Natwest Group Plc (LSE:NWG), the BMW of the banking sector…

#Brent #SP500 Understanding if a trend line is important can often be the most important facet of trading. After all, everyone wants’ a better clue as to the direction a price or market is heading in an attempt to escape the feeling you get, when stuck behind a BMW saloon at a junction. And why is it always saloon variants, not BMW SUV’s or estates,  which don’t use indicators?

Natwest has a Blue downtrend, one which dates back to February 2015 and usually, with this years chaotic banking share movements, our inclination would be to dismiss the trend as irrelevant. However share price movements with Natwest in the last few weeks give a justifiable reason to avoid rushing into any quick decision. The two chart extracts below show, hopefully quite clearly, why we’re opting to take such a stance. Last month (March), Natwest share price tumbled below this particular trend line, rather neatly hitting out target “bottom” of 238p and bouncing a bit. The ricochet stopped and closed the next session at 272p, literally exactly at the level of this 8 year old trend. For whatever reason, the market ensured the share failed to close above the trend but on April 12th, it appears the share price gremlins had a change of heart, opting to gap the price above the historic Blue downtrend and in the sessions since, ensured the trend line remained inviolate.

It begs the pretty obvious question, does the market intend for Natwest to now gain in value, the price being carefully maintained above Blue for the most recent seven sessions?

Should this prove to be the case, we can calculate the next port in Natwest’s storm is at 307p as there are several indications the market wishes Natwest to head upward!

In the event our 307 level is exceeded, our secondary works out at 351p sometime in the future. This would prove to be an important, almost game changing, move for the share price as it’d find itself solidly above many of the highs since 2015, allowing an overdose of optimism to make itself felt.

However, we always attempt to prove a converse argument, as reminded by a clown driving a BMW i8 today. His indicators had obviously failed, everyone (including the ambulance overtaking) surprised at his sharp right turn to take the scenic route along the sea shore here in our bit of Argyll. For the market to emulate this sort of move, Natwest needs close below Blue, presently 270p, as this risks promoting a route down to 235 with secondary, if broken, at an eventual 205p and hopefully yet another bounce.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
3:30:14AM BRENT 81.66 80.2 80.04 79.54 81.85 81.89 82.57 83.36 80.83
3:32:32AM GOLD 1983.37 1997
8:02:35PM FTSE 7911 7903
9:48:36PM STOX50 4413.5 4392
9:58:20PM GERMANY 15889.47 15850
10:03:57PM US500 4136.57 4114 4101 4076 4140 4140 4150 4162 4125
10:05:45PM DOW 33808.7 33784
10:32:58PM NASDAQ 13010 12972
10:35:32PM JAPAN 28655 28623

 

21/04/2023 FTSE Closed at 7914 points. Change of 0.15%. Total value traded through LSE was: £ 5,943,468,959 a change of 7%
20/04/2023 FTSE Closed at 7902 points. Change of 0.05%. Total value traded through LSE was: £ 5,554,730,029 a change of 35.28%
19/04/2023 FTSE Closed at 7898 points. Change of -0.14%. Total value traded through LSE was: £ 4,106,183,420 a change of -11.15%
18/04/2023 FTSE Closed at 7909 points. Change of 0.38%. Total value traded through LSE was: £ 4,621,350,278 a change of -3.08%
17/04/2023 FTSE Closed at 7879 points. Change of 0.1%. Total value traded through LSE was: £ 4,768,055,555 a change of -13.28%
14/04/2023 FTSE Closed at 7871 points. Change of 0.36%. Total value traded through LSE was: £ 5,498,351,712 a change of 11.26%
13/04/2023 FTSE Closed at 7843 points. Change of 0.24%. Total value traded through LSE was: £ 4,941,877,578 a change of -0.83%

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:EME Empyrean** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TSCO Tesco** **

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Updated charts published on : Empyrean, Hikma, Hargreaves Lansdown, International Personal Finance, National Glib, Oxford Instruments, Scottish Mortgage Investment Trust, Tesco,

LSE:EME Empyrean. Close Mid-Price: 1.05 Percentage Change: + 7.57% Day High: 0.95 Day Low: 0.95

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LSE:HIK Hikma Close Mid-Price: 1830.5 Percentage Change: -0.16% Day High: 1865 Day Low: 1821.5

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 795 Percentage Change: + 0.10% Day High: 796.6 Day Low: 785

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LSE:IPF International Personal Finance Close Mid-Price: 94 Percentage Change: -3.09% Day High: 94 Day Low: 92

Weakness on International Personal Finance below 92 will invariably lead ……..

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LSE:NG. National Glib. Close Mid-Price: 1145.5 Percentage Change: + 1.33% Day High: 1157.5 Day Low: 1129.5

Continued trades against NG. with a mid-price ABOVE 1157.5 should improve ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2715 Percentage Change: -0.37% Day High: 2805 Day Low: 2695

Target met. Further movement against Oxford Instruments ABOVE 2805 should ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 644.6 Percentage Change: + 0.09% Day High: 647 Day Low: 639.6

Weakness on Scottish Mortgage Investment Trust below 639.6 will invariabl ……..

