Trends And Targets

#FTSE #WallSt We’re probably spending far too long, glaring at a line on a chart in utter frustration. Once again, the culprit is the FTSE 100 downtrend since May 2018, along with the current demand the index CLOSE a session above Blue to suggest happy days are coming. On Thursday, this wretched trend line asked that the market close the day above just 7621.406 points.

The day closed at 7620.43 points, turning an optimists Thursday into a session of disappointment, making us wonder what awaits on Friday 31st March, last day of the month and quarter. From our usual perspective, we’d be quite happy to suspect Friday should experience some gains, the market clearly closing in a “higher high” position. But missing breaking above a 5 year trend by a single point bothers us quite a bit, the market doubtless having its own private reasons for believing this historical downtrend is important.

If we pretend the above chart doesn’t bother us, instead  choosing to ooze confidence for the coming day, the immediate situation suggests above Thursdays high of 7638 points should trigger a fairly unimpressive movement to 7667 points next. If exceeded, our secondary is a bit more cheerful, lying in wait at 7807 points. Unfortunately, historically the end of a quarter generally provides sufficient excuse for a bunch of short term sell-offs, provoking a pretty foul day which will doubtless become a distant memory within the next few sessions. Once all these things are married together, we lack confidence for Friday. The tightest stop loss position is around 7607 points, fairly reasonable when considering the level of risk/reward in this scenario.

 

Of course, perhaps we’re being grumpy due to grand-daughters visiting for the whole week from this Sunday.

 

From an immediate perspective for the FTSE, below 7574 points is liable to prove worrisome, calculating with the risk of reversal to an initial 7468 points with our secondary, if broken, working out at a silly looking 7364 points. The absolutely crazy this about this negative perspective is the position of a potential stop loss level at 7584 points, an almost free gift in the risk/reward stakes.

In fact, as the market looks like it intends make it harder to experience gains, common sense suggests we should abandon our negative thoughts and expect happy days…

 

Finally, it’s the Australia Grand Prix, hopefully a race which shall be worth watching. Have a good weekend.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:07:41PM	BRENT	78.55	77	76.245		77.95	78.84	79.01		77.37
10:09:50PM	GOLD	1980.84	1963	1960		1975	1985	1990		1977	Success
10:13:48PM	FTSE	7624.08	7554	7526		7580	7637	7673		7602	Success
10:16:21PM	STOX50	4291.2	4231	4211		4261	4295	4331		4265	‘cess
10:33:15PM	GERMANY	15544	15341	15292		15425	15563	15584		15492	‘cess
10:35:47PM	US500	4054.62	4024	4018		4040	4062	4083		4034	‘cess
10:41:41PM	DOW	32870	32676	32643		32795	32937	32997		32810	Success
10:44:22PM	NASDAQ	12970.47	12857	12828		12936	12988	13005		12900	‘cess
10:47:12PM	JAPAN	27938	27713	27638		27802	27975	27989		27849

30/03/2023 FTSE Closed at 7620 points. Change of 0.74%. Total value traded through LSE was: £ 4,859,647,247 a change of 17.38%

29/03/2023 FTSE Closed at 7564 points. Change of 1.07%. Total value traded through LSE was: £ 4,139,938,147 a change of -38.03%

28/03/2023 FTSE Closed at 7484 points. Change of 0.17%. Total value traded through LSE was: £ 6,680,856,903 a change of 37.06%

27/03/2023 FTSE Closed at 7471 points. Change of 0.89%. Total value traded through LSE was: £ 4,874,298,034 a change of -13.9%

24/03/2023 FTSE Closed at 7405 points. Change of -1.25%. Total value traded through LSE was: £ 5,661,322,709 a change of -17%

23/03/2023 FTSE Closed at 7499 points. Change of -0.89%. Total value traded through LSE was: £ 6,821,003,257 a change of 31.84%

22/03/2023 FTSE Closed at 7566 points. Change of 0.4%. Total value traded through LSE was: £ 5,173,752,790 a change of 1.87%

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:BLOE Block Energy PLC** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:CASP Caspian** **LSE:IAG British Airways** **LSE:SBRY Sainsbury** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

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Updated charts published on : BALFOUR BEATTY, Block Energy PLC, Bowleven, BP PLC, Caspian, British Airways, Sainsbury, Tern Plc, Tesco,

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 377.2 Percentage Change: + 1.02% Day High: 380 Day Low: 374.4

In the event of BALFOUR BEATTY enjoying further trades beyond 380, the sh ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 0.92 Percentage Change: -2.63% Day High: 1 Day Low: 0.92

In the event Block Energy PLC experiences weakness below 0.92 it calculat ……..

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LSE:BLVN Bowleven. Close Mid-Price: 1.3 Percentage Change: + 4.00% Day High: 1.3 Day Low: 0.85

Target met. In the event Bowleven experiences weakness below 0.85 it calc ……..

