FTSE for Friday & Bitcoin hopes!

#FTSE #Gold

We reviewed #Bitcoin a month ago, speculating it was heading to $21,400. As hysteria in the media confirms, the crypto has indeed achieved this target level, ensuring the world has ended for some traders. However, we’ve spotted something which may prove important in the spiral to oblivion!

 

Regular readers will know we habitually give a primary, then a secondary, target.

The reason for this is pretty straightforward, generally a price will not go directly to a target level. Instead, sometimes it will stutter around the primary target until sufficient number of suckers believe it’s not dropping further. Then it drops further.

However, we always throw in an important caveat, generally suggesting “our secondary, if initial target is broken, works out at XYZ”. There’s a little more to this statement than just giving ourselves some wiggle room as it’s often critical how a price behaves at a target level, if we’re going to be given a clue to future behaviour. In the case of Bitcoin, our argument was along the lines of “If $21,410 breaks, our longer term secondary calculates at $13,800.

When we zoom in and look at how Bitcoin has behaved, there are a few interesting facets to the crypto fall from grace which perhaps imply it’s not intending a return to price levels last seen toward the end of 2020. With share prices, this sort of thing is a fairly big deal, so we’re obviously fascinated to see how the logic applies to crypto.

The chart extract above highlights something which may prove fascinating. The initial drop for Bitcoin failed to break our 21,400 target, instead bouncing (slightly) around 21,900. The next day. it indeed broke our target but closed above. Similarly on day three. Without a doubt, our target level has validity but it took a fourth session before Bitcoin finally immolated itself. When this sort of thing occurs with share prices, we tend toward considerable caution with expectations for our secondary to make an appearance. Instead, we start looking for early logic which shall indicate surprise recovery. At time of writing, Bitcoin is trading around 20,400, needing “only” to jump $2,000 above $22,400 to suggest it’s all been a bad dream and some recovery is happening!

Who knows, perhaps Bitcoin shall again surprise everyone…

FTSE for Friday

For a while in 2021, we quite liked the way the FTSE was behaving. Generally, the UK market was proving strong, while European markets were experiencing difficulty. Unfortunately, the UK has reverted to “type”, indulging in some truly awful dramatics just because everyone else is doing it. A graphic from the UK state broadcaster, the BBC, rather neatly encapsulates just how vile things are presently. It remains an ongoing puzzle just how Governments intend curb inflation by increasing interest rates, creating further pressure for prices to increase. Instead, why are Japan & China not being examined to discover the cause of their parsimonious inflation rates. If it means eating more rice, our household are completely on board as we already purchase Thai Jasmine rice by the 12kg sack. (We like rice)

The FTSE is certainly in a problematic position, breaking the uptrend since the Covid-19 low

and also failing to better the high of 2020, a point in time when ‘Pandemic’ was just a useful Scrabble word. More frightening, market movements during June are starting to feel dangerously reminiscent of 2008, a point in time which was quite scary. If that’s the case, we’re only perhaps witnessing the opening salvoes of some troubled times.

The immediate situation suggests weakness now below 7039 points threaten ongoing reversal to 7001 points, a market level at which we’d hope for a bounce – in normal circumstances. Our secondary, should the initial target break, calculates at 6782 points. We cannot suggest the secondary as a ‘longer term’ thing, thanks to current market movements proving painfully wide.

 

Our alternate scenario, if searching for gains, comes should the FTSE manage to exceed 7080 points as apparently, this risks triggering a surprise movement to 7136 points. Should this initial target be exceeded, our secondary calculates at 7200 points. This secondary level should prove a really big deal, given it matches the point of trend break. Market closure above such a level shall indicate, quite firmly, the immediate drop cycle is probably over.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:46:11PM BRENT 117.61 114 113.23 116.9 118.7 120.015 116.2 ‘cess
9:48:28PM GOLD 1857 1815 1780 1849 1858 1860 1843 Success
9:56:06PM FTSE 7022 6991 6939 7096 7116 7128 7043 Success
9:58:32PM FRANCE 5852 5835 5805 5908 5932 5938 5878 Success
10:01:05PM GERMANY 13013 12946 12874 13020 13162 13186 13066 Success
10:19:48PM US500 3676 3635 3616 3689 3690 3712 3648 Success
10:22:07PM DOW 30004 29732 29505 29907 30294 30501 30030 ‘cess
10:24:26PM NASDAQ 11177 11020 10887 11596 11463 11571 11235 ‘cess
10:28:15PM JAPAN 25715 25585 25486 25787 26055 26200 25700 Success
16/06/2022 FTSE Closed at 7044 points. Change of -3.15%. Total value traded through LSE was: £ 9,051,276,874 a change of 32.71%
15/06/2022 FTSE Closed at 7273 points. Change of 1.2%. Total value traded through LSE was: £ 6,820,318,073 a change of -14.4%
14/06/2022 FTSE Closed at 7187 points. Change of -0.25%. Total value traded through LSE was: £ 7,967,426,420 a change of 8.5%
13/06/2022 FTSE Closed at 7205 points. Change of -1.53%. Total value traded through LSE was: £ 7,343,380,444 a change of 22%
10/06/2022 FTSE Closed at 7317 points. Change of -2.13%. Total value traded through LSE was: £ 6,019,204,674 a change of -10.01%
9/06/2022 FTSE Closed at 7476 points. Change of -1.54%. Total value traded through LSE was: £ 6,688,998,845 a change of -1.03%
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:OXIG Oxford Instruments** **LSE:RKH Rockhopper** **LSE:SPX Spirax** **

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Updated charts published on : Aston Martin, Asos, Carnival, 4D Pharma, Experian, Hikma, Hargreaves Lansdown, Hurrican Energy, British Airways, Intercontinental Hotels Group, International Personal Finance, ITM Power, Intertek, ITV, Just Eat, Lloyds Grp., Marks and Spencer, Rockhopper, Spirax,

LSE:AML Aston Martin Close Mid-Price: 468.7 Percentage Change: -8.13% Day High: 516.6 Day Low: 466.3

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LSE:ASC Asos Close Mid-Price: 783.5 Percentage Change: -32.46% Day High: 1040 Day Low: 775