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LSE:TSCO Tesco. Close Mid-Price: 278.9 Percentage Change: + 1.57% Day High: 278.5 Day Low: 274.3

Continued trades against TSCO with a mid-price ABOVE 278.5 should improve ……..

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

Our famed FTSE for FRIDAY (FTSE:UKX)

#FTSE_Futures  Perhaps it’s the good weather but, it’s easy to be fairly optimistic about the potentials for the FTSE, near term.  Despite this week being extremely boring on the FTSE, presenting a market with a ridiculous 45 point trading range, our inclination is toward hope, ‘cos the sun is shining and there’s another thing about movements worthy of mention.

Generally speaking, when a share/commodity/index decides to have a relative flatline, it means something. When the flatline occurs as part of a drop cycle, we expect the final drop shall occur and take the stance of it just being a matter of time. Equally – and hopefully the case with the FTSE – when this sort of flatline behaviour takes place as part of a gain cycle, the converse is inevitably true with a surge to the next level almost inevitable.

We should mention the markets often keep an unpleasant movement in their bag of torture implements.

 

If the flatline (or glass ceiling) has been present for an extended period, a sharp price spike in the opposite direction to that expected is perfectly normal. Quite cynically, we often wonder if this is an attempt to collect stop losses or worse, trigger orders. After all, if the FTSE is indeed about to “suffer” some further upward movement, wouldn’t it be a thrilling wheeze to spike the index downward at the open, doubtless just below 7870 points to trigger a bunch of automated short positions. This is why we always warn of the dangers of opening second spikes as a price invariably will toddle away during the session in exactly the different direction from the spike.

It’s easy to imaging a bunch of smart traders placing a fire & forget order to short the FTSE, if it goes below the 7870 points from Mondays open. And if such a calamity occurred at the very open of the day anytime soon, we’d be pretty comfortable suspecting some market gains were about to take place. Of course, this is the stock market and the only rule is, there are no hard and fast rules. Sometimes, we think they change things, just to have a laugh!

 

For Friday, movement above 7920 points (and not a spike in the opening second please) looks capable of provoking market recovery to 7963 next with secondary, if bettered, calculating at a longer term 8062 points and a new all time high for the FTSE. The tightest stop loss looks quite reasonable at 7850 points.

Our alternate doomsday prophecy works out with the potential of below 7876 triggering reversal to 7856 points with secondary, if broken, at 7850 points. The proximity of these targets tends suggest some sort of bounce should be hoped for.

Have a good weekend, yet another one without Formula1 due to China being binned from the calendar this year.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:29:28PM BRENT 80.63 80.5 80.06 81.88 82.23 82.54 81.13 ‘cess
9:32:11PM GOLD 2005.58 1990 1982 2001 2013 2020 1997 ‘cess
9:34:08PM FTSE 7906.44 7868 7856 7894 7916 7925 7891
9:35:41PM STOX50 4393.3 4363 4354 4382 4403 4419 4377
9:38:50PM GERMANY 15792.44 15766 15738 15830 15847 15876 15770 Success
10:06:38PM US500 4133.57 4115 4099 4138 4152 4168 4131 ‘cess
10:09:28PM DOW 33762 33663 33608 33826 33902 33985 33760 ‘cess
10:11:50PM NASDAQ 13007.5 12937 12863 13015 13115 13140 13060 Success
10:13:59PM JAPAN 28593 28483 28404 28609 28686 28736 28572

 

20/04/2023 FTSE Closed at 7902 points. Change of 0.05%. Total value traded through LSE was: £ 5,554,730,029 a change of 35.28%
19/04/2023 FTSE Closed at 7898 points. Change of -0.14%. Total value traded through LSE was: £ 4,106,183,420 a change of -11.15%
18/04/2023 FTSE Closed at 7909 points. Change of 0.38%. Total value traded through LSE was: £ 4,621,350,278 a change of -3.08%
17/04/2023 FTSE Closed at 7879 points. Change of 0.1%. Total value traded through LSE was: £ 4,768,055,555 a change of -13.28%
14/04/2023 FTSE Closed at 7871 points. Change of 0.36%. Total value traded through LSE was: £ 5,498,351,712 a change of 11.26%
13/04/2023 FTSE Closed at 7843 points. Change of 0.24%. Total value traded through LSE was: £ 4,941,877,578 a change of -0.83%
12/04/2023 FTSE Closed at 7824 points. Change of -100%. Total value traded through LSE was: £ 4,983,460,119 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:EME Empyrean** **LSE:GLEN Glencore Xstra** **LSE:ITV ITV** **LSE:NWG Natwest** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : BALFOUR BEATTY, Empyrean, Glencore Xstra, ITV, Natwest, Taylor Wimpey,

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 378 Percentage Change: + 0.27% Day High: 385 Day Low: 377.2

Further movement against BALFOUR BEATTY ABOVE 385 should improve accelera ……..

