Lloyds Banking Group (LSE:LLOY) with results looming

#Brent #Stoxx50 It’s hard to feel irritated at the news a further tranche of bank branches are being closed. Growing up with the family business being retail, I think we all became inured to the odious task of depositing the takings at the bank, the thrill of dropping off 5 figure cash amounts on a Monday morning quickly becoming a job everyone tried to avoid. It wasn’t for security reasons or anything so sensible, just a case everyone hated the job and, to be fair, it’s probable the bank staff felt the same way. Thankfully, credit card readers quickly caught on, massively reducing the cash headache from the petrol stations and allowing the daily “bank run” to become a task for a couple of times a week.

So when news broke the biggest bank branch in our local small town was closing, along with invitations to “sign” the inevitable petition, it was difficult to feel sympathy. Personally, with no requirement to visit the branch in person for at least five years, it was understandable why it was closing down. When previously visiting, there were plenty of signals it was going to be on a corporate hit list, not least being the fact it was only open half day for most of the week and even entirely closed on a Wednesday. The only big problem came, when the “cost of living” crisis erupted and we discovered a £1,500 debt with our electricity company. As in, they’d been using estimates for a while and they owed us £1,500, along with a substantial reduction in the monthly debit. Without delay, the company issued us a cheque, one we couldn’t deposit at the bank branch, ‘cos it’s now closed. A sign in the window directed us to the Post Office, an easy job as there’s a branch on the way home, one where the owner hasn’t been charged with theft. Of course, our local Post Office, in true highland style, didn’t have the correct pay in slips for Halifax, requiring another attempt in a couple of days. In Argyll, it’s writ large to never expect anything for the next day, the ferry requirement always adding 24 hours to any delivery. Or, if expecting a local tradesman…

 

Lloyds, due to release some figures this Thursday, should doubtless follow the example set by Natwest. But the car finance investigation risks biting them in the future as Black Horse are big in the car finance field. Quite what level of exposure they face is obviously unknown but the company shall invariably make an allowance in their figures, giving plenty of time for rumour and nerves to damage the share price. A glance at recent Lloyds movements tends suggest the presence of some optimism for the near term, above 43.35 suggesting the near term potential of a lift to an initial 45.15p. Our longer term secondary, should this level be exceeded, works out at 50.7p and visually, this is pretty attractive, creating the potential of a higher high, along with a break of the downtrend since 2019.

For things to go pear shaped, Lloyds now needs below 40.25 to ring alarm bells, calculating with the potential of reversal to around 35p with secondary, if broken, now at 30.7 and hopefully a bottom.

Our inclination is toward optimism for Lloyds.

 

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
9:39:49PM BRENT 8288.4 8064 8021 7918 8244 8321 8356 8424 8272
9:42:38PM GOLD 2012.97
9:45:14PM FTSE 7698
9:47:25PM STOX50 4747.6 4731 4714 4691 4763 4783 4792 4811 4746
9:51:25PM GERMANY 17072.9
9:53:59PM US500 4999.5
9:56:29PM DOW 38574
9:58:47PM NASDAQ 17659.9
10:27:32PM JAPAN 38243

 

16/02/2024 FTSE Closed at 7711 points. Change of 1.5%. Total value traded through LSE was: £ 6,719,822,861 a change of 59.53%
15/02/2024 FTSE Closed at 7597 points. Change of 0.38%. Total value traded through LSE was: £ 4,212,176,049 a change of -10.97%
14/02/2024 FTSE Closed at 7568 points. Change of 0.75%. Total value traded through LSE was: £ 4,731,346,457 a change of -6.79%
13/02/2024 FTSE Closed at 7512 points. Change of -0.81%. Total value traded through LSE was: £ 5,075,825,719 a change of 6.46%
12/02/2024 FTSE Closed at 7573 points. Change of 0.01%. Total value traded through LSE was: £ 4,767,866,668 a change of -14.99%
9/02/2024 FTSE Closed at 7572 points. Change of -0.3%. Total value traded through LSE was: £ 5,608,670,910 a change of 3.17%
8/02/2024 FTSE Closed at 7595 points. Change of -0.43%. Total value traded through LSE was: £ 5,436,383,411 a change of -4.43%

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:CAR Carclo** **LSE:FOXT Foxtons** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Aston Martin, Avacta, Carclo, Foxtons, Greggs, Hikma, HSBC, Zoo Digital,


LSE:AML Aston Martin Close Mid-Price: 169.6 Percentage Change: -1.17% Day High: 174 Day Low: 169.7

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LSE:AVCT Avacta Close Mid-Price: 94 Percentage Change: -2.08% Day High: 96 Day Low: 93.5

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LSE:CAR Carclo Close Mid-Price: 8.33 Percentage Change: -5.34% Day High: 8 Day Low: 8

If Carclo experiences continued weakness below 8, it will invariably lead ……..

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LSE:FOXT Foxtons. Close Mid-Price: 60.1 Percentage Change: + 2.74% Day High: 59.8 Day Low: 58

Target met. All Foxtons needs are mid-price trades ABOVE 59.8 to improve ……..

