Trends And Targets

#Gold #WallSt Not since a dragon escaped from the vaults of Gringotts,  JK Rowling’s famed Swiss bank branch in the Harry Potter series, have we seen a Swiss bank cause such turmoil in the marketplace. Which is a bit strange, ‘cos no-one noticed a dragon soaring over Zurich with a bag marked “swag”. Of course, blame is being attached to Silicon Valley Bank for propagating this mess but the reality is quite different. The writing has been on the wall for Credit Suisse since 2016!

Much is being made of the banks share price being at an all time low, conveniently forgetting it has been at an all time low since June of 2022. Even at the worst of the 2009 banking crisis, the lowest their share price achieved was $18, a number it fell below in 2018 and failed to recover from.

Perhaps it shall prove the share price is now in an endgame toward a final bottom capable of provoking a real bounce. Closing on Wednesday at 2.28 dollars, weakness next below $1.75 looks painfully capable of heading down again, next time to $1.50 with our secondary, if such a target level breaks, calculating at $0.27 and an ultimate bottom, if only because we cannot continue this limbo dance under such a level. Our reason for mentioning this ridiculous sounding target stems from the 9p low achieved by Natwest (Royal Bank of Scotland) back in 2009. No sane person would’ve anticipated a “respected” banking share such as Natwest hitting such a low yet, in the spirit of true banking sector competence, it managed it. While Natwest share price has failed to produce a “multi bagger recovery” (currently trading around 261p, actually around 26.1p which price consolidation is accounted for), it’s also fair to say Natwest has never broken the 9p level again. It did come painfully close in 2020 during Lockdown.

Maybe it’s the case where Credit Suisse shall prove a worthwhile watch, just in case it enacts something ridiculous and hits our $0.27 level. After all, they’re a respectable, well known bank, one which the Swiss Govt appear happy to guarantee in the current crisis. Who knows, perhaps JK Rowling moved some of her petty cash holdings to an account with another bank, thus causing a liquidity issue.

 

We’re not (yet) convinced SVB and CS are the first two dominoes falling, kicking off yet another financial crisis. Many of the share price and index falls experienced across the wider market proved to be arithmetically correct from our perspective, this tending to be a sign behaviour may prove artificial.

If we opt to zoom in on Credit Suisse, it’s apparently the case where above 2.25 dollars should trigger recovery to an initial $2.54 with secondary, if bettered, working out at a possible game changing $3.14, a share price value which (if exceeded) makes gains available in larger increments.

In summary, we suspect this shall prove worth keeping an eye on as there’s a certain attraction in hoping it shall produce a viable long position, essentially anywhere between our two drop target levels. The only major problem is an inability to recommend any sort of stop loss level, other than zero.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:14:54PM	BRENT	74.11									Success
11:17:05PM	GOLD	1921.44	1908	1902	1890	1921	1929	1937	1945	1917	Success
11:20:13PM	FTSE	7387									Success
11:23:31PM	STOX50	4086.4									Success
11:25:34PM	GERMANY	14891.5									Success
11:28:16PM	US500	3896									‘cess
11:30:53PM	DOW	31882.4	31677	31502	31232	31929	31974	32157	32404	31697	‘cess
11:35:30PM	NASDAQ	12295									‘cess
11:40:51PM	JAPAN	26782									Success

 

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%

13/03/2023 FTSE Closed at 7548 points. Change of -2.58%. Total value traded through LSE was: £ 8,798,482,438 a change of 25.79%

10/03/2023 FTSE Closed at 7748 points. Change of -1.66%. Total value traded through LSE was: £ 6,994,694,563 a change of 6.35%

9/03/2023 FTSE Closed at 7879 points. Change of -0.63%. Total value traded through LSE was: £ 6,576,891,587 a change of 1.82%

8/03/2023 FTSE Closed at 7929 points. Change of 0.13%. Total value traded through LSE was: £ 6,459,565,037 a change of 19.23%

7/03/2023 FTSE Closed at 7919 points. Change of -0.13%. Total value traded through LSE was: £ 5,417,813,576 a change of -3.92%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:CCL Carnival** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:MMAG Music Magpie** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:SDY Speedyhire** **LSE:TLW Tullow** **

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Updated charts published on : Aston Martin, Asos, Aviva, Barclays, Carnival, Genel, Gulf Keystone, Glencore Xstra, British Airways, IG Group, IQE, Intertek, Music Magpie, Natwest, Ocado Plc, Speedyhire, Tullow,

LSE:AML Aston Martin Close Mid-Price: 240.4 Percentage Change: -8.35% Day High: 265.8 Day Low: 235

If Aston Martin experiences continued weakness below 235, it will invariab ……..

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LSE:ASC Asos Close Mid-Price: 784.5 Percentage Change: -7.49% Day High: 846.5 Day Low: 771

Target Met. Travel now below 771 suggests a visit to an initial 698 with s ……..

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LSE:AV. Aviva Close Mid-Price: 407 Percentage Change: -5.04% Day High: 430 Day Low: 407.2

Target Met. Below 407 suggests coming weakness to 393p and a possible boun ……..

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LSE:BARC Barclays Close Mid-Price: 138.24 Percentage Change: -9.09% Day High: 152.42 Day Low: 138.06

Target Met. Now below 138p suggests a coming visit to 134p with secondary, ……..

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LSE:CCL Carnival Close Mid-Price: 636.4 Percentage Change: -8.96% Day High: 685 Day Low: 634.4

Target Met. Once again, an iceberg has appeared in front of this share pri ……..

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LSE:GENL Genel Close Mid-Price: 114.6 Percentage Change: -4.50% Day High: 121 Day Low: 114

Target Met. Now below 114 indicates reversal potentials to an initial 104 ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 171 Percentage Change: -7.27% Day High: 186.8 Day Low: 171

Target Met. This has gotten dodgy as below 171 now suggests a potential fo ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 412 Percentage Change: -10.72% Day High: 458.65 Day Low: 410.95

Target Met. This is at risk of digging itself a deep hole as below 410 sug ……..