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LSE:BP. BP PLC. Close Mid-Price: 513.2 Percentage Change: + 0.53% Day High: 518.1 Day Low: 506.8

All BP PLC needs are mid-price trades ABOVE 518.1 to improve acceleration ……..

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LSE:CASP Caspian Close Mid-Price: 5.85 Percentage Change: -4.88% Day High: 6.15 Day Low: 5.65

If Caspian experiences continued weakness below 5.65, it will invariably ……..

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LSE:IAG British Airways. Close Mid-Price: 148.6 Percentage Change: + 3.86% Day High: 149.26 Day Low: 144.72

In the event of British Airways enjoying further trades beyond 149.26, t ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 275.7 Percentage Change: + 2.95% Day High: 277.1 Day Low: 268.2

All Sainsbury needs are mid-price trades ABOVE 277.1 to improve accelerat ……..

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LSE:TERN Tern Plc Close Mid-Price: 6.25 Percentage Change: -10.71% Day High: 7 Day Low: 6

Weakness on Tern Plc below 6 will invariably lead to 5.3 with secondary ( ……..

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LSE:TSCO Tesco. Close Mid-Price: 264.9 Percentage Change: + 0.91% Day High: 265.2 Day Low: 260.6

Further movement against Tesco ABOVE 265.2 should improve acceleration to ……..

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

#Gold #Japan It’s often said no decent music is being made in the 21st century, a sentiment hard to disagree with. Originality is lacking, yet an all girl pop group called Remember Monday smacked the cliché in the face with a kipper, covering Queen’s ‘Fat Bottomed Girls’ and achieved the impossible, almost making the tune their own! As an avowed Freddie Mercury fan, this was impressive, returning FUN into music without shuddering at harm inflicted on a classic track. It was also the rare occasion when a YouTube recommendation proved interesting.

 

Obviously, this has nothing to do with Molten Ventures Plc aside from sometimes, things just hit rock bottom and then bounce. Perhaps this is happening with the music industry, perhaps it’s about to happen with venture capitalists Molten Ventures Plc. The Big Picture had suggested, very firmly, the share should bottom at 239p, something it achieved last October and it managed to double in price in the period since. Presently trading around 262p, it looks like the price intends head to another bottom, potentially at 251p and once again, hopefully with a bounce.

In the event the share price closes a session below 251p, things become as uncomfortable as realistically, we cannot calculate where a trampoline should be with any confidence. Maybe at 175, maybe even, 83p, maybe something prefaced with an impossible minus sign. The surprising thing, when reviewing the list of previous and current clients for Molten Ventures, there’s a few well known companies, so they’ve doubtless got a strong track record in picking success. We shall certainly not complain, if they toss us a few quid…

For any bounce to now become interesting, the share price needs close a session above Blue on the chart, 360p at time of writing, as this should prove capable of provoking a lift to 496p initially with secondary, if bettered, calculating at 582p and beyond. Visually, there are plenty of reasons to anticipate some hesitation at the 496p level, given prior share price behaviour.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:54:05PM	BRENT	77.46
9:56:12PM	GOLD	1964.91	1958	1952	1945	1969	1971	1975	1980	1962
9:58:39PM	FTSE	7577.25									Success
10:00:45PM	STOX50	4245.8									‘cess
10:02:50PM	GERMANY	15381.57									Success
10:12:08PM	US500	4031.62									Success
10:15:01PM	DOW	32710.4									‘cess
10:17:25PM	NASDAQ	12839.92									Success
10:20:38PM	JAPAN	28055	27872	27813	27727	27983	28072	28106	28154	27901

 

29/03/2023 FTSE Closed at 7564 points. Change of 1.07%. Total value traded through LSE was: £ 4,139,938,147 a change of -38.03%

28/03/2023 FTSE Closed at 7484 points. Change of 0.17%. Total value traded through LSE was: £ 6,680,856,903 a change of 37.06%

27/03/2023 FTSE Closed at 7471 points. Change of 0.89%. Total value traded through LSE was: £ 4,874,298,034 a change of -13.9%

24/03/2023 FTSE Closed at 7405 points. Change of -1.25%. Total value traded through LSE was: £ 5,661,322,709 a change of -17%

23/03/2023 FTSE Closed at 7499 points. Change of -0.89%. Total value traded through LSE was: £ 6,821,003,257 a change of 31.84%

22/03/2023 FTSE Closed at 7566 points. Change of 0.4%. Total value traded through LSE was: £ 5,173,752,790 a change of 1.87%

21/03/2023 FTSE Closed at 7536 points. Change of 1.8%. Total value traded through LSE was: £ 5,078,878,926 a change of -18.94%

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:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:FGP Firstgroup** **LSE:GRG Greggs** **LSE:IGAS Igas Energy** **LSE:PHP Primary Health** **LSE:SCLP Scancell** **

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Updated charts published on : Bowleven, BP PLC, Firstgroup, Greggs, Igas Energy, Primary Health, Scancell,

LSE:BLVN Bowleven. Close Mid-Price: 1.25 Percentage Change: + 0.00% Day High: 1.25 Day Low: 1.12

Weakness on Bowleven below 1.12 will invariably lead to 1.02 with seconda ……..