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LSE:GRG Greggs. Close Mid-Price: 2792 Percentage Change: + 1.45% Day High: 2804 Day Low: 2764

Target met. In the event of Greggs enjoying further trades beyond 2804, t ……..

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LSE:HIK Hikma. Close Mid-Price: 1987.5 Percentage Change: + 0.03% Day High: 2006 Day Low: 1981.5

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LSE:HSBA HSBC. Close Mid-Price: 638.8 Percentage Change: + 1.95% Day High: 639.6 Day Low: 627.6

Continued trades against HSBA with a mid-price ABOVE 639.6 should improve ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 28.75 Percentage Change: -3.36% Day High: 29.75 Day Low: 28.75

Weakness on Zoo Digital below 28.75 will invariably lead to 24.5p with se ……..

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

Our famed FTSE for FRIDAY (FTSE:UKX) and a glance at Close Brothers (LSE:CBG)

#FTSE #GOLD There’s a funny thing about the UK, a facet of the countries nature which maybe dates back to the 1970’s and continues to this day. A country with fuel shortages, food shortages, strikes everywhere, opted to accept power cuts, just to add icing on the cake and increase the overall misery. It was apparently called the winter of discontent but the sentiment seems to continue. News of the UK officially entering recession, obviously not a surprise as the BoE caused it, made it a perfect time for a corporate success story like Close Brothers to be forced to announce they are scrapping their dividend. This due to potential action by “The City Watchdog” regarding car finance. Their share price, already low, suffered yet another kicking as the people who suffer are shareholders, a breed the city doesn’t seem to care about!

We constantly carp about how poorly the FTSE performs, when compared with other major markets. Surely part of the reason must be self flagellation as it seems clear since the financial crisis, there’s nothing the media and politicians appear to like more than a feeding frenzy against an invented enemy. And Close Brothers, employing 3,700 staff will be almost certain to announce job losses as they next fight to maintain profit levels. There surely must be a better way of managing such situations rather than what’s being employed. The UK is certainly a country which likes to kick itself, while it’s down.

 

When we previously reviewed Close Brothers, we laid out criteria for reversal to 445p, a target level which has become in footnote in history. When we glance at what’s been happening during January and February this year, it’s impossible to point to a movement and say “That was the 445p day!”, the price reversing faster than a Ferrari F1 driver, when he sees the end of the race approaching. This failure to spot the “445p” moment is quite unusual as usually, a falling knife will acknowledge a target level. Even if we switch to viewing minute by minute price changes, any attempt to define such a thing is fanciful at best.

The implication of such behaviour is we’ve maybe been watching entirely the wrong trend. This being the case, about the best we can now suggest is for weakness below 278p proving capable of triggering further reversals to 190p and a very possible cease in travel. We’re far from confident we can propose a solid bounce from the 190p level but our secondary calculation of 88p almost looks too silly to believe. But Close Brothers are currently trading at a level not seen since 1996.

 

As for the FTSE for FRIDAY, this week has been difficult, leading to a suspicion the FTSE, when it closes for the day at 16.30, returns to a Lunatic Asylum. By most standards, the markets have been horrible, which when paired with reduced volumes on the FTSE, makes us surprised to express some optimism for the near future. Currently, above 7613 calculates with the potential of a lame lift to an initial 7633 points with our secondary, if bettered, at 7722 and an escape from the current drop zone. If triggered,. our tightest stop loss looks like 7562 points.

 

Our converse scenario threatens weakness below 7562 as being capable of provoking reversal to an initial 7526 points with our longer term secondary, if broken, working out at 7509 points.

Have a good weekend. Only 2 weeks until the first F1 race of 2024

 

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
8:43:45PM BRENT 8255 8220 8201 8270 8294 8364 8220 Sorry
9:08:02PM GOLD 2004.48 1985 1975 1996 2009 2014 1999 Success
9:11:08PM FTSE 7626 7561 7539 7591 7633 7640 7597
9:13:51PM STOX50 4760.4 4720 4701 4747 4765 4777 4749 ‘cess
9:16:09PM GERMANY 17106.7 16967 16910 17069 17116 17154 17005 Success
9:18:07PM US500 5032.9 4998 4993 5015 5035 5047 5005 ‘cess
9:20:29PM DOW 38762 38431 38297 38611 38779 39107 38603 Success
9:22:39PM NASDAQ 17889.1 17717 17674 17817 17902 18082 17770 ‘cess
9:25:04PM JAPAN 38636 37940 37721 38280 38657 38803 38264 Success

 