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LSE:IAG British Airways Close Mid-Price: 133.64 Percentage Change: -7.61% Day High: 144.98 Day Low: 133.2

Target Met. Below 133 has the potential of reversal to 129 with secondary, ……..

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LSE:IGG IG Group Close Mid-Price: 695.5 Percentage Change: -9.91% Day High: 770.5 Day Low: 694

Target Met. Now below 694 risks reversal to around 684 and hopefully a bou ……..

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LSE:IQE IQE Close Mid-Price: 25.3 Percentage Change: -10.60% Day High: 28.15 Day Low: 24.9

Target Met. Now below 24 threatens reversal to an initial 19 with secondar ……..

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LSE:ITRK Intertek Close Mid-Price: 3950 Percentage Change: -2.32% Day High: 4045 Day Low: 3934

In the event Intertek experiences weakness below 3934, it calculates with ……..

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LSE:MMAG Music Magpie Close Mid-Price: 25 Percentage Change: -10.71% Day High: 28.2 Day Low: 25.5

This is troubling as weakness now below 25 suggests coming travel to an in ……..

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LSE:NWG Natwest Close Mid-Price: 261.8 Percentage Change: -5.69% Day High: 277.5 Day Low: 260.8

Target Met. It’s rare for a bandwagon to come along without Natwest jumpin ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 425 Percentage Change: -3.67% Day High: 440.4 Day Low: 406.6

Target Met. Continued weakness against OCDO taking the price below 406 cal ……..

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LSE:SDY Speedyhire Close Mid-Price: 33.55 Percentage Change: -2.04% Day High: 34.5 Day Low: 33.4

Now below 33 threatens a visit to an initial 31.7 with secondary, if broke ……..

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LSE:TLW Tullow Close Mid-Price: 29.38 Percentage Change: -9.21% Day High: 32.42 Day Low: 29.08

Continued weakness against TLW taking the price below 29 calculates as lea ……..

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

#FTSE #Stoxx50

Formerly known as Scottish & Southern Energy, SSE only enter our awareness here in Argyll, Scotland, when local campaigns are kicked off to protest against onshore windfarms or currently, a bunch of new electricity pylons across the hill behind our house and away into the distance. The problem with the pylons is one of size, apparently at least twice the size of the existing things.

However, this isn’t actually the greatest issue as the new pylons require a tree free corridor 100 metres above and below the line, essentially making forestry uneconomical. Perhaps the penny shall eventually drop of pine trees being not the only type of tree, deciduous trees making for more pleasing visuals.

 

It’s strange, the company once known as Hydro-Electric, appear to have entered consciousness as always being on the war path to destroy Scotlands scenery, originally with dams everywhere, then pylons and now wind farms and pylons. It’s pretty accurate to describe SSE Plc as a serial polluter of the picture postcard outlook, though, just along the road, there’s a lovely dam and generating station, both perfectly folded into the landscape. The massive blue pipes running down the mountain, not so much…

We had to grin at the police visiting a recent camp SSE established, a team of their engineers surveying the existing pylon route, along with what shall be needed to dismantle and remove existing hardware. The guys were keen to keep their visit low key, establishing themselves within a forest, out of sight from all passers by. Unfortunately, they also chose to haul their caravans and big all terrain trucks into the very place many local dog walkers favour, creating an immediate visual assumption travellers were attempting to establish a ‘wild camping’ site.

A recent fracas, following SSE moving its UK business into a Swiss holding company, provoked the following statement from the UK Labour party. Unusually for politicians, recent antics with electricity prices tend suggest Labour may (unusually) have rare point in their press release;

“The UK’s energy networks are vital strategic infrastructure on which we all rely. You cannot boil a kettle, heat your home or run a business without the grid. The idea that private owners, who have been ripping off the public, would move offshore in an attempt to prolong the rip-off illustrates just why we need the grid back in public hands.”

 

However, similar to many other companies indulging in profiteering currently, it looks like the markets anticipate positive profit levels for the future from SSE. It’s currently the case where price movement above 1,767 threatens to trigger fairly near term movement to 1,803p. Such a modest movement may prove important, taking the share price into a zone where Big Picture potentials become possible and bringing the suggestion movement above 1,803p should designate a future secondary at 1,909p and probable hesitation, if the visuals can be trusted.

However, share price closure above the discrete Blue line on the chart apparently calculates with a third level for the distant future at 2,078p and a new all time high.

To suggest everything is burning down, the share price needs below 1,630p as this allows reversal to an initial 1,487 with secondary, if broken, at 1,416 and hopefully a bounce.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:23:11PM	BRENT	77.33									‘cess
9:25:14PM	GOLD	1904.28
9:27:37PM	FTSE	7632.41	7582	7564	7537	7620	7644	7672	7729	7599	‘cess
9:29:32PM	STOX50	4175.7	4130	4118	4094	4170	4189	4200	4218	4152
9:59:39PM	GERMANY	15226									‘cess
10:01:38PM	US500	3920.85
10:04:16PM	DOW	32120
10:07:53PM	NASDAQ	12194.22									‘cess
10:09:41PM	JAPAN	27425									‘cess

 

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%

13/03/2023 FTSE Closed at 7548 points. Change of -2.58%. Total value traded through LSE was: £ 8,798,482,438 a change of 25.79%

10/03/2023 FTSE Closed at 7748 points. Change of -1.66%. Total value traded through LSE was: £ 6,994,694,563 a change of 6.35%

9/03/2023 FTSE Closed at 7879 points. Change of -0.63%. Total value traded through LSE was: £ 6,576,891,587 a change of 1.82%

8/03/2023 FTSE Closed at 7929 points. Change of 0.13%. Total value traded through LSE was: £ 6,459,565,037 a change of 19.23%

7/03/2023 FTSE Closed at 7919 points. Change of -0.13%. Total value traded through LSE was: £ 5,417,813,576 a change of -3.92%

