Trends And Targets

#Gold #Nasdaq

We received a few emails asking about Comptoir, due to this AIM listed Lebanese themed restaurant chain share price umping by a solid 48%. The reason was fairly straightforward, a return to normality has brought a return to profits. The corporate website is worth a visit, if only due to their homage to the Queen at the bottom of the screen.

It certainly made for a pleasant change, seeing a Brit who isn’t Tommy Cooper wearing a red Fez.

Here in Argyll, there’s a distinct lack of Lebanese cuisine, an absence enhanced by the wonderful collection of Lebanese recipe food on the website. Perhaps next time we take a visit to England, it will be worth trying the experience as the chain don’t have a presence north of the border. Unfortunately, every single experience of food from “that side of the Med” has ensured a thoroughly spoiled holiday and a surprise weight loss regime. Our last trip to Egypt prompted a final travel embargo, thanks to previous culinary disasters on trips to Morocco, Algeria, and Tunisia. However, despite enjoying a ‘sensitive tummy’, the opportunity of trying a nations traditional food from the safety of London holds a certain attraction.

 

Comptoir share price certainly managed to move faster than myself running to a toilet in Cairo. Despite it closing the day at 8p after a day high at 11.75p, we shall be curious should it now find sufficient impetus to exceed 10.9p. Movement such as this is liable to now trigger a dash in the direction of 15p next. We tend suspect some hesitation at such a level, should it grace our screens, if only due to a prior high back in 2019. Sometimes the prospect of a glass ceiling becomes a self fulfilling prophecy. However, above 15p calculates with the potential of 18.5p as a secondary, a target level we’re not currently inclined to hold out hope for.

Closure above 15p shall become quite a big deal in the longer term, effectively placing the price in a region with the potential of a distant 29p.

 

Alas, there is a small problem with all this optimism and it comes from the faint Grey trendline on the chart. (see inset) This line represents the shares closing price highs since 2019 and for some reason, the market refused to let the share close above this particular trend, despite the price being substantially higher during the session. This behaviour gives a worrying message of the market keeping an eye on the share, along with an unpleasant threat of below 7.75p triggering reversal back to 5.25p, entrenching the price until such time a future excuse is discovered for another attempt at growth.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:31:01PM	BRENT	117.67									‘cess
9:34:08PM	GOLD	1855.87	1847	1845	1841	1861	1863	1872	1883	1851	Shambles
9:36:58PM	FTSE	7611.9									‘cess
9:39:26PM	FRANCE	6565.2									‘cess
9:41:19PM	GERMANY	14587
10:10:32PM	US500	4180.1									Success
10:12:57PM	DOW	33299									‘cess
10:14:47PM	NASDAQ	12816	12715	12673	12604	12802	12882	12907	12966	12828
10:16:56PM	JAPAN	27321									Success

30/05/2022 FTSE Closed at 7600 points. Change of 0.2%. Total value traded through LSE was: £ 5,407,099,048 a change of 2.21%

27/05/2022 FTSE Closed at 7585 points. Change of 0.28%. Total value traded through LSE was: £ 5,290,006,868 a change of -11.27%

26/05/2022 FTSE Closed at 7564 points. Change of 0.56%. Total value traded through LSE was: £ 5,961,976,188 a change of -3.28%

25/05/2022 FTSE Closed at 7522 points. Change of 0.51%. Total value traded through LSE was: £ 6,164,105,326 a change of -26.57%

24/05/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 8,394,166,006 a change of 28.44%

23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%

20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%

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:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:CBX Cellular Goods** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:IAG British Airways** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TERN Tern Plc** **LSE:TRN The Trainline** **

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Updated charts published on : Aviva, Astrazeneca, Barclays, Cellular Goods, Diageo, ECO (Atlantic) O & G, MAN, British Airways, Natwest, Ocado Plc, Rolls Royce, Serco, Standard Chartered, Tern Plc, The Trainline,

LSE:AV. Aviva Close Mid-Price: 434.7 Percentage Change: -1.41% Day High: 443.2 Day Low: 433.7

Further movement against Aviva ABOVE 443.2 should improve acceleration to ……..

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LSE:AZN Astrazeneca Close Mid-Price: 10468 Percentage Change: -1.06% Day High: 10676 Day Low: 10396

All Astrazeneca needs are mid-price trades ABOVE 10676 to improve acceler ……..

