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Can Cellular Goods Plc ever get high?

#WallSt #SP500

The company in which David Beckham is invested is suddenly showing an interesting potential, one which makes us question whether 4 thousandths of a penny is important or not. Our fascination relates to the Blue line on the chart below and the astounding “fact” CBX has finally closed above the trend, a line which commenced back in February 2021 amongst the fervour of the lab grown cannabis launch on the UK stock market.

By any standards, 4/1000ths isn’t a lot but by closing the session on Tuesday 17th August at 2.4p, with the trend line at 2.396p, we’re all supposed to be madly excited and promising great things for the future. It’s obviously an official “breakout”, a seriously big deal…

Or is it?

 

Time will tell but we’re no longer surprised when this sort of nonsense proves important, share prices often behaving as if an impediment to good behaviour has been lifted. Who knows, perhaps Boris Johnston will do something useful when he’s set free from the UK. There must be a party somewhere he hasn’t graced with his presence!

From an immediate perspective, we can calculate movement above 2.7p is supposed to trigger price recovery to 3.3p next. While visually, there’s a heck of an argument promising some hesitation at such a level, it’s perhaps worth remembering recovery after a trend break can often prove flamboyant. In this instance, our secondary at 4.5p doesn’t look unattainable, instead proposing itself as a logical target should our initial 3.3p be exceeded.

At this point, things get a little squirrelly, presenting a price level where we should ideally revisit the numbers and examine the path taken, should such a target ambition come to fruition. The steady nature of CBX’s fall since December last year has created a situation which allegedly allows several sharp recovery spikes in the future, should our 4.5p dream make itself a reality. There’s absolutely no way can we sanely suggest “and above 4.5p and we’re calculating a future 20p” but unfortunately, these are the numbers we’re currently being dealt. Common sense implies the market will harbour other ideas and the easiest way of inflicting them is to introduce hesitation at target levels.

Perhaps CBX shall prove worth watching anytime now. Hopefully the company don’t have some negative news to detract from our impressive 4/1000’s of a penny worth of optimism.

Usually, we’d include a zoomed in “chart inset” to show a breakout but, to be honest, the Blue line on the chart is thicker than the price movement!

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:57:29PM BRENT 92.75
10:07:51PM GOLD 1762.27 Success
10:37:32PM FTSE 7520.96 ‘cess
10:39:31PM STOX50 3773 Success
10:44:50PM GERMANY 13670 Success
10:49:20PM US500 4277 4251 4231 4200 4282 4311 4328 4353 4274 ‘cess
10:51:35PM DOW 33996 33826 33778 33636 34100 34204 34337 34508 34040
10:53:47PM NASDAQ 13481
10:55:42PM JAPAN 29019 Success
17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%
16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%
15/08/2022 FTSE Closed at 7509 points. Change of 0.12%. Total value traded through LSE was: £ 3,827,179,402 a change of -9.76%
12/08/2022 FTSE Closed at 7500 points. Change of 0.47%. Total value traded through LSE was: £ 4,240,976,226 a change of -17.45%
11/08/2022 FTSE Closed at 7465 points. Change of -0.56%. Total value traded through LSE was: £ 5,137,633,275 a change of -1.15%
10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%
9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%

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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:GLEN Glencore Xstra** **LSE:NWG Natwest** **

********

Updated charts published on : Asos, Barclays, BALFOUR BEATTY, Carnival, Darktrace Plc, Glencore Xstra, Natwest,

LSE:ASC Asos Close Mid-Price: 852 Percentage Change: -11.20% Day High: 955.5 Day Low: 854.5

Target met. If Asos experiences continued weakness below 854.5, it will i ……..

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LSE:BARC Barclays Close Mid-Price: 168.68 Percentage Change: -1.07% Day High: 173.34 Day Low: 168.56

All Barclays needs are mid-price trades ABOVE 173.34 to improve accelerat ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 319.6 Percentage Change: + 10.51% Day High: 322.6 Day Low: 300.8

Target met. Continued trades against BBY with a mid-price ABOVE 322.6 sho ……..

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LSE:CCL Carnival Close Mid-Price: 779.4 Percentage Change: -0.05% Day High: 830 Day Low: 780.6

Further movement against Carnival ABOVE 830 should improve acceleration t ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 540.6 Percentage Change: + 4.93% Day High: 552.4 Day Low: 509.2

Target met. Continued trades against DARK with a mid-price ABOVE 552.4 sh ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 486.7 Percentage Change: + 0.79% Day High: 490.45 Day Low: 481.85

Target met. Further movement against Glencore Xstra ABOVE 490.45 should i ……..

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LSE:NWG Natwest. Close Mid-Price: 262.8 Percentage Change: + 0.69% Day High: 264.1 Day Low: 261.1

Further movement against Natwest ABOVE 264.1 should improve acceleration ……..