6/03/2023 FTSE Closed at 7929 points. Change of -0.23%. Total value traded through LSE was: £ 5,638,585,361 a change of -4.78%

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:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:ITRK Intertek** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OPG OPG Power Ventures** **LSE:SDY Speedyhire** **LSE:SPT Spirent Comms** **

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Updated charts published on : Aviva, Astrazeneca, Carnival, Centrica, Genel, Gulf Keystone, Glencore Xstra, Intertek, Natwest, Ocado Plc, OPG Power Ventures, Speedyhire, Spirent Comms,

LSE:AV. Aviva. Close Mid-Price: 428.6 Percentage Change: + 1.01% Day High: 432.8 Day Low: 420.9

Target Met. Now below 420 suggests a visit to an initial 410 with secondar ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 10686 Percentage Change: + 0.00% Day High: 10730 Day Low: 10574

Weakness on Astrazeneca below 10574 will invariably lead to 9918 with seco ……..

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LSE:CCL Carnival. Close Mid-Price: 699 Percentage Change: + 1.72% Day High: 705.2 Day Low: 676.2

Continued weakness against CCL taking the price below 676 calculates as le ……..

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LSE:CNA Centrica. Close Mid-Price: 107.5 Percentage Change: + 3.42% Day High: 108 Day Low: 103.5

Further movement against Centrica ABOVE 108 should improve acceleration to ……..

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LSE:GENL Genel Close Mid-Price: 120 Percentage Change: -1.48% Day High: 120.6 Day Low: 119

In the event Genel experiences weakness below 119, it calculates with a dr ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 184.4 Percentage Change: + 0.99% Day High: 185.6 Day Low: 178

Target met or near enough. In the event Gulf Keystone experiences weakness ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 461.45 Percentage Change: + 0.60% Day High: 461 Day Low: 447.9

If Glencore Xstra experiences continued weakness below 447, it will invari ……..

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LSE:ITRK Intertek. Close Mid-Price: 4044 Percentage Change: + 0.45% Day High: 4071 Day Low: 3992

In the event Intertek experiences weakness below 3992, it calculates with ……..

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LSE:NWG Natwest. Close Mid-Price: 277.6 Percentage Change: + 1.98% Day High: 279.8 Day Low: 269

If Natwest experiences continued weakness below 269, it will invariably le ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 441.2 Percentage Change: + 4.11% Day High: 442.2 Day Low: 419

Continued weakness against OCDO taking the price below 419 calculates as l ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 9.6 Percentage Change: + 0.00% Day High: 9.9 Day Low: 9.6

All OPG Power Ventures needs are mid-price trades ABOVE 9.9 to improve acc ……..

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LSE:SDY Speedyhire. Close Mid-Price: 34.25 Percentage Change: + 1.03% Day High: 34.5 Day Low: 33.6

Target Met. Now below 34 threatens a visit to an initial 31.7 with seconda ……..

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LSE:SPT Spirent Comms Close Mid-Price: 173.6 Percentage Change: -1.31% Day High: 177.4 Day Low: 170.9

This isn’t looking great as continued traffic below 170 still indicates a ……..

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

#Gold #SP500

Judging by the media, the world is going to hell, due to a US bank failing. Markets across Europe appear to be taking Daily Mail headlines as “gospel” whereas in the US, where Silicon Valley Bank hails from, the markets appeared fairly relaxed and enjoyed a pretty typical Monday. HSBC even took the time to buy SVB Europe for a whole pound!

The burning question now, did we just see the first warning for severe turbulence ahead on the markets?

 

We’re not sure, is the inevitable answer, but suspect the response should be No.

On Monday, Wall St needed close below 31,760 points to enter a cycle which calculates with the potential of a further 1,000 point drop, perhaps even 2,000 points. Instead, some fancy manoeuvres in the closing stages of the day saw the index close the session at 31,819 points, still a resident of what passes for safety on the market and down by -0.28%. Around 7.30pm UK time, it was almost like a grown up had noticed what we about to happen and yanked a metaphorical handbrake. This behaviour makes us suspect Armageddon may not yet be waiting, especially as the FTSE managed reversal of -2.6% on the day.

 

And then, there is the S&P 500.

Similar to the DOW, the market for the S&P didn’t close Monday in dreadful territory, finishing the day ‘only’ down by 0.15%. It didn’t even achieve the accolade of a lower low, yet the German Dax successfully trashed itself by 3% for Monday. If we remain expectant of the worst yet to come, it is certainly the case should the S&P 500 wander below 3,855 points, reversal to an initial 3,746 is probable with secondary, if broken, at a dangerous 3,585 points. The use of the word dangerous is allowed, due to the index breaking below the uptrend since the 2020 pandemic low, finding itself exploring a zone where 2,686 calculates as providing an eventual bottom potential.

For a chance of surprise gains, the S&P needs resurrect itself above 3,967 points, hopefully capable of triggering movement to 4,060 with secondary, if beaten, at 4,228 points. This secondary is quite a big deal, restoring the index to Big Picture territory and a probable cycle uphill to 4,725 eventually.

And finally, there is the Bitcoin.

Monday was strange for the crypto, price movements proving a little ridiculous as we were being forced to regard the currency as ‘defensive’, irrational surges upward in a similar manner to that which happens with Gold, when the index’ are enjoying a grotty day. Quite how anyone could regard the value of Bitcoin or Gold as defensive, when share prices are going a little mad, should call into question the sanity of who’s making the statement. Around the world, there are still plenty of people ‘walking funny’ due to Bitcoin variations, making us question what will happen with Bitcoin if it is decided the 2nd largest banking collapse in US history is a little blot on the landscape, just capitalism doing its thing, to paraphrase the US president.

Certainly, if Bitcoin manages to stumble below 22,450 USD, it could now very easily tumble down to 17,498 with secondary, if broken, at 15,000 USD and hopefully a bounce.