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LSE:CCL Carnival Close Mid-Price: 654.8 Percentage Change: -10.08% Day High: 730.4 Day Low: 652.8

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LSE:DDDD 4D Pharma Close Mid-Price: 23.8 Percentage Change: -7.21% Day High: 26.15 Day Low: 23.25

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LSE:EXPN Experian Close Mid-Price: 2293 Percentage Change: -2.47% Day High: 2344 Day Low: 2266

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LSE:HIK Hikma Close Mid-Price: 1485 Percentage Change: -2.17% Day High: 1515.5 Day Low: 1466

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 762.6 Percentage Change: -3.42% Day High: 787.6 Day Low: 760

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LSE:HUR Hurrican Energy Close Mid-Price: 7.1 Percentage Change: -4.05% Day High: 7.93 Day Low: 6.74

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LSE:IAG British Airways Close Mid-Price: 109.22 Percentage Change: -7.20% Day High: 118.24 Day Low: 109.48

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LSE:IHG Intercontinental Hotels Group Close Mid-Price: 4238 Percentage Change: -4.70% Day High: 4431 Day Low: 4231

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LSE:IPF International Personal Finance. Close Mid-Price: 76.8 Percentage Change: + 0.39% Day High: 76.9 Day Low: 75.5

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LSE:ITM ITM Power Close Mid-Price: 205.8 Percentage Change: -3.33% Day High: 219.2 Day Low: 201.4

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LSE:ITRK Intertek Close Mid-Price: 4202 Percentage Change: -1.18% Day High: 4231 Day Low: 4141

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LSE:ITV ITV Close Mid-Price: 65.24 Percentage Change: -6.83% Day High: 70.28 Day Low: 64.88

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LSE:JET Just Eat Close Mid-Price: 1369.2 Percentage Change: -10.15% Day High: 1507.8 Day Low: 1356.2

Target met. Weakness on Just Eat below 1356.2 will invariably lead to 130 ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 42.24 Percentage Change: -4.14% Day High: 44.12 Day Low: 42.16

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LSE:MKS Marks and Spencer Close Mid-Price: 132.5 Percentage Change: -4.71% Day High: 137.9 Day Low: 129.6

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LSE:OXIG Oxford Instruments Close Mid-Price: 1986 Percentage Change: -8.48% Day High: 2165 Day Low: 1956

Target met. If Oxford Instruments experiences continued weakness below 19 ……..

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LSE:RKH Rockhopper Close Mid-Price: 7.25 Percentage Change: -8.92% Day High: 7.3 Day Low: 6.94

Target met. Weakness on Rockhopper below 6.94 will invariably lead to 6p ……..

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LSE:SPX Spirax Close Mid-Price: 9168 Percentage Change: -3.45% Day High: 9456 Day Low: 9048

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

EasyJet, a Head & Shoulders in waiting???

#Gold #CAC40

Sometimes, it’s worth decluttering your charts in case you’re missing something obvious. Aside from ditching ALL technical indicators, just change the chart type to “Line”, zoom out and take a 5+ year view, and think about what you’re seeing. Currently EasyJet provide a perfect example for this stance, albeit not a particularly comfortable example.

The chart below for EZJ dates back to 2009 and, hopefully obviously, there are a couple of items worthy of consideration. The current narrative among shares is “buy while they’re cheap” but, with Easyjet, we’re pretty far from convinced the budget airline is offering a share price which matches their alleged ticket policy.

 

The first thing which should be noticed is the current share price. By turning off “candles”, it becomes immediately clear the share is achieving “lower lows”, perhaps one of the biggest warning bells a share can ring. The chart below, showing Easyjet with “candles” turned on manages to utterly conceal the harsh reality of recent movements.

Secondly, there’s the small matter of a potential Head and Shoulders making itself known. Generally, we ridicule chart patterns but this one is deserving of respect, roughly 2/3rds of the time. Since the Covid-19 pandemic low of 2020, it’s possible Easyjet has painted this dangerous pattern. To be honest, Easyjet are far from alone in describing such a trajectory since the pandemic hit. It’s currently the case Bitcoin appear to be reaping the rewards of a similar trade history.

 

The chart below shows Easyjet, this time with candles turned on. Just to add confusion, we’ve chosen to Red circle the major share price manipulation gaps since 2020. At a glance, it’s obvious the market has chosen to force the share price down with a greater frequency than the UK Government has offered flights to Rwanda. On 10 out of 13 circles, the market has gapped the price downward, almost feeling like there may be a wish to drive Easyjet lower.

This being the case, the current situation suggests weakness below 408p risks triggering reversal to 334p next and hopefully a bounce. Below 334p and we’ll start to suspect the effect of the previously mentioned Head & Shoulders formation is kicking into play, our secondary target calculating at a ridiculous looking 38p.

For Easyjet to ascend out of trouble, the share price needs exceed Blue on the chart, currently around 600p as this should trigger gains to an initial 709p with secondary, if bettered, at a game changing 773p.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:53:26PM BRENT 117.22
9:55:36PM GOLD 1835.92 1813 1804 1792 1829 1842 1845 1858 1826 Success
10:00:31PM FTSE 7287.26 ‘cess
10:02:54PM FRANCE 6056 5968 5922 5862 6052 6102 6125 6156 6030 ‘cess
10:14:58PM GERMANY 13551 Success
10:17:07PM US500 3791.65 ‘cess
10:25:33PM DOW 30691.9 Success
10:27:27PM NASDAQ 11608 Success
10:29:17PM JAPAN 26563
15/06/2022 FTSE Closed at 7273 points. Change of 1.2%. Total value traded through LSE was: £ 6,820,318,073 a change of -14.4%
14/06/2022 FTSE Closed at 7187 points. Change of -0.25%. Total value traded through LSE was: £ 7,967,426,420 a change of 8.5%
13/06/2022 FTSE Closed at 7205 points. Change of -1.53%. Total value traded through LSE was: £ 7,343,380,444 a change of 22%
10/06/2022 FTSE Closed at 7317 points. Change of -2.13%. Total value traded through LSE was: £ 6,019,204,674 a change of -10.01%
9/06/2022 FTSE Closed at 7476 points. Change of -1.54%. Total value traded through LSE was: £ 6,688,998,845 a change of -1.03%
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -100%. Total value traded through LSE was: £ 6,878,313,102 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:CCL Carnival** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **

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Updated charts published on : Aston Martin, Carnival, International Personal Finance, National Glib, Rolls Royce, Spirax,

LSE:AML Aston Martin Close Mid-Price: 510.2 Percentage Change: -0.74% Day High: 534.2 Day Low: 501

Weakness on Aston Martin below 501 will invariably lead to 472 with secon ……..

