Trends And Targets

#Gold #SP500

When reading an article about gas production, an interesting detail was the UK doesn’t import gas from Russia while mainland Europe requires it for electricity production. Unfortunately, the UK imports around 60% of its electricity from Europe with the result obstruction of Russian gas supply will still effect the UK, along with Europe, this winter.

It’s funny how the darker evenings tend focus the mind in such a direction, especially due to it being almost dark on Monday by 4pm here in Argyll, Scotland. Low cloud along with constant rain saw the streetlights pop into action by 3pm, once again another year when we curse the clocks changing for winter.

 

Serica Energy Plc, a company with around 20% of their production being oil with the remainder being natural gas, produce around 5% of the UK’s gas needs. Their website also employs a strong font to boast “Serica is debt free with strong cash flows from production”. Doubtless, due to current energy prices, even their janitorial and canteen staff are doubtless swayed in the direction of Porsche rather than Ferrari, thanks to this weeks Top Gear road test conclusion.

The surprise with Serica is their share price, despite industry members announcing record profits due to taking advantage of inflation, has been in decline since September. Hopefully, we’re seeing early signs it may have bottomed, needing above 329p to suggest imminent movement to a modest 339p next. Movement such as this shall be viewed as positive, exceeding the immediate downtrend and allowing a secondary, should 339p be exceeded, at a more generous 383p, along with almost certain hesitation due to a history of stutters around such a level. Only with closure above 383p shall we dare admit we can calculate a distant 475p as producing a long term attraction.

 

As always with shares, there’s a fly in the ointment and we’ve circled it on the chart. On October 31st, there was a very deliberate intraday movement below the Red uptrend. The day ended with the share price closing above the trend, creating the impression it was all a terrible mistake. We dislike this sort of thing and often regard these trend breaks as early warning for some sort of pending future mess. In this instance, below 288p will make a visit to 250p a viable proposition with secondary, if broken, at 192p and hopefully a bounce.

To be fair, even a break of Red at around 300p currently would give early cause for real concern. But for now, we suspect it intends head to 383p on the current movement cycle.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:43:48PM	BRENT	97.56
9:46:35PM	GOLD	1674.67	1665	1662	1656	1675	1682	1685	1692	1673
9:49:06PM	FTSE	7268.78									‘cess
9:53:33PM	STOX50	3709.8
9:56:01PM	GERMANY	13535.97
9:58:01PM	US500	3805.02	3741	3716	3684	3772	3809	3819	3835	3798	‘cess
10:00:12PM	DOW	32810									Success
10:02:08PM	NASDAQ	10980
10:04:48PM	JAPAN	27617									‘cess

+

7/11/2022 FTSE Closed at 7299 points. Change of -0.48%. Total value traded through LSE was: £ 5,133,479,286 a change of -2.79%

4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%

3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

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%

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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CASP Caspian** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SRP Serco** **LSE:TLW Tullow** **LSE:TSCO Tesco** **

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Updated charts published on : Applied Graphene, Aston Martin, Asos, Barclays, Barrett Devs, Caspian, British Airways, IQE, ITV, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Rolls Royce, Sainsbury, Scancell, Serco, Tullow, Tesco,

LSE:AGM Applied Graphene Close Mid-Price: 11 Percentage Change: -10.20% Day High: 12.25 Day Low: 11

Target met. Weakness on Applied Graphene below 11 will invariably lead to ……..

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LSE:AML Aston Martin. Close Mid-Price: 133.9 Percentage Change: + 19.61% Day High: 134.75 Day Low: 110.55

Target met. All Aston Martin needs are mid-price trades ABOVE 134.75 to i ……..

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LSE:ASC Asos. Close Mid-Price: 647 Percentage Change: + 2.37% Day High: 668.5 Day Low: 613

Further movement against Asos ABOVE 668.5 should improve acceleration tow ……..

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LSE:BARC Barclays Close Mid-Price: 152.6 Percentage Change: -0.60% Day High: 155.5 Day Low: 151.84

Continued trades against BARC with a mid-price ABOVE 155.5 should improve ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 385.7 Percentage Change: -0.75% Day High: 393.9 Day Low: 382.8

Target met. All Barrett Devs needs are mid-price trades ABOVE 393.9 to im ……..