We’re failing to yield to the temptation of optimism from Mondays movements as the phony currency needed close the session above 24,600 to achieve a realistic ‘higher high’. In such a scenario, we’d be forced to concede an initial target of 27,080 with secondary, if bettered, at 28,030 points. These numbers could prove transformative for the crypto, ticking the first of a series of boxes which allow an eventual visit to 46,900 USD and some hesitation.

 

For now, it feels like the world shall come to terms with the SVB collapse and we’d warn Bitcoin may face a bit of a thumping, due to this.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:25:16PM	BRENT	80.51								80.45	Success
9:29:04PM	GOLD	1914.07	1866	1849	1827	1889	1915	1933	1936	1881	Success
9:31:19PM	FTSE	7548.6									Success
9:34:16PM	STOX50	4096.9									Success
9:36:53PM	GERMANY	14967									Success
9:39:07PM	US500	3862.1	3807	3795	3747	3857	3906	3939	3983	3853	‘cess
10:02:46PM	DOW	31898									‘cess
10:05:45PM	NASDAQ	11941.07									‘cess
10:08:05PM	JAPAN	27458									Success

 

13/03/2023 FTSE Closed at 7548 points. Change of -2.58%. Total value traded through LSE was: £ 8,798,482,438 a change of 25.79%

10/03/2023 FTSE Closed at 7748 points. Change of -1.66%. Total value traded through LSE was: £ 6,994,694,563 a change of 6.35%

9/03/2023 FTSE Closed at 7879 points. Change of -0.63%. Total value traded through LSE was: £ 6,576,891,587 a change of 1.82%

8/03/2023 FTSE Closed at 7929 points. Change of 0.13%. Total value traded through LSE was: £ 6,459,565,037 a change of 19.23%

7/03/2023 FTSE Closed at 7919 points. Change of -0.13%. Total value traded through LSE was: £ 5,417,813,576 a change of -3.92%

6/03/2023 FTSE Closed at 7929 points. Change of -0.23%. Total value traded through LSE was: £ 5,638,585,361 a change of -4.78%

3/03/2023 FTSE Closed at 7947 points. Change of 0.04%. Total value traded through LSE was: £ 5,921,700,262 a change of -13.69%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:CCL Carnival** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:RBD Reabold Resources PLC** **LSE:RKH Rockhopper** **LSE:SMT Scottish Mortgage Investment Trust** **

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Updated charts published on : Aston Martin, Asos, Aviva, Barclays, Carnival, Genel, Gulf Keystone, Glencore Xstra, British Airways, IQE, Intertek, Natwest, Ocado Plc, Reabold Resources PLC, Rockhopper, Scottish Mortgage Investment Trust,

LSE:AML Aston Martin Close Mid-Price: 245.2 Percentage Change: -0.20% Day High: 258 Day Low: 238.2

If Aston Martin experiences continued weakness below 238.2, it will invar ……..

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LSE:ASC Asos Close Mid-Price: 822.5 Percentage Change: -0.96% Day High: 850 Day Low: 793

Weakness on Asos below 793 will invariably lead to 782 with secondary (if ……..

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LSE:AV. Aviva Close Mid-Price: 424.3 Percentage Change: -5.65% Day High: 451.1 Day Low: 425.5

Continued weakness against AV. taking the price below 425.5 calculates as ……..

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LSE:BARC Barclays Close Mid-Price: 147.48 Percentage Change: -6.31% Day High: 157.54 Day Low: 146.06

Target met. If Barclays experiences continued weakness below 146.06, it w ……..

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LSE:CCL Carnival Close Mid-Price: 687.2 Percentage Change: -7.68% Day High: 743.6 Day Low: 677.8

Continued weakness against CCL taking the price below 677.8 calculates as ……..

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LSE:GENL Genel Close Mid-Price: 121.8 Percentage Change: -1.93% Day High: 124.6 Day Low: 120

Target met. In the event Genel experiences weakness below 120 it calculat ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 182.6 Percentage Change: -4.70% Day High: 192 Day Low: 181.8

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LSE:GLEN Glencore Xstra Close Mid-Price: 458.7 Percentage Change: -3.02% Day High: 478.25 Day Low: 450.9

If Glencore Xstra experiences continued weakness below 450.9, it will inv ……..

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LSE:IAG British Airways Close Mid-Price: 142.62 Percentage Change: -3.80% Day High: 148.72 Day Low: 139.94

Target met. Continued weakness against IAG taking the price below 139.94 ……..

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LSE:IQE IQE Close Mid-Price: 26.05 Percentage Change: -6.46% Day High: 27.95 Day Low: 25.75

In the event IQE experiences weakness below 25.75 it calculates with a dr ……..

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LSE:ITRK Intertek Close Mid-Price: 4026 Percentage Change: -2.52% Day High: 4138 Day Low: 4044

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LSE:NWG Natwest Close Mid-Price: 272.2 Percentage Change: -4.83% Day High: 288.1 Day Low: 269.6

Target met. If Natwest experiences continued weakness below 269.6, it wil ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 423.8 Percentage Change: -6.05% Day High: 463.5 Day Low: 420.5

Target met. Continued weakness against OCDO taking the price below 420.5 ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.19 Percentage Change: -6.10% Day High: 0.2 Day Low: 0.19

Weakness on Reabold Resources PLC below 0.19 will invariably lead to 17p ……..

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LSE:RKH Rockhopper Close Mid-Price: 11.43 Percentage Change: -3.18% Day High: 13.1 Day Low: 11.6

Target met. In the event of Rockhopper enjoying further trades beyond 13. ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 674.6 Percentage Change: -0.53% Day High: 683.6 Day Low: 658

In the event Scottish Mortgage Investment Trust experiences weakness belo ……..

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

#Brent #Dax

We have reason to believe one of “our” local wildlife pets is a murderer. The suspect is Hagrid, a snowy owl and the victim (we think) was Sally, a wood pigeon. The only evidence, a crime scene of feathers in the rough outline of a pigeon, looking like an “easy to assemble” product from Ikea. Meanwhile, in the USA, a bank has collapsed!

