Trends And Targets

#Gold #SP500

Our fascination with Lithium batteries continues, most recently due to a little accident with the battery pack of a Bosch electric drill. As happens, the 14v drill needed a new battery pack, the old one being laid aside for disposal. Unfortunately, the old battery made its way into a box and was completely forgotten about, until it was time for a garden bonfire.

We’ve a big tree stump at the top of the garden, now almost 50% destroyed by occasional bonfires, and a glorious amount of delivery packaging had accumulated, all needing burnt. As usual, a bonfire lasagne was created, cardboard at the bottom layer, some scrap wood comprising the next layer, some packaging padding and debris from the shed making another layer, and the top layer comprising rotten wood which theory demands will dry out and burn. An added level of interest came from the discovery of a parachute flare on the shore outside, a plastic tube which is supposed to be aimed at the sky when it’s time to panic. The boating fraternity are notorious for tossing them overboard when they exceed their sink-by dates but they actually cook off quite nicely if placed in the very heart of a hot bonfire.

On this occasion, the fire was lit, fighting hard against the inevitable Scottish rain, and a retreat to the house made a lot of sense. After a while, bonfires do get a little boring.

This time around proved interesting, a rolling cloud of white smoke giving a horror movie theme, and immediately the problem was apparent. The Bosch battery pack had been accidentally burnt, the Lithium batteries contained therein providing a toxic addition to the flames. Shortly afterward, it was obvious the parachute flare was also lit, briefly attempting to out-dazzle the brilliantly bright Lithium flames which were determined to outlast anything else on the fire.

It was a reminder of one of Richard Hammonds car crashes, where he dropped an electric supercar off a hill, the batteries still burning a few days later. When they place disposal instructions on Lithium packs, it’s best to take them seriously, the stuff burning quite energetically. My own brother, a volunteer village fireman In Sutherland, Scotland, recently sent photographs of an electric car fire he was attending, none of the firecrew able to identify the make of vehicle which was cheerfully lighting and heating up the night sky. When the event was over, there was nothing in the burnt out grass at the roadside which would event attest to a car as the cause. The owner, still pretty stunned, mentioned smoke came from the dashboard and he pulled off the road. By the time he’d got through to the emergency services, the flames were already out of control. Due to a previous Tesla fire, the volunteer firemen already knew they’d nothing in the fire engine capable of dealing with large scale lithium fires.

 

Lithium batteries, already changing our lives by making everything cordless, continue to enjoy increased demand and Atlantic Lithium, working in Africa, headquartered in Australia, and traded in London and New York certainly make all the right noises on their website for production. Something certainly appears to be going on with their share price as currently, there’s a heck of an argument which proposes 41p as an immediate target level. Given the share is currently trading around 38p, we’re inclined to treat 41p as a potential trigger level as above this level should become interesting.

The immediate situation suggests above 41p as being capable of triggering price recovery to an initial 49.5p. If bettered our secondary calculates at a problematic 64p, rather neatly matching the high of earlier this year. Closure above 64p shall prove crucial for the longer term as this could easily ignite game changing potentials for the future.

If things intend go wrong for Atlantic, their share price needs melt down below 29p as this could force the price back to an initial 20p with secondary, if broken, an ultimate bottom of just 4p, a target which makes no sense visually.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:30:54PM	BRENT	93.79									‘cess
10:32:26PM	GOLD	1634	1631	1624	1616	1642	1645	1648	1653	1635	‘cess
10:34:48PM	FTSE	7115.38									‘cess
10:36:36PM	STOX50	3626.3
10:39:06PM	GERMANY	13269									‘cess
10:41:31PM	US500	3877.47	3862	3856	3840	3888	3900	3910	3926	3872
10:43:14PM	DOW	32752
10:45:13PM	NASDAQ	11425.22
10:47:08PM	JAPAN	27562

 

31/10/2022 FTSE Closed at 7094 points. Change of 0.67%. Total value traded through LSE was: £ 6,304,594,565 a change of 56.13%

28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%

27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%

24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%

21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%

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:AFC AFC Energy** **LSE:AVCT Avacta** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:ECO ECO (Atlantic) O & G** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **LSE:ZOO Zoo Digital** **

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Updated charts published on : AFC Energy, Avacta, BP PLC, British Telecom, Carnival, ECO (Atlantic) O & G, British Airways, Intercontinental Hotels Group, Rockhopper, Rolls Royce, Tesco, Zoo Digital,

LSE:AFC AFC Energy. Close Mid-Price: 21.24 Percentage Change: + 7.87% Day High: 22 Day Low: 19

Further movement against AFC Energy ^ABOVE 22 should improve acceleration ……..

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LSE:AVCT Avacta. Close Mid-Price: 126 Percentage Change: + 3.36% Day High: 141.5 Day Low: 119

Target Met. This has gotten almost amazing as above 139 now calculates wit ……..

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LSE:BP. BP PLC. Close Mid-Price: 479.8 Percentage Change: + 1.45% Day High: 484 Day Low: 467.1

In the event of BP PLC enjoying further trades beyond 484, the share shoul ……..

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LSE:BT.A British Telecom. Close Mid-Price: 129.8 Percentage Change: + 2.49% Day High: 130.05 Day Low: 127.35

Target Met. Now above 131 points at the potential of 134 next with seconda ……..