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LSE:CCL Carnival. Close Mid-Price: 728.2 Percentage Change: + 0.52% Day High: 738.8 Day Low: 713.6

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LSE:IPF International Personal Finance Close Mid-Price: 76.5 Percentage Change: -4.26% Day High: 82 Day Low: 77.6

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LSE:NG. National Glib. Close Mid-Price: 1058 Percentage Change: + 0.71% Day High: 1070.5 Day Low: 1038.5

Weakness on National Glib below 1038.5 will invariably lead to 953 with s ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 90.69 Percentage Change: + 3.15% Day High: 91.68 Day Low: 87.71

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LSE:SPX Spirax. Close Mid-Price: 9496 Percentage Change: + 2.28% Day High: 9512 Day Low: 9086

Target met. Continued weakness against SPX taking the price below 9086 ca ……..

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

Vivo Energy Plc, happy in Africa!

#FTSE #Nasdaq

We wonder if our glance at Shell share price provoked the batch of emails asking about Vivo. To explain, Vivo Energy Plc, listed and headquartered in London, are the company behind Shell petrol stations across 23 different countries in Africa. Listed on the FTSE 250 since 2018, there certainly appeared a raft of optimism about their prospects, setting a quite different tone to the one we exhibited about Shell.

We’re sure it’s all just a co-incidence but, to be fair, we had wondered where all the Shell petrol stations had gone. There used to be two locally, now each a derelict plot of fenced off land, doubtless untouchable due to the historic risk of environmental damage to the ground. Once upon a time, replacing underground storage tanks was about as popular a concept among petrol retailers as root canal dental treatment is amongst patients. The costs were horrendous and when coupled with the threat of discovering an ancient diesel tank has been weeping for years, some petrol stations were probably safest just walked away from! Personally, I remember buying a particular petrol station, one with absurdly small storage tanks and a lack of documentation. Eventually, it was discovered the tanks had been installed just after WW2, making them closer to the days of the horse and cart than my Audi coupe. Thankfully, the things fell into the category of “they don’t build ’em like that anymore” and were easily replaced.

 

Reminiscences aside, Vivo share price is certainly displaying some hope for the future as above just 150p should prove capable of a lift to 170p next. Above 170p and things become interesting for the longer term as our secondary calculation works out at an amazing 219p. Such an ambition exceeds the initial IPO high of 200p back in 2018, hopefully indicating changed days for the future as we can currently calculate a distant hope of 256p as a third level target.

To be fair, we’d rather revisit the numbers, should 219p make itself known.

 

Currently trading around 144p, the share price needs plunge below 110p to indicate something dreadful is going wrong. A movement such as this would risk the share price literally halving to a future 55p, so perhaps 110p shall make an ideal stop loss level for those who just want to “fire and forget” a trade such as this.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:20:40PM BRENT 119.1 ‘cess
11:22:53PM GOLD 1808.16
11:24:55PM FTSE 7193 7129 7117 7067 7197 7269 7300 7356 7209 ‘cess
11:26:36PM FRANCE 5953 Success
11:35:13PM GERMANY 13350 ‘cess
11:38:04PM US500 3747 ‘cess
11:46:40PM DOW 30441 ‘cess
11:48:13PM NASDAQ 11368 11199 11118 10989 11368 11507 11579 11704 11407
14/06/2022 FTSE Closed at 7187 points. Change of -0.25%. Total value traded through LSE was: £ 7,967,426,420 a change of 8.5%
13/06/2022 FTSE Closed at 7205 points. Change of -1.53%. Total value traded through LSE was: £ 7,343,380,444 a change of 22%
10/06/2022 FTSE Closed at 7317 points. Change of -2.13%. Total value traded through LSE was: £ 6,019,204,674 a change of -10.01%
9/06/2022 FTSE Closed at 7476 points. Change of -1.54%. Total value traded through LSE was: £ 6,688,998,845 a change of -1.03%
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -100%. Total value traded through LSE was: £ 6,878,313,102 a change of 0%
6/06/2022 FTSE Closed at 7608 points. Change of 0%. Total value traded through LSE was: £ 6,070,626,814 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **

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Updated charts published on : AFC Energy, Aston Martin, Asos, Carnival, Centamin, 4D Pharma, Experian, EasyJet, Hikma, Hargreaves Lansdown, British Airways, IG Group, Intercontinental Hotels Group, ITM Power, Intertek, Royal Mail, Sainsbury, Spirax,

LSE:AFC AFC Energy Close Mid-Price: 21.76 Percentage Change: -5.23% Day High: 23.54 Day Low: 21.7

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LSE:AML Aston Martin Close Mid-Price: 514 Percentage Change: -4.81% Day High: 553.8 Day Low: 511

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LSE:ASC Asos Close Mid-Price: 1122 Percentage Change: -7.20% Day High: 1232 Day Low: 1110

Target Met. Now below 1110 suggests ongoing weakness to 955 with secondary ……..

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LSE:CCL Carnival Close Mid-Price: 724.4 Percentage Change: -3.31% Day High: 753.4 Day Low: 715.8

If Carnival experiences continued weakness below 715, it will invariably l ……..

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LSE:CEY Centamin Close Mid-Price: 75.78 Percentage Change: -6.88% Day High: 82.8 Day Low: 74.7

If Centamin experiences continued weakness below 74, it will invariably le ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 24.5 Percentage Change: -4.85% Day High: 25.65 Day Low: 24

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LSE:EXPN Experian Close Mid-Price: 2323 Percentage Change: -2.31% Day High: 2416 Day Low: 2298

Target Met. Ongoing weakness now below 2298 suggests travel down to 2212 n ……..

