is something worth applying to most scenario as the results generally will not disappoint. Unless, of course, the market starts throwing price movements gaps into the equation, making it dangerous to rely upon visuals.

 

 

As it looks like our 7680 shall prove an important moment in time, any moves now below such a level risks promoting reversal down to an initial 7643 and hopefully a proper bounce. Visually, this certainly appears likely due to the presence of the Blue downtrend since 2018. In the event 7643 breaks, our secondary calculates at 7578 points and a dodgy return under the long term downtrend, dumping the index in a zone where an eventual 7371 works out as a bottom.

 

However, the 50 point bounce from 7680 is giving some hope for Friday and now above 7740 looks capable of triggering movement to an initial 7771 points with secondary, if exceeded, at 7822 points.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:12:17PM BRENT 75.46 74.53 74.02 75.8 75.82 76.205 74.77 Shambles
9:14:27PM GOLD 2014.74 2011 2001 2029 2049 2062 2021
9:16:55PM FTSE 7747.23 7707 7672 7740 7786 7804 7750 Success
9:22:42PM STOX50 4317.4 4297 4277 4317 4330 4336 4305 Success
9:36:15PM GERMANY 15835.25 15793 15741 15851 15969 16003 15888 Success
9:38:40PM US500 4129.87 4105 4092 4131 4131 4141 4109
9:41:05PM DOW 33296.6 33107 33045 33306 33355 33404 33227 Success
9:52:57PM NASDAQ 13386 13298 13259 13372 13407 13477 13330
9:55:24PM JAPAN 29119 28879 28747 29052 29185 29253 29056 ‘cess

 

11/05/2023 FTSE Closed at 7730 points. Change of -0.14%. Total value traded through LSE was: £ 4,931,618,860 a change of 7.65%

10/05/2023 FTSE Closed at 7741 points. Change of -0.3%. Total value traded through LSE was: £ 4,581,255,813 a change of -35.41%
9/05/2023 FTSE Closed at 7764 points. Change of -0.18%. Total value traded through LSE was: £ 7,092,371,085 a change of 60.33%
5/05/2023 FTSE Closed at 7778 points. Change of 0.99%. Total value traded through LSE was: £ 4,423,579,038 a change of -18.99%
4/05/2023 FTSE Closed at 7702 points. Change of -1.1%. Total value traded through LSE was: £ 5,460,672,178 a change of 8.08%
3/05/2023 FTSE Closed at 7788 points. Change of 0.19%. Total value traded through LSE was: £ 5,052,417,233 a change of -36.96%
2/05/2023 FTSE Closed at 7773 points. Change of -100%. Total value traded through LSE was: £ 8,014,658,915 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:BBY BALFOUR BEATTY** **LSE:FRES Fresnillo** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:OXIG Oxford Instruments** **LSE:TLW Tullow** **LSE:ZOO Zoo Digital** **

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Updated charts published on : AFC Energy, Aston Martin, Asos, BALFOUR BEATTY, Fresnillo, IQE, ITV, Oxford Instruments, Tullow, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 18.38 Percentage Change: -2.03% Day High: 19.8 Day Low: 17.96

Weakness on AFC Energy below 17.96 will invariably lead to 14 with second ……..

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LSE:AML Aston Martin Close Mid-Price: 203.2 Percentage Change: -1.93% Day High: 208.6 Day Low: 202.4

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LSE:ASC Asos. Close Mid-Price: 500 Percentage Change: + 2.59% Day High: 516 Day Low: 445

Target met. In the event Asos experiences weakness below 445 it calculate ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 390.2 Percentage Change: -0.66% Day High: 401.2 Day Low: 386.6

Continued trades against BBY with a mid-price ABOVE 401.2 should improve ……..

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LSE:FRES Fresnillo Close Mid-Price: 690.4 Percentage Change: -3.06% Day High: 714.2 Day Low: 681.8

Target met. If Fresnillo experiences continued weakness below 681.8, it w ……..

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LSE:IQE IQE Close Mid-Price: 23.75 Percentage Change: -1.45% Day High: 24.35 Day Low: 23.2

Continued weakness against IQE taking the price below 23.2 calculates as ……..

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LSE:ITV ITV Close Mid-Price: 75.58 Percentage Change: -2.00% Day High: 75.48 Day Low: 72.7

Target met. If ITV experiences continued weakness below 72.7, it will inv ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2845 Percentage Change: -0.35% Day High: 2875 Day Low: 2785

Further movement against Oxford Instruments ABOVE 2875 should improve acc ……..

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LSE:TLW Tullow Close Mid-Price: 24.26 Percentage Change: -2.88% Day High: 25.88 Day Low: 24.02

In the event Tullow experiences weakness below 24.02 it calculates with a ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 138 Percentage Change: -1.43% Day High: 141.5 Day Low: 138.5

Target met. If Zoo Digital experiences continued weakness below 138.5, it ……..