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LSE:BP. BP PLC. Close Mid-Price: 510.5 Percentage Change: + 0.53% Day High: 513.1 Day Low: 507.2

All BP PLC needs are mid-price trades ABOVE 513.1 to improve acceleration ……..

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LSE:FGP Firstgroup. Close Mid-Price: 104.5 Percentage Change: + 2.55% Day High: 104.4 Day Low: 101.6

Now, in the event of Firstgroup enjoying further trades beyond 115, the sh ……..

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LSE:GRG Greggs. Close Mid-Price: 2744 Percentage Change: + 1.40% Day High: 2758 Day Low: 2716

Now above 2818 still expects 2906 and our secondary, if exceeded, works o ……..

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LSE:IGAS Igas Energy Close Mid-Price: 16.38 Percentage Change: -3.68% Day High: 17.1 Day Low: 15.8

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LSE:PHP Primary Health. Close Mid-Price: 102.6 Percentage Change: + 2.09% Day High: 103 Day Low: 100.2

Remaining dangerous, below 99 now has the potential of reversal to 92 next ……..

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LSE:SCLP Scancell Close Mid-Price: 15.25 Percentage Change: -2.40% Day High: 15.75 Day Low: 14.75

This is not a happy share as below 14 now indicates a good chance of it he ……..

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

#FTSE #Stoxx50  

We can be a little paranoid about warning signs against share price movements. For instance, the image below for clothing retailer, Frasers Group Plc, displays a bit of a stunner, something which actually makes some sense when you think about it. BP actually had something pretty similar, prior to Deepwater Horizon, and aAlso, Wall St experienced a dip below the uptrend, prior to events in Sept 2001. It’s got nothing to do with the markets being prescient.

This sort of thing happens all the time, a solid uptrend breaking and we suspect all it implies is the potential for weakness in a price movement, essentially the market broadcasting “this trend in no sacred, it can break!” However, should a share price move below the level of a historical ‘warning’ break of a trend, it’s definitely the time to jog along to your local Sports Direct and buy running shoes as a worst case scenario may be about to come true.

 

As an aside, the Frasers Group of today really have nothing in common with the historical House of Fraser in Glasgow, a company formed around 170 years ago and the subject of utter dread every December in the 1970’s. For some reason, always designated as my mothers official bag carrier, spending hours in the awful place buying Xmas gifts for everyone (except me) left only a memory of the utter stink of perfume. The perfume department was on the ground floor, a vastly overheated area with the samples smell permeating upward to contaminate the entire massive store and we’d finally leave, me with a headache, safe in the knowledge I’d once again be getting Book and Music shop vouchers. This wasn’t a shop which generated fond memories for this particular child.

In the case of Frasers Group share price currently, the Red uptrend has been confirmed multiple times since 2020.

Should early signals for trouble be needed, share price closure below 720 looks capable of breaking Red and promoting weakness to a non threatening 613p with secondary, if broken, a rather nasty looking 554p. As we alluded earlier, anything capable of bringing a share price below the circled Red trend break value is liable to be quite dangerous, taking the share price into a zone where a sharp reversal cycle to 376, perhaps even a bottom of 230p becomes probable.

 

In the event Frasers Group intends an emergency escape from this troubling picture, share price movements above just 807p calculate with the chances of a lift to 862p next with secondary, if beaten, at 900p and an expectation of some hesitation. From our perspective, the share price needs closure above 900p to suggest considerable strength has entered the fray and a future exists which may not stink!

 

 

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FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:41:35PM	BRENT	78.45									‘cess
9:44:25PM	GOLD	1974.02
9:46:57PM	FTSE	7470.72	7449	7435	7405	7488	7503	7515	7537	7477
9:48:40PM	STOX50	4173.3	4153	4131	4104	4178	4212	4228	4275	4171
10:05:52PM	GERMANY	15142.15
10:08:03PM	US500	3977.09									‘cess
10:10:03PM	DOW	32425.6
10:12:01PM	NASDAQ	12629									Success
10:17:04PM	JAPAN	27496									‘cess

 

28/03/2023 FTSE Closed at 7484 points. Change of 0.17%. Total value traded through LSE was: £ 6,680,856,903 a change of 37.06%

27/03/2023 FTSE Closed at 7471 points. Change of 0.89%. Total value traded through LSE was: £ 4,874,298,034 a change of -13.9%

24/03/2023 FTSE Closed at 7405 points. Change of -1.25%. Total value traded through LSE was: £ 5,661,322,709 a change of -17%

23/03/2023 FTSE Closed at 7499 points. Change of -0.89%. Total value traded through LSE was: £ 6,821,003,257 a change of 31.84%

22/03/2023 FTSE Closed at 7566 points. Change of 0.4%. Total value traded through LSE was: £ 5,173,752,790 a change of 1.87%