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LSE:EZJ EasyJet Close Mid-Price: 410.1 Percentage Change: -3.10% Day High: 437 Day Low: 408.2

Target Met. Now below 408 threatens reversal to an initial 356 with second ……..

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LSE:HIK Hikma Close Mid-Price: 1509.5 Percentage Change: -1.82% Day High: 1559.5 Day Low: 1495.5

Target Met. Now below 1495 looks like promoting reversal to an initial 139 ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 771.8 Percentage Change: -1.48% Day High: 795.2 Day Low: 772.2

Target Met or near enough. Next below 770 becomes especially troubling, al ……..

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LSE:IAG British Airways Close Mid-Price: 113.9 Percentage Change: -0.97% Day High: 118.12 Day Low: 113.62

Target Met. This now looks like it intends challenge the Covid lows. Below ……..

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LSE:IGG IG Group Close Mid-Price: 648 Percentage Change: -1.52% Day High: 664.5 Day Low: 647

Target Met. Further traffic below 647 now suggests coming weakness to an i ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4351 Percentage Change: + 0.95% Day High: 4399 Day Low: 4261

All Intercontinental Hotels Group needs are mid-price trades ABOVE 5040 to ……..

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LSE:ITM ITM Power Close Mid-Price: 202.2 Percentage Change: -4.13% Day High: 218.5 Day Low: 202.3

In the event ITM Power experiences weakness below 202, it calculates with ……..

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LSE:ITRK Intertek Close Mid-Price: 4233 Percentage Change: -0.77% Day High: 4301 Day Low: 4154

Target Met. Continued weakness against ITRK taking the price below 4150 ca ……..

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LSE:RMG Royal Mail. Close Mid-Price: 273.7 Percentage Change: + 0.18% Day High: 276.5 Day Low: 263.2

Continued weakness against RMG taking the price below 263 calculates as l ……..

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LSE:SBRY Sainsbury Close Mid-Price: 203.3 Percentage Change: -0.78% Day High: 205.2 Day Low: 201.7

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LSE:SPX Spirax Close Mid-Price: 9284 Percentage Change: -2.81% Day High: 9670 Day Low: 9282

Weakness on Spirax below 9280 will invariably lead to 9211 with secondary ……..

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

Shell Plc, Brent, Wall St & the end of the world…

#Gold #SP500

Why are fuel prices so high? Nearly £2 a litre makes little sense as Crude Oil was at this price level from 2008 through to 2014. VAT & Fuel Duty were roughly at current levels too! One might even wonder if the oil companies are indulging in a little profiteering to make up for the lean years of the pandemic? But if that’s the case, why are oiler share prices still dodgy?

 

Shell Plc (LSE:SHEL)

With the price of fuel, along with reports of record profit levels, we’d expect Shell to be enjoying a share price which is soaring to new levels. Unfortunately, this appears not to be the case, quite the opposite. We’re fond of treating the pre-pandemic price level for shares as a benchmark, requiring prices to solidly exceed a value before Covid-19 hit everything. In the case of Shell Plc, their share price matched the pre-pandemic level, even exceeded it slightly, and now appears destined to experience some reversals.

At least people are returning to their offices, so they can work harder to afford the extra cost of fuel to return to their offices… Things appear to be messy from virtually any perspective.

Currently for Shell, price movement below 2255p risks triggering near term reversal to a pretty tame sounding 2191p. The share price level, pre-pandemic, was around 2300p, so this scenario isn’t particularly nasty. The danger comes, should Shell manage to close a session below 2191p, as further reversal to our secondary of 1983p calculates as possible.

As the chart below highlights, this is a big issue, returning Shells share price below the Blue downtrend and placing it in a region where an eventual return to the £12 level calculates as possible. Unfortunately, such a mess also makes a lot of visual sense.

We’ve given quite a lot of doom and gloom against this share price. Please remember, we’re indulging in “worst case scenario”, especially as the share price needs close a session below 2191p to tick the first box.

 

Wall St (Dowi:DJI) When we reviewed Wall St a month ago, our thoughts about a target level of 30,000 points where relegated to the final paragraph. To employ a technical term, Oops! The index has managed to shed 2,000 points and is virtually at our initial drop target. Things have gotten really messy with the US index and if the market fails to bounce above 30,100 points, it could easily continue a slide down to 29,500. Our secondary, if such a level breaks, calculates down at 28,000 points, a price level where a bounce is “almost” mandatory.

Currently, Wall St needs astounding movement above 33,700 points, just to confirm a serious escape attempt from the current spiral of misery.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:00:17PM BRENT 120.63 Shambles
11:07:21PM GOLD 1819.34 1808 1786 1740 1833 1834 1838 1848 1817 Success
11:11:04PM FTSE 7235 ditto
11:13:58PM FRANCE 6026 ditto
11:19:16PM GERMANY 13499 ditto
11:22:14PM US500 3767 3734 3718 3594 3823 3853 3868 3912 3797 ditto
11:23:57PM DOW 30620 ditto
11:29:42PM NASDAQ 11364 ditto
11:32:16PM JAPAN 26511 ditto
13/06/2022 FTSE Closed at 7205 points. Change of -1.53%. Total value traded through LSE was: £ 7,343,380,444 a change of 22%
10/06/2022 FTSE Closed at 7317 points. Change of -2.13%. Total value traded through LSE was: £ 6,019,204,674 a change of -10.01%
9/06/2022 FTSE Closed at 7476 points. Change of -1.54%. Total value traded through LSE was: £ 6,688,998,845 a change of -1.03%
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -0.13%. Total value traded through LSE was: £ 6,878,313,102 a change of 13.3%
6/06/2022 FTSE Closed at 7608 points. Change of -100%. Total value traded through LSE was: £ 6,070,626,814 a change of 0%
1/06/2022 FTSE Closed at 7532 points. Change of 0%. Total value traded through LSE was: £ 5,845,714,503 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AFC AFC Energy** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:LLOY Lloyds Grp.** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SPX Spirax** **LSE:TSCO Tesco** **

********

Updated charts published on : AFC Energy, Aston Martin, Asos, 4D Pharma, Experian, EasyJet, Fresnillo, Hikma, Hargreaves Lansdown, Hurrican Energy, British Airways, IG Group, ITM Power, Intertek, Lloyds Grp., Royal Mail, Sainsbury, Spirax, Tesco,

LSE:AFC AFC Energy Close Mid-Price: 22.96 Percentage Change: -6.82% Day High: 24.44 Day Low: 22.5

Target met. Continued weakness against AFC taking the price below 22.5 ca ……..