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

Central Asia Metals Plc (LSE:CAML) facing a slight dig down?

#CAC40 #DAX As the nation counts down breathlessly to the most important event of this year, the Eurovision song contest from Liverpool, we’d a moments pause for thought at the horrific news Kazakhstan are not bothering televising the event for their home audience. Apparently no-one in the country wants to watch it and anyway, the sum of money demanded to participate made it easy to decline.

 

Okay, to be honest, we’d absolutely no idea the musical homage to the tone deaf was being shown this coming weekend. But when we did a Google search for Central Asia Metals, one of these random Google results pulled us into a Eurovision rabbit hole where we discovered only part of Kazakhstan is adjudged as being in Europe. Glancing at a map, it’s certainly a very large country and it was no surprise discovering London based Central Asia Metals produce Zinc, Copper, and Lead from several locations in the country.

 

 

Presently trading around 206p, the share price need only exceed 215p to hopefully trigger price recovery to an initial 228p. If such a level is exceeded, our secondary works out at 242p, placing the share price in a region where a long term 270p becomes a viable proposition. There’s a vague hope the share price recently hit a bottom at 197p, so perhaps a bounce will become viable if there’s any immediate strength.

 

However, we’re not convinced about the arguments for a near term bounce, suspecting any break of 197p shall see the share price propelled to a “proper” bottom as we can calculate a visit to an initial 178p with secondary, if broken, at 170p. Our usual expectation, when two targets are bunched together like this, is to express a hope for a coming bounce anytime soon. Backing up this theory is a fairly ridiculous sounding calculation, if 170p breaks, as an ultimate bottom of 124p becomes possible.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:47:50PM BRENT 76.6
9:50:10PM GOLD 2031.23
9:52:37PM FTSE 7750.95 ‘cess
9:59:49PM STOX50 4306 4281 4271 4243 4310 4311 4319 4332 4292 Success
10:02:52PM GERMANY 15898 15875 15818 15761 15918 15921 15944 15986 15881 Shambles
10:10:20PM US500 4140.47 Success
10:12:55PM DOW 33507 ‘cess
10:14:54PM NASDAQ 13355 Success
10:17:53PM JAPAN 29040 Success

 

10/05/2023 FTSE Closed at 7741 points. Change of -0.3%. Total value traded through LSE was: £ 4,581,255,813 a change of -35.41%
9/05/2023 FTSE Closed at 7764 points. Change of -0.18%. Total value traded through LSE was: £ 7,092,371,085 a change of 60.33%
5/05/2023 FTSE Closed at 7778 points. Change of 0.99%. Total value traded through LSE was: £ 4,423,579,038 a change of -18.99%
4/05/2023 FTSE Closed at 7702 points. Change of -1.1%. Total value traded through LSE was: £ 5,460,672,178 a change of 8.08%
3/05/2023 FTSE Closed at 7788 points. Change of 0.19%. Total value traded through LSE was: £ 5,052,417,233 a change of -36.96%
2/05/2023 FTSE Closed at 7773 points. Change of -1.23%. Total value traded through LSE was: £ 8,014,658,915 a change of 6.5%
1/05/2023 FTSE Closed at 7870 points. Change of -100%. Total value traded through LSE was: £ 7,525,342,837 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:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:CAR Carclo** **LSE:CBX Cellular Goods** **LSE:FGP Firstgroup** **LSE:IAG British Airways** **LSE:OXIG Oxford Instruments** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Asos, BALFOUR BEATTY, Carclo, Firstgroup, British Airways, Oxford Instruments, Spirax, Zoo Digital,

LSE:ASC Asos Close Mid-Price: 487.4 Percentage Change: -23.34% Day High: 631 Day Low: 489

Target met. Weakness on Asos below 489 will invariably lead to 478 with s ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 392.8 Percentage Change: -0.15% Day High: 395.8 Day Low: 389.6

All BALFOUR BEATTY needs are mid-price trades ABOVE 395.8 to improve acce ……..

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LSE:CAR Carclo Close Mid-Price: 11.22 Percentage Change: -0.22% Day High: 11.2 Day Low: 9.8

In the event Carclo experiences weakness below 9.8 it calculates with a d ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 1.3 Percentage Change: + ##.##% Day High: 1.98 Day Low: 0.62

Target met. Further movement against Cellular Goods ABOVE 1.98 should imp ……..

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LSE:FGP Firstgroup Close Mid-Price: 123.3 Percentage Change: -0.48% Day High: 127.1 Day Low: 122.4

All Firstgroup needs are mid-price trades ABOVE 127.1 to improve accelera ……..