15/02/2024 FTSE Closed at 7597 points. Change of 0.38%. Total value traded through LSE was: £ 4,212,176,049 a change of -10.97%
14/02/2024 FTSE Closed at 7568 points. Change of 0.75%. Total value traded through LSE was: £ 4,731,346,457 a change of -6.79%
13/02/2024 FTSE Closed at 7512 points. Change of -0.81%. Total value traded through LSE was: £ 5,075,825,719 a change of 6.46%
12/02/2024 FTSE Closed at 7573 points. Change of 0.01%. Total value traded through LSE was: £ 4,767,866,668 a change of -14.99%
9/02/2024 FTSE Closed at 7572 points. Change of -0.3%. Total value traded through LSE was: £ 5,608,670,910 a change of 3.17%
8/02/2024 FTSE Closed at 7595 points. Change of -0.43%. Total value traded through LSE was: £ 5,436,383,411 a change of -4.43%
7/02/2024 FTSE Closed at 7628 points. Change of -0.69%. Total value traded through LSE was: £ 5,688,534,403 a change of 1.67%

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:EXPN Experian** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:QED Quadrise** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Experian, Greggs, Hikma, Intercontinental Hotels Group, Just Eat, Quadrise, Zoo Digital,


LSE:EXPN Experian Close Mid-Price: 3355 Percentage Change: -0.12% Day High: 3420 Day Low: 3357

Target met. Continued trades against EXPN with a mid-price ABOVE 3420 sho ……..

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LSE:GRG Greggs. Close Mid-Price: 2752 Percentage Change: + 0.81% Day High: 2760 Day Low: 2742

Continued trades against GRG with a mid-price ABOVE 2760 should improve t ……..

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LSE:HIK Hikma. Close Mid-Price: 1987 Percentage Change: + 1.12% Day High: 2000 Day Low: 1957

In the event of Hikma enjoying further trades beyond 2000, the share shou ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 834 Percentage Change: + 0.39% Day High: 845.2 Day Low: 828.8

All Hargreaves Lansdown needs are mid-price trades ABOVE 845.2 to improve ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 7682 Percentage Change: + 0.55% Day High: 7764 Day Low: 7658

Target met. All Intercontinental Hotels Group needs are mid-price trades ……..

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LSE:JET Just Eat. Close Mid-Price: 1328 Percentage Change: + 2.00% Day High: 1366 Day Low: 1324

In the event of Just Eat enjoying further trades beyond 1366, the share s ……..

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LSE:QED Quadrise Close Mid-Price: 2.13 Percentage Change: -6.56% Day High: 2.21 Day Low: 2.1

Target met. Continued weakness against QED taking the price below 2.1 cal ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 29.75 Percentage Change: -8.46% Day High: 32.5 Day Low: 29.75

If Zoo Digital experiences continued weakness below 29.75, it will invari ……..

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

McBride Plc (LSE:MCB) cleaning up the markets.

#EuroStoxx50 #WallSt The outbreak of price gouging among supermarkets could only have benefited McBride Plc. The company make most of the “Own Brand” products supplied by supermarkets, so when we decide to ditch Fairy Liquid and instead opt for the discount Morrison’s or wherever equivalent, the chances are the plastic bottle contains liquid from McBrides. This facet of their production remains true across a wide range of cleaning products with the result we suspect McBride Plc shall enjoy a rosy future. Even if, personally, the chance of building a spaceship from a Fairy bottle has now gone forever…

 

We’ve a little bit of a puzzle with McBride, their share price “only” reaching and bettering our prior target of 80p and thus far, it shows very little ambition to head toward our then secondary ambition at 108p. This week has seen a faint signal some recovery may be due, our argument unfortunately based around the weak premise of the recent drop to 68p being nothing like as low as we’d expected. Our hope is this implies a degree of hidden strength but the price currently needs exceed 82p to given a hope this shall become a reality.

Above 82p should currently trigger movement to an initial 92p, breaking the price above the ruling Blue downtrend. With closure above this Blue line, we anticipate ongoing traffic in the direction of an initial 111p with our longer term secondary, if bettered, now calculating at 129p.

We’re placing a fair degree of hope in this downtrend, due to the market providing a pretty solid confirmation of its importance during last December and then January. (Shown on the zoomed in chart extract)

 

If things intend go horribly wrong, below 63p looks dangerous, allowing reversals to an initial 58p with secondary, if broken, at 48p and a very possible trampoline bottom. But for now, we’re inclined toward some optimism thanks to the reverence paid to that downtrend, along with the salient detail the recent dip wasn’t as bad as we can calculate.

 

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:10:18PM BRENT 8123 Shambles
9:14:27PM GOLD 1990.28
9:18:02PM FTSE 7578.4 Success
9:21:22PM STOX50 4724.1 4675 4643 4608 4695 4732 4744 4773 4700 ‘cess
9:24:06PM GERMANY 16997.8 Success
10:35:01PM US500 5003.5 ‘cess
10:39:22PM DOW 38434 38197 38013 37707 38288 38465 38524 38687 38365 Shambles
10:42:02PM NASDAQ 17799 ‘cess
10:55:57PM JAPAN 38101 Success

 