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LSE:EME Empyrean Close Mid-Price: 0.98 Percentage Change: -7.70% Day High: 0 Day Low: 0

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LSE:GLEN Glencore Xstra. Close Mid-Price: 501.9 Percentage Change: + 1.53% Day High: 502.6 Day Low: 493.65

Continued trades against GLEN with a mid-price ABOVE 502.6 should improve ……..

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LSE:ITV ITV. Close Mid-Price: 80.98 Percentage Change: + 0.70% Day High: 82.18 Day Low: 80.12

Below 78 looks problematic, allowing reversal to an initial 72 with second ……..

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LSE:NWG Natwest Close Mid-Price: 273.5 Percentage Change: -0.07% Day High: 276.7 Day Low: 272.5

This now needs above just 278p to hopefully trigger movement to an initial ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 121.4 Percentage Change: -1.34% Day High: 123.3 Day Low: 120.7

This now needs above 128 to suggest coming moves in the direction of 140p ……..

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

Hummingbird Resources Plc (LSE:HUM) to take wing?

Hummingbird Resources  Plc  (LSE:HUM) #Gold #SP500

The TV show Gold Rush never fails to fascinate, the champion of 2022 being a miner (Parker) who stumbled across over 8,000 ounces of the shiny stuff. Knocking it all into perspective, Hummingbird Plc appear to be anticipating over 140,000 oz annually for the next couple of years and they’ve plenty of future areas still to mine.  While Gold Rush’s Parker has been searching in Alaska and currently Peru to indentify new prospects.

Regular readers will know, we’re addicted to this particular TV show, though often less than enthralled with some of the miners Discovery TV decide to focus on. Some of them couldn’t be relied upon to pull a can of beans out of a cupboard, let alone run a gold mine. A mainstay failure for the last few years decided the route to success was surrounding himself with disabled ex-military, presumably ‘cos they were working for beans and if they could drive a tank, an excavator wouldn’t be different. Needless to say, things didn’t work out, this years season effectively ending with the guys employees taking a collection for him as they wanted to return for another year. It was clearly great fun, big machines, lots of mud, no officers, and no-one shooting at them! And if they found gold, they’d all be millionaires faster than you can say Ponzi Scheme…

 

From reading their website, it’s quite enlightening how the big boys go about the search for gold, both explaining why Parker from Gold Rush is so successful and also, delineating the massive jump required from his current level to the big league. Hummingbird share price is on the edge of some serious movements, requiring only to close a session above 13.25p to hopefully trigger some proper recovery, doubtless mimicking the price of Gold which presently looks like it wants to explore life above $2,100. Surely it’s the case such a potential should impact major gold explorer share prices?

Day trade prices now above 13.75p should promote a near term visit to 17.5p next with secondary, if exceeded, at 21.5p and a price level where the visuals almost guarantee some hesitation due to prior history. Our underlying argument demand the share price close above 13.25p (the price level when the share last broke the Red uptrend since 2016) as this makes such a rise about as close to “safe” as it gets.

If trouble is planned, the share needs below 7.8p to signal an investment in running shoes may be wise, risking a visit to our ultimate bottom of 0.5p.

For now, we’re fairly optimistic about this lots potentials. We’ve displayed a longer term ambition at 33p but there are a few criteria needing confirmed before this can become an official target.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:30:39PM BRENT 82.64 ‘cess
10:34:59PM GOLD 1995 1975 1964 1948 1995 1997 2008 2021 1988 Success
10:36:46PM FTSE 7898
10:39:16PM STOX50 4400.1 Shambles
10:41:24PM GERMANY 15901.33
11:05:49PM US500 4151.57 4129 4125 4108 4148 4166 4174 4189 4144
11:08:02PM DOW 33861.6
11:10:06PM NASDAQ 13078.05 ‘cess
11:12:01PM JAPAN 28537 Success

 

19/04/2023 FTSE Closed at 7898 points. Change of -0.14%. Total value traded through LSE was: £ 4,106,183,420 a change of -11.15%
18/04/2023 FTSE Closed at 7909 points. Change of 0.38%. Total value traded through LSE was: £ 4,621,350,278 a change of -3.08%
17/04/2023 FTSE Closed at 7879 points. Change of 0.1%. Total value traded through LSE was: £ 4,768,055,555 a change of -13.28%
14/04/2023 FTSE Closed at 7871 points. Change of 0.36%. Total value traded through LSE was: £ 5,498,351,712 a change of 11.26%
13/04/2023 FTSE Closed at 7843 points. Change of 0.24%. Total value traded through LSE was: £ 4,941,877,578 a change of -0.83%
12/04/2023 FTSE Closed at 7824 points. Change of -100%. Total value traded through LSE was: £ 4,983,460,119 a change of 0%
11/04/2023 FTSE Closed at 7785 points. Change of 0%. Total value traded through LSE was: £ 6,576,655,503 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BT.A British Telecom** **LSE:EMG MAN** **LSE:JET Just Eat** **LSE:SBRY Sainsbury** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

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Updated charts published on : British Telecom, MAN, Just Eat, Sainsbury, Tern Plc, Tesco,

LSE:BT.A British Telecom Close Mid-Price: 157.65 Percentage Change: -1.68% Day High: 161.35 Day Low: 158.15

Further movement against British Telecom ABOVE 161.35 should improve acce ……..