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LSE:IAG British Airways Close Mid-Price: 154.2 Percentage Change: -1.03% Day High: 156 Day Low: 153.35

All British Airways needs are mid-price trades ABOVE 156 to improve acce ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2855 Percentage Change: + 2.15% Day High: 2850 Day Low: 2770

Target met. Continued trades against OXIG with a mid-price ABOVE 2850 sho ……..

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LSE:SPX Spirax. Close Mid-Price: 11180 Percentage Change: + 0.31% Day High: 11245 Day Low: 10620

If Spirax experiences continued weakness below 10620, it will invariably ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 140 Percentage Change: -5.72% Day High: 148.5 Day Low: 141.5

In the event Zoo Digital experiences weakness below 141.5 it calculates w ……..

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

Britvic Plc (LSE:BVIC), more fizz ahead?

#Gold #DowJones  While Britvic is a name almost synonymous with their famed Indian Tonic water, the company were inadvertently responsible for a personal addiction during teenage years. While everyone else binged on Coke or Pepsi, Britvic Ginger Beer became this writers favourite poison. What cured the addiction remains uncertain but it was probably Scotlands other national drink, ‘Irn Bru’ as there’s almost a law north of the border everyone must drink it at some stage of their life.

 

The funny thing came recently, the local petrol station displaying a pile of Britvic mixers, my old faithful ‘Ginger Beer’ taking pride of place.

 

So far this year, the only things I’ve tasted worse than Britvic Ginger Beer was Coca Cola Cherry flavour, a hideous mistake at a motorway service station shop. And at the top of the list was something called ‘Dr Pepper’, the abhorrent subject of a bet with my grand-children, the girls betting I couldn’t take a second sip from a can they’d bought. They were right, the contents going down the sink, their joke judged a success.

All things considered, the Ginger Beer experience was a surprise as generally, when folk revisit a childhood flavour, it will initially spark some fond memories. Instead, quite the opposite happened, actively questioning how I could ever consume something with such a conflicted flavour.

Who knows, perhaps since 2020 and ensuring processed sugar and artificial sweeteners don’t knowingly feature in my personal diet, my taste buds have experienced a dramatic change, hopefully for the better. But this irritating detail doesn’t explain a diagnosis of T2 Diabetes earlier this year!

 

 

Returning to Britvic, their share price continues to look fairly promising as movement above just 940p should trigger near term growth to 953p. Visually, there’s the implication of some hesitation at such a level, thanks to a vague downtrend which dates back to 2019. Reinforcing this negative potential are the market highs for Britvic achieved at the start of 2022. Inevitably, a bunch of folk who bought during this surge shall opt to bail at break even, retrieving their funds from a long holiday and in doing so, introducing some selling pressure.

 

Importantly, from a Big Picture perspective, closure above 953p should prove important, allowing the share price to fizz upward to an eventual 1030p sometime in the future, doubtless once again experiencing some hesitation due to previous share price behaviour. However, with closure above 953p, we shall regard a distant 1197p as exerting a long term attraction for the share and a new all time high.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:28:10PM BRENT 77.22
9:30:39PM GOLD 2035.11 2021 2014 2006 2031 2038 2050 2067 2028 ‘cess
9:32:52PM FTSE 7763.86 Success
9:34:47PM STOX50 4327.3 Success
9:36:37PM GERMANY 15958.63 ‘cess
9:45:49PM US500 4123.42 ‘cess
9:48:29PM DOW 33594 33463 33363 33222 33661 33655 33773 34056 33512 Success
9:50:26PM NASDAQ 13208.67
9:52:56PM JAPAN 29214 Success

 

9/05/2023 FTSE Closed at 7764 points. Change of -0.18%. Total value traded through LSE was: £ 7,092,371,085 a change of 60.33%
5/05/2023 FTSE Closed at 7778 points. Change of 0.99%. Total value traded through LSE was: £ 4,423,579,038 a change of -18.99%
4/05/2023 FTSE Closed at 7702 points. Change of -1.1%. Total value traded through LSE was: £ 5,460,672,178 a change of 8.08%
3/05/2023 FTSE Closed at 7788 points. Change of 0.19%. Total value traded through LSE was: £ 5,052,417,233 a change of -36.96%
2/05/2023 FTSE Closed at 7773 points. Change of -1.23%. Total value traded through LSE was: £ 8,014,658,915 a change of 6.5%
1/05/2023 FTSE Closed at 7870 points. Change of 0%. Total value traded through LSE was: £ 7,525,342,837 a change of 5.53%
28/04/2023 FTSE Closed at 7870 points. Change of -100%. Total value traded through LSE was: £ 7,130,992,980 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:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **

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Updated charts published on : Asos, BALFOUR BEATTY, Greggs, Hikma, British Airways, Sainsbury, Tesco,

LSE:ASC Asos Close Mid-Price: 635.8 Percentage Change: -8.75% Day High: 701.4 Day Low: 639.2

If Asos experiences continued weakness below 639.2, it will invariably le ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 393.4 Percentage Change: + 0.92% Day High: 394.8 Day Low: 390

Target met. In the event of BALFOUR BEATTY enjoying further trades beyond ……..