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

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Revolution Beauty Group Plc and their share price

#FTSE #STOXX

Probably the most common email we receive asks; “has xyz bottomed?”. It’s often a difficult question, requiring quite a few criteria examined in the hope of discovering, just how long a bit of string is! Revolution Plc present a share where it’s actually impossible to define a bottom, the price falling from 170p to 17p in just a year with what looks like an out of control descent.

In other words, at no stage could we have calculated a logical bottom for the share price…

At best, all we can currently offer is a series of “best case” scenario, where we can perhaps postulate on situations where surprise price recovery looks possible.

 

The immediate situation suggests movement above 28.5p should promote recovery to an initial 37p with secondary, if bettered, at 46p and a possible collision against the immediate downtrend in Blue. Closure above 46p shall make it difficult not to assume “bottom” is in, this taking the share price into a region where a future cycle to 86p becomes a viable ambition. The harsh reality of the immediate situation is pretty simple, until such time their share price actually closes above the Blue downtrend, it remains trading in a zone where it’s simply not possible to calculate a logical bottom.

We did visit the company website, looking for ammunition to pad out our report. We’ve opted not to ‘go there’, feeling quite bewildered at the range of make ups available. Surely everyone knows, from a blokes perspective, the only thing ever needed is Clinique shaving cream.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:03:51PM BRENT 92.36
10:05:32PM GOLD 1775 ‘cess
10:08:42PM FTSE 7563 7518 7501 7479 7538 7564 7578 7617 7532 ‘cess
10:10:35PM STOX50 3820 3785 3772 3756 3802 3821 3827 3841 3805 ‘cess
10:12:25PM GERMANY 13950 ‘cess
10:19:05PM US500 4307 Success
10:21:44PM DOW 34138 Success
10:23:24PM NASDAQ 13635 ‘cess
10:25:24PM JAPAN 28972 ‘cess
16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%
15/08/2022 FTSE Closed at 7509 points. Change of 0.12%. Total value traded through LSE was: £ 3,827,179,402 a change of -9.76%
12/08/2022 FTSE Closed at 7500 points. Change of 0.47%. Total value traded through LSE was: £ 4,240,976,226 a change of -17.45%
11/08/2022 FTSE Closed at 7465 points. Change of -0.56%. Total value traded through LSE was: £ 5,137,633,275 a change of -1.15%
10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%
9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%

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:BBY BALFOUR BEATTY** **LSE:DARK Darktrace Plc** **LSE:FGP Firstgroup** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:RKH Rockhopper** **

********

Updated charts published on : AFC Energy, Asos, BALFOUR BEATTY, Darktrace Plc, Firstgroup, Glencore Xstra, British Airways, Igas Energy, IG Group, Intercontinental Hotels Group, ITM Power, National Glib, Rockhopper,

LSE:AFC AFC Energy. Close Mid-Price: 33.96 Percentage Change: + 2.23% Day High: 34.5 Day Low: 32.7

In the event of AFC Energy enjoying further trades beyond 34.5, the share ……..

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LSE:ASC Asos Close Mid-Price: 959.5 Percentage Change: -0.52% Day High: 983 Day Low: 952.5

Weakness on Asos below 952 will invariably lead to 946 with secondary (if ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 289.2 Percentage Change: + 0.98% Day High: 293.2 Day Low: 285

Target Met. Ongoing traffic above 294 now points at 305 next with secondar ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 515.2 Percentage Change: + 24.20% Day High: 532.8 Day Low: 481.1

Target Met. Now above 533 indicates the potential of 541 next with seconda ……..

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LSE:FGP Firstgroup Close Mid-Price: 114.2 Percentage Change: -11.40% Day High: 130.3 Day Low: 107.2

Below 107 now points at the potential of a bottom at 102p. If broken, our ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 482.9 Percentage Change: + 3.96% Day High: 485.65 Day Low: 467.95

In the event of Glencore Xstra enjoying further trades beyond 486, the sha ……..

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LSE:IAG British Airways. Close Mid-Price: 123 Percentage Change: + 2.01% Day High: 122.66 Day Low: 119.78

All British Airways needs are mid-price trades ABOVE 123 to improve ascen ……..

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LSE:IGAS Igas Energy Close Mid-Price: 75.4 Percentage Change: -10.24% Day High: 88 Day Low: 66.2

Continued trades against IGAS with a mid-price ABOVE 89 should improve the ……..

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LSE:IGG IG Group Close Mid-Price: 842.5 Percentage Change: -0.59% Day High: 851 Day Low: 843.5

In the event of IG Group enjoying further trades beyond 851, the share sho ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5106 Percentage Change: + 0.47% Day High: 5300 Day Low: 5078

Further movement against Intercontinental Hotels Group ABOVE 5300 should i ……..

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LSE:ITM ITM Power Close Mid-Price: 244.5 Percentage Change: -2.36% Day High: 260 Day Low: 236.9

All ITM Power needs are mid-price trades ABOVE 260 to improve acceleration ……..

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LSE:NG. National Glib. Close Mid-Price: 1168 Percentage Change: + 1.43% Day High: 1175.5 Day Low: 1157

Continued trades against NG. with a mid-price ABOVE 1176 should improve th ……..