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LSE:CASP Caspian. Close Mid-Price: 4.15 Percentage Change: + 15.28% Day High: 4.8 Day Low: 3.45

Continued trades against CASP with a mid-price ABOVE 4.8 should improve t ……..

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LSE:IAG British Airways. Close Mid-Price: 127.78 Percentage Change: + 2.24% Day High: 128.36 Day Low: 123.5

In the event of British Airways enjoying further trades beyond 128.36, t ……..

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LSE:IQE IQE. Close Mid-Price: 45.2 Percentage Change: + 4.39% Day High: 45.5 Day Low: 43.5

Further movement against IQE ABOVE 45.5 should improve acceleration towar ……..

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LSE:ITV ITV. Close Mid-Price: 71.38 Percentage Change: + 4.05% Day High: 71.72 Day Low: 68.38

Continued trades against ITV with a mid-price ABOVE 71.72 should improve ……..

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LSE:JET Just Eat. Close Mid-Price: 1792.4 Percentage Change: + 2.53% Day High: 1800 Day Low: 1726.6

Further movement against Just Eat ABOVE 1800 should improve acceleration ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 115 Percentage Change: + 2.09% Day High: 117.6 Day Low: 111.45

Target met. In the event of Marks and Spencer enjoying further trades bey ……..

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LSE:NG. National Glib Close Mid-Price: 955.8 Percentage Change: -1.20% Day High: 977.4 Day Low: 957.2

Continued trades against NG. with a mid-price ABOVE 977.4 should improve ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 674.2 Percentage Change: + 6.34% Day High: 698.6 Day Low: 630.6

Continued trades against OCDO with a mid-price ABOVE 698.6 should improve ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 86.35 Percentage Change: + 1.46% Day High: 86.25 Day Low: 82.95

All Rolls Royce needs are mid-price trades ABOVE 86.25 to improve acceler ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 218 Percentage Change: + 4.46% Day High: 219.3 Day Low: 208.1

Continued trades against SBRY with a mid-price ABOVE 219.3 should improve ……..

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LSE:SCLP Scancell. Close Mid-Price: 20 Percentage Change: + 4.58% Day High: 20.35 Day Low: 19.38

In the event of Scancell enjoying further trades beyond 20.35, the share ……..

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LSE:SRP Serco Close Mid-Price: 164.4 Percentage Change: -1.20% Day High: 168 Day Low: 159.5

All Serco needs are mid-price trades ABOVE 168 to improve acceleration to ……..

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LSE:TLW Tullow. Close Mid-Price: 48.92 Percentage Change: + 1.16% Day High: 49.48 Day Low: 47.72

Continued trades against TLW with a mid-price ABOVE 49.48 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 227.7 Percentage Change: + 2.02% Day High: 228.8 Day Low: 222

In the event of Tesco enjoying further trades beyond 228.8, the share sho ……..

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

#Brent #Stoxx50

With “I’m a Celebrity” back on TV, sadly missing from our screens during the last 3 Prime Ministers, the UK government must be hoping for  a respite from bad headlines despite one of their number feeding at the Australian trough as part of the show. However, there’s now another facet of life which may detract from political incompetence in the weeks ahead, unusual optimism!

Barclays share price has done the unthinkable. It has finally closed a session above the level of trend break back in September (151.54p) making the likelihood of sharp reversal quite a difficult stance to defend. To be honest, we’re fairly hopeful for the share price to start doing something useful in the weeks ahead.

 

The immediate situation allows for movement next above 155p to make an attempt at an initial 160p. Our secondary target, if the initial is exceeded, works out at a visually sane ambition of 169p. A glance at the charts suggests the potential of some hesitation around the 169p level, if only due to the series of four attempts at this level during this year. It’s important to point out share price closure above the 169p level shall prove especially important for the longer term as a future lunge in the direction of 192p calculates as especially confident.

 

Should Barclays once again intend test the buttock clenching powers of traders, the share price needs execute a tumble below 146p to tick the first box marked “Trouble” as this risks provoking reversal to an initial 140p. Below this level, things get hairier than a Bushmaster Trial as a future secondary of 123p works out as possible.