14/02/2024 FTSE Closed at 7568 points. Change of 0.75%. Total value traded through LSE was: £ 4,731,346,457 a change of -6.79%
13/02/2024 FTSE Closed at 7512 points. Change of -0.81%. Total value traded through LSE was: £ 5,075,825,719 a change of 6.46%
12/02/2024 FTSE Closed at 7573 points. Change of 0.01%. Total value traded through LSE was: £ 4,767,866,668 a change of -14.99%
9/02/2024 FTSE Closed at 7572 points. Change of -0.3%. Total value traded through LSE was: £ 5,608,670,910 a change of 3.17%
8/02/2024 FTSE Closed at 7595 points. Change of -0.43%. Total value traded through LSE was: £ 5,436,383,411 a change of -4.43%
7/02/2024 FTSE Closed at 7628 points. Change of -0.69%. Total value traded through LSE was: £ 5,688,534,403 a change of 1.67%
6/02/2024 FTSE Closed at 7681 points. Change of 0.91%. Total value traded through LSE was: £ 5,595,046,133 a change of -6.77%

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:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:QED Quadrise** **

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Updated charts published on : Foxtons, Fresnillo, Greggs, Hikma, Hargreaves Lansdown, Quadrise,


LSE:FOXT Foxtons. Close Mid-Price: 58.1 Percentage Change: + 0.17% Day High: 58.9 Day Low: 57.2

Target met. Continued trades against FOXT with a mid-price ABOVE 59 shoul ……..

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LSE:FRES Fresnillo Close Mid-Price: 466.5 Percentage Change: -1.12% Day High: 472.8 Day Low: 464

Weakness on Fresnillo below 464 will invariably lead to 436p with seconda ……..

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LSE:GRG Greggs. Close Mid-Price: 2730 Percentage Change: + 1.94% Day High: 2746 Day Low: 2680

Further movement against Greggs ABOVE 2746 should improve acceleration to ……..

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LSE:HIK Hikma. Close Mid-Price: 1965 Percentage Change: + 0.26% Day High: 1983.5 Day Low: 1959

Continued trades against HIK with a mid-price ABOVE 1983.5 should improve ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 830.8 Percentage Change: + 2.19% Day High: 840 Day Low: 814.4

Further movement against Hargreaves Lansdown ABOVE 840 should improve acc ……..

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LSE:QED Quadrise Close Mid-Price: 2.29 Percentage Change: -3.59% Day High: 2.34 Day Low: 2.34

Below 2.34 indicates travel to an initial 2.1 with secondary, when broken, ……..

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

Telecom Plus Plc (LSE:TEP) looking worth watching

#FTSE #SP500 We reviewed this lot back in June 2022 and we’re pleased to note it achieved all three of our ambitions, Telecom Plus reaching our third level of 2340 in November of 2022. The period since hasn’t been particularly kind to the share price, unspooling from a high of 25 quid down to an eventual £13.50. Trading as Utility Warehouse, the company are boasting of record profit levels, doubtless capitalising on the surge of corporate greed when the gloves came off with energy pricing. Hopefully corporate bodies are considering the benefit of a piggy bank, given the experience of China which has seen some record bankruptcy levels, along with sharp deflation making itself felt.

We’re not exactly kidding with this sentiment, suspecting PepsiCo shall prove to be a casualty of corporate greed. In France, Carrefour decided to stop the sale of Pepsi due to their level of unacceptable pricing (presumably not also giving the supermarket chain a suitable splash of the action) and personally, in a totally unscientific survey, I’ve noticed price marked 2 ltr bottles of Pepsi products are gathering dust. Me, I don’t care as our local supermarket has now reduced their “own brand” cola back from 85p to 58p for 2 litres, the price before they jumped on the greed bandwagon.

Maybe this expectation of consumer bite-back contributes to the reasons for Telecom Plus share price reversals, especially as their trading style “Utility Warehouse” exposes them to the risk of energy wars, along with broadband price wars, and of course mobile phone charges. We’re somewhat less positive on their exposure to the insurance sector of their business, given insurance prices never seem to come down. Strangely enough, we actually completely understand their business model as, from a distance, it’s remarkably similar to something quite different we wrote the software for in the 1990’s. Lumping a bunch of major suppliers together, allowing the end user to receive just a single invoice, gives suppliers the ability to streamline their invoicing regime and customers a “one stop shop” with any queries. Our original project worked well and over 25 years later, our software remains in use, thankfully without us.

 

The recent price reversal to 1358p was, from our perspective, arithmetically precise. As a result, this allows us to present 1358p as a potential trigger, should further trouble be planned. Below such a trigger risks provoking reversal down to an initial 1294p with a slight possibility of a bounce. Should such a level break, any bounce is liable to prove fake as our secondary works out at 1155p and hopefully a solid bottom. Given this is a company paying dividends, there’s certainly reason for hope.

However, the perfection of the recent bounce from 1358p, while minimal, does give some hope due to it matching a bottom calculation quite exactly.