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LSE:GRG Greggs. Close Mid-Price: 2904 Percentage Change: + 0.07% Day High: 2906 Day Low: 2846

Target met. Continued trades against GRG with a mid-price ABOVE 2906 shou ……..

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LSE:HIK Hikma Close Mid-Price: 1859 Percentage Change: -0.80% Day High: 1915 Day Low: 1851

Further movement against Hikma ABOVE 1915 should improve acceleration tow ……..

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LSE:IAG British Airways. Close Mid-Price: 155.8 Percentage Change: + 3.52% Day High: 155.75 Day Low: 150.95

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LSE:SBRY Sainsbury. Close Mid-Price: 289.6 Percentage Change: + 0.80% Day High: 290 Day Low: 286.2

All Sainsbury needs are mid-price trades ABOVE 290 to improve acceleratio ……..

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LSE:TSCO Tesco. Close Mid-Price: 284.6 Percentage Change: + 0.57% Day High: 285.1 Day Low: 282.2

Continued trades against TSCO with a mid-price ABOVE 285.1 should improve ……..

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

Lloyds Bank (LSE:LLOY), as boring as a rock.

#Brent #Dax  Sometimes, when it’s a holiday Monday unique to the UK, it can prove worthwhile to glance at how the USA’s treating the likes of Lloyds or Barclays in case something of importance is happening. On Monday, the exercise proved a waste of time, movement proving as difficult to see as Union Jack bunting here  in Scotland! Lloyds had a trading range of nearly 3 cents…

 

We’ve substantial uncertainty as to what the markets are playing at, when it comes to the banking sector (and others). Every time it appears the banks are shuffling into position for a positive movement, something always derails the process, creating an air of uncertainty once again for the future. Currently, with several leading US banks going to the wall, along with Switzerland’s Credit Suisse, the American Bankers Association have contacted the Securities and Exchange Commission to ask them to implement emergency powers, instituting a ban a short selling bank shares in the US.

Memorably, last time they made such an official plea, it was 2008 and the start of the financial crash.

 

Maybe they’re all just being nervous ninny’s?

 

Whatever is going on is strange, even by stock market behaviour, as aside from a few spectacular shares, the majority of the market place appears to be stuck in a rut and only excelling at not actually doing anything useful. Similar to politicians.

How come no-one has noticed Crude Oil and Natural Gas prices have returned to 2019 levels. Why are the media or politicians not asking some awkward questions? Even in Italy, there’s been political furore over the price of Pasta, despite wheat prices retreating and the government is taking action. Perhaps, in the UK, the government is more interested in the VAT take from excessive pricing.

 

All this outrage is a poor attempt to conceal we don’t have a clue what Lloyds share price is planning. If Lloyds decided to get serious about experiencing some share price reversal, below 44.8p should now trigger reversal to an initial 44.1p with secondary, if broken, down at 42p and hopefully a bounce. Our conventional rulebook would normally demand we also warn of the dangers of 35p eventually making itself knows as a “bottom” but given market behaviour since 2021, it appears the 40p level is sacrosanct for Lloyds, the share price only permitted to close below such a level briefly last October. It was probably a Liz Truss thing.

 

Should Lloyds one day opt to get out of the right side of bed, share price movement exceeding 49.5p calculates with the potential of a lift to an initial 52.9p with secondary, if exceeded, at 60p. A secondary such as this would prove significant, breaking the share price out of its trading range and giving considerable hope for a future.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
9:12:52PM BRENT 76.62 75.17 74.695 73.82 75.73 77.35 77.64 79.76 75.57
9:14:51PM GOLD 2020.97 2017
9:17:05PM FTSE 7810.26 7777
9:18:35PM STOX50 4353 4336
9:20:29PM GERMANY 15969 15929 15895 15853 15965 16005 16031 16065 15951
9:22:42PM US500 4141 4133
9:24:36PM DOW 33633 33632
9:28:21PM NASDAQ 13289 13277
9:30:20PM JAPAN 29036 28947

 