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LSE:CCL Carnival. Close Mid-Price: 696.2 Percentage Change: + 5.17% Day High: 704.2 Day Low: 668.8

In the event of Carnival enjoying further trades beyond 705, the share sho ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 37 Percentage Change: + 1.37% Day High: 38.75 Day Low: 37

Further movement against ECO (Atlantic) O & G ABOVE^ 39 should continue ac ……..

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LSE:IAG British Airways. Close Mid-Price: 121.56 Percentage Change: + 5.45% Day High: 121.98 Day Low: 115.18

All British Airways needs are mid-price trades ABOVE 122 to improve accel ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4696 Percentage Change: + 0.19% Day High: 4752 Day Low: 4673

Continued trades against IHG with a mid-price ABOVE 4752 should improve th ……..

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LSE:RKH Rockhopper Close Mid-Price: 9.8 Percentage Change: -24.32% Day High: 11 Day Low: 9

This is potentially really bad as it dropped further than it should. Now b ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 78.15 Percentage Change: + 1.51% Day High: 79.41 Day Low: 77.03

Further movement against Rolls Royce ABOVE 80 should improve acceleration ……..

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LSE:TSCO Tesco. Close Mid-Price: 215.1 Percentage Change: + 1.13% Day High: 216.6 Day Low: 212.9

Tesco needs mid-price trades ABOVE 217 to improve acceleration toward an i ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 165 Percentage Change: + 2.17% Day High: 169 Day Low: 161.5

Further movement against Zoo Digital ABOVE 169 should improve acceleration ……..

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

#Brent #Stoxx

Our ‘three weekly’ visit to Natwest is becoming as exciting as guessing who the next UK Prime Minister shall be. Prior to the current incumbent being selected, the media appeared to be giving the Downing St cat worrying degrees of press coverage, leading to suspicions the party of government was about to try something completely new and no sane human would take the job!

It’s maybe not the worst idea, considering a cat as Prime Minister, a species of animal always completely unaware of what it intends do next. Our own unwelcome cat is perfectly capable of sitting, gazing out of a window for hours on end. Equally, she uses similar levels of concentration on a wall and eventually, we guessed these periods of peace and quiet come from the animal replicating modern electronics, going into “stand-by” mode for a while.

 

Perhaps Natwest share price is enjoying its own version of “stand-by”, the value failing to go up sufficiently to meet targets nor able to head down sufficiently to meet targets! The single time where an attempt to head upward on October 27th with a surge to 247p was treated quite harshly, the share price gapped down to 230p the following morning. It was clear the market was not ready to allow the retail bank to run free, despite reports of record profits. The share price drop of 8.3% was blamed on the bank warning it was keeping an eye on any change in behaviour from its customers…

The immediate situation for Natwest is a bit troubling, movement below 223 pointing at the potential of near term reversal to 213p next. Hopefully such a target level proves capable of provoking a bounce as now, closure below 213p looks capable of entering a reverse cycle to 191p next. Perhaps the market shall deem 200p as sufficient to provide a rebound but we’ve some doubts as it’s almost a mite too obvious. The 200p level, as the chart shows, has proven sacrosanct on 4 previous occasions since 2021 as we’ll not be aghast if the market opts to let such an obvious glass floor break.

We do have concerns below the 191p level as a visually ridiculous long term target calculates at 130p, should such a trigger occur.

 

If things intend come up rosy in the Natwest garden, trades above 237p shall prove important as this now calculates with the potential of a lift to 254p with secondary, if bettered, a rather encouraging longer term 273p.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
5:43:43PM	BRENT	94.23	93.1	92.235	91.16	94.41	95.46	96.06	98.76	93.7
5:45:38PM	GOLD	1644.41									Success
5:48:11PM	FTSE	7085.88
5:50:46PM	STOX50	3655.4	3609	3592	3571	3622	3655	3668	3697	3634	Success
5:52:46PM	GERMANY	13383.57									Success
6:20:58PM	US500	3900.52									Success
6:27:33PM	DOW	32860.3									Success
6:30:24PM	NASDAQ	11540									‘cess
6:32:11PM	JAPAN	27515									Success

 

28/10/2022 FTSE Closed at 7047 points. Change of -0.37%. Total value traded through LSE was: £ 4,038,109,035 a change of -18.02%

27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%

24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%

21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%

20/10/2022 FTSE Closed at 6943 points. Change of 0.27%. Total value traded through LSE was: £ 5,436,111,933 a change of 16.23%

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:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Avacta, Diageo, ECO (Atlantic) O & G, Igas Energy, Oxford Instruments, Rolls Royce, Standard Chartered, Zoo Digital,

LSE:AVCT Avacta. Close Mid-Price: 121.9 Percentage Change: + 8.84% Day High: 121.5 Day Low: 111

Further movement against Avacta ABOVE 121.5 should improve acceleration t ……..