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LSE:EMG MAN Close Mid-Price: 208 Percentage Change: -0.10% Day High: 208.3 Day Low: 205.2

Weakness on MAN below 205.2 will invariably lead to 175 with secondary, i ……..

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LSE:JET Just Eat. Close Mid-Price: 1438 Percentage Change: + 0.14% Day High: 1506 Day Low: 1346

Continued weakness against JET taking the price below 1346 calculates as l ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 282.2 Percentage Change: + 0.68% Day High: 283 Day Low: 279.5

In the event of Sainsbury enjoying further trades beyond 283, the share s ……..

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LSE:TERN Tern Plc Close Mid-Price: 5 Percentage Change: -13.04% Day High: 5.75 Day Low: 4.75

Target met. If Tern Plc experiences continued weakness below 4.75, it wil ……..

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LSE:TSCO Tesco. Close Mid-Price: 275.9 Percentage Change: + 0.91% Day High: 277.6 Day Low: 272.6

Further movement against Tesco ABOVE 277.6 should improve acceleration to ……..

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

Glencore Plc (LSE:GLEN)  

#FTSE #NK225 Swiss company, Glencore Plc, an abbreviation of ‘Global Energy Commodity Resources’ are a pretty core component of the FTSE 100. The company are seriously big, the UK hosting their Oil & Gas head offices and they’re rated as the worlds largest commodity traders. A visit to the company Wikipedia page is highly recommended, their history being utterly fascinating with allegations of corruption almost on a par with the UK’s political classes.

However, given the plethora of fields in which Glencore are active, it’s actually a little surprising how relatively placid the share price has been over the last 10 years. With the company achieving a new all time high in January this year, the share price reaching 584p, we’re curious whether some further good times may be on the horizon, especially as the share price has now broken through its immediate downtrend and appears to be on the edge of challenging its prior highs.

Trading around 498p currently, the immediate situation suggests above 501p should trigger an attempt at 525p next with secondary, if exceeded, at 579p. We suspect this shall prove quite important, once again taking the share price into “all time high” territory where we’re able to calculate the potential of a visit to 693p as a logical Big Picture ambition on this cycle.

 

If things intend go horribly wrong, the share needs below 422p to trigger panic, entering a reversal cycle which should hopefully complete at 297p. Early warning of trouble shall be the price closing below 480p but for now, we’re inclined toward optimism for Glencore’s future.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:36:07PM BRENT 84.6
9:38:16PM GOLD 2004.96
9:40:24PM FTSE 7919.29 7878 7862 7843 7893 7920 7928 7939 7906
9:42:38PM STOX50 4401.7
9:44:43PM GERMANY 15906.94 Success
9:46:49PM US500 4156.87 ‘cess
9:56:03PM DOW 33977 ‘cess
9:59:05PM NASDAQ 13092 ‘cess
10:01:42PM JAPAN 28650 28557 28516 28440 28649 28744 28786 29244 28560 Success

 

18/04/2023 FTSE Closed at 7909 points. Change of 0.38%. Total value traded through LSE was: £ 4,621,350,278 a change of -3.08%
17/04/2023 FTSE Closed at 7879 points. Change of 0.1%. Total value traded through LSE was: £ 4,768,055,555 a change of -13.28%
14/04/2023 FTSE Closed at 7871 points. Change of 0.36%. Total value traded through LSE was: £ 5,498,351,712 a change of 11.26%
13/04/2023 FTSE Closed at 7843 points. Change of 0.24%. Total value traded through LSE was: £ 4,941,877,578 a change of -0.83%
12/04/2023 FTSE Closed at 7824 points. Change of 0.5%. Total value traded through LSE was: £ 4,983,460,119 a change of -24.23%
11/04/2023 FTSE Closed at 7785 points. Change of -100%. Total value traded through LSE was: £ 6,576,655,503 a change of 0%
6/04/2023 FTSE Closed at 7741 points. Change of 0%. Total value traded through LSE was: £ 4,283,125,901 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:AZN Astrazeneca** **LSE:BDEV Barrett Devs** **LSE:EZJ EasyJet** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IDS International Distribution** **LSE:ODX Omega Diags** **LSE:TERN Tern Plc** **

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Updated charts published on : AFC Energy, Astrazeneca, Barrett Devs, EasyJet, Glencore Xstra, British Airways, International Distribution, Omega Diags, Tern Plc,

LSE:AFC AFC Energy Close Mid-Price: 19.4 Percentage Change: -3.00% Day High: 20 Day Low: 18.04

If AFC Energy experiences continued weakness below 18.04, it will invaria ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 12040 Percentage Change: + 1.83% Day High: 12390 Day Low: 11860

Target met. In the event of Astrazeneca enjoying further trades beyond 12 ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 489.1 Percentage Change: + 0.35% Day High: 490.1 Day Low: 484.4

All Barrett Devs needs are mid-price trades ABOVE 490.1 to improve accele ……..