5/05/2023 FTSE Closed at 7778 points. Change of 0.99%. Total value traded through LSE was: £ 4,423,579,038 a change of -18.99%
4/05/2023 FTSE Closed at 7702 points. Change of -1.1%. Total value traded through LSE was: £ 5,460,672,178 a change of 8.08%
3/05/2023 FTSE Closed at 7788 points. Change of 0.19%. Total value traded through LSE was: £ 5,052,417,233 a change of -36.96%
2/05/2023 FTSE Closed at 7773 points. Change of -1.23%. Total value traded through LSE was: £ 8,014,658,915 a change of 6.5%
1/05/2023 FTSE Closed at 7870 points. Change of 0%. Total value traded through LSE was: £ 7,525,342,837 a change of 5.53%
28/04/2023 FTSE Closed at 7870 points. Change of 0.5%. Total value traded through LSE was: £ 7,130,992,980 a change of 35.22%
27/04/2023 FTSE Closed at 7831 points. Change of -0.27%. Total value traded through LSE was: £ 5,273,731,128 a change of -19.3%

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

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

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

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

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

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

Click Epic to jump to share: LSE:FGP Firstgroup** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:TLW Tullow** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Firstgroup, Greggs, British Airways, National Glib, Oxford Instruments, Tullow, Zoo Digital,

LSE:FGP Firstgroup. Close Mid-Price: 122.6 Percentage Change: + 1.91% Day High: 125 Day Low: 120

Further movement against Firstgroup ABOVE 125 should improve acceleration ……..

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LSE:GRG Greggs. Close Mid-Price: 2902 Percentage Change: + 1.61% Day High: 2902 Day Low: 2852

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LSE:IAG British Airways. Close Mid-Price: 150.5 Percentage Change: + 2.31% Day High: 155.6 Day Low: 146.6

Further movement against British Airways ABOVE 155.6 should improve acce ……..

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LSE:NG. National Glib Close Mid-Price: 1150.5 Percentage Change: -0.43% Day High: 1162 Day Low: 1150

In the event of National Glib enjoying further trades beyond 1162, the sh ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2795 Percentage Change: + 0.00% Day High: 2815 Day Low: 2755

All Oxford Instruments needs are mid-price trades ABOVE 2815 to improve a ……..

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LSE:TLW Tullow. Close Mid-Price: 26.34 Percentage Change: + 2.97% Day High: 26.32 Day Low: 24.5

If Tullow experiences continued weakness below 24.5, it will invariably l ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 148.5 Percentage Change: + 0.00% Day High: 148.5 Day Low: 142.5

Weakness on Zoo Digital below 142.5 will invariably lead to 139 and hopef ……..

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

FTSE for Friday & Gold Thoughts

#FTSE #Gold  The worldwide price of Gold has shot up, doubtless in anticipation of bits of this weekends Cinderella coaches falling off and needing replaced, due to their rare outing on London’s potholed roads. Such conspicuous golden opulence, against the backdrop of a country with Food Banks and a cost of living crisis, feels like a PR disaster slowly unfolding.

 

However, all kidding aside, the price of Gold looks destined to continue experiencing gains, the immediate downtrend since March of 2022 sitting at 2046 US dollars. With the price managing to close sessions above this trend, with a degree of care, over the last two sessions, our inclination is to anticipate further increases despite already achieving all time highs.

 

Above 2062 dollars now looks capable of triggering a further lift to 2127 dollars with secondary, if bettered, at a less likely 2182 sometime in the future.

 

If things intend go wrong, the price needs below $1966 to slip into a zone which promotes the threat of reversal to $1883 with secondary an eventual bottom of $1808.

Our expectation is to see $2127 as the next major point of interest.

 

FTSE for Friday.  The low on Thursday at 7691 points has the potential of providing a bottom for the FTSE but, given the behaviour of the US markets, we’re not entirely convinced this shall prove to be the case. Wall St managed to close its session in a position which threatens a further 900 point fall and it’s unlikely Europe will escape the trauma being inflicted by US banks dropping off the radar.

The immediate situation suggests weakness on the FTSE below 7691 should trigger reversal down to 7647 next, hopefully a price level which generates a realistic bounce. If such a level breaks, our secondary works out at a scary looking 7576 points, a lower low for the FTSE and a price level where our longer term influence calculates down at 7364 points.

 

But, it’s a Grand Prix weekend, one which offers the chance for some slight optimism.

 

The FTSE needs exceed 7770 points, hopefully provoking a gain toward an initial 7793 with our secondary, if this initial is exceeded, calculating at a potential 7862 points. This secondary is significant for the longer term as should the market exceed it, we shall regard this as confirmation of our long term attraction above 8200 points.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:28:38PM BRENT 72.42 71.4 70.585 72.9 73.69 74.48 72.73
9:30:30PM GOLD 2050.87 2030 2017 2045 2060 2069 2042 ‘cess
9:34:31PM FTSE 7724.37 7688 7628 7744 7757 7772 7734
9:36:27PM STOX50 4292.8 4258 4245 4283 4301 4315 4275 ‘cess
9:39:57PM GERMANY 15759 15647 15580 15728 15829 15857 15777 ‘cess
9:42:52PM US500 4063.27 4047 4040 4067 4103 4123 4083 ‘cess
10:05:40PM DOW 33121.5 32917 32721 33222 33483 33631 33282 Success
10:08:13PM NASDAQ 12991.32 12941 12908 13029 13109 13137 13068 ‘cess
10:10:02PM JAPAN 28597 28544 28443 28698 28781 28823 28661