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LSE:DGE Diageo. Close Mid-Price: 3554 Percentage Change: + 0.91% Day High: 3550.5 Day Low: 3488

Weakness on Diageo below 3488 will invariably lead to 3353 with secondary ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 36.5 Percentage Change: + 3.11% Day High: 37.25 Day Low: 35.5

Further movement against ECO (Atlantic) O & G ABOVE 37.25 should improve ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 30 Percentage Change: + 8.30% Day High: 29.5 Day Low: 24.6

Target met. Continued weakness against IGAS taking the price below 24.6 c ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2005 Percentage Change: -0.74% Day High: 2110 Day Low: 1988

Continued trades against OXIG with a mid-price ABOVE 2110 should improve ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 76.99 Percentage Change: + 0.85% Day High: 77.54 Day Low: 74.78

Further movement against Rolls Royce ABOVE 77.54 should improve accelerat ……..

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LSE:STAN Standard Chartered Close Mid-Price: 519.6 Percentage Change: -3.02% Day High: 525.6 Day Low: 515.6

Weakness on Standard Chartered below 515.6 will invariably lead to 511 wi ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 161.5 Percentage Change: + 3.53% Day High: 163.5 Day Low: 156

Further movement against Zoo Digital ABOVE 163.5 should improve accelerat ……..

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

#FTSE #GOLD

Our brief comment yesterday on Meta (Facebook) appears to be proving quite prescient, the share price currently 25% down and looking increasingly capable of achieving our threatened bottom at 77 dollars. As for the FTSE, it’s astounding to note it’s almost hopeful for the future. But only “almost”…

The FTSE had ample opportunity to close slightly higher than its previous closing price high, 7086 points on October 4th. Instead, the UK market closed, despite a fairly happy day, just up 0.2% at 7073 points, below the previous high. This is a bit of an issue, thanks to a potential which was making a grudging appearance this week.

We’ve been banging on about how important it is for a falling market to exceed a point of trend break, effectively cancelling any immediate reversal predictions. The FTSE broke its Pandemic Trend back on September 23rd, the exact level of trend break calculating at 7180.17 points. In accordance with our in-house rules, the index needs close above this level to make the first step to escape from a market region which sports a potential bottom around 6350 points. To be fair, if the UK index would even trade above 7180 points, our inclination will be to ease up on the doom and gloom and instead allow a bias toward optimism, that feeling everyone has until they look in a mirror. Or maybe that’s just me!

Humour aside, the FTSE achieving a high of 7093 on Thursday was almost a big deal as movement above 7094 points calculates with the potential of gains in the direction of 7146 next with secondary, if beaten, working out at 7197. This secondary is obviously important, residing above the trend break level of 7180 and hopefully giving the UK index a chance to close in the realms of relative safety. If triggered, the tightest stop looks wide at 7034 points.

 

If trouble is planned, below 7034 looks capable of issues as reversal to an initial 6995 calculates as possible. If broken, our secondary comes in at 6970 and hopefully a proper bounce.

 

Have a good weekend. For us, it’s Nacho’s Sunday for Formula 1 from Mexico.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:43:18PM	BRENT	94.84	93.25	92.87		94.58	95.58	98.77		93.3	‘cess
9:47:26PM	GOLD	1662.02	1654	1650		1665	1674	1678		1660
9:50:48PM	FTSE	7040	6994	6984		7035	7077	7096		7044	‘cess
9:55:18PM	STOX50	3579.8	3540	3521		3593	3619	3631		3587	Shambles
9:57:34PM	GERMANY	13126	13026	12972.5		13136	13236	13269		13134	‘cess
9:59:40PM	US500	3784	3747	3724		3812	3839	3861		3808	Success
10:09:53PM	DOW	31980	31849	31676		32067	32290	32431		32060	‘cess
10:15:26PM	NASDAQ	11075	11005	10902		11115	11422	11509		11184	Success
10:17:44PM	JAPAN	27040	26923	26813		27062	27208	27241		27074	Success

 

27/10/2022 FTSE Closed at 7073 points. Change of 0.24%. Total value traded through LSE was: £ 4,925,692,743 a change of -22.87%

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%

24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%

21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%

20/10/2022 FTSE Closed at 6943 points. Change of 0.27%. Total value traded through LSE was: £ 5,436,111,933 a change of 16.23%

19/10/2022 FTSE Closed at 6924 points. Change of -0.17%. Total value traded through LSE was: £ 4,677,060,342 a change of 1.53%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BP. BP PLC** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:NWG Natwest** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:TSCO Tesco** **

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Updated charts published on : BP PLC, British Airways, Igas Energy, IG Group, Intercontinental Hotels Group, ITM Power, ITV, Just Eat, Natwest, Rolls Royce, Serco, Tesco,

LSE:BP. BP PLC. Close Mid-Price: 481.9 Percentage Change: + 3.41% Day High: 483.3 Day Low: 466.45

Target met. In the event of BP PLC enjoying further trades beyond 483.3, ……..

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LSE:IAG British Airways. Close Mid-Price: 119.66 Percentage Change: + 1.08% Day High: 120.62 Day Low: 117

All British Airways needs are mid-price trades ABOVE 120.62 to improve a ……..

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LSE:IGAS Igas Energy Close Mid-Price: 27.7 Percentage Change: -3.15% Day High: 29.5 Day Low: 26

Target met. In the event Igas Energy experiences weakness below 26 it cal ……..