For now, maybe it’s playing a game of “I’m a Reasonable Share Price, Get Up there”…

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop
5:13:30PM	BRENT	98.43	94.92	94.56	93.24	96.8	98.59	99.29	100.91	96.54
5:15:27PM	GOLD	1681
5:19:15PM	FTSE	7347.48
5:21:10PM	STOX50	3698.8	3651	3633	3607	3675	3712	3721	3744	3680
5:23:22PM	GERMANY	13491.25
5:25:03PM	US500	3769.28
5:27:04PM	DOW	32399
5:57:51PM	NASDAQ	10852.2
5:59:42PM	JAPAN	27492

 

4/11/2022 FTSE Closed at 7334 points. Change of 2.03%. Total value traded through LSE was: £ 5,280,778,356 a change of 17.81%

3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

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%

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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CASP Caspian** **LSE:ECO ECO (Atlantic) O & G** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:TLW Tullow** **

********

Updated charts published on : Applied Graphene, Aston Martin, Barclays, Barrett Devs, BP PLC, Caspian, ECO (Atlantic) O & G, Glencore Xstra, British Airways, Intercontinental Hotels Group, Just Eat, Marks and Spencer, National Glib, Rolls Royce, Scancell, Tullow,

LSE:AGM Applied Graphene Close Mid-Price: 12.25 Percentage Change: -2.00% Day High: 12.5 Day Low: 12.25

If Applied Graphene experiences continued weakness below 12.25, it will i ……..

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LSE:AML Aston Martin. Close Mid-Price: 111.95 Percentage Change: + 6.62% Day High: 114.3 Day Low: 103.45

In the event of Aston Martin enjoying further trades beyond 114.3, the sh ……..

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LSE:BARC Barclays. Close Mid-Price: 153.52 Percentage Change: + 2.68% Day High: 154.52 Day Low: 150.38

All Barclays needs are mid-price trades ABOVE 154.52 to improve accelerat ……..

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LSE:BDEV Barrett Devs. Close Mid-Price: 388.6 Percentage Change: + 2.42% Day High: 390.1 Day Low: 377.3

Further movement against Barrett Devs ABOVE 390.1 should improve accelera ……..

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LSE:BP. BP PLC. Close Mid-Price: 499.95 Percentage Change: + 1.31% Day High: 504.4 Day Low: 493

Target met. Further movement against BP PLC ABOVE 504.4 should improve ac ……..

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LSE:CASP Caspian. Close Mid-Price: 3.6 Percentage Change: + 44.00% Day High: 4 Day Low: 2.6

Despite an interesting day, this managed to remain dodgy. The only good ne ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 40.8 Percentage Change: + 3.03% Day High: 42 Day Low: 39.75

All ECO (Atlantic) O & G needs are mid-price trades ABOVE 42 to improve a ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 532 Percentage Change: + 2.50% Day High: 548.2 Day Low: 529.1

Target met. All Glencore Xstra needs are mid-price trades ABOVE 548.2 to ……..

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LSE:IAG British Airways. Close Mid-Price: 124.98 Percentage Change: + 0.94% Day High: 126.64 Day Low: 123.96

Target met. Further movement against British Airways ABOVE 126.64 should ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4789 Percentage Change: + 1.55% Day High: 4851 Day Low: 4691

In the event of Intercontinental Hotels Group enjoying further trades bey ……..

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LSE:JET Just Eat. Close Mid-Price: 1748.2 Percentage Change: + 16.39% Day High: 1755 Day Low: 1533

Target met. All Just Eat needs are mid-price trades ABOVE 1755 to improve ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 112.65 Percentage Change: + 2.78% Day High: 113.6 Day Low: 109.15

Continued trades against MKS with a mid-price ABOVE 113.6 should improve ……..

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LSE:NG. National Glib. Close Mid-Price: 967.4 Percentage Change: + 0.39% Day High: 975 Day Low: 958.6

Further movement against National Glib ABOVE 975 should improve accelerat ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 85.11 Percentage Change: + 6.18% Day High: 85.52 Day Low: 80.58

Target met. In the event of Rolls Royce enjoying further trades beyond 85 ……..

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LSE:SCLP Scancell. Close Mid-Price: 19.12 Percentage Change: + 2.68% Day High: 19.5 Day Low: 18.62

Further movement against Scancell ABOVE 19.5 should improve acceleration ……..