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LSE:BARC Barclays. Close Mid-Price: 171.22 Percentage Change: + 0.49% Day High: 173.34 Day Low: 170.12

Target met. Continued trades against BARC with a mid-price ABOVE 173.34 s ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.7 Percentage Change: -2.86% Day High: 1.7 Day Low: 1.45

If Cellular Goods experiences continued weakness below 1.45, it will inva ……..

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LSE:DGE Diageo. Close Mid-Price: 3668.5 Percentage Change: + 0.69% Day High: 3712.5 Day Low: 3649

Further movement against Diageo ABOVE 3712.5 should improve acceleration ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 29.3 Percentage Change: + 3.90% Day High: 29.5 Day Low: 28.5

In the event of ECO (Atlantic) O & G enjoying further trades beyond 29.5, ……..

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LSE:EMG MAN. Close Mid-Price: 259.6 Percentage Change: + 0.70% Day High: 264.6 Day Low: 257.2

All MAN needs are mid-price trades ABOVE 264.6 to improve acceleration to ……..

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LSE:IAG British Airways. Close Mid-Price: 135.04 Percentage Change: + 3.49% Day High: 136.9 Day Low: 133.42

Continued trades against IAG with a mid-price ABOVE 136.9 should improve ……..

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LSE:NWG Natwest. Close Mid-Price: 228.9 Percentage Change: + 0.75% Day High: 231.7 Day Low: 228.1

Further movement against Natwest ABOVE 231.7 should improve acceleration ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 935.2 Percentage Change: + 3.75% Day High: 944.8 Day Low: 897.8

Target met. All Ocado Plc needs are mid-price trades ABOVE 944.8 to impro ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 88.99 Percentage Change: + 2.39% Day High: 89.99 Day Low: 87.05

Continued trades against RR. with a mid-price ABOVE 89.99 should improve ……..

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LSE:SRP Serco. Close Mid-Price: 175.3 Percentage Change: + 0.81% Day High: 176.2 Day Low: 171.3

Target met. Further movement against Serco ABOVE 176.2 should improve acc ……..

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LSE:STAN Standard Chartered Close Mid-Price: 626.6 Percentage Change: -0.06% Day High: 634.2 Day Low: 625.2

Target met. All Standard Chartered needs are mid-price trades ABOVE 634.2 ……..

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LSE:TERN Tern Plc. Close Mid-Price: 16.75 Percentage Change: + 11.67% Day High: 17.25 Day Low: 15

Target met. Continued trades against TERN with a mid-price ABOVE 17.25 sh ……..

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LSE:TRN The Trainline. Close Mid-Price: 328.3 Percentage Change: + 2.08% Day High: 330 Day Low: 321.6

In the event of The Trainline enjoying further trades beyond 330, the sha ……..

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

#Brent #Dax As it’s Kitchen Day in the USA, there’s a fair chance European markets shall open, move around a bit, then return to where they started at the end of business. This behaviour is almost like why we refer to this holiday as Kitchen Day, rather than its real title, “Memorial Day”. After all, everyone goes into the kitchen at some point, randomly opening drawers, before conceding they’ve forgotten why they were there in the first place, returning to the lounge or wherever with a vague hope you remember what prompted the visit.

In our own home, we’ve turned this ridiculous behaviour into an art, each of us constructing flamboyant answers to the inevitable question, “What was I looking for?” I think my wife won a personal best, when in utter frustration she grabbed her spare glasses, carelessly trying to fit them over the glasses she was already wearing. Glasses which, she’d gone into the kitchen to search for…

 

Last time we covered Natwest, we moaned it was as boring as the Miami GP. This time around, Monaco managed to defy expectations and produce a race which wasn’t entirely a snooze fest. The secret, as often is the case with Formula 1, was an ingredient often missing with this spectator event. “Just Add Water” in the shape of rain made the first half of proceedings fairly interesting, until everything reverted to type as the track dried out. Ferrari, with amazing incompetence, managed to give the winning position away and thus, became the first team since 2008 to fail to win despite qualifying first and second. The team in 2008 who pulled off this trick was, Ferrari… Hopefully Natwest share price doesn’t attempt to “do a Ferrari” as things are looking quite hopeful currently.

The key issue, as mentioned three weeks ago, is 227p. On Friday, the share closed the session at 227.2p, thus finding itself in pole position for some acceleration. Next above 230p should produce an attempt at 248p next with secondary, if exceeded, an amazing 270p. The reason we’re some impressed at the potential of 270p is simple. Such a movement risks becoming game changing for the retail banks long term potentials. We’ve shown them on the chart but shall refrain from saying them aloud, lest we jinx the process!