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LSE:IGG IG Group Close Mid-Price: 796.5 Percentage Change: -0.31% Day High: 802 Day Low: 790

Further movement against IG Group ABOVE 802 should improve acceleration t ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4659 Percentage Change: + 0.15% Day High: 4730 Day Low: 4609

Target met. Continued trades against IHG with a mid-price ABOVE 4730 shou ……..

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LSE:ITM ITM Power Close Mid-Price: 83.7 Percentage Change: -19.87% Day High: 87.66 Day Low: 66.02

Target met. If ITM Power experiences continued weakness below 66.02, it w ……..

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LSE:ITV ITV. Close Mid-Price: 69.6 Percentage Change: + 1.31% Day High: 70.12 Day Low: 67.62

All ITV needs are mid-price trades ABOVE 70.12 to improve acceleration to ……..

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LSE:JET Just Eat Close Mid-Price: 1501.6 Percentage Change: -0.56% Day High: 1533.8 Day Low: 1476.4

Continued trades against JET with a mid-price ABOVE 1533.8 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 247.7 Percentage Change: + 1.27% Day High: 247.4 Day Low: 240.3

Further movement against Natwest ABOVE 247.4 should improve acceleration ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 76.34 Percentage Change: + 2.51% Day High: 76.64 Day Low: 73.88

All Rolls Royce needs are mid-price trades ABOVE 76.64 to improve acceler ……..

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LSE:SRP Serco Close Mid-Price: 163.3 Percentage Change: -0.12% Day High: 167 Day Low: 162

In the event of Serco enjoying further trades beyond 167, the share shoul ……..

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LSE:TSCO Tesco. Close Mid-Price: 212.8 Percentage Change: + 0.28% Day High: 215.6 Day Low: 210.8

All Tesco needs are mid-price trades ABOVE 215.6 to improve acceleration ……..

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

#Gold #Brent

This is proving to be a funny old week, unexpectedly giving chart updates against 6 world markets to “prove” how poorly the FTSE is performing. Finally, there are signs the FTSE could be about to sit up and take note of what’s happening everywhere else, aside from a tiny little problem. We’d mentioned other markets had early signs of running out of short term “oomph” and this came to fruition on Wednesday.

For Thursday, at present, things certainly look quite rosy for the FTSE…

Wall St managed to close Wednesday unchanged while the S&P dropped by 0.7%. And the weakest of the American party, the Nasdaq, decided to see what would happen if it reversed by 2.3%. The damage to the Nasdaq could be easily ascertained as it’s US Earnings season and two major Nasdaq constituents, returned some dodgy numbers, provoking Google to fall by 10% and Microsoft by 7.8%. With Meta (Facebook), Intel, Amazon, amongst many Nasdaq constituents due to report by the end of this week, there’s plenty of reason to wonder if bad behaviour on this index shall spread to the wider market place. We glanced at Meta earlier and quick calculations mentioned a potential of weakness coming to 77 USD. At time of writing, the share is trading around 107 USD.

 

As for QinetiQ, we’re mildly surprised their share price isn’t doing better, our thinking being the company must relish current conditions in Europe as military conflict must surely form a pretty big part of a defence contractors business plan. A quick glance through news stories relating to QinetiQ for recent months indicate the company isn’t sitting around, awaiting governments filling their online shopping baskets but instead, continues to expand the company, most recently acquiring an Australian aviation company who go by the interesting name of Air Affairs.

Any hope this was an organisation facilitating comfortable membership of the Mile High Club was disappointed. Instead, it’s a company who provide Threat Representation and Mission Rehearsal products to the Australian military. Presumably, this means they fly drones or tow targets through the sky.

Presently trading around 357p, QinetiQ share price needs exceed 363p to look capable of triggering share price movement to 380p next. Should this initial target level be exceeded, our longer term secondary calculates at 411p, an amazing ambition as it will represent a new all time high. Invariably, in such a situation, some hesitation can be expected but crucially, closure above the 400p level shall be regarded as important, moving the price into a zone where a future 477p works out as possible.

 

If QinetiQ intend spoil the party, their share price needs sink below 325p as this risks triggering reversal to 294p with secondary, if broken, at 272p and hopefully a bouncy bottom. But for now, similar to the FTSE, we suspect some hope for the future is allowed.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:26:29PM	BRENT	94.27	92.1	91.87	91.02	93.2	94.42	95.15	95.97	92.73	Success
9:28:57PM	GOLD	1664.03	1654	1652	1645	1665	1672	1676	1689	1660	Success
9:31:14PM	FTSE	7033									‘cess
9:33:14PM	STOX50	3593									‘cess
9:35:42PM	GERMANY	13155									Success
9:38:02PM	US500	3838									‘cess
9:41:30PM	DOW	31932									‘cess
9:46:05PM	NASDAQ	11413
9:48:50PM	JAPAN	27411

 

26/10/2022 FTSE Closed at 7056 points. Change of 0.61%. Total value traded through LSE was: £ 6,386,400,567 a change of 43.51%

25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%

24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%

21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%

20/10/2022 FTSE Closed at 6943 points. Change of 0.27%. Total value traded through LSE was: £ 5,436,111,933 a change of 16.23%

19/10/2022 FTSE Closed at 6924 points. Change of -0.17%. Total value traded through LSE was: £ 4,677,060,342 a change of 1.53%

18/10/2022 FTSE Closed at 6936 points. Change of 0.23%. Total value traded through LSE was: £ 4,606,547,755 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:GLEN Glencore Xstra** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **

********

Updated charts published on : AFC Energy, Asos, Barrett Devs, British Telecom, Carnival, Centamin, Diageo, Glencore Xstra, Igas Energy, Intercontinental Hotels Group, Intertek, Just Eat, Natwest, Ocado Plc, Oxford Instruments, Serco, Standard Chartered,

LSE:AFC AFC Energy. Close Mid-Price: 20.3 Percentage Change: + 8.21% Day High: 20.82 Day Low: 18.02

Further movement against AFC Energy ABOVE 20.82 should improve accelerati ……..