The demise Silicon Valley Bank, the 2nd largest bank collapse in US history, is a bit of a worry. As 2008 taught everyone, when a bank goes down, there’s a great risk of contagion both within the sector and also, amongst companies who dealt with the suddenly deceased bank. Thankfully the bank was able to issue bonus payments to its employees in the hours before the collapse was announced… Inevitably, there’s liable to be rumbles through the market place as the depth of the damage becomes known. Perhaps it shall be the case where following events of 2008, central banks insisted banks strengthen their ability to survive disaster and hopefully, each dreadful and inevitable headline in the coming week shall only provoke short term market reversals until the true story is told.

But our inclination, overall, is to anticipate some turbulence in the week ahead, this event almost overshadowing the death of a pigeon.

 

In the case of Natwest, despite the breaking news on Friday, their share price proved fairly resilient and our inclination is to start worrying should it manage below 272p. Such a movement risks triggering near term reversal to around 262p with our secondary, if broken, at 238p. Visually, there is some hope for a bounce at the 262p level, unfortunately the manipulation gap on Friday causing some confusion as to where we’d normally hope for a bounce. Any bounce capable of allowing the price to close a session above Blue, presently 274p, ticks the first box in a series suggesting “panic is over”.

However, should 262p break, there’s a strong visual probability of a trip to 238p, capable of challenging the uptrend since 2020.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
5:03:25PM	BRENT	82.53	80.5	79.535	78.43	81.56	82.85	83.11	83.98	81.87
5:05:30PM	GOLD	1870.02								1852
5:08:01PM	FTSE	7682								7725
5:10:11PM	STOX50	4180.7								4211
5:11:49PM	GERMANY	15293	15269	15216	15122	15344	15498	15522	15606	15365
5:14:18PM	US500	3876								3862
5:16:18PM	DOW	32009								31921
5:18:20PM	NASDAQ	11872								11958
5:20:03PM	JAPAN	27776								28056

 

10/03/2023 FTSE Closed at 7748 points. Change of -1.66%. Total value traded through LSE was: £ 6,994,694,563 a change of 6.35%

9/03/2023 FTSE Closed at 7879 points. Change of -0.63%. Total value traded through LSE was: £ 6,576,891,587 a change of 1.82%

8/03/2023 FTSE Closed at 7929 points. Change of 0.13%. Total value traded through LSE was: £ 6,459,565,037 a change of 19.23%

7/03/2023 FTSE Closed at 7919 points. Change of -0.13%. Total value traded through LSE was: £ 5,417,813,576 a change of -3.92%

6/03/2023 FTSE Closed at 7929 points. Change of -0.23%. Total value traded through LSE was: £ 5,638,585,361 a change of -4.78%

3/03/2023 FTSE Closed at 7947 points. Change of 0.04%. Total value traded through LSE was: £ 5,921,700,262 a change of -13.69%

2/03/2023 FTSE Closed at 7944 points. Change of 34.33%. Total value traded through LSE was: £ 6,861,176,489 a change of -1.62%

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:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:CCL Carnival** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:OCDO Ocado Plc** **LSE:RKH Rockhopper** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **

********

Updated charts published on : Astrazeneca, Barclays, Carnival, Glencore Xstra, British Airways, IQE, Intertek, Ocado Plc, Rockhopper, Scottish Mortgage Investment Trust, Tern Plc, Tesco,

LSE:AZN Astrazeneca Close Mid-Price: 10698 Percentage Change: -1.55% Day High: 10994 Day Low: 10590

Weakness on Astrazeneca below 10590 will invariably lead to 9918 with sec ……..

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LSE:BARC Barclays Close Mid-Price: 157.42 Percentage Change: -3.67% Day High: 159 Day Low: 151.28

Target met. Continued weakness against BARC taking the price below 151.28 ……..

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LSE:CCL Carnival Close Mid-Price: 744.4 Percentage Change: -3.82% Day High: 753.2 Day Low: 709

Weakness on Carnival below 709 will invariably lead to 642 with secondary ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 473 Percentage Change: -0.08% Day High: 475.35 Day Low: 455.5

Target met. Continued weakness against GLEN taking the price below 455.5 ……..

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LSE:IAG British Airways Close Mid-Price: 148.26 Percentage Change: -3.33% Day High: 150.2 Day Low: 147.04

Target met. In the event British Airways experiences weakness below 147. ……..

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LSE:IQE IQE Close Mid-Price: 27.85 Percentage Change: -3.97% Day High: 29.8 Day Low: 26.1

Weakness on IQE below 26.1 will invariably lead to 25p with secondary (if ……..

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LSE:ITRK Intertek Close Mid-Price: 4130 Percentage Change: -1.71% Day High: 4202 Day Low: 4108

Continued weakness against ITRK taking the price below 4108 calculates as ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 451.1 Percentage Change: -6.53% Day High: 471 Day Low: 448.7

Target met. In the event Ocado Plc experiences weakness below 448.7 it ca ……..

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LSE:RKH Rockhopper. Close Mid-Price: 11.8 Percentage Change: + 7.27% Day High: 12 Day Low: 10.6

Further movement against Rockhopper ABOVE 12 should improve acceleration ……..

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LSE:SMT Scottish Mortgage Investment Trust Close Mid-Price: 678.2 Percentage Change: -3.31% Day High: 692.8 Day Low: 668.4

Continued weakness against SMT taking the price below 668.4 calculates as ……..

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LSE:TERN Tern Plc Close Mid-Price: 6.25 Percentage Change: -7.41% Day High: 7 Day Low: 6.25

Target met. If Tern Plc experiences continued weakness below 6.25, it wil ……..

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LSE:TSCO Tesco Close Mid-Price: 259.6 Percentage Change: -1.22% Day High: 264 Day Low: 257.8

All Tesco needs are mid-price trades ABOVE 264 to improve acceleration to ……..