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LSE:RKH Rockhopper. Close Mid-Price: 8.86 Percentage Change: + 1.84% Day High: 9.5 Day Low: 8.38

This is now getting a little complex but above 9.5 now indicates the poten ……..

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

Posted on

Aviva and a downpour of optimism…

#Gold #Nasdaq

There will always be a warm spot in my memory for Norwich Union, one of the companies who formed the giant Aviva Plc. Once upon a time, insurance companies issued something called ‘Cover Notes’, essential to prove you’d insurance and thus, able to buy road tax. As a teenager riding a motorcycle in the 1980’s, insurance was a pesky nuisance and worse, the police would often (correctly) assume a scruffy BSA with an out of date tax disc was also not insured, nor probably MoT’d. The MoT was never an issue as only an idiot rides a motorcycle which isn’t roadworthy, road tax was dirt cheap, but insurance could prove quite expensive.

But one day, a miracle was discovered while visiting the local dump (aka, now called a civic amenity site), a weekly forage to search for any old British motorcycles being thrown away. In the ‘trailers only’ part of the dump, among the usual tranche of 1970’s furniture, Honda 50’s, and loads of filing cabinets was an instantly familiar book. It was a Norwich Union book of cover notes, spilled out of a filing cabinet which had clearly belonged to an insurance brokers. Conveniently, there was also a company stamp and ink pad. Abruptly, our little gang of highschool motorcyclists had resolved an issue, essentially ensuring each could ride their machine to school rather than going pillion with each other!

From memory, the cost of insurance for my leaky 1949 AJS 500 single (yes, I know what they’re now worth) was just under £30 per annum. And as every 17 year old knows, that £30 could be put to better uses than a sneaky government mandated tax to use the roads. Through high school to the first week of university, that Norwich Union book may have proved essential but I’d decided luck could only last so long and thus, bought real insurance for the AJS when I started Uni. On Friday of week nothing, a Ford Escort ran into me, literally directly in front of two motorcycle cops who were pretending to admire my mobile oil slick. The Brain of Britain driving the car continued going, somehow assuming she’d escape the consequences.

Discretely, that night, I burnt the remainder of that Norwich Union book of cover notes. My real insurance was, inevitably, with Norwich Union, then the prime UK motorcycle insurer.

 

None of this is why we’re inclined to look kindly on Aviva’s share price. Instead, it’s possible something quite remarkable has happened, the share price finally closing above the downtrend which dates back to 2007. Visually, we suspect it shall prove quite a big deal, creating a “Big Picture” situation where ongoing traffic above 474p should create a situation with longer term movement to an initial 538p looking like a confident proposition. In the more distant future, we can even calculate a distant 644p as an extremely viable ambition. About the only fly in the ointment is the value of a potential stop loss, if anyone intends take a ‘fire and forget’ stance.

The visuals indicate the price need only fall below 450p to scupper our calculations, an agreeably tight stop loss level given the potential gains and thus, one we’re inclined to distrust. It’s entirely possible the Red line on the chart below may represent a saner “stop” level, this presently at 397p.

Below Red certainly should ring alarm bells, calculating with the risk of reversals to an initial 340p with secondary, if broken, at 295p. But for now, our thoughts lean toward a happier future for Aviva.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:31:02PM BRENT 93.23 Success
11:32:59PM GOLD 1779.59 1775 1771 1759 1786 1788 1793 1800 1783 Success
11:37:06PM FTSE 7530.85
11:38:47PM STOX50 3806.7
11:41:51PM GERMANY 13853
11:43:57PM US500 4291.97 ‘cess
11:49:12PM DOW 33875 Success
11:51:01PM NASDAQ 13653 13477 13440 13358 13547 13686 13701 13848 13568 ‘cess
11:53:28PM JAPAN 28868 ‘cess

 

15/08/2022 FTSE Closed at 7509 points. Change of 0.12%. Total value traded through LSE was: £ 3,827,179,402 a change of -9.76%
12/08/2022 FTSE Closed at 7500 points. Change of 0.47%. Total value traded through LSE was: £ 4,240,976,226 a change of -17.45%
11/08/2022 FTSE Closed at 7465 points. Change of -0.56%. Total value traded through LSE was: £ 5,137,633,275 a change of -1.15%
10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%
9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:BBY BALFOUR BEATTY** **LSE:CASP Caspian** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:NG. National Glib** **

********

Updated charts published on : AFC Energy, BALFOUR BEATTY, Caspian, ECO (Atlantic) O & G, Igas Energy, IG Group, ITM Power, National Glib,

LSE:AFC AFC Energy. Close Mid-Price: 33.22 Percentage Change: + 6.89% Day High: 33.28 Day Low: 32.02

In the event of AFC Energy enjoying further trades beyond 33.28, the shar ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 286.4 Percentage Change: + 0.00% Day High: 289 Day Low: 285.2

Further movement against BALFOUR BEATTY ABOVE 289 should improve accelera ……..