 

4/05/2023 FTSE Closed at 7702 points. Change of -1.1%. Total value traded through LSE was: £ 5,460,672,178 a change of 8.08%
3/05/2023 FTSE Closed at 7788 points. Change of 0.19%. Total value traded through LSE was: £ 5,052,417,233 a change of -36.96%
2/05/2023 FTSE Closed at 7773 points. Change of -1.23%. Total value traded through LSE was: £ 8,014,658,915 a change of 6.5%
1/05/2023 FTSE Closed at 7870 points. Change of 0%. Total value traded through LSE was: £ 7,525,342,837 a change of 5.53%
28/04/2023 FTSE Closed at 7870 points. Change of 0.5%. Total value traded through LSE was: £ 7,130,992,980 a change of 35.22%
27/04/2023 FTSE Closed at 7831 points. Change of -0.27%. Total value traded through LSE was: £ 5,273,731,128 a change of -19.3%
26/04/2023 FTSE Closed at 7852 points. Change of -0.49%. Total value traded through LSE was: £ 6,534,580,339 a change of 22.98%

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:ASC Asos** **LSE:FGP Firstgroup** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:RKH Rockhopper** **LSE:TLW Tullow** **

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Updated charts published on : Aston Martin, Asos, Firstgroup, IQE, ITV, Rockhopper, Tullow,

LSE:AML Aston Martin. Close Mid-Price: 217 Percentage Change: + 0.93% Day High: 224 Day Low: 208

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LSE:ASC Asos Close Mid-Price: 684.2 Percentage Change: -7.21% Day High: 743.2 Day Low: 676

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LSE:FGP Firstgroup. Close Mid-Price: 120.3 Percentage Change: + 1.35% Day High: 122.2 Day Low: 110.5

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LSE:IQE IQE Close Mid-Price: 24.35 Percentage Change: -1.22% Day High: 24.65 Day Low: 23.9

Weakness on IQE below 23.9 will invariably lead to 19 with secondary, if ……..

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LSE:ITV ITV Close Mid-Price: 77.26 Percentage Change: -0.72% Day High: 78.22 Day Low: 76

In the event ITV experiences weakness below 76 it calculates with a drop ……..

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LSE:RKH Rockhopper Close Mid-Price: 13.6 Percentage Change: -1.81% Day High: 14.75 Day Low: 13.5

Further movement against Rockhopper ABOVE 14.75 should improve accelerati ……..

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LSE:TLW Tullow Close Mid-Price: 25.58 Percentage Change: -2.59% Day High: 26.56 Day Low: 25.44

Continued weakness against TLW taking the price below 25.44 calculates as ……..

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

Versarien Plc, share price at bottom?

#FTSE #DAX  Versarien appear to have raised just over 1/2 million UK pounds and thrashed their share price. The puzzle with this placement is, it’s less than most self respecting politicians will defraud when given a chance. Presumably this small cash injection is needed for more than just keeping this impressive graphene innovator afloat, because, as far as their share price is concerned, it’s now just about at rock bottom.

 

For a while, it seemed barely a day could go by without stumbling across some sort of impressive announcement regarding graphene but now, it appears the success of Versarien in celebrated far away from the UK, this shown in their website logo, “A Great British Success Story on the Other Side of the Globe!”. It’s a bit of a hollow refrain, given their share price closed Wednesday 3rd May 2023, DOWN an impressive 98.6% from their 80p high high back in 2021.

 

We’ve an argument which suggests the price almost certainly must be at a “bottom”, a statement which obviously lacks any form of guarantee. However, the low of 1.13p on Wednesday magically matched a calculation we had running. However, another bunch of formula were anxiously pointing out the share is trading in a zone, where an “ultimate bottom” works out at an eventual 0.23p. In fairness, while we cannot calculate below such a target, our hope would be for a bounce anytime soon and judging by share price movements recently, the market has taken considerable care (see inset) to march the share price downhill below Blue to the current level.

Obviously, there’s an implication with this Blue downtrend, should the share price break through Blue (currently 1.8p), we should perhaps hope Versarien Plc has ceased reducing in price. Despite any rise from current to the 1.8p level requiring an impressive 57% gain, which such a movement may garnish headlines, we require higher than 1.8p before feeling able to relax and hope we’ve just witnessed a trigger movement capable of lifting the share to an initial 3.06p with secondary, if exceeded, a visually sensible future 5.66p.