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

#FTSE #Gold

There’s a need for a word to describe a new social phenomena. It used to be the case, when you bump into someone you’d smile and exchange the usual greetings. Nowadays, there’s a different greeting, the “ear tap” as folk frantically try to mute whatever is playing in their earpiece before they speak. Since falling victim to cordless ear buds at Xmas, it eventually dawned most people struggle at shutting the things down, the desperation for silence increasingly provoking an awkward ear dance as folk completely forget the ear piece can simply be removed.

There’s a degree of similarity with Brent crude currently, two lines converging on a chart with the market looking unable to decide what to do!

 

On the chart below, there’s the Red line since the gory days of 2020. The price of Brent has been struggling with this uptrend since last December, frantically trying not to break it and thus giving the markets a clue as to direction. And then there is the Blue line since a year ago, the artificial high blamed on Moscow but in reality, it was a trend which commenced a year earlier when the price of crude oil managed to exceed the cost of Brent crude, pre-pandemic. While the Russia thing undoubtedly caused a spike, the uptrend was absolutely nothing to do with hostilities in Ukraine. The visuals below tell their own story.

There’s a tiny little circled area on the chart, a point where intraday traffic pierced the Red line during two sessions but extreme case was taken to ensure the value of Brent crude closed above Red on the 8th and 9th December last year. This may be taken as early warning for future trouble, the market conceding the uptrend can be broken during a session but also extremely careful to ensure the uptrend remained in place. The implication, should we take this as a signal for danger, is a suggestion where weakness now below just $80.7 should trigger oil to drip down to 76.5 next with secondary, if broken, at 70 dollars. We’d be inclined to anticipate a bounce at the 70 dollar level, given such a drop ambition matches the high before the pandemic happened. There’s absolutely no logic we can suggest where this would make any sense, it’s just how things sometimes work.

Our alternate scenario for a gain is simply based on arithmetic.

Should Brent manage to somehow drip upwards, it now needs above $88 to suggest coming travel to $93 with secondary, if bettered, at $100.

Finally, there’s something else we need to mention. The chart visuals imply Brent crude should be forced to make a defining movement anytime in the next week or so, due to the convergence of the two trend lines. There’s absolutely no rule which demands this shall happen and sometimes, commonly with AIM shares which are awaiting important news, a share price will boringly drift through the trend lines and continue bumbling along which doing nothing useful. But in the case of Brent, should it stumble below 80.7 dollars, a short looks logical, one with a pretty tight stop.

 

FTSE for FRIDAY Given the FTSE has been effectively becalmed for the last few weeks,  it’s increasingly uncomfortable trying to get a feel of market direction but, as usual, we’ll give it a stab! At time of writing, the index (always remember, we’re talking the FTSE 100, not after hours futures) is at 7879 points, needing below 7859 points to risk triggering reversal to an initial 7793 points with secondary, if broken, down at 7742 points and visually a rebound. We fairly relaxed at these relaxation potentials as the index needs below 7600 points (Blue) before justifying panic. If triggered, the tightest stop loss level looks like 7900 points.

Our alternate scenario for a market gain seems pretty straightforward as above 7920 looks capable of triggering movement to an initial modest 7969 points with secondary, if bettered, a more useful 8005 points.

 

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
10:17:29PM	BRENT	81.34	81.2	80.81		82.3	83.78	84.32		82.6
10:20:09PM	GOLD	1830.82	1812	1806		1821	1837	1842		1827	‘cess
10:22:50PM	FTSE	7821.35	7806	7791		7850	7898	7933		7860	Success
10:25:08PM	STOX50	4238.5	4227	4218		4247	4268	4275		4244	‘cess
10:48:15PM	GERMANY	15499.54	15474	15403		15563	15667	15735		15570
10:51:33PM	US500	3915.42	3907	3888		3933	3965	3970		3936	‘cess
10:59:38PM	DOW	32230.6	32146	31995		32352	32560	32668		32315	Success
11:02:18PM	NASDAQ	11981	11964	11904		12112	12144	12190		12044	Success
11:05:06PM	JAPAN	29032	28206	28081		28417	28729	28779		28458

 

9/03/2023 FTSE Closed at 7879 points. Change of -0.63%. Total value traded through LSE was: £ 6,576,891,587 a change of 1.82%

8/03/2023 FTSE Closed at 7929 points. Change of 0.13%. Total value traded through LSE was: £ 6,459,565,037 a change of 19.23%

7/03/2023 FTSE Closed at 7919 points. Change of -0.13%. Total value traded through LSE was: £ 5,417,813,576 a change of -3.92%

6/03/2023 FTSE Closed at 7929 points. Change of -0.23%. Total value traded through LSE was: £ 5,638,585,361 a change of -4.78%

3/03/2023 FTSE Closed at 7947 points. Change of 0.04%. Total value traded through LSE was: £ 5,921,700,262 a change of -13.69%

2/03/2023 FTSE Closed at 7944 points. Change of 34.33%. Total value traded through LSE was: £ 6,861,176,489 a change of -1.62%

1/03/2023 FTSE Closed at 5914 points. Change of -24.91%. Total value traded through LSE was: £ 6,974,404,128 a change of -21.96%

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:AV. Aviva** **LSE:BARC Barclays** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:OCDO Ocado Plc** **LSE:OPG OPG Power Ventures** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:TLW Tullow** **LSE:TSCO Tesco** **

********

Updated charts published on : Aviva, Barclays, Gulf Keystone, Glencore Xstra, IQE, Ocado Plc, OPG Power Ventures, Rockhopper, Rolls Royce, Tullow, Tesco,

LSE:AV. Aviva. Close Mid-Price: 462.4 Percentage Change: + 2.73% Day High: 467.3 Day Low: 458.9

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LSE:BARC Barclays Close Mid-Price: 163.42 Percentage Change: -3.23% Day High: 167.72 Day Low: 162.36

Weakness on Barclays below 162.36 will invariably lead to 158 with second ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 192.4 Percentage Change: -4.99% Day High: 201 Day Low: 186.6

Continued weakness against GKP taking the price below 186.6 calculates as ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 473.4 Percentage Change: -2.76% Day High: 486.45 Day Low: 471.25

In the event Glencore Xstra experiences weakness below 471.25 it calculat ……..