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LSE:TLW Tullow. Close Mid-Price: 48.36 Percentage Change: + 5.73% Day High: 48.74 Day Low: 45.56

All Tullow needs are mid-price trades ABOVE 48.74 to improve acceleration ……..

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

#FTSE #Nasdaq

In celebration of the first really sunny day for an age, the little tractor was coaxed into life, and the lawn given its final cut of the year. Hopefully! Provoking the panic was the sight of a particular patch of grass, suddenly sprouting, a real puzzle as this area of the lawn usually needs cut the least. Only once the tractor was hosed down and back in the shed did the completely obvious penny drop.

It’s Autumn and the trees have lost their leaves, creating a situation where the early morning sun is now shining through the office windows, the forest no longer shielding our eyes. This sunshine, while making its autumnal way to the office, also illuminates about a 10 metre wide strip of lawn, which has waited the entire summer to frantically grow.

If only something similar would happen with the UK’s AIM market…

 

We’re waiting with baited breath for the FTSE to burst into life, the UK’s index again achieving a “higher high” since closing above the point of trend-break on Tuesday. Okay, so far things are proving about as exciting as a report on Facebook (Meta) share price, something we still suspect shall bottom by $77. It’s currently in the 80’s. But for the FTSE, on Tuesday it closed a whole 6 points above the trend-break level and Thursday found us asthmatic with a closing price now 8 points above the trend level. However, it’s the AIM which is of immediate concern.

Currently trading around 809, the AIM needs exceed 861 points to exceed its personal Pandemic trend-break level and cause an outbreak of enthusiasm. Thankfully, this index doesn’t need try terribly hard to kick itself into life.

At present, we’d regard 825 as a viable trigger level for the AIM, a number which should trigger movement to an initial 842 with secondary, if exceeded, working out at 867 points. This should permit this index to close above the critical 861 points and as a result, discover itself trading in a zone where a longer term attraction should be viewed at 1098 points.

Perhaps it shall be the case the AIM will discover its own little patch of sunlight and start some recovery, maybe even with one of these mythical Santa Rally events. Otherwise, it’s actually trading in a zone where our ultimate bottom works out at a silly looking 575 points.

 

 

FTSE for Friday Things are becoming a little concerning, thanks to efforts in the USA and UK to derail economic hopes with interest rates. The latest BoE projections suggesting they’ve successfully forced the UK into recession for the next couple of years will prove especially worrying for folk with variable mortgages, reminding of a lyric from a (terrible) David Bowie song “Puting out the fire with gasoline”. We’re more than a little puzzled “they” opted to wait until the FTSE was showing signs of recovery before acting. In the USA, things are already looking quite fragile and now, it appears the Nasdaq intends bottom around 9200 points. Similarly, the S&P 500 looks like it may struggle to avoid a visit to the 3000 point level but conversely, Wall St isn’t showing any great signals for calamity, needing below 31550 to raise the first eyebrow.

Near term, the FTSE below 7075 points looks capable of reversal to an initial 7031 with secondary, when broken, down at 6968 points and hopefully a bounce. If triggered, the tightest stop looks reasonable at 7121 points.

Our alternate, happier, scenario from a world which promotes the concept of the UK market heading to 7467 points, suggests strength above 7208 points should take aim at an initial 7251 with our longer term (or later that day) secondary ambition working out at 7331 points. Hopefully our little bit of sunlight also shines on the FTSE.

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
8:59:04PM	BRENT	94.27	93.8	92.745		95.24	96.27	96.77		94.95
9:09:59PM	GOLD	1629.95	1617	1612		1629	1633	1638		1624	Success
9:11:50PM	FTSE	7191.99	7133	7126		7166	7201	7244		7167
9:18:44PM	STOX50	3591.8	3560	3549		3586	3598	3611		3578
9:56:02PM	GERMANY	13127.5	13018	12943		13151	13197	13216		13160	‘cess
9:58:16PM	US500	3716	3695	3663		3749	3767	3776		3746	‘cess
10:00:32PM	DOW	31987.2	31713	31546		32035	32240	32418		32060	‘cess
10:04:16PM	NASDAQ	10677	10667	10583		10780	10957	11057		10856	‘cess
10:07:33PM	JAPAN	27277	27251	27137		27361	27407	27471		27298	‘cess