For the current bounce to maintain credibility, it needs above 1470p to suggest the potential of movement to an initial 1545p and a break of the immediate Blue downtrend. As in 2022, there’s again a risk of a glass ceiling forming at the 1550 level but this time, we’ve more immediate hope it shall be ignored as our secondary works out at 1740p. And once again, we can calculate a third level ambition, this time at a future 2052p.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:07:28PM BRENT 8231.2 ‘cess
10:11:45PM GOLD 1992.79 ‘cess
10:17:03PM FTSE 7485 7464 7427 7404 7514 7514 7524 7544 7482 Success
10:32:11PM STOX50 4670.2 Success
10:52:54PM GERMANY 16829 Success
10:55:31PM US500 4956 4920 4902 4853 4963 4972 4986 5008 4945 Success
10:57:55PM DOW 38262 Success
11:00:55PM NASDAQ 17626.6 Success
11:04:12PM JAPAN 37679 Success

 

13/02/2024 FTSE Closed at 7512 points. Change of -0.81%. Total value traded through LSE was: £ 5,075,825,719 a change of 6.46%
12/02/2024 FTSE Closed at 7573 points. Change of 0.01%. Total value traded through LSE was: £ 4,767,866,668 a change of -14.99%
9/02/2024 FTSE Closed at 7572 points. Change of -0.3%. Total value traded through LSE was: £ 5,608,670,910 a change of 3.17%
8/02/2024 FTSE Closed at 7595 points. Change of -0.43%. Total value traded through LSE was: £ 5,436,383,411 a change of -4.43%
7/02/2024 FTSE Closed at 7628 points. Change of -0.69%. Total value traded through LSE was: £ 5,688,534,403 a change of 1.67%
6/02/2024 FTSE Closed at 7681 points. Change of 0.91%. Total value traded through LSE was: £ 5,595,046,133 a change of -6.77%
5/02/2024 FTSE Closed at 7612 points. Change of -0.04%. Total value traded through LSE was: £ 6,001,091,520 a change of -6.39%

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:FRES Fresnillo** **LSE:HL. Hargreaves Lansdown** **LSE:ITV ITV** **LSE:SDY Speedyhire** **

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Updated charts published on : Avacta, Fresnillo, Hargreaves Lansdown, ITV, Speedyhire,


LSE:AVCT Avacta Close Mid-Price: 96 Percentage Change: -2.04% Day High: 98.5 Day Low: 95

In the event Avacta experiences weakness below 95 it calculates with a dr ……..

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LSE:FRES Fresnillo Close Mid-Price: 471.8 Percentage Change: -4.38% Day High: 497.1 Day Low: 469

If Fresnillo experiences continued weakness below 469, it will invariably ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 813 Percentage Change: -0.56% Day High: 822.4 Day Low: 802.8

Above 828 now looks critical to promote the idea of movement to an initial ……..

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LSE:ITV ITV Close Mid-Price: 57.32 Percentage Change: -1.98% Day High: 58.86 Day Low: 57.26

Weakness on ITV below 57.26 will invariably lead to 56p with secondary (i ……..

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LSE:SDY Speedyhire Close Mid-Price: 26.15 Percentage Change: -0.19% Day High: 26.4 Day Low: 25.8

Continued weakness against SDY taking the price below 25.8 calculates as ……..

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

Frasers Group Plc (LSE:FRAS) and a dusting of optimism

#Gold #Nasdaq A few retailers enjoy a share price trading solidly above its pre-pandemic level with Fraser Group pretty much leading the field. Mr Ashley appears to have discovered the sweet spot between online stores and the correct balance of real stores, their share price now showing some interesting potentials. Currently, the media are reporting extensively on their proposed £80m share buyback. It will surely be the case, as shares from the latest buyback are cancelled, any reduction in the number of shares in issue shall surely – in itself – add pressure to the price for further increases in value.

Currently trading around 822p, at first glance the chart doesn’t exactly set pulses raising, bouncing around a quid above and below the 800p level since the start of 2023. In fact, you don’t need squint terribly hard to also attribute the start of 2022 as the year where the 800p trap was developed. Without doubt, a flat trend line at 800p has formed with every time the share price grew above it by x, the months thereafter saw the value drop below the 800p level by almost exactly -x. The behaviour has certainly been strange but we’re inclined to some hope from our analysis of a year ago. We’d given an upper target of 900p, an ambition Frasers did briefly exceed with the added potential of closing a few sessions above the 900p level. This certainly gives optimism from a Big Picture perspective.

 

The situation now calculates with the potential of movement above 824p hopefully triggering price recovery to an initial 859p with our longer term secondary, if exceeded, working out at 934p and a challenge against the Blue downtrend on the chart below. Our Big Picture potentials should crank open a sleepy eyelid, should the share price ever manage to close above 934p as we’d expect a cycle to commence toward an initial 961p, probably game changing, as our Big Picture secondary calculates at 1142p and a new all time high.

 

As always, we’ve a “however” we can dust down, though we rather doubt it. The share price needs decline below 778p to ring alarm bells, risking triggering share reversals to an initial 639p with secondary, if broken, at 578p and hopefully a rebound. The implications below such a level risk being seriously messy.