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LSE:AML Aston Martin Close Mid-Price: 540 Percentage Change: -11.74% Day High: 603.2 Day Low: 536

Target met. In the event Aston Martin experiences weakness below 536 it c ……..

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LSE:ASC Asos Close Mid-Price: 1209 Percentage Change: -6.93% Day High: 1285 Day Low: 1214

Continued weakness against ASC taking the price below 1214 calculates as ……..

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LSE:CCL Carnival Close Mid-Price: 749.2 Percentage Change: -8.83% Day High: 817.4 Day Low: 734.2

Target met. If Carnival experiences continued weakness below 734.2, it wi ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 25.75 Percentage Change: -4.98% Day High: 26.5 Day Low: 25.4

In the event 4D Pharma experiences weakness below 25.4 it calculates with ……..

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LSE:EXPN Experian Close Mid-Price: 2378 Percentage Change: -1.86% Day High: 2404 Day Low: 2370

Target met. If Experian experiences continued weakness below 2370, it wil ……..

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LSE:EZJ EasyJet Close Mid-Price: 423.2 Percentage Change: -6.41% Day High: 445 Day Low: 420.3

Target met. Weakness on EasyJet below 420.3 will invariably lead to 408 w ……..

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LSE:FRES Fresnillo. Close Mid-Price: 790 Percentage Change: + 5.56% Day High: 844.2 Day Low: 745.8

Target met. Continued trades against FRES with a mid-price ABOVE 844.2 sh ……..

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LSE:HIK Hikma Close Mid-Price: 1537.5 Percentage Change: -2.90% Day High: 1567 Day Low: 1524

Target met. Weakness on Hikma below 1524 will invariably lead to 1504 wit ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 783.4 Percentage Change: -0.84% Day High: 795.6 Day Low: 778.6

If Hargreaves Lansdown experiences continued weakness below 778.6, it wil ……..

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LSE:HUR Hurrican Energy Close Mid-Price: 7.19 Percentage Change: -6.50% Day High: 7.7 Day Low: 7.13

Weakness on Hurrican Energy below 7.13 will invariably lead to 6p with se ……..

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LSE:IAG British Airways Close Mid-Price: 115.02 Percentage Change: -4.55% Day High: 119.84 Day Low: 115.72

Target met. Continued weakness against IAG taking the price below 115.72 ……..

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LSE:IGG IG Group Close Mid-Price: 658 Percentage Change: -3.80% Day High: 685 Day Low: 653.5

If IG Group experiences continued weakness below 653.5, it will invariabl ……..

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LSE:ITM ITM Power Close Mid-Price: 210.9 Percentage Change: -8.78% Day High: 227.4 Day Low: 209.6

Target met. In the event ITM Power experiences weakness below 209.6 it ca ……..

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LSE:ITRK Intertek Close Mid-Price: 4266 Percentage Change: -2.54% Day High: 4351 Day Low: 4226

Target met. Continued weakness against ITRK taking the price below 4226 c ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 42.83 Percentage Change: -2.00% Day High: 43.38 Day Low: 42.53

If Lloyds Grp. experiences continued weakness below 42.53, it will invari ……..

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LSE:RMG Royal Mail Close Mid-Price: 273.2 Percentage Change: -2.11% Day High: 275 Day Low: 268.2

Target met. Continued weakness against RMG taking the price below 268.2 c ……..

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LSE:SBRY Sainsbury Close Mid-Price: 204.9 Percentage Change: -3.94% Day High: 213.7 Day Low: 204.4

In the event Sainsbury experiences weakness below 204.4 it calculates wit ……..

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LSE:SPX Spirax Close Mid-Price: 9552 Percentage Change: -2.93% Day High: 9808 Day Low: 9470

Target met. Weakness on Spirax below 9470 will invariably lead to 9214 wi ……..

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LSE:TSCO Tesco Close Mid-Price: 246.1 Percentage Change: -1.60% Day High: 251.2 Day Low: 242.4

Target met. Continued weakness against TSCO taking the price below 242.4 ……..

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

Lloyds Bank, price drop levels?

#Brent #Dax

We truly did not anticipate the FTSE hitting our 7325 drop target on Friday. The 142 point reversal from trigger to target was made doubly worse, thanks to the FTSE closing marginally below our target at 7317 points. It begs the question, should we anticipate things falling further? Thanks to inflation figures, the markets are behaving really badly and we’re worried for the future.

Lloyds Bank is a case in point. When we reviewed the share price three weeks ago, our simple request of the share price stumbling above just 46.4p to bring happy times has proven quite curious. The share price has tickled the trigger level a couple of times, yet utterly failed to exceed 46.4p. Instead, peaking at 46.2p perhaps carries an implication of inherent weakness and now, perhaps Lloyds Bank share price is setting itself up for a bit of a thrashing. If this is the case, the wider behaviour of the markets on Friday must surely carry the expectation of those shares with a possible excuse for a hammering to discover an excuse to run themselves into a brick wall anytime soon.

Should this be the case, it’s entirely possible Lloyds shall be about to introduce some potential entry levels.

 

Currently, for Lloyds Banking Group, below 43p looks troubling, calculating as capable of provoking reversal to an initial 41.4p. There are difficulties in suggestion 41.4p shall be a profitable entry level as such a target also brings a “lower low”. Neither does such an ambition collide with the Red uptrend, making the prospect of a bounce unlikely.

In the event 41.4p breaks, our secondary is at 38.3p and again, this is a troubled target level. Obviously it breaks the Red uptrend and, less obviously, it gives the share price an opportunity to close a session below the March levels of the Russia low. In this instance, we’re inclined to produce a third level drop target, should 38.3p break. Apparently Lloyds risks a cascade effect and hopefully shall find itself above to bounce at 32.5p. We can also produce an “ultimate bottom” of 26.9p, this representing a level below which we cannot calculate.