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LSE:CASP Caspian. Close Mid-Price: 3.3 Percentage Change: + 8.20% Day High: 3.33 Day Low: 2.95

Continued weakness against CASP taking the price below 2.95 calculates as ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 32.5 Percentage Change: + 4.84% Day High: 32.5 Day Low: 31.25

In the event of ECO (Atlantic) O & G enjoying further trades beyond 32.5, ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 84 Percentage Change: + 13.21% Day High: 89 Day Low: 76

Target met. Continued trades against IGAS with a mid-price ABOVE 89 shoul ……..

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LSE:IGG IG Group. Close Mid-Price: 847.5 Percentage Change: + 0.65% Day High: 847 Day Low: 833

Target met. In the event of IG Group enjoying further trades beyond 847, ……..

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LSE:ITM ITM Power. Close Mid-Price: 250.4 Percentage Change: + 4.33% Day High: 251.6 Day Low: 237.5

All ITM Power needs are mid-price trades ABOVE 251.6 to improve accelerat ……..

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LSE:NG. National Glib. Close Mid-Price: 1151.5 Percentage Change: + 1.05% Day High: 1160 Day Low: 1143.5

Continued trades against NG. with a mid-price ABOVE 1160 should improve t ……..

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

Posted on

Lloyds Banking Group, less boring than cutting the lawn!

#Brent #Dax

There’s only one thing more boring than cutting grass and it’s our largely self imposed requirement to write about each of the Big Three Banks, every three weeks. Alas, thanks to a combination of hot weather, pampas grass, and stupidity, the engine of the little tractor seized, the only thing left is to complain about Lloyds inactivity again!

Misjudging a turn on the lawn brought a collision with a mature pampas grass, while swiftly giving the lawn a cut one recent hot afternoon. To be honest, perhaps there was some cider involved, an essential on a hot day. Reversing from the deadly plant, it was easy to assume a few bits of greenery had hooked onto the tractor but suddenly, it pulled free. Unfortunately, what hadn’t been noticed was the rotating accessory shaft at the from of the machine had pulled in some pampas green shoots, the stuff which is the nemesis of most garden machinery, due to its indestructible nature.

In the plant world, pampas grass is unique. The green parts are almost bulletproof but the brown bits are highly flammable.

The green blades of pampas, unspotted, wound themselves around the accessory shaft, jamming everything up and putting a lot of strain on the engine. Around 50 yards from the scene of the collision, smoke and an awful smell warned something was wrong, so the big red “Stop Everything” button was hit. Everything stopped and an inspection suggests the ancient engine is unlikely to start ever again without some serious work. It was to take another day before discovering pampas grass was now tightly wound around the main engine drive pulley.

To be polite, it’s unlikely the three pampas grass around our lawn shall survive autumn. Over the years, they’ve won every battle with garden machinery but the little tractor appeared stronger, right until the point it wasn’t. Another side of the coin, digging out the self propelled lawnmower was an eye-opener. It took 4 passes with the machine to almost match one pass with the tractor. And then I got bored and stopped, suddenly remembering cutting the grass manually needed 1.4 miles of back and forth walking. I shall wait for the tractor engine being rebuilt.

 

As for Lloyds, there’s allegedly reason for optimism, the share price currently needing to trade above 47.3p to trigger price recovery to an initial 51p with secondary, if bettered, at 53.5p. The secondary is quite a big deal, affording the share the potential of closing a session above Blue on the chart and finding itself in a zone where a long term 76p shall be viewed as the driving influence.

As always with a retail bank, we’re always a little bit sceptical.

Lloyds share price currently needs dip below 42.4p to gently tap an alarm bell. This risks promoting reversal to an initial 40p and hopefully a rebound. If broken, our secondary calculates down at 35.5p.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
7:29:09PM BRENT 97.55 96.48 95.985 94.69 98.37 98.45 99.95 102.44 96.93
9:09:59PM GOLD 1802.75 ‘cess
9:12:16PM FTSE 7541.21 ‘cess
9:17:23PM STOX50 3808 ‘cess
9:20:16PM GERMANY 13886 13716 13676 13606 13790 13886 13904 13974 13848 ‘cess
9:54:41PM US500 4278 Success
9:57:23PM DOW 33748 ‘cess
9:59:28PM NASDAQ 13558
10:07:07PM JAPAN 28764 Success

 

12/08/2022 FTSE Closed at 7500 points. Change of 0.47%. Total value traded through LSE was: £ 4,240,976,226 a change of -17.45%
11/08/2022 FTSE Closed at 7465 points. Change of -0.56%. Total value traded through LSE was: £ 5,137,633,275 a change of -1.15%
10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%
9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%

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:BARC Barclays** **LSE:BP. BP PLC** **LSE:DARK Darktrace Plc** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **

********

Updated charts published on : AFC Energy, Barclays, BP PLC, Darktrace Plc, ECO (Atlantic) O & G, Igas Energy, IG Group, Natwest, Omega Diags,

LSE:AFC AFC Energy Close Mid-Price: 31.08 Percentage Change: -0.19% Day High: 32.1 Day Low: 29.5

All AFC Energy needs are mid-price trades ABOVE 32.1 to improve accelerat ……..