21/03/2023 FTSE Closed at 7536 points. Change of 1.8%. Total value traded through LSE was: £ 5,078,878,926 a change of -18.94%

20/03/2023 FTSE Closed at 7403 points. Change of 0.93%. Total value traded through LSE was: £ 6,265,515,535 a change of -57.61%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BP. BP PLC** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:GKP Gulf Keystone** **LSE:ITM ITM Power** **LSE:RBD Reabold Resources PLC** **LSE:SMT Scottish Mortgage Investment Trust** **

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Updated charts published on : BP PLC, Caspian, Carnival, Gulf Keystone, ITM Power, Reabold Resources PLC, Scottish Mortgage Investment Trust,

LSE:BP. BP PLC. Close Mid-Price: 507.8 Percentage Change: + 2.30% Day High: 510.5 Day Low: 503.1

Further movement against BP PLC ABOVE 510.5 should improve acceleration t ……..

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LSE:CASP Caspian Close Mid-Price: 6.2 Percentage Change: -3.88% Day High: 6.45 Day Low: 6.1

Weakness on Caspian below 6.1 will invariably lead to 5.25 with secondary ……..

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LSE:CCL Carnival. Close Mid-Price: 664.6 Percentage Change: + 1.84% Day High: 676.8 Day Low: 629

Continued weakness against CCL taking the price below 629 calculates as l ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 158 Percentage Change: + 9.42% Day High: 161.8 Day Low: 144.8

This is getting a bit interesting as above 162 looks like it has the poten ……..

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LSE:ITM ITM Power Close Mid-Price: 69.42 Percentage Change: -4.67% Day High: 73.5 Day Low: 69.26

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.18 Percentage Change: -1.33% Day High: 0.19 Day Low: 0.18

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 643 Percentage Change: -1.14% Day High: 652.8 Day Low: 641.6

Target met. In the event Scottish Mortgage Investment Trust experiences w ……..

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

#Gold #SP500

Regular readers will know of our utter distaste for negative share splits, price movements designed to make a share sound more respectable. Often, for the longer term, whatever culture permeated a company, causing any initial share split, remains, creating the same situation again. Scotgold in Tyndrum, guilty of 100:1 surgery in 2017, saw their share price boost from around 0.4p up to a pretend 40p in a blink.

The manoeuvre, we’ll take 100 of your shares and give you a brand new single shiny one back, rarely seems to work out for the longer term, victims from prior to the share split being the ones who obviously pay. For instance, folk from 2012 “only” need see Scotgold move above 6 quid until they find themselves in profit. Glancing at the chart below, it’s easy to suspect Scotgold may soon consider yet another share split as the immediate future looks pretty vile.

Movement next below 11.5p looks very capable of a trip down to 8.5p next, perhaps with a bounce. Our secondary, if such a level breaks, works out at just 4p, a price level below which we cannot calculate as every target gets prefaced with a minus sign.

In the event any miracles are planned (it is nearly Easter) apparently the share price only needs exceed 15.5 to make an attempt at 18 next with our secondary, if bettered, at 22p (which may be 25p, thanks to the market gapping the price down. Unfortunately, this feels like it has similar quality to a dead cat bounce, none of the targets coming close to 32p, above which the market would be forced to concede it was all a dreadful mistake.

We fear, despite Gold prices being at record high levels, Scotlands Gold miner intends drill down to the 4p level and hopefully shall discover an excuse for the market to gap the share price up substantially. Currently we’re lacking optimism, suspecting the market doesn’t inflict a minus 63% day without good reason. Perhaps the Earnings Report due later this week shall contain good news…

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:50:36PM	BRENT	77.79									Success
9:53:19PM	GOLD	1956.21	1943	1929	1925	1959	1978	1987	2002	1963	Success
9:55:14PM	FTSE	7510.52									‘cess
9:57:25PM	STOX50	4185
9:59:45PM	GERMANY	15187
10:01:59PM	US500	3988	3969	3955	3938	3990	4006	4013	4026	3986	‘cess
10:25:46PM	DOW	32484									Success
10:27:44PM	NASDAQ	12696
10:29:52PM	JAPAN	27591									‘cess

 

27/03/2023 FTSE Closed at 7471 points. Change of 0.89%. Total value traded through LSE was: £ 4,874,298,034 a change of -13.9%

24/03/2023 FTSE Closed at 7405 points. Change of -1.25%. Total value traded through LSE was: £ 5,661,322,709 a change of -17%

23/03/2023 FTSE Closed at 7499 points. Change of -0.89%. Total value traded through LSE was: £ 6,821,003,257 a change of 31.84%

22/03/2023 FTSE Closed at 7566 points. Change of 0.4%. Total value traded through LSE was: £ 5,173,752,790 a change of 1.87%

21/03/2023 FTSE Closed at 7536 points. Change of 1.8%. Total value traded through LSE was: £ 5,078,878,926 a change of -18.94%