 

On a brighter note, Lloyds still requires exceed 46.4p to suggest happy days ahead. Unfortunately, we’re starting to suspect the only way Lloyds share price shall grow in value is if the company opt to introduce a “Share Split”, for instance taking back 5 shares and issuing 1 share in their place. This method, to artificially inflate the share price, historically fails to impress the markets and will be unlikely to do investors any favours.

 

Finally, the Baku Grand Prix finally returned the sport to it’s “Most Favoured” status. Sunday saw a few interesting opening laps, then it got boring and permitted a nap, waking up to enjoy the last 4 laps. That’s what Sunday afternoon racing should be like, orderly racing with a chance of a snooze. And no stupid controversy!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
1:05:54PM BRENT 120.56 118.71 118.57 116.91 120.87 121.75 122.56 123.84 120.42 Success
1:13:38PM GOLD 1871 Success
1:17:34PM FTSE 7352.98 ‘cess
1:24:16PM FRANCE 6187.2 Success
1:36:15PM GERMANY 13814 13740 13678 13659 13856 13968 13986 14068 13804 Success
1:41:59PM US500 3899 Success
1:47:48PM DOW 31391 Success
2:14:45PM NASDAQ 11837 Success
2:17:05PM JAPAN 27387 Success
10/06/2022 FTSE Closed at 7317 points. Change of -2.13%. Total value traded through LSE was: £ 6,019,204,674 a change of -10.01%
9/06/2022 FTSE Closed at 7476 points. Change of -1.54%. Total value traded through LSE was: £ 6,688,998,845 a change of -1.03%
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -0.13%. Total value traded through LSE was: £ 6,878,313,102 a change of 13.3%
6/06/2022 FTSE Closed at 7608 points. Change of 1.01%. Total value traded through LSE was: £ 6,070,626,814 a change of 3.85%
1/06/2022 FTSE Closed at 7532 points. Change of -0.99%. Total value traded through LSE was: £ 5,845,714,503 a change of -53.49%
31/05/2022 FTSE Closed at 7607 points. Change of -100%. Total value traded through LSE was: £ 12,568,637,540 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:ECO ECO (Atlantic) O & G** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:TSCO Tesco** **

********

Updated charts published on : Carnival, 4D Pharma, ECO (Atlantic) O & G, Experian, EasyJet, Hikma, Hargreaves Lansdown, ITM Power, Intertek, Royal Mail, Spirax, Serco, Tesco,

LSE:CCL Carnival Close Mid-Price: 821.8 Percentage Change: -6.04% Day High: 880.4 Day Low: 822

Target met. Continued weakness against CCL taking the price below 822 cal ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 27.1 Percentage Change: -5.90% Day High: 28.5 Day Low: 26.35

Continued weakness against DDDD taking the price below 26.35 calculates a ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 30.5 Percentage Change: + 1.67% Day High: 31 Day Low: 29.6

Further movement against ECO (Atlantic) O & G ABOVE 31 should improve acc ……..

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LSE:EXPN Experian Close Mid-Price: 2423 Percentage Change: -2.57% Day High: 2467 Day Low: 2410

Target met. Weakness on Experian below 2410 will invariably lead to 2397 ……..

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LSE:EZJ EasyJet Close Mid-Price: 452.2 Percentage Change: -3.23% Day High: 463.3 Day Low: 448.9

In the event EasyJet experiences weakness below 448.9 it calculates with ……..

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LSE:HIK Hikma Close Mid-Price: 1583.5 Percentage Change: -1.71% Day High: 1614 Day Low: 1579.5

If Hikma experiences continued weakness below 1579.5, it will invariably ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 790 Percentage Change: -2.64% Day High: 817.6 Day Low: 790.6

Target met. In the event Hargreaves Lansdown experiences weakness below 7 ……..

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LSE:ITM ITM Power Close Mid-Price: 231.2 Percentage Change: -2.12% Day High: 243.7 Day Low: 228.9

If ITM Power experiences continued weakness below 228.9, it will invariab ……..

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LSE:ITRK Intertek Close Mid-Price: 4377 Percentage Change: -1.60% Day High: 4421 Day Low: 4331

Target met. Weakness on Intertek below 4331 will invariably lead to 4300 ……..

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LSE:RMG Royal Mail Close Mid-Price: 279.1 Percentage Change: -2.21% Day High: 283.4 Day Low: 276.4

Target met. Weakness on Royal Mail below 276.4 will invariably lead to 26 ……..

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LSE:SPX Spirax Close Mid-Price: 9840 Percentage Change: -3.53% Day High: 10145 Day Low: 9816

Target met. If Spirax experiences continued weakness below 9816, it will ……..

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LSE:SRP Serco Close Mid-Price: 178.6 Percentage Change: -2.83% Day High: 186 Day Low: 177.8

Target met. All Serco needs are mid-price trades ABOVE 186 to improve acc ……..

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LSE:TSCO Tesco Close Mid-Price: 250.1 Percentage Change: -0.83% Day High: 253.7 Day Low: 248.9

Target met. Weakness on Tesco below 248.9 will invariably lead to 243 wit ……..

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

Our popular FTSE for FRIDAY

#FTSE #Gold

There was a feeling of not hearing the news correctly. When the BBC mentioned the current UK PM has set out a plan for “benefit claimants to get mortgages”, deja vu and a memory of the financial crash of 2009 sprung to mind. Wasn’t the entire shambles caused by mortgages being given to folk who couldn’t afford to pay them?

The UK markets didn’t appear especially impressed anyway, the FTSE failing to even nod above its immediate plans to enjoy a day of misery. So instead, opting to spend the afternoon clearing out the shed felt like a better idea. This cunning plan took just a few minutes to be sidetracked!

 

Growing from the metal roof of the shed were three weird cocoons, each roughly the side of a golf ball. Returning to the office, a Google search revealed I’d probably had three Queen Wasps building nests, the cocoons destined to grow substantially when the residents matured. What really surprised was how many folk think the process to be fascinating, while the only thing really needed was finding to get rid of them. From the safety of the office, several plans were considered and discarded.