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:26:08PM BRENT 8182.5
9:30:03PM GOLD 2019.71 2012 2003 1989 2022 2028 2033 2040 2018 ‘cess
9:32:16PM FTSE 7576.5
9:36:02PM STOX50 4723.5 Shambles
9:42:38PM GERMANY 16987 ‘cess
9:45:03PM US500 5015.7
9:48:55PM DOW 38776 ‘cess
9:53:35PM NASDAQ 17841.2 17835 17762 17668 17908 17911 17928 17959 17860 Shambles
9:57:39PM JAPAN 37431 Success

 

12/02/2024 FTSE Closed at 7573 points. Change of 0.01%. Total value traded through LSE was: £ 4,767,866,668 a change of -14.99%
9/02/2024 FTSE Closed at 7572 points. Change of -0.3%. Total value traded through LSE was: £ 5,608,670,910 a change of 3.17%
8/02/2024 FTSE Closed at 7595 points. Change of -0.43%. Total value traded through LSE was: £ 5,436,383,411 a change of -4.43%
7/02/2024 FTSE Closed at 7628 points. Change of -0.69%. Total value traded through LSE was: £ 5,688,534,403 a change of 1.67%
6/02/2024 FTSE Closed at 7681 points. Change of 0.91%. Total value traded through LSE was: £ 5,595,046,133 a change of -6.77%
5/02/2024 FTSE Closed at 7612 points. Change of -0.04%. Total value traded through LSE was: £ 6,001,091,520 a change of -6.39%
4/02/2024 FTSE Closed at 7615 points. Change of 0%. Total value traded through LSE was: £ 6,410,714,874 a change of 39.22%

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:AZN Astrazeneca** **LSE:BT.A British Telecom** **LSE:EXPN Experian** **LSE:GRG Greggs** **LSE:IHG Intercontinental Hotels Group** **LSE:VOD Vodafone** **

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Updated charts published on : Avacta, Astrazeneca, British Telecom, Experian, Greggs, Intercontinental Hotels Group, Vodafone,


LSE:AVCT Avacta Close Mid-Price: 98 Percentage Change: -2.00% Day High: 99.5 Day Low: 96.5

Target met. Continued weakness against AVCT taking the price below 96.5 c ……..

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LSE:AZN Astrazeneca Close Mid-Price: 9501 Percentage Change: -2.66% Day High: 9734 Day Low: 9461

Target met. In the event Astrazeneca experiences weakness below 9461 it c ……..

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LSE:BT.A British Telecom Close Mid-Price: 104.5 Percentage Change: -0.43% Day High: 105.6 Day Low: 101.7

Target met. If British Telecom experiences continued weakness below 101.7 ……..

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LSE:EXPN Experian. Close Mid-Price: 3380 Percentage Change: + 0.66% Day High: 3394 Day Low: 3366

Further movement against Experian ABOVE 3394 should improve acceleration ……..

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LSE:GRG Greggs. Close Mid-Price: 2726 Percentage Change: + 0.89% Day High: 2738 Day Low: 2708

All Greggs needs are mid-price trades ABOVE 2738 to improve acceleration ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 7734 Percentage Change: + 0.78% Day High: 7756 Day Low: 7664

Further movement against Intercontinental Hotels Group ABOVE 7756 should ……..

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LSE:VOD Vodafone. Close Mid-Price: 64.25 Percentage Change: + 2.03% Day High: 63.85 Day Low: 62.71

Weakness on Vodafone below 62.71 will invariably lead to 60p with seconda ……..

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

Natwest Group Plc (LSE:NWG) important thoughts

#Brent #Dax As Mr Farage’s favourite bank are due to release their annual results this week, it’s doubtless worth taking yet another Big Picture review of the share price potentials, especially as the share price has managed to close above our crucial 225p on a couple of occasions. With surprise generosity, the market opted confirm our arithmetic by gapping the share value down from 225p on 1st February. We immediate questioned whether this was a strategy to stop it moving too fast.

According to the media, groaning under the usual weight of leaks prior to the banks Earnings Report, Natwest are expected to reveal their most profitable year, since it was effectively nationalised thanks to the financial crash. Additionally, they are due to pay staff bonus’s at slightly less than 2023’s value and better still, there’s the expectation the UK government shall dump their remaining 35% share in the bank in a mass market share sale, perhaps are early as June of this year. This perhaps has the potential of kick starting some true recovery for the share price as it isn’t the case the share count is being diluted. Instead, the leaden hand of the UK Government Investment arm will be seen as giving up control of a huge swathe of shares which are already in existence.

Hopefully this, along with a decent set of results, shall lay the groundwork for Natwest to actually do something useful.

 

It now appears to be the case where above 229.1p should prove capable of triggering a lift to an initial 240p with our longer term secondary, if bettered, calculating at a future 290p. The idea of a visit to 290p isn’t very exciting as it doesn’t even challenge the highs of the false dawn back in 2023. However, such an ambition would take the share price above its high, pre-pandemic, and we strongly suspect this will provide a firm signal for share motivation in coming months, especially as our third level of ambition works out at a future 395p, a hope which doesn’t look entirely ridiculous.