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LSE:ASC Asos. Close Mid-Price: 639 Percentage Change: + 8.49% Day High: 658 Day Low: 573

Target met. In the event of Asos enjoying further trades beyond 658, the ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 378.3 Percentage Change: + 1.45% Day High: 385.5 Day Low: 372.9

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LSE:BT.A British Telecom. Close Mid-Price: 126.4 Percentage Change: + 0.56% Day High: 127.25 Day Low: 125.5

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LSE:CCL Carnival. Close Mid-Price: 681.8 Percentage Change: + 3.81% Day High: 690.6 Day Low: 653

Target met. In the event of Carnival enjoying further trades beyond 690.6 ……..

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LSE:CEY Centamin. Close Mid-Price: 94.8 Percentage Change: + 1.28% Day High: 95 Day Low: 93.42

All Centamin needs are mid-price trades ABOVE 95 to improve acceleration ……..

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LSE:DGE Diageo Close Mid-Price: 3581.5 Percentage Change: -1.32% Day High: 3616.5 Day Low: 3505

If Diageo experiences continued weakness below 3505, it will invariably l ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 515.9 Percentage Change: + 2.63% Day High: 515.2 Day Low: 500.4

In the event of Glencore Xstra enjoying further trades beyond 515.2, the ……..

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LSE:IGAS Igas Energy Close Mid-Price: 28.6 Percentage Change: -27.41% Day High: 41.4 Day Low: 27.8

Weakness on Igas Energy below 27.8 will invariably lead to 26 with second ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4652 Percentage Change: + 1.64% Day High: 4650 Day Low: 4561

All Intercontinental Hotels Group needs are mid-price trades ABOVE 4650 t ……..

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LSE:ITRK Intertek. Close Mid-Price: 3863 Percentage Change: + 1.21% Day High: 3888 Day Low: 3806

Continued trades against ITRK with a mid-price ABOVE 3888 should improve ……..

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LSE:JET Just Eat. Close Mid-Price: 1510 Percentage Change: + 3.23% Day High: 1519.4 Day Low: 1430

Further movement against Just Eat ABOVE 1519.4 should improve acceleratio ……..

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LSE:NWG Natwest. Close Mid-Price: 244.6 Percentage Change: + 0.08% Day High: 246.7 Day Low: 242.5

In the event of Natwest enjoying further trades beyond 246.7, the share s ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 501.4 Percentage Change: -0.67% Day High: 523.6 Day Low: 487.2

Target met. In the event of Ocado Plc enjoying further trades beyond 523. ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2075 Percentage Change: + 3.49% Day High: 2090 Day Low: 1986

Target met. All Oxford Instruments needs are mid-price trades ABOVE 2090 ……..

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LSE:SRP Serco. Close Mid-Price: 163.5 Percentage Change: + 0.49% Day High: 164.1 Day Low: 161.6

Further movement against Serco ABOVE 164.1 should improve acceleration to ……..

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LSE:STAN Standard Chartered Close Mid-Price: 526 Percentage Change: -5.12% Day High: 567.4 Day Low: 521.2

In the event Standard Chartered experiences weakness below 521.2 it calcu ……..

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

#FTSE #NASDAQ

There’s a song which includes the lyric “Get all the news I need on the weather report” *** but here in Argyll, Scotland, we just realised we’ve even stopped with weather reports. Instead, we glance at the moorings outside and count. A safe haven for the vehicle ferries, if none are tied up, winds should be light. If one ferry is parked, it’s going to be breezy and if two are moored, strong winds are expected. Seriously bad weather will bring in three or four vessels. The markets can produce similar clues.

On Monday 24th, we illustrated our expectations, when a price rises above the level of a previous trend break. It’s an easy “at a glance” tell tale, one which confirms why we often say “the trend isn’t important, what’s important is how a price reacts to a trend”. In this instance, what happened on Tuesday 25th provided a perfect case in point.

 

Five of the six world markets below had broken above their historic Pandemic uptrend break. As a result, we expected some positive movements and all obliged. The one which didn’t was the FTSE as it still needs exceed roughly 7200 points to enter happy territory. But currently, there’s no force allowing optimism and the UK market closed Monday at 7013 points, exactly the same level at which it closed Tuesday. Perhaps Wednesday may provide some gains, especially as there’s a bit of an argument suggesting other markets may run out of short term oomph.  We shall know soon!

Rentokil Initial It’s amusing to note Rentokil didn’t actual break their Pandemic uptrend, perhaps an indication of some strength for the share price. We suspect this shall prove to be the case, probably in the near future.