Firstly, Wasps Nest Powder was impossible as the product is designed to work on a “little stinging sod” factory with plenty of traffic.

Secondly, creating a flamethrower with a lit match and hairspray was out of the question. The shed has rather a lot of flammable contents.

Third, attaching a wire brush to a long pole felt like a good idea. I slid the door open and aggressively assaulted the largest cocoon. Alas, it transpired the largest wasp I’ve ever seen was in residence. While the thing didn’t quite grab the brush and attack me, it was considering it. Retreat, sliding the doors shut was the only option. A few minutes later, a used can of Raid Wasp Spray was thrown in the doors, sticky tape holding the spray down while the thing hissed like a frantic smoke grenade. After a reasonable timeframe, the forty point drop on the FTSE between 3 and 4pm, the shed doors were opened and the building left to air itself. By 5pm, sufficient courage was generated to squish the other two cocoons, neither of which disgorged a furious mummy wasp. One facet of wasp research was interesting. Only the female wasp stings and she does, frequently.

 

The FTSE spent Thursday stinging investors  but we’d a sneaking suspicion some recovery can be hoped for on Friday. At least, we had until the US markets threw a wobbly on Thursday evening, the DOW losing 500 points with indecent haste.  Currently, it appears above 7510 points should trigger some proper movement for the UK as an impressive lunge toward 7570 calculates as possible. If exceeded, our secondary works out at a less confident looking 7627 points. To be honest, we’re less confident about our secondary, due to the fascination shown by the FTSE at 7600 points in the last week and we shall not be aghast if the index once again decides to close a session around such a level.

Rather more key, for the longer term, is the Blue trend line on the chart. Presently, the FTSE needs close a session above 7667 to suggest an effort to break free from the current hiatus is possible but, to be fair, even a nod above the recent high of 7649 should give early warning for happy days ahead.

Our alternate scenario, if things decide to go pear shaped, comes should the FTSE manage below 7467 points – and NOT with an opening second downward spike. Such movement looks especially troubling, suggesting ongoing weakness to an initial 7409 points with secondary, if broken, at a bottom of 7325 points.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:26:26PM BRENT 121.87 121.57 121.15 122.68 123.2 123.565 122.4
9:28:08PM GOLD 1848.16 1839 1833 1850 1855 1859 1848 ‘cess
9:33:33PM FTSE 7440 7418 7358 7460 7494 7523 7466 Success
10:09:30PM FRANCE 6304 6299 6259 6381 6375 6394 6339 Success
10:18:11PM GERMANY 14117 14074 14026 14136 14144 14243 14097 Success
10:21:29PM US500 4024.82 4015 3963 4035 4035 4042 4015 Success
10:24:40PM DOW 32336 32261 32170 32425 32431 32460 32330 Success
10:27:19PM NASDAQ 12294 12252 12222 12410 12350 12411 12295 Success
10:29:34PM JAPAN 28025 27945 27898 28025 28105 28236 28013
9/06/2022 FTSE Closed at 7476 points. Change of -1.54%. Total value traded through LSE was: £ 6,688,998,845 a change of -1.03%
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -0.13%. Total value traded through LSE was: £ 6,878,313,102 a change of 13.3%
6/06/2022 FTSE Closed at 7608 points. Change of 1.01%. Total value traded through LSE was: £ 6,070,626,814 a change of 3.85%
1/06/2022 FTSE Closed at 7532 points. Change of -0.99%. Total value traded through LSE was: £ 5,845,714,503 a change of -53.49%
31/05/2022 FTSE Closed at 7607 points. Change of -100%. Total value traded through LSE was: £ 12,568,637,540 a change of 0%
30/05/2022 FTSE Closed at 7600 points. Change of 0%. Total value traded through LSE was: £ 5,407,099,048 a change of 0%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BP. BP PLC** **LSE:DDDD 4D Pharma** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SRP Serco** **

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Updated charts published on : BP PLC, 4D Pharma, Gulf Keystone, Hikma, IG Group, International Personal Finance, ITM Power, Intertek, Royal Mail, Sainsbury, Serco,

LSE:BP. BP PLC Close Mid-Price: 448.3 Percentage Change: -0.69% Day High: 456 Day Low: 449.2

Further movement against BP PLC ABOVE 456 should improve acceleration tow ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 28.8 Percentage Change: -5.26% Day High: 30.35 Day Low: 28.4

Weakness on 4D Pharma below 28.4 will invariably lead to 17 with secondar ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 310 Percentage Change: + 0.00% Day High: 321 Day Low: 306.5

Target met. All Gulf Keystone needs are mid-price trades ABOVE 321 to imp ……..

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LSE:HIK Hikma Close Mid-Price: 1611 Percentage Change: -2.16% Day High: 1642 Day Low: 1597.5

In the event Hikma experiences weakness below 1597.5 it calculates with a ……..

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LSE:IGG IG Group Close Mid-Price: 670 Percentage Change: -5.77% Day High: 714.5 Day Low: 664.5

Target met. In the event IG Group experiences weakness below 664.5 it cal ……..

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LSE:IPF International Personal Finance Close Mid-Price: 85.5 Percentage Change: -6.04% Day High: 94.7 Day Low: 86.2

Further movement against International Personal Finance ABOVE 94.7 should ……..

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LSE:ITM ITM Power Close Mid-Price: 236.2 Percentage Change: -18.21% Day High: 278.8 Day Low: 236.1

Target met. Weakness on ITM Power below 236.1 will invariably lead to 214 ……..

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LSE:ITRK Intertek Close Mid-Price: 4448 Percentage Change: -0.94% Day High: 4471 Day Low: 4423

If Intertek experiences continued weakness below 4423, it will invariably ……..

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LSE:RMG Royal Mail Close Mid-Price: 285.4 Percentage Change: -2.06% Day High: 289.9 Day Low: 281.4

Target met. If Royal Mail experiences continued weakness below 281.4, it ……..

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LSE:SBRY Sainsbury Close Mid-Price: 209.4 Percentage Change: -5.85% Day High: 213.9 Day Low: 207.6

Target met. Weakness on Sainsbury below 207.6 will invariably lead to 193 ……..