20/03/2023 FTSE Closed at 7403 points. Change of 0.93%. Total value traded through LSE was: £ 6,265,515,535 a change of -57.61%

17/03/2023 FTSE Closed at 7335 points. Change of -1.01%. Total value traded through LSE was: £ 14,781,854,376 a change of 86.96%

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:CCL Carnival** **LSE:EME Empyrean** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:ITM ITM Power** **LSE:QFI Quadrise** **

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Updated charts published on : BALFOUR BEATTY, Carnival, Empyrean, Genel, Gulf Keystone, ITM Power, Quadrise,

LSE:BBY BALFOUR BEATTY. Close Mid-Price: 376 Percentage Change: + 1.29% Day High: 379.2 Day Low: 373.6

Continued trades against BBY with a mid-price ABOVE 379.2 should improve ……..

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LSE:CCL Carnival. Close Mid-Price: 652.6 Percentage Change: + 0.00% Day High: 700 Day Low: 647.4

Weakness on Carnival below 647.4 will invariably lead to 600 and hopefull ……..

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LSE:EME Empyrean Close Mid-Price: 1.05 Percentage Change: -4.56% Day High: 0 Day Low: 0

In the event Empyrean experiences weakness below 1.05 it calculates with ……..

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LSE:GENL Genel Close Mid-Price: 110 Percentage Change: -6.30% Day High: 114 Day Low: 98.6

Target met. If Genel experiences continued weakness below 98.6, it will i ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 144.4 Percentage Change: -16.72% Day High: 169.2 Day Low: 130.2

Target met. Weakness on Gulf Keystone below 130.2 will invariably lead to ……..

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LSE:ITM ITM Power Close Mid-Price: 72.82 Percentage Change: -2.98% Day High: 78.52 Day Low: 72.86

Continued weakness against ITM taking the price below 72.86 calculates as ……..

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LSE:QFI Quadrise Close Mid-Price: 1.52 Percentage Change: -7.89% Day High: 1.6 Day Low: 1.5

This is starting to have the potential of being mildly interesting, needin ……..

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

#Brent #Dax

Sometimes, I suspect my foibles drive my wife crazy.  She’ll sometimes go to bed around 9pm, thanks to a commute which starts at 5am and as every bloke knows, you’re only wide awake from 9pm onward. In the last year, evenings same me built a rock grinding machine, a generator, and a room heater for pyromaniacs. But top marks were awarded to my bread making fascination.

As a Coeliac, gluten free bread became essential and as a Diabetic, the right bread was difficult to say the least. Eventually producing something which was edible though quite literally unable to be toasted, possibly due to almond flour creating fireproof content. But I kept experimenting while my wife slept, constantly improving/changing the recipe until things started to approach the dizzy heights of edible. Unfortunately, along came Deutsche Bank and the inevitable memory of Munich hauptbahnhof (central station), a delight in the 1990’s when travelling to Frankfurt for waste of time meetings. Early mornings at the hauptbahnhof introduced me to chocolate croissants, possibly the best in the world, from one of the many vendors with carts. They were literally so good, when I left Munich for the last time to drive home, a stop at the railway station to pick up an order of 40 was mandated.

Inspiration comes from strange places! Deutsche Bank’s troubles a reminder of Munich station, influenced an attempt to reproduce the flavour of these croissants and thankfully, success arrived just before the clocks changed for summer. Rather than employ normal chocolate, nirvana came from dark chocolate with something like 90% cacoa, safe for Diabetics and, to be fair, pretty disgusting otherwise. But grating the stuff and embedding a layer into my bread mix, once the dough had sat for an hour or two, created a dough which, when cooked, took me back to Munich and the perfect croissant.

 

No matter how kindly I’m inclined toward Germany (just because of a croissant!), it looks certain Deutsche Bank are in quite a bit of trouble. Weakness continuing below 7.94 looks very capable of an attempt at 7.04 next with secondary, if broken, at 6.83. The proximity of these target levels tends suggest an imminent bounce point, one which is visually hard to justify as overall, there’s a heck of an argument suggesting our croissant inspiration shall eventually bottom at 3.11€

At present, DBK needs above 10.4€ to escape this horrible and ridiculous looking fate, a share price lower than the good old days of Covid-19 and 4.44€. Who knows, perhaps the market shall believe the platitudes from German politicians stating Deutsche Bank is as solid as they come?

 

 

Lloyds Bank managed to assiduously avoid being gapped above 54p in the period since our last analysis,  calling into question any reason for optimism. While manipulation gaps have certainly appeared against Lloyds, the imperative has been to force the price downward, the share price clearly singing from the same songbook as the rest of the banking sector. The situation now is quite caustic, demanding Lloyds trade above 49.5p to next enter a cycle to 51.3p with secondary, if exceeded, calculation at a potentially game changing 56p.

However, the converse is now looking dangerously probable.