3/11/2022 FTSE Closed at 7188 points. Change of 0.62%. Total value traded through LSE was: £ 4,482,607,171 a change of -6.53%

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

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%

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:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:ECO ECO (Atlantic) O & G** **LSE:NG. National Glib** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:TSCO Tesco** **

********

Updated charts published on : Aston Martin, BP PLC, British Telecom, ECO (Atlantic) O & G, National Glib, Sainsbury, Scancell, Tesco,

LSE:AML Aston Martin. Close Mid-Price: 105 Percentage Change: + 17.21% Day High: 103 Day Low: 88.6

Target met. Further movement against Aston Martin ABOVE 105 should improv ……..

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LSE:BP. BP PLC. Close Mid-Price: 493.5 Percentage Change: + 1.89% Day High: 494.25 Day Low: 479.85

All BP PLC needs are mid-price trades ABOVE 494.25 to improve acceleratio ……..

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LSE:BT.A British Telecom Close Mid-Price: 116.4 Percentage Change: -8.88% Day High: 123.45 Day Low: 113.95

Target met. In the event British Telecom experiences weakness below 113.9 ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 39.6 Percentage Change: + 14.78% Day High: 41.5 Day Low: 36.25

Target met. In the event of ECO (Atlantic) O & G enjoying further trades ……..

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LSE:NG. National Glib Close Mid-Price: 963.6 Percentage Change: -0.19% Day High: 966.6 Day Low: 950

All National Glib needs are mid-price trades ABOVE 966.6 to improve accel ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 211.6 Percentage Change: + 6.95% Day High: 212.5 Day Low: 199.15

Now above 213 should be useful, indicating the potential of a move to 225 ……..

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LSE:SCLP Scancell. Close Mid-Price: 18.62 Percentage Change: + 7.97% Day High: 18.75 Day Low: 17.12

Continued trades against SCLP with a mid-price ABOVE 18.75 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 223 Percentage Change: + 2.86% Day High: 223.2 Day Low: 215.4

Continued trades against TSCO with a mid-price ABOVE 223.2 should improve ……..

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

#Gold #SP500

It appears Lithium is hot this week as a bunch of emails appeared, asking our thoughts on Firering. It was easy to make the assumption their activities were based in The Ring Of Fire, around the Pacific ocean, due to the company name. Instead, it transpires they operate in West Africa. But first, some thoughts on the US interest rate change, the UK expected to follow suit.

The whole interest rate thing is, personally, an enigma. A common refrain from governments is of the need to raise interest rates to control inflation, mindset which appears counter intuitive. By increasing interest rates, the cost of money increases, the cost of living increases, and of course, inflation goes up. Is it really the case governments want to harm industry and business by forcing prices higher, to reduce demand, necessitating business’ to reduce margins and cut prices in the hope of creating demand.

Simply from viewing the price of crude oil alone, the (almost) worldwide gambit of price gouging was clearly agreed before Russia did anything to Ukraine, oil and gas prices being seen as a leading cause in the current inflationary cycle. Perhaps there’s a little magic from interest rates we’re all unaware of, maybe provoking the cost of refining a barrel of crude to reduce from $49 back closer to the original $9 at the start if this year. Alas, rather than dare question why this occurred in a synchronised event among the oil majors , politicians just shake their heads and shrug about the dangers of inflation. It’s all a little crazy, the logic surely ensuring the statue of economist Thomas Malthus spins on its plinth when no-one is watching.

 

For those who want to learn more about Firering activities, a visit to their website is recommended where the reader can discover all about Lithium and Coltan in Cote D’Ivoire.

 

However, we’re more interested in their share price as it looks like it’s being primed for some positive movement, gapped up substantially at the market open on 2nd November. Our inclination is to treat the immediate near term target of 13.5p as a trigger level.

Above 13.5p calculates with the potential of a lift to 15.8p next with secondary, if exceeded, calculating at 20.5p. Visually, it certainly looks like our initial target of 15.8p should provoke some sort of hesitation, given this ambition marginally exceeds the opening price in November last year. At present, the highest we dare project into the future is 20.5p but should such a hope come to fruition, we shall certainly revisit the numbers and calculate things again.