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LSE:BARC Barclays. Close Mid-Price: 171.6 Percentage Change: + 1.55% Day High: 172.92 Day Low: 169.32

Further movement against Barclays ABOVE 172.92 should improve acceleratio ……..

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LSE:BP. BP PLC. Close Mid-Price: 430.55 Percentage Change: + 0.70% Day High: 435.9 Day Low: 427.75

Further movement against BP PLC ABOVE 435.9 should improve acceleration t ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 426.4 Percentage Change: + 6.60% Day High: 431.1 Day Low: 395.5

Target met. All Darktrace Plc needs are mid-price trades ABOVE 431.1 to i ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 31 Percentage Change: + 8.39% Day High: 31.75 Day Low: 28.25

Target met. Continued trades against ECO with a mid-price ABOVE 31.75 sho ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 74.2 Percentage Change: + 13.46% Day High: 77 Day Low: 66.2

Target met. In the event of Igas Energy enjoying further trades beyond 77 ……..

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LSE:IGG IG Group. Close Mid-Price: 842 Percentage Change: + 0.96% Day High: 844.5 Day Low: 830

Further movement against IG Group ABOVE 844.5 should improve acceleration ……..

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LSE:NWG Natwest. Close Mid-Price: 261.7 Percentage Change: + 1.99% Day High: 262.5 Day Low: 257

In the event of Natwest enjoying further trades beyond 262.5, the share s ……..

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LSE:ODX Omega Diags Close Mid-Price: 3.08 Percentage Change: -0.81% Day High: 3.08 Day Low: 2.95

Continued weakness against ODX taking the price below 2.95 calculates as ……..

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

Posted on

Our popular Free FTSE for Friday

#FTSE #Gold

We suspect the FTSE is performing in a similar fashion to the UK prime minister, essentially avoiding doing anything useful during the holiday season. For the FTSE, there’s the extremely obvious Blue line currently at 7646 points and despite several arguments favouring movement toward it, the index assiduously avoids taking the initiative.

 

This nonsense is creating a situation, where we suspect the FTSE shall spend the rest of the month dodging around between the 7,420 level and 100 points higher at 7,520. If we’re correct, this certainly creates a profitable potential scenario for those brave soles with patience, effectively enabling anyone to take their best shot from half way with a 50 point stop. Obviously, the half way mark is at 7,470 points and by amazing coincidence, the FTSE closed Thursday 11th at 7,469.83 points, pretty much bang on half way.

The immediate situation presents a picture where weakness now below 7,460 is supposed to present reversal to an initial 7,444 with secondary, if broken, at 7,420 points and hopefully a rebound. This, certainly, would be in accordance with our scenario, also presenting a situation where a Long position could be opened at 7,420 with a reasonably tight stop, perhaps around 15 points below. The choice is yours though.

Should there be a successful bounce from the 7,420 level, we’d hope it’d make its way toward an initial 7,450 points with secondary, if bettered, around 7,480 points. Then, suspect it shall settle back to the half way mark before next time, attempting a surge upward.

 

Perhaps it’s the holiday season, permitting such whimsical nonsense but it’s quite strange how recent price movements are tending adhere quite firmly to our calculations, almost confirming our often repeated suspicion of the FTSE being “parked” for August unless any world events start to drive contrary behaviour. This would be a bit of a pity, ‘cos we’re starting to enjoy the wonderful weather and feeling increasingly smug we haven’t scheduled “leave” until October.

Have a good weekend and remember the Factor 50.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:04:32PM BRENT 98.75 96.26 96 98.04 99.75 99.995 98.6 Success
10:06:26PM GOLD 1790.26 1783 1779 1792 1799 1803 1791
10:08:45PM FTSE 7475 7454 7431 7496 7522 7533.5 7480
10:10:37PM STOX50 3754.3 3738 3726 3752 3777 3785 3757
10:12:44PM GERMANY 13680 13629 13587 13687 13800 13829 13720
10:38:04PM US500 4216.02 4200 4186 4222 4239 4250 4208 ‘cess
10:39:50PM DOW 33383 33285 33173 33409 33662 33701 33475 Success
10:41:43PM NASDAQ 13335 13215 13120 13355 13465 13563 13342 Success
10:43:24PM JAPAN 28140 28040 27966 28153 28248 28408 28078

 

11/08/2022 FTSE Closed at 7465 points. Change of -0.56%. Total value traded through LSE was: £ 5,137,633,275 a change of -1.15%
10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%
9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%

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:AV. Aviva** **LSE:BP. BP PLC** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:EXPN Experian** **LSE:GLEN Glencore Xstra** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:ITM ITM Power** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **

********

Updated charts published on : AFC Energy, Aviva, BP PLC, Caspian, Carnival, Experian, Glencore Xstra, Igas Energy, IG Group, ITM Power, Scottish Mortgage Investment Trust, Spirax,

LSE:AFC AFC Energy. Close Mid-Price: 31.14 Percentage Change: + 11.53% Day High: 31.98 Day Low: 27.98

Further movement against AFC Energy ABOVE 31.98 should improve accelerati ……..