Lloyds Banking Group has now closed at the lowest level of 2023, the share price looking dodgy and doubtless reflecting the confidence folk feel, once again, for the prospects for the banking sector. From a glance through internet chat rooms, about the only saving grace was a comment from a team of analysts at Bank of America, suggesting they’ve identified the next market bubble and now is the time to sell shares rather than buy. A fairly straightforward suggestion is, if a bank says one thing, it’s probably the perfect time to do the exact opposite!

 

On the basis the plethora of signals advocating more reversals in bank share prices shall prove correct, Lloyds has the capacity to become troubling, should their share price stumble below 44.9p as reversal to an initial 43p calculates as possible. Breakage of such a target level is troublesome, working out with the chance of a visit to 41.5p, along with a distinct probability of the price closing a session below Red on the chart. This would effectively move the share value from Near Term calculations into Bigger Picture calculations with the opportunity for more energetic reversals, perhaps even kicking off a cycle which shall hopefully bottom eventually around the 29p level.

We live in interesting times.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
9:55:47PM	BRENT	74.69	72.33	71.95	70.23	73.87	75.1	76.08	77.33	74
9:57:21PM	GOLD	1978.98								1989
9:59:24PM	FTSE	7424.75								7408
10:02:26PM	STOX50	4151.8								4175
10:04:25PM	GERMANY	15019	14901	14853	14700	14984	15183	15271	15428	15086
10:07:59PM	US500	3971.02								3942
10:10:55PM	DOW	32252								32028
10:13:16PM	NASDAQ	12765								12699
10:16:27PM	JAPAN	27386								27292

 

24/03/2023 FTSE Closed at 7405 points. Change of -1.25%. Total value traded through LSE was: £ 5,661,322,709 a change of -17%

23/03/2023 FTSE Closed at 7499 points. Change of -0.89%. Total value traded through LSE was: £ 6,821,003,257 a change of 31.84%

22/03/2023 FTSE Closed at 7566 points. Change of 0.4%. Total value traded through LSE was: £ 5,173,752,790 a change of 1.87%

21/03/2023 FTSE Closed at 7536 points. Change of 1.8%. Total value traded through LSE was: £ 5,078,878,926 a change of -18.94%

20/03/2023 FTSE Closed at 7403 points. Change of 0.93%. Total value traded through LSE was: £ 6,265,515,535 a change of -57.61%

17/03/2023 FTSE Closed at 7335 points. Change of -1.01%. Total value traded through LSE was: £ 14,781,854,376 a change of 86.96%

16/03/2023 FTSE Closed at 7410 points. Change of 0.9%. Total value traded through LSE was: £ 7,906,260,016 a change of -5.19%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:AVCT Avacta** **LSE:CCL Carnival** **LSE:EME Empyrean** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:SDY Speedyhire** **

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Updated charts published on : Avacta, Carnival, Empyrean, ITM Power, Intertek, Speedyhire,

LSE:AML Aston Martin Close Mid-Price: 212.8 Percentage Change: -4.10% Day High: 226.9 Day Low: 210.5

Target met. Weakness on Aston Martin below 210.5 will invariably lead to ……..

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LSE:AVCT Avacta. Close Mid-Price: 113.5 Percentage Change: + 0.89% Day High: 116.5 Day Low: 108.5

In the event Avacta experiences weakness below 108.5 it calculates with a ……..

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LSE:CCL Carnival Close Mid-Price: 652.6 Percentage Change: -2.54% Day High: 681.8 Day Low: 648.2

If Carnival experiences continued weakness below 648.2, it will invariabl ……..

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LSE:EME Empyrean Close Mid-Price: 1.1 Percentage Change: -11.49% Day High: 1.1 Day Low: 1.1

Continued weakness against EME taking the price below 1.1 calculates as l ……..

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LSE:ITM ITM Power Close Mid-Price: 75.06 Percentage Change: -4.02% Day High: 78.98 Day Low: 72.92

In the event ITM Power experiences weakness below 72.92 it calculates wit ……..

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LSE:ITRK Intertek Close Mid-Price: 3923 Percentage Change: -1.97% Day High: 3997 Day Low: 3906

If Intertek experiences continued weakness below 3906, it will invariably ……..

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LSE:SDY Speedyhire Close Mid-Price: 33.25 Percentage Change: -0.75% Day High: 33.5 Day Low: 32.9

Weakness on Speedyhire below 32.9 will invariably lead to 31.7 with secon ……..

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

#FTSE #GOLD

I always had a soft spot for Radio 2’s Ken Bruce, if only because we attended the same primary school, tho’ quite a few years apart. His popular Popmaster quiz show had a question section, asking callers to name the year when something charted. Inevitably, callers were wrong, prompting the show host to utter “One Year Out!”, something which became a catchphrase.

Last weeks FTSE for Friday enacted something similar for ourselves, the potential Short position bouncing from 7205 points on Monday, whereas our secondary target was 7204 points. One Point Out and perhaps the bounce slightly above the 206 point drop implied the potential for strength, even though it was just one point.