 

For the present, hopefully it shall prove the case LSE:VRS has indeed bottomed and is facing an end to the agony since 2021.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:04:11PM BRENT 71.95 Success
10:06:33PM GOLD 2039.48 Success
10:21:45PM FTSE 7750 7738 7724 7664 7776 7813 7839 7872 7780 Shambles
10:24:16PM STOX50 4287.4 Shambles
10:26:18PM GERMANY 15749.32 15730 15665 15587 15815 15899 15943 16025 15810 Success
10:28:46PM US500 4079.82 ‘cess
10:30:56PM DOW 33343 ‘cess
10:33:57PM NASDAQ 13003.37 ‘cess
10:35:58PM JAPAN 28661

 

3/05/2023 FTSE Closed at 7788 points. Change of 0.19%. Total value traded through LSE was: £ 5,052,417,233 a change of -36.96%
2/05/2023 FTSE Closed at 7773 points. Change of -1.23%. Total value traded through LSE was: £ 8,014,658,915 a change of 6.5%
1/05/2023 FTSE Closed at 7870 points. Change of 0%. Total value traded through LSE was: £ 7,525,342,837 a change of 5.53%
28/04/2023 FTSE Closed at 7870 points. Change of 0.5%. Total value traded through LSE was: £ 7,130,992,980 a change of 35.22%
27/04/2023 FTSE Closed at 7831 points. Change of -0.27%. Total value traded through LSE was: £ 5,273,731,128 a change of -19.3%
26/04/2023 FTSE Closed at 7852 points. Change of -0.49%. Total value traded through LSE was: £ 6,534,580,339 a change of 22.98%
25/04/2023 FTSE Closed at 7891 points. Change of -0.27%. Total value traded through LSE was: £ 5,313,341,670 a change of -9.21%

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:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:GRG Greggs** **LSE:RKH Rockhopper** **LSE:SBRY Sainsbury** **LSE:TLW Tullow** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Aston Martin, Firstgroup, Fresnillo, Greggs, Rockhopper, Sainsbury, Tullow, Zoo Digital,

LSE:AML Aston Martin Close Mid-Price: 215 Percentage Change: -3.67% Day High: 235 Day Low: 211.2

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LSE:FGP Firstgroup. Close Mid-Price: 118.7 Percentage Change: + 1.45% Day High: 119.9 Day Low: 116.5

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LSE:FRES Fresnillo. Close Mid-Price: 714 Percentage Change: + 1.91% Day High: 714.6 Day Low: 699.4

In the event Fresnillo experiences weakness below 692, it calculates with ……..

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LSE:GRG Greggs. Close Mid-Price: 2880 Percentage Change: + 1.19% Day High: 2900 Day Low: 2854

All Greggs needs are mid-price trades ABOVE 2900 to improve acceleration ……..

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LSE:RKH Rockhopper. Close Mid-Price: 13.85 Percentage Change: + 2.59% Day High: 14.5 Day Low: 13.8

Target met. Continued trades against RKH with a mid-price ABOVE 14.5 shou ……..

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LSE:SBRY Sainsbury Close Mid-Price: 281.6 Percentage Change: -0.64% Day High: 287 Day Low: 281

Further movement against Sainsbury ABOVE 287 should improve acceleration ……..

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LSE:TLW Tullow Close Mid-Price: 26.26 Percentage Change: -0.91% Day High: 26.72 Day Low: 25.66

Weakness on Tullow below 25.66 will invariably lead to 22 with secondary, ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 150 Percentage Change: -4.15% Day High: 156.5 Day Low: 147.5

Continued weakness against ZOO taking the price below 147.5 calculates as ……..

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

Restaurant Group Plc (LSE:RTN) looking tempting

#Gold #WallSt Tuesday was a day with an epiphany, celebrated with a “Click & Collect” order from our guilty secret, a Wagamama outlet just off the motorway on the way to the ferry and a return to miserable weather in Argyll. On the basis there’s nothing more boring than other peoples illness’, suffering from chemo inflicted sore legs for a decade has been difficult, levels of pain kept to a dull roar with some exotic medications.

 

Trying a quack idea involved a visit to a place called Bathgate and something called a “Float Centre”. This new fangled concept involves lying inside what looks like a dragons egg, filled with water, for an hour or so. The water is heavily loaded with special salts, and once the lid of the egg is closed, it’s a true sensory deprivation experience with no sound, light, or even any sensation of weight due to the salt content making it impossible to sink.

When light returned inside the pod, it was a matter of enjoying a power shower, drying hair, and assuring the places attentive staff that I felt fine, hadn’t fallen asleep, didn’t experience any hallucinations, and was starving. It was only when walking to the car park did realisation dawn of the ever present, 10 year pain, being missing. Returning to reception and mentioning this to the staff produced plenty of cheer, apparently I was reporting a common result.