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LSE:AV. Aviva Close Mid-Price: 463.3 Percentage Change: -0.34% Day High: 473.5 Day Low: 453.3

In the event of Aviva enjoying further trades beyond 473.5, the share sho ……..

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LSE:BP. BP PLC. Close Mid-Price: 427.55 Percentage Change: + 1.50% Day High: 428.45 Day Low: 417.55

Continued trades against BP. with a mid-price ABOVE 428.45 should improve ……..

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LSE:CASP Caspian Close Mid-Price: 3.05 Percentage Change: -4.69% Day High: 3.2 Day Low: 3.05

Weakness on Caspian below 3.05 will invariably lead to 2.2 with secondary ……..

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LSE:CCL Carnival. Close Mid-Price: 776.4 Percentage Change: + 1.07% Day High: 803.2 Day Low: 764.2

All Carnival needs are mid-price trades ABOVE 803.2 to improve accelerati ……..

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LSE:EXPN Experian Close Mid-Price: 2923 Percentage Change: -0.65% Day High: 2966 Day Low: 2899

Further movement against Experian ABOVE 2966 should improve acceleration ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 474.6 Percentage Change: + 0.99% Day High: 479.9 Day Low: 469.7

In the event of Glencore Xstra enjoying further trades beyond 479.9, the ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 65.4 Percentage Change: + 12.37% Day High: 67.8 Day Low: 56.6

Target met. Further movement against Igas Energy ABOVE 67.8 should improv ……..

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LSE:IGG IG Group Close Mid-Price: 834 Percentage Change: -0.30% Day High: 842 Day Low: 829

All IG Group needs are mid-price trades ABOVE 842 to improve acceleration ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 113 Percentage Change: + 8.65% Day High: 114.6 Day Low: 107

Target met. All International Personal Finance needs are mid-price trades ……..

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LSE:ITM ITM Power. Close Mid-Price: 248.4 Percentage Change: + 12.40% Day High: 250.3 Day Low: 220.9

Continued trades against ITM with a mid-price ABOVE 250.3 should improve ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 926.6 Percentage Change: + 1.91% Day High: 937.8 Day Low: 910.2

Further movement against Scottish Mortgage Investment Trust ABOVE 937.8 s ……..

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LSE:SPX Spirax Close Mid-Price: 11655 Percentage Change: -2.88% Day High: 12440 Day Low: 11280

Continued trades against SPX with a mid-price ABOVE 12440 should improve ……..

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

Posted on

Rolls-Royce Holdings Plc and the tree…

#Gold #SP500 Of all the TV soaps, the only one which doesn’t force an exit from the room is Coronation St. This is due entirely to the comedy content but it was to take years until the penny dropped about the clever name of the cafe; ‘Roys Rolls’. Balanced against the character “Roy” driving one of the UK’s most awful & unreliable cars, a Morris 1000, the cafe name suddenly became quite funny.

While the current incarnation of Rolls Royce has absolutely nothing to do with the four wheeled monstrosities with the right to use the company name, it was interesting seeing the company name pop up last week in numerous reports from the USA. Modular nuclear power stations have been given the go-ahead in the US, Rolls Royce being directly named as a major contributor to the new technology. These plants, described as the size of a football pitch, are designed to be dropped into suitable sites, producing sufficient power for a city. Somewhat whimsically, RR now mention they’re working on portable nuclear plants, able to be trucked in for events, then removed.

As a result, it’s easy to imagine Glastonbury suddenly becoming more civilised, the festival powered by rather more than banks of generators, perhaps even moving walkways shuffling audiences between various sound stages, as electricity supply ceased being an issue. From our own perspective, a sharp reminded of how important electricity is was delivered by a bunch of lumberjerks. The team of 6 professionals arrived at 9am, having requested access to some trees threatening a neighbours home. The story is complex but the only direct access to this part of the forest is either through our garden or by helicopter. Or maybe by building a bridge over a gully, along with a new 2 mile track. All things considered, it was easier to let the crew of 6 trudge through our gate and into the forest. The guys were given the usual security warning, “don’t feed the dogs, ignore the cats, watch out for the punk black & red squirrel, and yell if you want to make coffee. Oh, and be careful of those two wires. One carries broadband, the other is electricity”. Yup, the last part didn’t work. The very first tree they cut spun gracefully in the air, secured by safety ropes, before catching the power line. Once the power line separated, the dance continued and the phone/broadband line was snagged a few seconds later.

How we all laughed…

The six professionals made appropriate telephone calls, trudged through our garden, and left by lunchtime with vague promises as to when they’d return to finish the job. Curiously, it was BT who first appeared and strung a new line. Many hours later, the electricity guys materialised, vanished, then returned and also strung new lines. The clear victors of the day were our animals, loving the company but the punk squirrel kept out of the way. This weird looking animal is perfectly capable of mistaking a human for a tree, running up your body and leaping from a shoulder with no warning.