 

Now we’ve gotten all the reasons for optimism out of the way, there remains a tiny little detail crying out for consideration. Natwest share price remains trading below Red on the chart, now needing above 230p to suggest it has all been a mistake and things should get better  While an amazing degree of respect is being paid to the Blue downtrend which dates back to 2007, we dare not conclude this are about to get better. Below 203p now calculates with the risk of reversal to an initial 193 with secondar, if broken, an eventual 182 and hopefully a bounce.

 

Our suspicion is we’re about to see Natwest become useful.

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
4:59:50PM BRENT 8177.7 8107 8077 8026 8172 8232 8355 8587 8105
5:05:27PM GOLD 2024.22
8:52:28PM FTSE 7292.9
8:55:05PM STOX50 4726
8:58:40PM GERMANY 16957.4 16905 16863 16808 16946 16994 17034 17088 16938
9:03:38PM US500 5023.7
9:11:28PM DOW 38629
9:18:36PM NASDAQ 17954.5
9:21:21PM JAPAN 37121

 

9/02/2024 FTSE Closed at 7572 points. Change of -0.3%. Total value traded through LSE was: £ 5,608,670,910 a change of 3.17%
8/02/2024 FTSE Closed at 7595 points. Change of -0.43%. Total value traded through LSE was: £ 5,436,383,411 a change of -4.43%
7/02/2024 FTSE Closed at 7628 points. Change of -0.69%. Total value traded through LSE was: £ 5,688,534,403 a change of 1.67%
6/02/2024 FTSE Closed at 7681 points. Change of 0.91%. Total value traded through LSE was: £ 5,595,046,133 a change of -6.77%
5/02/2024 FTSE Closed at 7612 points. Change of -0.04%. Total value traded through LSE was: £ 6,001,091,520 a change of -6.39%
4/02/2024 FTSE Closed at 7615 points. Change of 0%. Total value traded through LSE was: £ 6,410,714,874 a change of 39.22%
2/02/2024 FTSE Closed at 7615 points. Change of -0.09%. Total value traded through LSE was: £ 4,604,656,485 a change of -16.86%

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

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

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

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

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


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

Click Epic to jump to share: LSE:BT.A British Telecom** **LSE:CNA Centrica** **LSE:EXPN Experian** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:STAR Star Energy** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Updated charts published on : British Telecom, Centrica, Experian, Glencore Xstra, IQE, ITV, Star Energy, Vodafone, Zoo Digital,


LSE:BT.A British Telecom Close Mid-Price: 104.95 Percentage Change: -0.71% Day High: 106.35 Day Low: 104.5

In the event British Telecom experiences weakness below 104.5 it calculat ……..

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LSE:CNA Centrica. Close Mid-Price: 133.4 Percentage Change: + 0.04% Day High: 133.85 Day Low: 131.4

Weakness on Centrica below 131.4 will invariably lead to 100p with second ……..

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LSE:EXPN Experian. Close Mid-Price: 3358 Percentage Change: + 0.60% Day High: 3391 Day Low: 3333

Target met. All Experian needs are mid-price trades ABOVE 3391 to improve ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 385.05 Percentage Change: -2.96% Day High: 395.25 Day Low: 383

Target met. Continued weakness against GLEN taking the price below 383 ca ……..

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LSE:IQE IQE. Close Mid-Price: 24.7 Percentage Change: + 8.10% Day High: 25.45 Day Low: 22.85

Target met. Continued trades against IQE with a mid-price ABOVE 26p shoul ……..

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LSE:ITV ITV Close Mid-Price: 57.86 Percentage Change: -1.23% Day High: 58.6 Day Low: 57.52

If ITV experiences continued weakness below 57.52, it will invariably lea ……..

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LSE:STAR Star Energy Close Mid-Price: 7.63 Percentage Change: -1.48% Day High: 0 Day Low: 0

In the event Star Energy experiences weakness below 7.47 it calculates wi ……..

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LSE:VOD Vodafone Close Mid-Price: 62.97 Percentage Change: -0.85% Day High: 63.91 Day Low: 62.96

If Vodafone experiences continued weakness below 62.96, it will invariabl ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 33.4 Percentage Change: -1.76% Day High: 34.5 Day Low: 31.75

In the event Zoo Digital experiences weakness below 31.75 it calculates w ……..

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

Our internationally popular FTSE for FRIDAY (FTSE:UKX)

#Gold #SP500 Our exercise, taking a glance at how things have gone since the pre-pandemic highs, dropped us into an interesting area of analysis. For instance, the FTSE is currently stalled, almost exactly at pre-pandemic levels. Whereas the DAX is 81% above levels when it all went wrong and the DOW is 75% higher. Even France is 80% higher that its level, prior to the artificial pandemic drop.

But what really surprises us to a degree is how the FTSE is behaving. It hit the level of the markets at the start of 2022 and this sort of thing will generally provoke some stutters, the markets rarely missing the chance to pretend a glass ceiling exists. The S&P500, when it ran into this illusory barrier back in 2020, it hesitated for almost four months before accelerating upward. Even France in 2021 hesitated for the entire month of March! But the FTSE has stuttered around the 7500 point level for a record breaking 25 months.