Currently trading around 522p, the share price needs exceed 523p to hopefully trigger movement in the direction of an initial 546p. As the chart shows, this looks capable of challenging the immediate Blue downtrend, doubtless provoking some hesitation in any rise.  In the even 546p is exceeded, our longer term secondary calculates at a future 571p. In this case, the secondary could easily prove game changing as a glance at the chart reveals it represents a new high for 2022. Or to be blunt, it dumps the share price into a region where a future 658p works out as a viable ambition. Given such a target level matches the high of 2021, it even makes a degree of sense but, to be fair, we’d demand seeing the share price actually close above 571p before daring to believe it’s real!

 

If things intend go wrong, the price moving below 460p would be required to give early warning of real trouble. Movement such as this calculates with the risk of reversal to an initial 420p with secondary, if broken, a bottom at 380p, ideally capable of providing a reasonable bounce.

For now, we suspect Rentokil intends head upward.

*** Simon & Garfunkel, The Only Living Boy In New York.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:53:54PM	BRENT	91.63
10:55:38PM	GOLD	1653.35									‘cess
10:59:52PM	FTSE	7000.67	6972	6961	6940	6995	7025	7039	7151	6985	‘cess
11:02:16PM	STOX50	3567									‘cess
11:04:33PM	GERMANY	13026									‘cess
11:07:28PM	US500	3823.62									Success
11:10:43PM	DOW	31752.4									Success
11:13:07PM	NASDAQ	11450	11382	11251	11106	11474	11686	11750	11873	11558	Success
11:17:05PM	JAPAN	27440									Success

 

25/10/2022 FTSE Closed at 7013 points. Change of 0%. Total value traded through LSE was: £ 4,450,107,561 a change of -2.44%

24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%

21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%

20/10/2022 FTSE Closed at 6943 points. Change of 0.27%. Total value traded through LSE was: £ 5,436,111,933 a change of 16.23%

19/10/2022 FTSE Closed at 6924 points. Change of -0.17%. Total value traded through LSE was: £ 4,677,060,342 a change of 1.53%

18/10/2022 FTSE Closed at 6936 points. Change of 0.23%. Total value traded through LSE was: £ 4,606,547,755 a change of 0%

17/10/2022 FTSE Closed at 6920 points. Change of 0.9%. Total value traded through LSE was: £ 4,606,393,574 a change of -22.77%

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:ASC Asos** **LSE:BDEV Barrett Devs** **LSE:CCL Carnival** **LSE:FOXT Foxtons** **LSE:HSBA HSBC** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:SCLP Scancell** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Asos, Barrett Devs, Carnival, Foxtons, HSBC, IG Group, Intertek, Just Eat, Ocado Plc, Oxford Instruments, Scancell, Zoo Digital,

LSE:ASC Asos. Close Mid-Price: 589 Percentage Change: + 13.82% Day High: 611 Day Low: 518

Target met. Continued trades against ASC with a mid-price ABOVE 611 shoul ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 372.9 Percentage Change: + 3.24% Day High: 374.6 Day Low: 356.7

Target met. In the event of Barrett Devs enjoying further trades beyond 3 ……..

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LSE:CCL Carnival. Close Mid-Price: 656.8 Percentage Change: + 5.66% Day High: 655 Day Low: 628.8

All Carnival needs are mid-price trades ABOVE 655 to improve acceleration ……..

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LSE:FOXT Foxtons Close Mid-Price: 27.75 Percentage Change: -1.77% Day High: 28.15 Day Low: 27.15

If Foxtons experiences continued weakness below 27.15, it will invariably ……..

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LSE:HSBA HSBC Close Mid-Price: 442.65 Percentage Change: -6.83% Day High: 460.3 Day Low: 436.2

Weakness on HSBC below 436.2 will invariably lead to 413 with secondary ( ……..

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LSE:IGG IG Group. Close Mid-Price: 792.5 Percentage Change: + 3.93% Day High: 791.5 Day Low: 767

Continued trades against IGG with a mid-price ABOVE 791.5 should improve ……..

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LSE:ITRK Intertek. Close Mid-Price: 3817 Percentage Change: + 1.44% Day High: 3819 Day Low: 3728

In the event of Intertek enjoying further trades beyond 3819, the share s ……..

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LSE:JET Just Eat. Close Mid-Price: 1462.8 Percentage Change: + 10.90% Day High: 1465.4 Day Low: 1332.4

All Just Eat needs are mid-price trades ABOVE 1465 to improve acceleratio ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 504.8 Percentage Change: + 5.30% Day High: 504.6 Day Low: 469.1

Further movement against Ocado Plc ABOVE 504.6 should improve acceleratio ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2005 Percentage Change: + 4.75% Day High: 2025 Day Low: 1906

Target met. In the event of Oxford Instruments enjoying further trades be ……..

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LSE:SCLP Scancell. Close Mid-Price: 15.4 Percentage Change: + 17.33% Day High: 18.25 Day Low: 14.75

All Scancell needs are mid-price trades ABOVE 18.25 to improve accelerati ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 157.5 Percentage Change: + 4.65% Day High: 160.5 Day Low: 150.5

Target met. Continued trades against ZOO with a mid-price ABOVE 160.5 sho ……..