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LSE:EZJ EasyJet. Close Mid-Price: 519.2 Percentage Change: + 1.60% Day High: 532.6 Day Low: 515

Continued trades against EZJ with a mid-price ABOVE 532.6 should improve ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 498 Percentage Change: + 1.84% Day High: 501 Day Low: 490.6

All Glencore Xstra needs are mid-price trades ABOVE 501 to improve accele ……..

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LSE:IAG British Airways. Close Mid-Price: 150.4 Percentage Change: + 0.07% Day High: 154.5 Day Low: 150.15

Target met. Continued trades against IAG with a mid-price ABOVE 155 shoul ……..

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LSE:IDS International Distribution. Close Mid-Price: 251.4 Percentage Change: + 1.86% Day High: 251.7 Day Low: 246.4

Further movement against International Distribution ABOVE 251.7 should im ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.5 Percentage Change: -7.41% Day High: 2.7 Day Low: 2.45

Weakness on Omega Diags below 2.45 will invariably lead to 2.28p with sec ……..

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LSE:TERN Tern Plc Close Mid-Price: 5.75 Percentage Change: -11.54% Day High: 6.5 Day Low: 5.5

In the event Tern Plc experiences weakness below 5.5 it calculates with a ……..

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

Carnival Plc (LSE:CCL), when the last ship sailed!  

#Gold #WallSt The last “Parked for Pandemic” cruise ship sailed past, the other day. Immediately, we suspected it was Scotlands leading political trougher, Nicola Sturgeon, exploiting a new method of escaping difficult questions, making her way to a country without an extradition treaty. Lacking drama, the real answer is an upturn in demand for cruise liners, causing all the parked ships to leave the River Clyde.

Logically, as the white behemoth sailed out to sea, probably hoping to never, ever, return to its moorings near Glasgow, a place where extremes of weather have always been a proud local joke. An amusing aspect of where the liners were moored came from the local maternity hospital, the windows giving countless new mothers the opportunity to take “selfies” with 4 large cruise ships parked literally behind them.

 

Cruise ship company Carnival Plc had been experiencing a severe share price decline, even prior to Covid sticking the boot in at the start of 2020, and we’re understandably curious as to whether the worst is over. Perhaps the public shall once again revel at the chance of being isolated in a giant petri dish, again at the mercy of whatever causes the next health panic for the world.  The immediate situation for Carnival share price demands it close a session above roughly 749.311p currently, exceeding Blue on the chart and taking a voyage into the realms of discovery. In such a scenario, we can calculate an initial target for the share price at 868p with secondary, if bettered, working out at a longer term 1075p.

Noticeably absent from this prediction is an expectation of a return to the wonderful heights above 35 quid before the pandemic hit and it’s a bit of a nuisance, feeling like an excess of patience shall be required. Currently, the best we can give is of closure above Blue on the chart theoretically allowing a distant 1315p to become a sensible future potential.

Perhaps the company shall start issuing extremely positive results to the market, something which appears doubtful due to the plethora of adverts for heavily discounted cruise ship cabins. However, the last ship has sailed from the River Clyde in Glasgow, so perhaps this means something.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:57:52PM BRENT 84.64 ‘cess
11:00:21PM GOLD 1995.5 1981 1977 1953 1997 2016 2024 2039 1993
11:02:14PM FTSE 7907.94
11:04:22PM STOX50 4386
11:08:07PM GERMANY 15831 ‘cess
11:10:25PM US500 4155.37
11:12:55PM DOW 33984.5 33740 33691 33584 33916 34008 34121 34258 33900 ‘cess
11:16:00PM NASDAQ 13097.59 ‘cess
11:18:23PM JAPAN 28569 ‘cess

 

17/04/2023 FTSE Closed at 7879 points. Change of 0.1%. Total value traded through LSE was: £ 4,768,055,555 a change of -13.28%
14/04/2023 FTSE Closed at 7871 points. Change of 0.36%. Total value traded through LSE was: £ 5,498,351,712 a change of 11.26%
13/04/2023 FTSE Closed at 7843 points. Change of 0.24%. Total value traded through LSE was: £ 4,941,877,578 a change of -0.83%
12/04/2023 FTSE Closed at 7824 points. Change of 0.5%. Total value traded through LSE was: £ 4,983,460,119 a change of -24.23%
11/04/2023 FTSE Closed at 7785 points. Change of 0.57%. Total value traded through LSE was: £ 6,576,655,503 a change of 53.55%
6/04/2023 FTSE Closed at 7741 points. Change of -100%. Total value traded through LSE was: £ 4,283,125,901 a change of 0%
5/04/2023 FTSE Closed at 7662 points. Change of 0%. Total value traded through LSE was: £ 5,017,004,065 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:AML Aston Martin** **LSE:AVCT Avacta** **LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:HSBA HSBC** **LSE:IGAS Igas Energy** **LSE:MKS Marks and Spencer** **LSE:ODX Omega Diags** **