But, in keeping with the Rolls Royce story, something important also happened. Around 3pm, our postman delivered a parcel which contained a new hydro-electric generator we’ve been waiting for, our previous hand made effort being a footnote in history when the garden waterfall destroyed it. This time around, we’re taking a Rolls Royce approach, using a series of small generators to charge a bank of batteries. It’s a bit like mooring a nuclear submarine outside parliament in London and if required, just tie another alongside on the Thames. This would finally give the UK’s Rolls Royce powered nuclear fleet something useful to do and also, remove them from our own very immediate area in Argyll. Rolls Royce could birth an entirely new industry, creating 3 pin plug points to replace the acoustic tiles on the hulls of the machines.

There was certainly a feeling of “karma” when the generators arrived as should our modular approach to power generation work, nature can do its worst and we’ll still have the lights on.

 

None of this explains why Rolls Royce share price is rubbish. The company, obviously used to an income stream produced when their jet engines are turning, were obviously hurt during the pandemic. But the daily contrails again decorating the sky above Scotland’s west coast, suggest airlines are again flying, once again paying rent to Rolls Royce for their fabulous jet power. In addition, this modular nuclear solution being accepted in the USA is surely brilliant news, the thinking doubtless to follow into the rest of the world with Rolls Royce at the heart of the matter. But their share price remains rubbish!

If we indulge our favourite party trick of drawing lines on charts, this miserable state of affairs could continue until the end of August, when Rolls Royce reach a point where some action is almost demanded by the market. But if we err on the side of common sense, visually there’s a chance things may not “kick off” until the end of 2022.

All of this presents a bit of a problem, thanks to the Big Picture now demanding the price bottom around 60p, maybe even 55p if the market is having a bad day. Maybe it’s the case until the market is forced to transcend a major trend line, it shall continue to behave badly. If this (somewhat silly) theory is correct, movements during the last month gently suggest the share price has until around August 20th to hit bottom or it will hit the first in a series of trend lines demanding action. This being the case, we shall not be aghast to witness RR enact a final act of self immolation just before August 20th.

However, if we chose to believe the company has a future, such a state of affairs almost doesn’t matter (as long as the price bounces), the share price only needing exceed 94p by the start of September to now allegedly trigger recovery to an initial 102p with secondary, if bettered, at 110p. This secondary is fairly important, due to the potential of it exceeding Blue on the chart around the end of this year and provoking some game changing behaviour toward 142p, a price level where we shall require to once again plug in our tea leaves.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:53:37PM BRENT 96.77 ‘cess
9:55:21PM GOLD 1792 1787 1778 1768 1796 1808 1812 1819 1791 ‘cess
9:59:31PM FTSE 7521 Success
10:02:19PM STOX50 3759
11:33:31PM GERMANY 13728
2:27:46AM US500 4221 4111 4081 4034 4138 4222 4224 4261 4192 Success
2:29:56AM DOW 33392 Success
2:31:33AM NASDAQ 13430 Success
2:34:17AM JAPAN 28163 Success

 

10/08/2022 FTSE Closed at 7507 points. Change of 0.25%. Total value traded through LSE was: £ 5,197,338,086 a change of -9.09%
9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%
2/08/2022 FTSE Closed at 7409 points. Change of -0.05%. Total value traded through LSE was: £ 5,792,539,911 a change of 52.35%

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:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:RMG Royal Mail** **

********

Updated charts published on : Asos, Aviva, Barclays, BALFOUR BEATTY, IG Group, Intercontinental Hotels Group, International Personal Finance, Royal Mail,

LSE:ASC Asos. Close Mid-Price: 1002 Percentage Change: + 1.93% Day High: 1015 Day Low: 955

Target met. Weakness on Asos below 955 will invariably lead to 946 with s ……..

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LSE:AV. Aviva. Close Mid-Price: 464.9 Percentage Change: + 12.21% Day High: 465.4 Day Low: 424.7

All Aviva needs are mid-price trades ABOVE 465.4 to improve acceleration ……..

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LSE:BARC Barclays. Close Mid-Price: 169.76 Percentage Change: + 2.35% Day High: 170.1 Day Low: 165.42

In the event of Barclays enjoying further trades beyond 170.1, the share ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 286.8 Percentage Change: + 1.85% Day High: 288.4 Day Low: 280.8

All BALFOUR BEATTY needs are mid-price trades ABOVE 288.4 to improve acce ……..

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LSE:IGG IG Group. Close Mid-Price: 836.5 Percentage Change: + 1.58% Day High: 837.5 Day Low: 819

Continued trades against IGG with a mid-price ABOVE 837.5 should improve ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5072 Percentage Change: + 2.11% Day High: 5090 Day Low: 4934

Further movement against Intercontinental Hotels Group ABOVE 5090 should ……..

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LSE:IPF International Personal Finance Close Mid-Price: 104 Percentage Change: -2.80% Day High: 110.8 Day Low: 104.4

In the event of International Personal Finance enjoying further trades be ……..