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

#Gold #SP500

Worldwide, market trends starting in March 2020 became quite apparent. We’ve become used to knowing it as the Pandemic Trend, represented as a Red line on charts dealing with World indices. In-house, we’ve a rule of thumb which kicks in, when a “price” exceeds the point of a trend break. Briefly, we expect the price to continue climbing in the absence of anything negative happening.

On Monday 24th October, both Wall St and the S&P exceeded their previous trend break levels, as did the Euro Stoxx 50 and the DAX. We’ve shown a collection of chart excerpts below (and will admit to being puzzled by Australia) but worldwide, it appears markets are choosing to exceed their point of trend break, giving considerable hope for market conditions in the next few months.

Except, that is, for viewers in the UK…

The FTSE needs exceed somewhere around 7180 points to join the Optimistic Party yet languishes below Red. From our perspective, there’s no similarity to the S&P500 as while it remains below Red, the index value has exceeded the level at trend break (just – it was 3782 points) and now looks like claiming its place in a hopeful future. The other outlier, Australia, exceeded its Red trend at the start of October and visually seems to have moved faster than everyone else. We suspect it shall now stop messing around and join the rest in enjoying positive movement toward the year end.

Except for viewers in the UK… as we said earlier. The FTSE remains risky, possibly able to explore a bottom around 6350 if a politician does anything silly, like think. Hopefully it shall prove to be the case where the FTSE succumbs to the wider mood, experiencing gains in concert with everyone else.

Legal and General Group Curiously, when we apply our Pandemic trend argument to LGEN, their share price needs close above 240p to suggest happy days ahead. Currently trading around 233p, we’ve a pocketful of hope as it doesn’t need any great impetus to start some recovery. Near term, above 240p should impart sufficient oomph to make an attempt at 246p next. If exceeded, our secondary calculates at 268p, an ambition which makes a lot of visual sense, especially as it looks like a “glass ceiling” in waiting.

In the longer term, closure above 268p shall prove crucial as we can already work out a longer term ambition at 324p sometime in the future.

 

However, despite us gushing modest optimism, we dare not forget the salient detail of the price currently trading below the historic Red uptrend. This sort of positioning frequently allows any negative news flow to provide exaggerated reversals. In the case of Legal and General, below 219p should provide sufficient early warning as this looks able to trigger reversal to an initial 207 with secondary, if broken, at a hopeful bottom of 177p

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:48:32PM	BRENT	91.84									Shambles
9:50:39PM	GOLD	1650.18	1643	1637	1626	1654	1659	1665	1673	1647
9:52:46PM	FTSE	7020									‘cess
9:55:13PM	STOX50	3531									‘cess
9:57:34PM	GERMANY	12926									‘cess
9:59:32PM	US500	3794	3725	3705	3670	3760	3810	3824	3857	3775
10:20:58PM	DOW	31503									Success
10:22:53PM	NASDAQ	11419.97									‘cess
10:24:46PM	JAPAN	27152

 

24/10/2022 FTSE Closed at 7013 points. Change of 0.63%. Total value traded through LSE was: £ 4,561,328,828 a change of -1.86%

21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%

20/10/2022 FTSE Closed at 6943 points. Change of 0.27%. Total value traded through LSE was: £ 5,436,111,933 a change of 16.23%

19/10/2022 FTSE Closed at 6924 points. Change of -0.17%. Total value traded through LSE was: £ 4,677,060,342 a change of 1.53%

18/10/2022 FTSE Closed at 6936 points. Change of 0.23%. Total value traded through LSE was: £ 4,606,547,755 a change of 0%

17/10/2022 FTSE Closed at 6920 points. Change of 0.9%. Total value traded through LSE was: £ 4,606,393,574 a change of -22.77%

14/10/2022 FTSE Closed at 6858 points. Change of 0.12%. Total value traded through LSE was: £ 5,964,231,785 a change of 0.52%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:NWG Natwest** **LSE:OXIG Oxford Instruments** **LSE:QFI Quadrise** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : BP PLC, Carnival, Centamin, Hikma, Intercontinental Hotels Group, Natwest, Oxford Instruments, Quadrise, Zoo Digital,

LSE:BP. BP PLC. Close Mid-Price: 470 Percentage Change: + 1.19% Day High: 474.1 Day Low: 458.25

Further movement against BP PLC ABOVE 475 should maintain acceleration tow ……..

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LSE:CCL Carnival Close Mid-Price: 621.6 Percentage Change: -0.61% Day High: 642 Day Low: 614.6

Above 642 still points at the potential of the price drifting up to 685 wi ……..

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LSE:CEY Centamin. Close Mid-Price: 93 Percentage Change: + 2.67% Day High: 94.74 Day Low: 89.98

Target Met. Next above 94.75 points at 96.8 next with secondary, if better ……..

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LSE:HIK Hikma Close Mid-Price: 1191 Percentage Change: -0.50% Day High: 1205 Day Low: 1174.5

Target Met. Further weakness below 1174 now points at 1130 next with secon ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4528 Percentage Change: + 1.37% Day High: 4633 Day Low: 4479

Now mildly hopeful, above 4633 should apparently make a stab at 4701 next ……..