********

Updated charts published on : Aston Martin, Avacta, Barclays, BP PLC, British Telecom, HSBC, Igas Energy, Marks and Spencer, Omega Diags,

LSE:AML Aston Martin Close Mid-Price: 232 Percentage Change: -2.93% Day High: 242.2 Day Low: 230.8

Continued trades against AML with a mid-price ABOVE 243 should improve the ……..

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LSE:AVCT Avacta Close Mid-Price: 138.2 Percentage Change: -0.58% Day High: 147.5 Day Low: 134.5

Further movement against Avacta ABOVE 147.5 should improve acceleration to ……..

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LSE:BARC Barclays Close Mid-Price: 154.28 Percentage Change: -2.28% Day High: 159.08 Day Low: 153.58

In the event of Barclays enjoying further trades beyond 159.5, the share s ……..

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LSE:BP. BP PLC. Close Mid-Price: 543.8 Percentage Change: + 0.52% Day High: 551 Day Low: 543.5

Further movement against BP PLC ABOVE 551 should improve acceleration towa ……..

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LSE:BT.A British Telecom. Close Mid-Price: 158.75 Percentage Change: + 1.21% Day High: 159.95 Day Low: 157.3

Target Met. Now above 160 suggests the possibility of movement to an initi ……..

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LSE:HSBA HSBC Close Mid-Price: 578.1 Percentage Change: -1.06% Day High: 588.1 Day Low: 573.7

Further movement against HSBC ABOVE 588.1 should improve acceleration tow ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 19.46 Percentage Change: + 6.92% Day High: 22.55 Day Low: 18.48

Target met. All Igas Energy needs are mid-price trades ABOVE 22.55 to imp ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 168.65 Percentage Change: + 0.84% Day High: 169.65 Day Low: 167.45

In the event of Marks and Spencer enjoying further trades beyond 169.65, ……..

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LSE:ODX Omega Diags Close Mid-Price: 2.7 Percentage Change: -6.90% Day High: 2.8 Day Low: 2.55

Target met. Continued weakness against ODX taking the price below 2.55 ca ……..

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

Lloyds Bank (LSE:LLOY)  

#Dax #Brent The S&P 500 index is currently presenting a perfect argument as to why folk dare not trust national index’ as a safe barometer as to how well things are going. Currently, this S&P 500 is up 8.3% this year, an encouraging number by any standards. However, there’s a deeper harsh reality, this level of gain driven by just 20 companies out of 500. The implication, for the residual 480 components of the index, isn’t great. Once the top 20 are discounted, the index itself only moved by just over 1%.

Similar poisonous behaviour also infects the FTSE 100, up by 5.1% so far this year, but the market is also away with many respectable shares doing very little of interest. Which, needless to say, brings us to Lloyds bank, up by 3.1% this year. One aspect of Lloyds share price behaviour which continues to bother us is the share price’s failure to attempt to pre-pandemic price level of 58p. Both Barclays and Natwest proved able to exceed this particular low bar but alas, in the case of Lloyds, the share price appears to be viewing the pre-pandemic price as a Limbo Dance price bar, ensuring it remains below rather than risk doing anything valuable for investors!

 

From a Big Picture perspective, the share price needs now exceed 52.4p to apparently trigger movement to an initial 57p with secondary, if bettered, at 62.7p. In the event trouble is planned, the share price needs weaken below 45p as this risks provoking reversal to an initial 41.7p with secondary, if broken, a quite dangerous 36p, within reach of a hopeful ultimate bottom of just 30p.

For now, with Lloyds we’ve too many reasons to lack any optimism for the immediate future.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
5:24:00PM BRENT 86.34 85.15 84.51 83.61 86.38 87.21 87.38 87.91 85.6
5:25:39PM GOLD 2003
5:27:18PM FTSE 7873
5:29:19PM STOX50 4376
5:31:18PM GERMANY 15826.5 15757 15723 15682 15803 15846 15880 15919 15789
5:32:50PM US500 4137
5:35:08PM DOW 33807
5:37:23PM NASDAQ 13038
5:39:11PM JAPAN 28452

 