And then came Wednesday…

Wednesday decided to trigger our converse Long scenario for the FTSE, the session successfully topping out at 7585 points. Our secondary target had been 7584 points. Again, One Point Out and a successful gain of 174 points.  Perhaps, by beating our gain target by a single point, it also implies the potential for strength.

The mad thing is, last Friday we successfully managed to define both the Low and the High for the coming week, something which wasn’t really our intention. But in producing targets for the near future, the ugly issue of time always appears. We always feel timeframes are a pretty major issue, whereas numbers rarely lie and simply open the door for patience. The aim in our Friday column is to look at both the Big Picture and immediate picture, trying to discover areas where both scenario create similar target levels. With this method, about the best we dare hope is a “within living memory” approach, one which thankfully works out fairly reliably.

But this is certainly the first time we can remember defining the highs and lows of a week on the market. Of course, we’re a little nervous decreeing strength is now upon as “One Point Out” doesn’t present the most confident argument of strength for the future, thanks to a single point only representing 0.13% of movement from a 7410 starting point!

Importantly, the FTSE still has not managed to regain a place above the Blue downtrend since 2018, a pity as this would be almost a “no brainer” signal to imply a cycle upward is expected. The immediate picture presents a scenario, where movement next above 7592 looks capable of dragging the index upward to an initial 7664 points with secondary, if bettered, an impressive 8067 points. If triggered, the market will require to slither below 7500 to make it suddenly unlikely. Maybe it all depends on whether the market intends to trap the FTSE within the Red tramlines on the chart above.

 

Our converse scenario for a short position actually looks more likely.

Trouble now below 7475 points should prove capable of triggering reversal to an initial 7451 points with secondary, if broken, down at 7406 points. Neither reversal potential “sticks the boot in” but there’s a serious issue if our secondary breaks as a visit to 7192 calculates as possible!

 

Have a good weekend. No Formula 1, so expect a boring one.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:51:42PM	BRENT	75.26	74.76	74.565		75.9	77.16	77.725		75.82
9:54:37PM	GOLD	1994.1	1963	1949		1984	2004	2011		1988	‘cess
9:56:49PM	FTSE	7455.9	7412	7367		7465	7463	7475		7428	‘cess
9:59:12PM	STOX50	4181.3	4154	4148		4182	4218	4246		4173	Shambles
10:03:50PM	GERMANY	15144	15007	14950		15159	15159	15223		15113	‘cess
10:06:43PM	US500	3955.84	3936	3911		3955	3986	4008		3957
10:43:11PM	DOW	32118	31832	31618		32170	32247	32400		32061
10:45:15PM	NASDAQ	12710	12584	12442		12750	12814	12865		12710
10:47:01PM	JAPAN	27316	27168	27105		27370	27389	27476		27305

 

23/03/2023 FTSE Closed at 7499 points. Change of -0.89%. Total value traded through LSE was: £ 6,821,003,257 a change of 31.84%

22/03/2023 FTSE Closed at 7566 points. Change of 0.4%. Total value traded through LSE was: £ 5,173,752,790 a change of 1.87%

21/03/2023 FTSE Closed at 7536 points. Change of 1.8%. Total value traded through LSE was: £ 5,078,878,926 a change of -18.94%

20/03/2023 FTSE Closed at 7403 points. Change of 0.93%. Total value traded through LSE was: £ 6,265,515,535 a change of -57.61%

17/03/2023 FTSE Closed at 7335 points. Change of -1.01%. Total value traded through LSE was: £ 14,781,854,376 a change of 86.96%

16/03/2023 FTSE Closed at 7410 points. Change of 0.9%. Total value traded through LSE was: £ 7,906,260,016 a change of -5.19%

15/03/2023 FTSE Closed at 7344 points. Change of -3.84%. Total value traded through LSE was: £ 8,338,790,623 a change of 43.77%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:AVCT Avacta** **LSE:CCL Carnival** **LSE:SMT Scottish Mortgage Investment Trust** **

********

Updated charts published on : Aston Martin, Avacta, Carnival, Scottish Mortgage Investment Trust,

LSE:AML Aston Martin Close Mid-Price: 221.9 Percentage Change: -0.89% Day High: 228 Day Low: 217.3

Below 216 still indicates 213 with some bounce potentials but, if broken, ……..

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LSE:AVCT Avacta Close Mid-Price: 112.5 Percentage Change: -5.06% Day High: 117.5 Day Low: 111

Continued weakness against AVCT taking the price below 111 calculates as ……..

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LSE:CCL Carnival. Close Mid-Price: 669.6 Percentage Change: + 0.27% Day High: 686 Day Low: 650.8

Movement now below 650 suggests coming weakness to 600 and hopefully a bou ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 670 Percentage Change: + 2.17% Day High: 670.8 Day Low: 643.8

If Scottish Mortgage Investment Trust experiences continued weakness belo ……..