Australia is an unusual case, currently at 7615 points and 10% above its pre-pandemic level, managed to spend a couple of years wasting everyones time, pretending it was about to go up. Now, thankfully, the index has started to achieve some higher highs, making us suspect it has now entered a longer term cycle to an eventual 8300 points. But the UK continues to languish, failing to achieve any sort of lasting break upward. The situation now demands the index better 8047, the high in 2023, before we dare believe some proper growth is underway.

Actually, for the UK, the situation is far worse as there’s a problem which dates back to 2017. Visually, the FTSE has spent most of the last 7 years flapping around between roughly the 7000 and 8000 point levels, aside from the 2020 drop which appears to have been internationally agreed manipulation across all markets.

Near term for the FTSE, we’re not overwhelmed with optimism and instead suspect near term movements below 7593 shall provoke reversal to an initial 7567 points with secondary, if broken, at 7624 along with some hope for a rebound. If triggered, the tightest stop is almost suspicious at just 7620 points.

If the market intends behave itself, above 7620, ideally not with an upward spike in the opening seconds of trade, should place the market in a position where recovery to an initial 7665 works out as possible. Should such a level be exceeded, our secondary works out at 7689 points and possible hesitation. The market needs better 7725 to suggest a break through the Blue downtrend, potentially changing the rules and making 7757 a distinct possibility sometime in the future.

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
8:57:29PM BRENT 8162 7995 7944 8098 8177 8361 8010 Success
8:59:49PM GOLD 2032.72 2020 2012 2032 2038 2045 2028 Success
9:03:28PM FTSE 7612.6 7605 7585 7622 7654 7683 7624 ‘cess
9:08:20PM STOX50 4702.1 4677 4668 4700 4721 4742 4696 Success
9:10:26PM GERMANY 16967 16887 16863 16951 17030 17073 16980
9:41:02PM US500 4996.9 4968 4954 4990 5003 5015 4987
9:42:57PM DOW 38715.5 38539 38506 38650 38755 38836 38683
9:44:54PM NASDAQ 17780.2 17711 17679 17768 17817 17830 17770
9:47:29PM JAPAN 37120 36786 36672 36977 37152 37477 36934 Success
8/02/2024 FTSE Closed at 7595 points. Change of -0.43%. Total value traded through LSE was: £ 5,436,383,411 a change of -4.43%
7/02/2024 FTSE Closed at 7628 points. Change of -0.69%. Total value traded through LSE was: £ 5,688,534,403 a change of 1.67%
6/02/2024 FTSE Closed at 7681 points. Change of 0.91%. Total value traded through LSE was: £ 5,595,046,133 a change of -6.77%
5/02/2024 FTSE Closed at 7612 points. Change of -0.04%. Total value traded through LSE was: £ 6,001,091,520 a change of -6.39%
4/02/2024 FTSE Closed at 7615 points. Change of 0%. Total value traded through LSE was: £ 6,410,714,874 a change of 39.22%
2/02/2024 FTSE Closed at 7615 points. Change of -0.09%. Total value traded through LSE was: £ 4,604,656,485 a change of -16.86%
1/02/2024 FTSE Closed at 7622 points. Change of -0.1%. Total value traded through LSE was: £ 5,538,356,181 a change of -5.22%

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

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

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

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

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


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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:AZN Astrazeneca** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:IHG Intercontinental Hotels Group** **LSE:RR. Rolls Royce** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Aston Martin, Astrazeneca, Foxtons, Gulf Keystone, Glencore Xstra, Intercontinental Hotels Group, Rolls Royce, Zoo Digital,


LSE:AML Aston Martin Close Mid-Price: 172 Percentage Change: -1.15% Day High: 174.7 Day Low: 170

If Aston Martin experiences continued weakness below 170, it will invaria ……..

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LSE:AZN Astrazeneca Close Mid-Price: 9823 Percentage Change: -6.36% Day High: 10490 Day Low: 9700

Target met. Weakness on Astrazeneca below 9700 will invariably lead to 96 ……..

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LSE:FOXT Foxtons. Close Mid-Price: 57.5 Percentage Change: + 1.95% Day High: 58 Day Low: 56.5

Target met. In the event of Foxtons enjoying further trades beyond 58, th ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 97.9 Percentage Change: -1.61% Day High: 99 Day Low: 94.2

Target met. Continued weakness against GKP taking the price below 94.2 ca ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 396.8 Percentage Change: -1.39% Day High: 404.7 Day Low: 396.25

Weakness on Glencore Xstra below 396.25 will invariably lead to 386p with ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 7634 Percentage Change: -0.10% Day High: 7734 Day Low: 7568

Continued trades against IHG with a mid-price ABOVE 7734 should improve t ……..

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LSE:RR. Rolls Royce Close Mid-Price: 317.7 Percentage Change: -1.61% Day High: 325.2 Day Low: 316.6

In the event of Rolls Royce enjoying further trades beyond 325.2, the sha ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 34 Percentage Change: -1.45% Day High: 34.5 Day Low: 33.75

Continued weakness against ZOO taking the price below 33.75 calculates as ……..

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