The share price requires below 8.5p to indulge panic but, given the strength of the opening price manipulation on the 2nd Nov, it appears the market may have strong plans for the future.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:38:08PM	BRENT	95.42									‘cess
9:40:20PM	GOLD	1635.71	1634	1631	1618	1642	1649	1652	1658	1639
9:44:38PM	FTSE	7110.5									‘cess
9:48:09PM	STOX50	3585.8									Success
9:50:31PM	GERMANY	13160									Shambles
9:52:55PM	US500	3761.77	3750	3726	3669	3785	3819	3845	3877	3772	Success
10:30:11PM	DOW	32137									Success
10:32:36PM	NASDAQ	10892.47
10:35:01PM	JAPAN	27287									Shambles

 

2/11/2022 FTSE Closed at 7144 points. Change of -0.58%. Total value traded through LSE was: £ 4,796,024,351 a change of -6.77%

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

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%

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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:GLEN Glencore Xstra** **LSE:HUR Hurrican Energy** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Glencore Xstra, Hurrican Energy, Zoo Digital,

LSE:AFC AFC Energy Close Mid-Price: 21.32 Percentage Change: -6.74% Day High: 23.62 Day Low: 21.52

In the event of AFC Energy enjoying further trades beyond 23.7, the share ……..

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LSE:AGM Applied Graphene Close Mid-Price: 12.5 Percentage Change: -10.71% Day High: 14.68 Day Low: 12.5

The share requires to trade ABOVE 17 to give an initial 22 with secondary, ……..

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LSE:AML Aston Martin Close Mid-Price: 89.58 Percentage Change: -15.25% Day High: 99.98 Day Low: 87.5

Below 86 now looks capable of a visit to 78 next with secondary, if broken ……..

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LSE:GLEN Glencore Xstra Close Mid-Price: 514.1 Percentage Change: -1.85% Day High: 532.5 Day Low: 512.9

Further movement against Glencore Xstra ABOVE 532.5 should improve accele ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 7.6 Percentage Change: + 11.76% Day High: 8.5 Day Low: 7.51

Now above 8.5 should aim at an initial 9.5 with secondary, if exceeded, co ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 177 Percentage Change: + 1.43% Day High: 177 Day Low: 174.5

All Zoo Digital needs are mid-price trades ABOVE 177 to improve accelerat ……..

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

#FTSE #NK225  It’s time for our annual Big Picture glance at Glencore, a company which has enjoyed a truly confusing 2022 with regard their share price. However, there are some early signs some clarity of movement is coming, something also shared with (cue: sardonic drum roll) the FTSE. Last week, we continually visited the FTSE, mentioning 7180 points as a key level of interest.

The UK market celebrated the start of November by closing the session at 7186.16 points. While not substantial, this closing price is above our trigger level of 7180.17, allegedly pointing at great things for the future, along with the hope of some strength in the UK market as 2022 staggers toward the year end. Generally, when a price exceeds such a crucial level, the point of a historical trend break, it’s party time for the next few sessions and our wish is for the UK to enjoy the exuberance experienced by ALL the other major markets, when they each exceeded their own Pandemic trend break level. We’re now hoping for great things, hopefully not derailed by political mischief making. Essentially, apparently we should anticipate a cycle above 7222 points to bring an initial 7276 points with secondary, if bettered, 7467 points. Or as we know it in-house, it’s now fingers crossed time!

To return to Glencore Plc, similar to the FTSE, a fair amount of optimism is now present for future price movements. Currently trading around 523p, we’ve a ‘Jobsworth’ type of requirement demanding the share price close above 525p to give early warning for the potential of the share attaining some new all time highs. Our bias is to treat the immediate closing price as “close enough” as movement near term above 529p should make an attempt at an initial 538p with secondary, if exceeded, a more useful 565p.

Achieving 565p will prove important, painting a new high for the share price and despite the visuals implying such an ambition would make a perfect price level to provide an entertaining back-test to around the 510p level. However, it would be churlish not to admit Glencore reaching new all time highs has a serious Big Picture potential as a future 696p becomes a perfectly viable aspiration.