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LSE:RMG Royal Mail. Close Mid-Price: 269.3 Percentage Change: + 1.09% Day High: 268.5 Day Low: 255.5

If Royal Mail experiences continued weakness below 255.5, it will invaria ……..

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

Posted on

Can Bluejay Mining Plc head north?

#FTSE #STOXX50 An aspect of marketing is generally “the big lie”. Naming an ice covered, arctic island “Greenland” was an early example. And in Scotland, we have “The Summer Isles”, a hellhole of bad weather for most of the year. Whereas in England, there’s always “Cheddar Gorge”, a pleasant drive but always utterly bereft of cheese.

Greenland was named quite deliberately, in the hope of attracting gullible Norse settlers to an island 80% covered by ice sheets, a place which rivals “The Summer Isles” for vegetation cover. And similar to Cheddar Gorge, the streets are not paved with cheese.

Bluejay Mining are centred on Greenland, doubtless taking advantage of climate change due to more of the landscape becoming accessible for mining operations. They’re focussed on a mineral sand called ilmenite (or limenite), essentially the most important or of titanium, used in producing lightweight strong metal components. In addition, titanium oxide provides substantial longevity in paints, inks, plastics, and so on, even somehow including some foodstuffs. This latter fact fell into the category of “I don’t want to know”.

We’re writing about Bluejay Mining, thanks to a few emails asking our opinion of their share price future potentials.It’s not difficult to understand why folk are suddenly interested, thanks to their share price experiencing a 43% leap on 9th August. Hopefully it’s not just the result of spurious internet chatroom gossip, especially as the upward surge has landed the share in a pretty comfortable position, making further advances a quite viable proposition.

Movement now continuing north above 7.05p suggests the potential of a visit to a warm sounding 8.8p next. Should the market successfully close above this level, our longer term secondary calculates at 12p. Normally, we’d simply say “if 8.8p is exceeded, our secondary is 12p” but in this instance, with such a massive jump, we’re understandably nervous at the risk of creating enhanced expectations. But we shall admit a visit to 12p makes a lot of visual sense and closure above such a point ‘risks’ becoming game changing for the long term.

The share price requires to fall below 4.3p to suggest ditching snow boots and investing in running shoes.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:19:21PM BRENT 95.91 ‘cess
9:40:32PM GOLD 1794 ‘cess
9:49:08PM FTSE 7493.97 7468 7456 7440 7488 7504 7516 7522 7484
9:51:33PM STOX50 3720 3704 3684 3652 3733 3743 3759 3792 3704 ‘cess
9:53:16PM GERMANY 13541 ‘cess
9:55:37PM US500 4127
9:57:34PM DOW 32810
10:00:03PM NASDAQ 13031 Success
10:03:12PM JAPAN 27871 Success

 

 

9/08/2022 FTSE Closed at 7488 points. Change of 0.08%. Total value traded through LSE was: £ 5,716,882,880 a change of 22.59%
8/08/2022 FTSE Closed at 7482 points. Change of 0.58%. Total value traded through LSE was: £ 4,663,235,289 a change of 8.84%
5/08/2022 FTSE Closed at 7439 points. Change of -0.12%. Total value traded through LSE was: £ 4,284,416,444 a change of -24.22%
4/08/2022 FTSE Closed at 7448 points. Change of 0.04%. Total value traded through LSE was: £ 5,653,918,717 a change of 0.91%
3/08/2022 FTSE Closed at 7445 points. Change of 0.49%. Total value traded through LSE was: £ 5,602,756,478 a change of -3.28%
2/08/2022 FTSE Closed at 7409 points. Change of -0.05%. Total value traded through LSE was: £ 5,792,539,911 a change of 52.35%
1/08/2022 FTSE Closed at 7413 points. Change of -0.13%. Total value traded through LSE was: £ 3,802,113,332 a change of -37.81%

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:BP. BP PLC** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:PPC President Energy** **

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Updated charts published on : Asos, BP PLC, Igas Energy, Intercontinental Hotels Group, President Energy,

LSE:ASC Asos Close Mid-Price: 983 Percentage Change: -5.84% Day High: 1052 Day Low: 970

Continued weakness against ASC taking the price below 970 calculates as l ……..

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LSE:BP. BP PLC. Close Mid-Price: 422.55 Percentage Change: + 1.50% Day High: 425.65 Day Low: 415.9

In the event of BP PLC enjoying further trades beyond 425.65, the share s ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 56 Percentage Change: + 0.36% Day High: 59 Day Low: 56

Target met. All Igas Energy needs are mid-price trades ABOVE 59 to improv ……..

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4967 Percentage Change: -0.98% Day High: 5056 Day Low: 4900

Continued trades against IHG with a mid-price ABOVE 5056 should improve t ……..

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LSE:PPC President Energy Close Mid-Price: 1.2 Percentage Change: -4.00% Day High: 1.25 Day Low: 1.2

Target met. If President Energy experiences continued weakness below 1.2, ……..

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