14/04/2023 FTSE Closed at 7871 points. Change of 0.36%. Total value traded through LSE was: £ 5,498,351,712 a change of 11.26%
13/04/2023 FTSE Closed at 7843 points. Change of 0.24%. Total value traded through LSE was: £ 4,941,877,578 a change of -0.83%
12/04/2023 FTSE Closed at 7824 points. Change of 0.5%. Total value traded through LSE was: £ 4,983,460,119 a change of -24.23%
11/04/2023 FTSE Closed at 7785 points. Change of 0.57%. Total value traded through LSE was: £ 6,576,655,503 a change of 53.55%
6/04/2023 FTSE Closed at 7741 points. Change of 1.03%. Total value traded through LSE was: £ 4,283,125,901 a change of -14.63%
5/04/2023 FTSE Closed at 7662 points. Change of 0.37%. Total value traded through LSE was: £ 5,017,004,065 a change of -11.84%
4/04/2023 FTSE Closed at 7634 points. Change of -100%. Total value traded through LSE was: £ 5,690,797,913 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:AML Aston Martin** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:GLEN Glencore Xstra** **LSE:HSBA HSBC** **LSE:OXIG Oxford Instruments** **LSE:SPX Spirax** **

********

Updated charts published on : Aston Martin, Avacta, Astrazeneca, Barclays, British Telecom, Carclo, Glencore Xstra, HSBC, Oxford Instruments, Spirax,

LSE:AML Aston Martin. Close Mid-Price: 239 Percentage Change: + 3.11% Day High: 242 Day Low: 230.2

Continued trades against AML with a mid-price ABOVE 242 should improve th ……..

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LSE:AVCT Avacta. Close Mid-Price: 139 Percentage Change: + 6.11% Day High: 142.5 Day Low: 133

Further movement against Avacta ABOVE 142.5 should improve acceleration t ……..

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LSE:AZN Astrazeneca Close Mid-Price: 11892 Percentage Change: -0.20% Day High: 11990 Day Low: 11880

Further movement against Astrazeneca ABOVE 11990 should improve accelerat ……..

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LSE:BARC Barclays. Close Mid-Price: 157.88 Percentage Change: + 3.23% Day High: 158.58 Day Low: 153.04

Target met. In the event of Barclays enjoying further trades beyond 158.5 ……..

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LSE:BT.A British Telecom. Close Mid-Price: 156.85 Percentage Change: + 0.84% Day High: 158.3 Day Low: 156.35

Target met. All British Telecom needs are mid-price trades ABOVE 158.3 to ……..

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LSE:CAR Carclo Close Mid-Price: 10.8 Percentage Change: -13.43% Day High: 11.2 Day Low: 10.5

Target met. If Carclo experiences continued weakness below 10.5, it will ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 491.7 Percentage Change: + 0.83% Day High: 499.8 Day Low: 490.3

In the event of Glencore Xstra enjoying further trades beyond 499.8, the ……..

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LSE:HSBA HSBC. Close Mid-Price: 584.3 Percentage Change: + 3.00% Day High: 587.4 Day Low: 563.3

All HSBC needs are mid-price trades ABOVE 587.4 to improve acceleration t ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2685 Percentage Change: + 3.87% Day High: 2745 Day Low: 2615

Target met. Continued trades against OXIG with a mid-price ABOVE 2745 sho ……..

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LSE:SPX Spirax. Close Mid-Price: 11640 Percentage Change: + 0.43% Day High: 11845 Day Low: 11595

Further movement against Spirax ABOVE 11845 should improve acceleration t ……..

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

FTSE for FRIDAY & a bit of Bitcoin (FTSE:UKX & COIN:BTCUSD)

#FTSE #Bitcoin As we go into the weekend with new snow on the mountains in Argyll, our lawn is finally cut, there’s reason for optimism. And of course, some puzzlement. The FTSE is looking capable of tracing new highs, Bitcoin looks like it’s about to enter a recovery phase, even Gold looks like it’s about to attempt to new levels above $2100.

 

Our puzzlement comes from conventional wisdom, essentially if the markets are tanking, smart money is supposed to head elsewhere like Gold or Bitcoin. But the markets, while certainly lacking flamboyant gestures, continue to exhibit gains on almost a daily basis. Firstly, we want to examine Bitcoin as it feels like it’s on the edge of doing something clever.

Currently, it appears Bitcoin (trading around 30,300 USD at time of writing) need only exceed 30,575 to apparently trigger a gain in the direction of $33,186, a fairly useful little jump. Our secondary, however, is of special interest as should this initial target be exceeded, we are calculating $47,938 as a secondary, a price level not seen for 12 months. Visually, it makes a lot of sense but do pay attention to the initial target as it “really” needs exceeded to better a funny batch of movements last year, making a strong lift to our $47k level a viable proposition.

For everything to go wrong for Bitcoin, it needs below $23,500 to spoil the party.

 

FTSE for Friday We’re a little hacked off about the UK Aim market once again riding second fiddle to the FTSE, making a series of pretty useless movements rather than exhibit the very real strength shown when it enacted pandemic recovery, quite literally leaving the FTSE 100 in the dust. However, movements since the start of 2022 almost felt the junior exchange was facing payback for its temerity and only now, are there slight signs things may be improving. But we need see the AIM above 900 points (currently 825 points) to start thinking happy thoughts again.

As for the FTSE, it’s looking very like the index is planning another forage into the land of higher highs.