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LSE:SRP Serco. Close Mid-Price: 183.8 Percentage Change: + 0.60% Day High: 184.8 Day Low: 181.2

In the event of Serco enjoying further trades beyond 184.8, the share sho ……..

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

SGL Carbon SE, holding the world together!

XE:SGL #Brent #WallSt

The carbon fibre industry is fascinating, due to the sheer mass of applications in which this amazing product finds itself. For most of us, the only frequent reminder are Formula1 commentators moaning about how long it takes track marshals to brush carbon fibre away, following a race track incident. In reality, whether it’s aircraft, wind turbines, building insulation, prosthetic limbs, or even Lithium-Ion batteries, both carbon and graphite are found. Someone once described carbon as “the duct tape of life”, a pretty fair description.

The company SGL are one of the biggies in the field with 31 locations worldwide. Back in the 1990’s, they even gained notoriety as a ringleader in a cartel which controlled supply and prices of carbon to the North American markets! However, nowadays, we’d be more inclined to congratulate their good taste in having a manufacturing facility in Muir of Ord in the Scottish Highlands, a convenient jumping off point for everywhere interesting in the north.

 

Our weekly trawl of European traded shares which look interesting revealed something potentially positive for SGL.

Currently, trades above 7.4€ should provoke further price recovery to an initial 8.2 euro. This is where things have the potential to trigger a change in the share price’ fortunes. Closure above 8.2 will place the price above the merciless Blue downtrend since 2012. Such a movement should prove sufficient for an attempt at 11.2€ initially, along with some almost certain hesitation due to prior highs. However, should 11.2 be exceeded, we can plan for a longer term 14.8€, along with a need to once again review the share price future.

For everything to go horribly wrong, the price needs crash below 4.85. Should such a tragedy occur, goodness knows how many race marshals shall be needed to brush up the mess…

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:42:20PM BRENT 123.2 119.64 118.45 116.74 121.63 123.58 124.11 124.49 122.48 Success
10:06:07PM GOLD 1853 ‘cess
10:08:11PM FTSE 7567
10:09:59PM FRANCE 6407
10:15:08PM GERMANY 14392
10:16:48PM US500 4119
10:19:45PM DOW 32930 32816 32777 32633 32978 33255 33414 33619 33015
10:21:43PM NASDAQ 12624
10:23:18PM JAPAN 28130 Not got a clue! 28284 28333 28734 27873
8/06/2022 FTSE Closed at 7593 points. Change of -0.07%. Total value traded through LSE was: £ 6,758,685,339 a change of -1.74%
7/06/2022 FTSE Closed at 7598 points. Change of -0.13%. Total value traded through LSE was: £ 6,878,313,102 a change of 13.3%
6/06/2022 FTSE Closed at 7608 points. Change of 1.01%. Total value traded through LSE was: £ 6,070,626,814 a change of 3.85%
1/06/2022 FTSE Closed at 7532 points. Change of -0.99%. Total value traded through LSE was: £ 5,845,714,503 a change of -53.49%
31/05/2022 FTSE Closed at 7607 points. Change of 0.09%. Total value traded through LSE was: £ 12,568,637,540 a change of 132.45%
30/05/2022 FTSE Closed at 7600 points. Change of -100%. Total value traded through LSE was: £ 5,407,099,048 a change of 0%
27/05/2022 FTSE Closed at 7585 points. Change of 0%. Total value traded through LSE was: £ 5,290,006,868 a change of 0%

 

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

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

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

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

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

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

Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:DDDD 4D Pharma** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:IGAS Igas Energy** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:RMG Royal Mail** **LSE:SBRY Sainsbury** **LSE:SRP Serco** **

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Updated charts published on : BALFOUR BEATTY, BP PLC, 4D Pharma, EasyJet, Gulf Keystone, Igas Energy, IQE, Intertek, Royal Mail, Sainsbury, Serco,

LSE:BBY BALFOUR BEATTY Close Mid-Price: 267 Percentage Change: -0.37% Day High: 273.6 Day Low: 266.6

Further movement against BALFOUR BEATTY ABOVE 273.6 should improve accele ……..

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LSE:BP. BP PLC. Close Mid-Price: 451.4 Percentage Change: + 1.10% Day High: 452.5 Day Low: 448.75

Target met. Continued trades against BP. with a mid-price ABOVE 452.5 sho ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 30.4 Percentage Change: -3.80% Day High: 31.7 Day Low: 29.8

If 4D Pharma experiences continued weakness below 29.8, it will invariabl ……..

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LSE:EZJ EasyJet Close Mid-Price: 478.5 Percentage Change: -1.95% Day High: 496.9 Day Low: 462.3

Continued weakness against EZJ taking the price below 462.3 calculates as ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 310 Percentage Change: + 3.16% Day High: 310 Day Low: 302

Target met. Continued trades against GKP with a mid-price ABOVE 310 shoul ……..

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LSE:IGAS Igas Energy Close Mid-Price: 25.5 Percentage Change: -1.92% Day High: 26 Day Low: 24.2

If Igas Energy experiences continued weakness below 24.2, it will invaria ……..

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LSE:IQE IQE. Close Mid-Price: 41 Percentage Change: + 13.89% Day High: 41.05 Day Low: 35.85

In the event of IQE enjoying further trades beyond 41.05, the share shoul ……..

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LSE:ITRK Intertek Close Mid-Price: 4490 Percentage Change: -1.56% Day High: 4585 Day Low: 4467

In the event Intertek experiences weakness below 4467 it calculates with ……..

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LSE:RMG Royal Mail Close Mid-Price: 291.4 Percentage Change: -5.17% Day High: 307.9 Day Low: 290

In the event Royal Mail experiences weakness below 290 it calculates with ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 222.4 Percentage Change: + 0.45% Day High: 224.4 Day Low: 220.2

Target met. If Sainsbury experiences continued weakness below 220.2, it ……..

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LSE:SRP Serco. Close Mid-Price: 182.7 Percentage Change: + 0.50% Day High: 183.3 Day Low: 180.5

Target met. Further movement against Serco ABOVE 183.3 should improve acc ……..

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