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LSE:IQE IQE Close Mid-Price: 29 Percentage Change: -37.97% Day High: 37.65 Day Low: 29.3

If IQE experiences continued weakness below 29.3, it will invariably lead ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 482.6 Percentage Change: -4.32% Day High: 502.6 Day Low: 484.3

If Ocado Plc experiences continued weakness below 484.3, it will invariab ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 9.8 Percentage Change: + 8.89% Day High: 9.8 Day Low: 9.4

All OPG Power Ventures needs are mid-price trades ABOVE 9.8 to improve ac ……..

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LSE:RKH Rockhopper. Close Mid-Price: 11 Percentage Change: + 5.26% Day High: 11.4 Day Low: 10.5

Target met. Continued trades against RKH with a mid-price ABOVE 11.4 shou ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 158.04 Percentage Change: + 0.75% Day High: 160 Day Low: 155.18

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LSE:TLW Tullow. Close Mid-Price: 32.74 Percentage Change: + 3.94% Day High: 33.26 Day Low: 30.2

Target met. Continued weakness against TLW taking the price below 30.2 ca ……..

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LSE:TSCO Tesco. Close Mid-Price: 262.8 Percentage Change: + 0.88% Day High: 262.7 Day Low: 259.8

Continued trades against TSCO with a mid-price ABOVE 262.7 should improve ……..

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

#gold #Nasdaq

A plaintive email reminded us we’d reviewed Yellow Cake Plc last year and in the time since, the share price successfully achieved both our targets. We’d recommend a visit to the “About” section of the company website for clear and straightforward information about the company business model. But do investors really want exposed to uranium?

 

With ever increasing positive attitude toward the nuclear power industry, it’s easy to suspect it’s a product whose time is coming, so once again we shall focus on the positive potentials, especially as the Red uptrend since 2020 appears to be providing a rather solid line, making it clear the company needs close a session below 365p currently to give an early clue for coming problems. Certainly, today here in Argyll, the freezing temperatures coupled with the exorbitant cost of heating oil reminded cheap green energy should be available, only lacking a political will.

To be honest, the focus on energy  was also driven by a personal ToDo list, felling four Holly trees. A funny thing about Holly trees is the leaf. Those closer to the ground are the typical spikey things which hurt, the trees natural defence against wild deer grazing. However, at the higher extremes of the tree, leaves are non jaggy, just normal tree leaves and unlikely to draw blood. Another nice thing about the Holly is the hard and heavy wood doesn’t really need seasoned, capable of being burnt immediately (but definitely better after 6 months drying). And from the perspective of someone who can’t be bothered chopping logs, catch a Holly tree when it’s about 10 metres high and the trunk is just the right thickness to be sliced by a chainsaw without challenging a wood burner’s door.

All things considered, we rather dislike the current high energy price regime!

 

For Yellow Cake Plc, their share price need only exceed Blue on the chart, currently 425p, to ideally enter a cycle to 441p next with secondary, if exceeded, at 457p and the potential of a major change in the long term prospects for the share price.

Above 457p currently looks capable of powering the share price toward a future 537p and a new all time high. Hopefully the company avoid any pitfalls.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:13:01PM	BRENT	82.33
9:15:29PM	GOLD	1813.17	1809	1799	1785	1818	1825	1830	1837	1815
9:18:44PM	FTSE	7933.24									‘cess
9:37:35PM	STOX50	4298.3
9:39:47PM	GERMANY	15657.86
9:41:32PM	US500	3995.57
9:45:20PM	DOW	32812									‘cess
9:47:21PM	NASDAQ	12223	12097	12003	11846	12205	12243	12259	12313	12195
9:50:14PM	JAPAN	28617									Success

 

8/03/2023 FTSE Closed at 7929 points. Change of 0.13%. Total value traded through LSE was: £ 6,459,565,037 a change of 19.23%

7/03/2023 FTSE Closed at 7919 points. Change of -0.13%. Total value traded through LSE was: £ 5,417,813,576 a change of -3.92%

6/03/2023 FTSE Closed at 7929 points. Change of -0.23%. Total value traded through LSE was: £ 5,638,585,361 a change of -4.78%

3/03/2023 FTSE Closed at 7947 points. Change of 0.04%. Total value traded through LSE was: £ 5,921,700,262 a change of -13.69%

2/03/2023 FTSE Closed at 7944 points. Change of 34.33%. Total value traded through LSE was: £ 6,861,176,489 a change of -1.62%

1/03/2023 FTSE Closed at 5914 points. Change of -24.91%. Total value traded through LSE was: £ 6,974,404,128 a change of -21.96%

28/02/2023 FTSE Closed at 7876 points. Change of -0.74%. Total value traded through LSE was: £ 8,937,075,687 a change of 69.5%

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:AVCT Avacta** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:FRES Fresnillo** **LSE:OCDO Ocado Plc** **LSE:OPG OPG Power Ventures** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:TLW Tullow** **

********

Updated charts published on : Avacta, Carclo, Caspian, Fresnillo, Ocado Plc, OPG Power Ventures, Rockhopper, Rolls Royce,

LSE:AVCT Avacta. Close Mid-Price: 128.5 Percentage Change: + 1.98% Day High: 128.5 Day Low: 121

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LSE:CAR Carclo. Close Mid-Price: 15.28 Percentage Change: + 11.09% Day High: 16 Day Low: 14.5

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LSE:CASP Caspian Close Mid-Price: 6.7 Percentage Change: -4.29% Day High: 6.7 Day Low: 6.25

Target met. Continued weakness against CASP taking the price below 6.25 c ……..