Currently, above 7862 points should hopefully trigger gains to an initial 7913 points with secondary, if bettered, at 7970, a price level where the visuals suggest hesitation is possible. However, were it not for the previous stall at this level at the start of March, our secondary would work out at 8080 points but, in this instance, our software is probably taking the wiser stance. Market gains recently are proving slow and steady, making us wonder what shall be required to see days of 100+ point movements return. Perhaps a return to Government by Liz Truss will be needed to shake things up, ideally the Scottish Govt where many senior folk have resigned, doubtless pending police investigation results.

Our alternate scenario requires the FTSE to slither below 7808 points, risking a slight reversal cycle to an initial 7760 with secondary, if broken, at 7703 points and hopefully yet another bounce.

 

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:21:33PM BRENT 86.02 85.17 84.32 86.15 87.2 87.61 86.3
10:23:38PM GOLD 2040.56 2015 2012 2030 2045 2051 2033 Success
10:25:38PM FTSE 7862.03 7794 7772 7830 7867 7872 7843
10:27:35PM STOX50 4374.4 4338 4326 4362 4377 4388 4357
10:37:10PM GERMANY 15767.26 15671 15650 15739 15782 15798 15732
10:47:53PM US500 4144.62 4110 4094 4125 4148 4152 4128
10:50:35PM DOW 34000.5 33585 33555 33785 34059 34065 33900
10:53:30PM NASDAQ 13087.84 12995 12974 13047 13122 13146 13047
10:55:28PM JAPAN 28368 28088 27955 28233 28426 28518 28301 Success

 

13/04/2023 FTSE Closed at 7843 points. Change of 0.24%. Total value traded through LSE was: £ 4,941,877,578 a change of -0.83%
12/04/2023 FTSE Closed at 7824 points. Change of 0.5%. Total value traded through LSE was: £ 4,983,460,119 a change of -24.23%
11/04/2023 FTSE Closed at 7785 points. Change of 0.57%. Total value traded through LSE was: £ 6,576,655,503 a change of 53.55%
6/04/2023 FTSE Closed at 7741 points. Change of 1.03%. Total value traded through LSE was: £ 4,283,125,901 a change of -14.63%
5/04/2023 FTSE Closed at 7662 points. Change of 0.37%. Total value traded through LSE was: £ 5,017,004,065 a change of -11.84%
4/04/2023 FTSE Closed at 7634 points. Change of -100%. Total value traded through LSE was: £ 5,690,797,913 a change of 0%
3/04/2023 FTSE Closed at 7673 points. Change of 0%. Total value traded through LSE was: £ 6,510,009,325 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:AML Aston Martin** **LSE:AZN Astrazeneca** **LSE:BDEV Barrett Devs** **LSE:CAR Carclo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:NG. National Glib** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **

********

Updated charts published on : Aston Martin, Astrazeneca, Barrett Devs, Carclo, Genel, Glencore Xstra, National Glib, Sainsbury, Scancell, Tesco,

LSE:AML Aston Martin Close Mid-Price: 231.8 Percentage Change: -0.09% Day High: 240 Day Low: 231.6

Target met. All Aston Martin needs are mid-price trades ABOVE 240 to impr ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 11916 Percentage Change: + 0.80% Day High: 11912 Day Low: 11792

Continued trades against AZN with a mid-price ABOVE 11912 should improve ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 478.2 Percentage Change: + 2.38% Day High: 488.6 Day Low: 473.7

Target met. In the event of Barrett Devs enjoying further trades beyond 4 ……..

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LSE:CAR Carclo Close Mid-Price: 12.47 Percentage Change: -5.67% Day High: 0 Day Low: 0

Continued weakness against CAR taking the price below 12.47 calculates as ……..

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LSE:GENL Genel. Close Mid-Price: 134 Percentage Change: + 5.51% Day High: 136.2 Day Low: 126

Continued trades against GENL with a mid-price ABOVE 136.2 should improve ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 487.65 Percentage Change: + 0.84% Day High: 492.2 Day Low: 479.8

Further movement against Glencore Xstra ABOVE 492.2 should improve accele ……..

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LSE:NG. National Glib Close Mid-Price: 1144 Percentage Change: -0.82% Day High: 1156 Day Low: 1140

All National Grid needs are mid-price trades ABOVE 1156 to improve accele ……..

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LSE:SBRY Sainsbury Close Mid-Price: 278.2 Percentage Change: -0.61% Day High: 281.6 Day Low: 277.3

Continued trades against SBRY with a mid-price ABOVE 281.6 should improve ……..

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LSE:SCLP Scancell. Close Mid-Price: 20.5 Percentage Change: + 5.13% Day High: 20.75 Day Low: 19.5

In the event of Scancell enjoying further trades beyond 20.75, the share ……..

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LSE:TSCO Tesco. Close Mid-Price: 269 Percentage Change: + 0.60% Day High: 275.5 Day Low: 268.5

All Tesco needs are mid-price trades ABOVE 275.5 to improve acceleration ……..

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