 

At present, Glencore needs break Red at 430p to cause panic.

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	PriorFUTURES
9:07:40PM	BRENT	94.53									Success
9:22:48PM	GOLD	1648									Success
9:25:34PM	FTSE	7179.32	7128	7101	7061	7175	7222	7257	7301	7130	Success
9:27:18PM	STOX50	3660.5									Success
9:52:53PM	GERMANY	13357
9:54:56PM	US500	3855									‘cess
9:57:07PM	DOW	32637.9									‘cess
9:58:48PM	NASDAQ	11298									Shambles
10:00:27PM	JAPAN	27554	27494	27392	27260	27590	27732	27778	27872	27580	Success

 

 

1/11/2022 FTSE Closed at 7186 points. Change of 1.3%. Total value traded through LSE was: £ 5,144,430,090 a change of -18.4%

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%

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:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:JET Just Eat** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:TSCO Tesco** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : AFC Energy, Bowleven, BP PLC, Carnival, Darktrace Plc, Glencore Xstra, British Airways, Intercontinental Hotels Group, Just Eat, Marks and Spencer, National Glib, Ocado Plc, Rolls Royce, Tesco, Zoo Digital,

LSE:AFC AFC Energy. Close Mid-Price: 22.86 Percentage Change: + 7.63% Day High: 23.16 Day Low: 20.14

In the event of AFC Energy enjoying further trades beyond 23.16, the shar ……..

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LSE:BLVN Bowleven Close Mid-Price: 2.25 Percentage Change: -25.00% Day High: 2.75 Day Low: 1.75

Continued weakness against BLVN taking the price below 1.75 calculates as ……..

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LSE:BP. BP PLC. Close Mid-Price: 486.45 Percentage Change: + 1.39% Day High: 486.9 Day Low: 474.2

Continued trades against BP. with a mid-price ABOVE 486.9 should improve ……..

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LSE:CCL Carnival. Close Mid-Price: 703 Percentage Change: + 0.98% Day High: 732.2 Day Low: 695.4

Target met. Further movement against Carnival ABOVE 732.2 should improve ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 362.2 Percentage Change: + 1.31% Day High: 376.5 Day Low: 351

All Darktrace Plc needs are mid-price trades ABOVE 376.5 to improve accel ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 523.8 Percentage Change: + 4.86% Day High: 528.9 Day Low: 511.3

Target met. Continued trades against GLEN with a mid-price ABOVE 528.9 sh ……..

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LSE:IAG British Airways. Close Mid-Price: 123.44 Percentage Change: + 1.55% Day High: 125.82 Day Low: 121.98

Target met. Continued trades against IAG with a mid-price ABOVE 125.82 sh ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4705 Percentage Change: + 0.19% Day High: 4779 Day Low: 4689

Target met. Further movement against Intercontinental Hotels Group ABOVE ……..

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LSE:JET Just Eat. Close Mid-Price: 1599.2 Percentage Change: + 7.13% Day High: 1649.6 Day Low: 1533.6

Target met. In the event of Just Eat enjoying further trades beyond 1649. ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 110.8 Percentage Change: + 5.02% Day High: 112.45 Day Low: 104.75

All Marks and Spencer needs are mid-price trades ABOVE 112.45 to improve ……..

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LSE:NG. National Glib. Close Mid-Price: 962.8 Percentage Change: + 1.52% Day High: 965 Day Low: 952

Continued trades against NG. with a mid-price ABOVE 965 should improve th ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 654.6 Percentage Change: + 38.57% Day High: 671.4 Day Low: 530

Target met. All Ocado Plc needs are mid-price trades ABOVE 671.4 to impro ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 81.5 Percentage Change: + 4.29% Day High: 82.42 Day Low: 79.19

Continued trades against RR. with a mid-price ABOVE 82.42 should improve ……..

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LSE:TSCO Tesco. Close Mid-Price: 217.8 Percentage Change: + 1.26% Day High: 219.2 Day Low: 216.5

Further movement against Tesco ABOVE 219.2 should improve acceleration to ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 174.5 Percentage Change: + 5.76% Day High: 176 Day Low: 166

Target met. In the event of Zoo Digital enjoying further trades beyond 17 ……..

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

#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** **

********

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** **

********

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.