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LSE:FRES Fresnillo. Close Mid-Price: 713.6 Percentage Change: + 0.73% Day High: 724.2 Day Low: 701.2

Target met. In the event Fresnillo experiences weakness below 701.2 it ca ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 504.4 Percentage Change: -0.12% Day High: 507.6 Day Low: 485.2

Target met. Weakness on Ocado Plc below 485.2 will invariably lead to 468 ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 9 Percentage Change: + 5.88% Day High: 9.75 Day Low: 8.65

Target met. In the event of OPG Power Ventures enjoying further trades be ……..

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LSE:RKH Rockhopper Close Mid-Price: 10.45 Percentage Change: -1.42% Day High: 10.9 Day Low: 10

All Rockhopper needs are mid-price trades ABOVE 10.9 to improve accelerat ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 156.86 Percentage Change: + 2.40% Day High: 158.8 Day Low: 154.28

Continued trades against RR. with a mid-price ABOVE 158.8 should improve ……..

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LSE:TLW Tullow Close Mid-Price: 31.5 Percentage Change: -8.06% Day High: 35.36 Day Low: 31.16

Weakness on Tullow below 31.16 will invariably lead to 30p with secondary ……..

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

#FTSE #DOW

There have been some quite strange price movements with Wood over recent sessions, sufficient to provoke a few emails and a quick look at the news. It appears the oilfield services and engineering company are enjoying the buyout intentions of a private-equity firm, Apollo Global, apparently the 4th approach they’ve made to the company.

As the chart inset shows, it appears clear the market has little idea on how to handle the changing value being allocated to the share price, two major upward gaps in the last couple of weeks giving plenty of visual evidence. However, with the share price being gapped above the ruling downtrend since 2018, some hope exists the company believes it’s worth more than the current offer of 237p per share.

 

Above 228p should prove interesting, calculating as entering a cycle to an initial 308p with secondary, if bettered, at 376p. Both these ambitions are pretty important, nudging the share price above the glass ceiling which exists  around the 255p level and visually, creating a new ball game.  This share price has not yet even attained the high of 2020, prior to the Covid-19 drop, and only when share prices return to such a level, the artificial damage inflicted on many shares is liable to be undone. Until such a point, there’s a very real risk of share prices being regarded as “cheap” by those predators with shopping bags full of cash.

We should probably also mention, share price closure above this glass ceiling level of 255p changes our calculations from a Big Picture perspective as a distant 620p shall be regarded as presenting a long term attraction. Visually, it doesn’t look daft.

Finally, one important detail which was almost easy to overlook.

Once the market opted to gap this share above the downtrend, it removed it from a frightening region, one where we had been able to calculate an ultimate bottom of a ridiculous 38p!

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:34:00PM	BRENT	82.79									Success
10:35:49PM	GOLD	1814.09									Success
10:38:14PM	FTSE	7903.26	7895	7883	7856	7925	7936	7945	7964	7909	Shambles
10:40:11PM	STOX50	4275.7									Success
10:42:54PM	GERMANY	15536.24									Shambles
10:53:58PM	US500	3987.97									Success
10:56:48PM	DOW	32861	32830	32722	32463	32975	32980	33134	33238	32850	Success
10:59:12PM	NASDAQ	12161.24									‘cess
11:01:09PM	JAPAN	28194									Success

 

7/03/2023 FTSE Closed at 7919 points. Change of -0.13%. Total value traded through LSE was: £ 5,417,813,576 a change of -3.92%

6/03/2023 FTSE Closed at 7929 points. Change of -0.23%. Total value traded through LSE was: £ 5,638,585,361 a change of -4.78%

3/03/2023 FTSE Closed at 7947 points. Change of 0.04%. Total value traded through LSE was: £ 5,921,700,262 a change of -13.69%

2/03/2023 FTSE Closed at 7944 points. Change of 34.33%. Total value traded through LSE was: £ 6,861,176,489 a change of -1.62%

1/03/2023 FTSE Closed at 5914 points. Change of -24.91%. Total value traded through LSE was: £ 6,974,404,128 a change of -21.96%

28/02/2023 FTSE Closed at 7876 points. Change of -0.74%. Total value traded through LSE was: £ 8,937,075,687 a change of 69.5%

27/02/2023 FTSE Closed at 7935 points. Change of 0.72%. Total value traded through LSE was: £ 5,272,651,300 a change of -17.32%

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:CASP Caspian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:OCDO Ocado Plc** **LSE:RKH Rockhopper** **LSE:SPT Spirent Comms** **

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Updated charts published on : Aston Martin, Caspian, EasyJet, Foxtons, Ocado Plc, Rockhopper, Spirent Comms,

LSE:AML Aston Martin. Close Mid-Price: 297 Percentage Change: + 7.57% Day High: 307 Day Low: 274.9

Further movement against Aston Martin ABOVE 307 should improve accelerati ……..

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LSE:CASP Caspian Close Mid-Price: 7 Percentage Change: -9.68% Day High: 7.9 Day Low: 6.6

This has gotten a little dodgy as below 6.6 now looks capable of 6.2 next ……..

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LSE:EZJ EasyJet. Close Mid-Price: 520.8 Percentage Change: + 0.89% Day High: 527 Day Low: 512

All EasyJet needs are mid-price trades ABOVE 527 to improve acceleration ……..

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LSE:FOXT Foxtons. Close Mid-Price: 42.1 Percentage Change: + 2.18% Day High: 43.45 Day Low: 41

Continued trades against FOXT with a mid-price ABOVE 43.45 should improve ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 505 Percentage Change: -4.68% Day High: 532.8 Day Low: 502.8

Continued weakness against OCDO taking the price below 502.8 calculates a ……..

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LSE:RKH Rockhopper. Close Mid-Price: 10.6 Percentage Change: + 5.79% Day High: 10.7 Day Low: 10.1

Something is happening. Above 10.7 now suggests recovery to an initial 11 ……..

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LSE:SPT Spirent Comms Close Mid-Price: 180.5 Percentage Change: -14.45% Day High: 193 Day Low: 175.5

Currently this needs a bit of a miracle above 191p to suggest surprise rec ……..

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