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LSE:NWG Natwest. Close Mid-Price: 240.5 Percentage Change: + 2.30% Day High: 242.7 Day Low: 236

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

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LSE:OXIG Oxford Instruments. Close Mid-Price: 1914 Percentage Change: + 3.12% Day High: 1962 Day Low: 1864

It is possible something useful is about to happen as above 1962 points at ……..

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LSE:QFI Quadrise. Close Mid-Price: 2.52 Percentage Change: + 22.28% Day High: 2.6 Day Low: 2.07

All Quadrise needs are mid-price trades ABOVE 2.8 to improve acceleration ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 150.5 Percentage Change: + 5.61% Day High: 150.5 Day Low: 142.5

All Zoo Digital needs are mid-price trades ABOVE 151 to improve accelerati ……..

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

#Brent #Dax

As the UK starts to play the last game of ‘Find A Prime Minister’ for 2022, maybe a miracle shall occur. More likely, with a search restricted to the immediate trough, we shall enjoy a General Election early in 2023. Surely politicians cannot be so completely self unaware as to completely miss the low regard in which they are held, similar to UK retail bank shares, only worse!

Lloyds share price is still a little concerning as below 40p now suggests imminent weakness down to an initial 36.7p. If broken, our longer term secondary now works out at 33.25p, hopefully a point at which a proper rebound shall occur.

 

Otherwise, it is still the case Lloyds requires – from our perspective – to close a session above 43.5p to give real hope. A truly surprise movement like this should position the share price quite neatly, now capable of recovery to an initial 47p with secondary, if exceeded, working out at a longer term  51.8p. Unfortunately, for now, Lloyds share price movements are making about as much sense as the governments ability to discover someone competent to lead it.

We fear Lloyds is destined to explore further depths, probably with an eventual bottom at our 33.25p. It even makes sense visually.

Finally, sorry this report is so short and sharp. It’s absolutely nothing to do with watching the US Grand Prix on Sunday evening, nothing at all…

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
8:53:55PM	BRENT	91.82	89.66	89.22	87.85	91.38	92.3	92.75	93.78	91.3
8:55:11PM	GOLD	1658.23								1637
8:59:24PM	FTSE	7004.06								6948
9:01:36PM	STOX50	3522								3459
9:03:55PM	GERMANY	12873	12675	12531	12392	12822	12874	12961	13101	12730
9:06:23PM	US500	3754.07								3730
9:08:22PM	DOW	31092.7								30822
9:10:18PM	NASDAQ	11311								11175
9:12:04PM	JAPAN	27140								26962

21/10/2022 FTSE Closed at 6969 points. Change of 0.37%. Total value traded through LSE was: £ 4,647,659,700 a change of -14.5%

20/10/2022 FTSE Closed at 6943 points. Change of 0.27%. Total value traded through LSE was: £ 5,436,111,933 a change of 16.23%

19/10/2022 FTSE Closed at 6924 points. Change of -0.17%. Total value traded through LSE was: £ 4,677,060,342 a change of 1.53%

18/10/2022 FTSE Closed at 6936 points. Change of 0.23%. Total value traded through LSE was: £ 4,606,547,755 a change of 0%

17/10/2022 FTSE Closed at 6920 points. Change of 0.9%. Total value traded through LSE was: £ 4,606,393,574 a change of -22.77%

14/10/2022 FTSE Closed at 6858 points. Change of 0.12%. Total value traded through LSE was: £ 5,964,231,785 a change of 0.52%

13/10/2022 FTSE Closed at 6850 points. Change of 0.35%. Total value traded through LSE was: £ 5,933,139,923 a change of 16.34%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BARC Barclays** **LSE:CEY Centamin** **LSE:CNA Centrica** **LSE:DARK Darktrace Plc** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:OCDO Ocado Plc** **

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Updated charts published on : Barclays, Centamin, Centrica, Darktrace Plc, Hikma, Ocado Plc,

LSE:BARC Barclays Close Mid-Price: 145.04 Percentage Change: -0.21% Day High: 145.78 Day Low: 141.9

If Barclays experiences continued weakness below 141.9, it will invariabl ……..

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LSE:CEY Centamin. Close Mid-Price: 90.58 Percentage Change: + 2.17% Day High: 90.7 Day Low: 86.64

In the event of Centamin enjoying further trades beyond 90.7, the share s ……..

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LSE:CNA Centrica Close Mid-Price: 67.36 Percentage Change: -2.72% Day High: 69.62 Day Low: 65.78

If Centrica experiences continued weakness below 65.78, it will invariabl ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 347.9 Percentage Change: -4.82% Day High: 372.2 Day Low: 343.1

In the event of Darktrace Plc enjoying further trades beyond 372.2, the s ……..

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LSE:HIK Hikma Close Mid-Price: 1197 Percentage Change: -1.12% Day High: 1212.5 Day Low: 1184

If Hikma experiences continued weakness below 1184, it will invariably le ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 741.8 Percentage Change: -1.93% Day High: 757.2 Day Low: 736

Weakness on Hargreaves Lansdown below 736 will invariably lead to 722 wit ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 484.6 Percentage Change: -1.88% Day High: 502.4 Day Low: 467.9

Continued trades against OCDO with a mid-price ABOVE 502.4 should improve ……..

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