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

#SP500 #Japan225

The former boss of Sainsbury blamed Brexit for “horribly hurting” supermarkets, doubtless pausing his perusal of “Which Private Jet” to feed a clickbait headline. There can be little doubt UK supermarkets are guilty of profiteering at present, something anyone who’s been involved with retail will know. Even Lidl, while issuing a robust response to the accusation, failed to offer any defence to their price rises when presented with examples. At risk of going “Daily Mail”, they’re all at it.

Or are they?

Folk who’ve been active in retail at a senior level learn fairly quickly how easy it is to make enhanced profits in time of turmoil. Oil tanker drivers on strike, forecourts closed? Record profits. Sugar shortages across the UK, record profits. Power cuts restricting trading hours, record profits. Hot weather causing ice cream shortages, record profits. The list is literally endless with Lockdown being a conspicuous exception to the rule. Except those business which survived are being afforded the chance to get away with boosting prices without any real criticism. One oddball to these scenario is our local petrol station here in Argyll, their forecourt prices proving sufficient to justify paying the return vehicle trip from the mainland. Their secret, a fabulous grocery section and a captive market where they quickly realise any error in pricing.

To be mildly ridiculous, when milk moved from £1.10 to £1.90 for the four pint cartons, folk stopped buying, the price came down. The first warning sign came on a Sunday evening, the dairy shelves usually an empty desert awaiting Mondays deliveries. But as the price was gouged upward, a frantic run to buy milk for the next days latte discovered shelves still full of product.

 

With Tesco, given their position as one of the leading profiteers in groceries and fuel, common sense demands we should anticipate continued record profits for the company, presumably with commensurate gains in the company share price. After all, “hope” tends prove to be a powerful aphrodisiac for traders who’ll cheerfully assume happy days are here to stay.

The immediate situation allows a scenario, where Tesco exceeding 264p should now trigger price growth to an initial 280p with our longer term secondary, if bettered, at a future 312p and price levels not seen since 2014. This game plan should be fascinating, even allowing for a third target level of 346p should Tesco prove sufficiently strong to close above the Blue downtrend.

 

For everything to go wrong, Tesco share price needs below Red on the chart as such a situation makes reversal to 135p exceedingly probable.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:41:27PM	BRENT	75.59									‘cess
9:43:19PM	GOLD	1970.38									Success
9:46:30PM	FTSE	7515.77
9:48:43PM	STOX50	4161.3									‘cess
9:51:38PM	GERMANY	15116									Shambles
10:06:39PM	US500	3945.62	3935	3909	3864	3977	4016	4019	4047	3994	Success
10:08:38PM	DOW	32107									Shambles
10:11:00PM	NASDAQ	12592									Success
10:12:52PM	JAPAN	27245	27193	27105	26935	27380	27487	27527	27637	27380	‘cess

 

22/03/2023 FTSE Closed at 7566 points. Change of 0.4%. Total value traded through LSE was: £ 5,173,752,790 a change of 1.87%

21/03/2023 FTSE Closed at 7536 points. Change of 1.8%. Total value traded through LSE was: £ 5,078,878,926 a change of -18.94%

20/03/2023 FTSE Closed at 7403 points. Change of 0.93%. Total value traded through LSE was: £ 6,265,515,535 a change of -57.61%

17/03/2023 FTSE Closed at 7335 points. Change of -1.01%. Total value traded through LSE was: £ 14,781,854,376 a change of 86.96%

16/03/2023 FTSE Closed at 7410 points. Change of 0.9%. Total value traded through LSE was: £ 7,906,260,016 a change of -5.19%

15/03/2023 FTSE Closed at 7344 points. Change of -3.84%. Total value traded through LSE was: £ 8,338,790,623 a change of 43.77%

14/03/2023 FTSE Closed at 7637 points. Change of 1.18%. Total value traded through LSE was: £ 5,799,952,343 a change of -34.08%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:CASP Caspian** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **

********

Updated charts published on : Barclays, BALFOUR BEATTY, Lloyds Grp., Natwest,

LSE:BARC Barclays Close Mid-Price: 142.66 Percentage Change: -0.34% Day High: 147.84 Day Low: 140.68

Further movement against Barclays ABOVE 147.84 should improve acceleratio ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 364.8 Percentage Change: + 2.30% Day High: 376.4 Day Low: 355.8

All BALFOUR BEATTY needs are mid-price trades ABOVE 376.4 to improve acce ……..

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LSE:CASP Caspian. Close Mid-Price: 6.25 Percentage Change: + 0.81% Day High: 6.25 Day Low: 6.15

In the event Caspian experiences weakness below 6.15 it calculates with a ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 47.77 Percentage Change: -0.82% Day High: 49.04 Day Low: 47.7

All Lloyds Grp. needs are mid-price trades ABOVE 49.04 to improve acceler ……..

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LSE:NWG Natwest Close Mid-Price: 269.2 Percentage Change: -1.17% Day High: 280.2 Day Low: 269.5

Target met. Continued trades against NWG with a mid-price ABOVE 280.2 sho ……..

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