We ordered our pickup from Wagamama, collecting it 30 minutes later, discovering the walk into their outlet was accomplished still with a lack of leg pains, a state of affairs which continues, now six hours later. But our takeaway food reminded us the owners of Wagamama – Restaurant Group Plc – were probably due a review of their share price, the quality of their meals remaining a constant rather than a reflection of the mood of kitchen staff.

 

Something significant appears to be happening with Restaurant Groups share price, making it appear the downtrend since 2021 somehow has adopted self importance. Now, above 48p looks very capable of triggering share price movement toward an initial 53p next. Should this initial ambition be exceeded, our longer term secondary works out at 63p. The important detail behind such movements is once this share price actually closes a session above Blue, we shall feel duty bound to promote a future 88p as a viable distant hope.

We quite strongly suspect this shall prove worth keeping an eye on in the days ahead. The share price needs below 31p to produce any early hint of pain ahead.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:01:26PM BRENT 75.23 ‘cess
10:03:39PM GOLD 2016.98 2009 2007 2003 2016 2019 2024 2036 2009 ‘cess
10:06:08PM FTSE 7793.05
10:08:07PM STOX50 4312.2 Success
10:10:27PM GERMANY 15763.94 ditto
10:12:25PM US500 4117 ditto
10:15:59PM DOW 33668 33430 33330 33019 33690 34010 34212 34475 33850 ditto
10:18:09PM NASDAQ 13100 ditto
10:20:52PM JAPAN 28771 ditto

 

2/05/2023 FTSE Closed at 7773 points. Change of -1.23%. Total value traded through LSE was: £ 8,014,658,915 a change of 6.5%
1/05/2023 FTSE Closed at 7870 points. Change of 0%. Total value traded through LSE was: £ 7,525,342,837 a change of 5.53%
28/04/2023 FTSE Closed at 7870 points. Change of 0.5%. Total value traded through LSE was: £ 7,130,992,980 a change of 35.22%
27/04/2023 FTSE Closed at 7831 points. Change of -0.27%. Total value traded through LSE was: £ 5,273,731,128 a change of -19.3%
26/04/2023 FTSE Closed at 7852 points. Change of -0.49%. Total value traded through LSE was: £ 6,534,580,339 a change of 22.98%
25/04/2023 FTSE Closed at 7891 points. Change of -0.27%. Total value traded through LSE was: £ 5,313,341,670 a change of -9.21%
24/04/2023 FTSE Closed at 7912 points. Change of -0.03%. Total value traded through LSE was: £ 5,852,631,583 a change of -1.53%

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:BDEV Barrett Devs** **LSE:FGP Firstgroup** **LSE:GRG Greggs** **LSE:HSBA HSBC** **LSE:ITV ITV** **LSE:OXIG Oxford Instruments** **LSE:RKH Rockhopper** **LSE:TW. Taylor Wimpey** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Barrett Devs, Firstgroup, Greggs, HSBC, ITV, Oxford Instruments, Rockhopper, Taylor Wimpey, Zoo Digital,

LSE:BDEV Barrett Devs. Close Mid-Price: 505.2 Percentage Change: + 1.04% Day High: 515 Day Low: 502.2

Further movement against Barrett Devs ABOVE 515 should improve accelerati ……..

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LSE:FGP Firstgroup. Close Mid-Price: 117 Percentage Change: + 4.09% Day High: 117.2 Day Low: 112.4

All Firstgroup needs are mid-price trades ABOVE 117.2 to improve accelera ……..

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LSE:GRG Greggs. Close Mid-Price: 2846 Percentage Change: + 0.99% Day High: 2870 Day Low: 2804

Continued trades against GRG with a mid-price ABOVE 2870 should improve t ……..

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LSE:HSBA HSBC. Close Mid-Price: 593.9 Percentage Change: + 3.50% Day High: 610.6 Day Low: 592.4

In the event of HSBC enjoying further trades beyond 610.6, the share shou ……..

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LSE:ITV ITV Close Mid-Price: 77.66 Percentage Change: -3.86% Day High: 80.84 Day Low: 77.18

Continued weakness against ITV taking the price below 77.18 calculates as ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2760 Percentage Change: + 0.00% Day High: 2810 Day Low: 2735

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LSE:RKH Rockhopper. Close Mid-Price: 13.5 Percentage Change: + 8.43% Day High: 13.7 Day Low: 12.45

Target met. All Rockhopper needs are mid-price trades ABOVE 13.7 to impro ……..

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LSE:TW. Taylor Wimpey. Close Mid-Price: 128.25 Percentage Change: + 0.04% Day High: 132 Day Low: 128.7

Continued trades against TW. with a mid-price ABOVE 132 should improve th ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 156.5 Percentage Change: -2.19% Day High: 170.25 Day Low: 156.5

If Zoo Digital experiences continued weakness below 156.5, it will invari ……..

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