 

For things to go horribly wrong, the share price needs break below Blue, the long term downtrend, last stabbed by the Russia drop which looks capable of becoming a distant memory. Below 195p currently threatens reversal to 155p with secondary, if broken, an eventual bottom at 126p.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
3:14:49PM	BRENT	115.66	113.4	112.705	111.59	114.9	116.05	117.26	118.56	115	‘cess
3:50:08PM	GOLD	1854									‘cess
4:04:58PM	FTSE	7597									‘cess
2:18:37PM	FRANCE	6529									Success
2:31:09PM	GERMANY	14534	14227	14178	14059	14300	14535	14651	14790	14400	Success
2:58:54PM	US500	4158									Success
3:06:36PM	DOW	33204									‘cess
3:24:13PM	NASDAQ	12679									Success
3:29:56PM	JAPAN	27145									Success

 

27/05/2022 FTSE Closed at 7585 points. Change of 0.28%. Total value traded through LSE was: £ 5,290,006,868 a change of -11.27%

26/05/2022 FTSE Closed at 7564 points. Change of 0.56%. Total value traded through LSE was: £ 5,961,976,188 a change of -3.28%

25/05/2022 FTSE Closed at 7522 points. Change of 0.51%. Total value traded through LSE was: £ 6,164,105,326 a change of -26.57%

24/05/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 8,394,166,006 a change of 28.44%

23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%

20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%

19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BARC Barclays** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:IGAS Igas Energy** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TERN Tern Plc** **LSE:TRN The Trainline** **

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Updated charts published on : Barclays, MAN, Firstgroup, Igas Energy, Ocado Plc, Oxford Instruments, Serco, Standard Chartered, Tern Plc, The Trainline,

LSE:BARC Barclays. Close Mid-Price: 170.38 Percentage Change: + 1.61% Day High: 171.08 Day Low: 166.46

Further movement against Barclays ABOVE 171.08 should improve acceleratio ……..

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LSE:EMG MAN. Close Mid-Price: 257.8 Percentage Change: + 0.19% Day High: 261.3 Day Low: 256

In the event of MAN enjoying further trades beyond 261.3, the share shoul ……..

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LSE:FGP Firstgroup. Close Mid-Price: 134.4 Percentage Change: + 3.54% Day High: 142.5 Day Low: 129.5

Continued trades against FGP with a mid-price ABOVE 142.5 should improve ……..

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LSE:IGAS Igas Energy Close Mid-Price: 28.7 Percentage Change: -20.28% Day High: 35.2 Day Low: 28.1

If Igas Energy experiences continued weakness below 28.1, it will invaria ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 901.4 Percentage Change: + 5.01% Day High: 902.4 Day Low: 843

In the event of Ocado Plc enjoying further trades beyond 902.4, the share ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2305 Percentage Change: + 2.67% Day High: 2365 Day Low: 2235

All Oxford Instruments needs are mid-price trades ABOVE 2365 to improve a ……..

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LSE:SRP Serco. Close Mid-Price: 173.9 Percentage Change: + 3.70% Day High: 174.9 Day Low: 167.5

Target met. Continued trades against SRP with a mid-price ABOVE 174.9 sho ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 627 Percentage Change: + 0.51% Day High: 629.2 Day Low: 620.8

Target met. In the event of Standard Chartered enjoying further trades be ……..

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LSE:TERN Tern Plc. Close Mid-Price: 15 Percentage Change: + 9.09% Day High: 15.25 Day Low: 13.75

All Tern Plc needs are mid-price trades ABOVE 15.25 to improve accelerati ……..

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LSE:TRN The Trainline Close Mid-Price: 321.6 Percentage Change: -0.77% Day High: 328.4 Day Low: 315.6

Further movement against The Trainline ABOVE 328.4 should improve acceler ……..

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

#FTSE #Gold

Thursday was a truly confused FTSE day until the USA opened for business, then everything seemed to change for the better. There are certainly a plethora of indications which hint this month may finish in quite an encouraging position, just what the nation needs as everyone comes together to congratulate the Queen next week.

Certainly, as we head into June, a surfeit of bank holidays will doubtless produce a confusing end to May. Firstly, the USA is closed on Monday to celebrate something called Memorial Day. Then, we can enjoy a couple of days of normality through Tuesday and Wednesday before the UK experiences Thursday and Friday to celebrate Her Majesty sponging off the nation for more years than most folk have been alive. To assist us all in being grateful, the palace has even released some new photographs of her realm, most of which will doubtless appear on coffee mugs within a few days. Perhaps a less than reverent approach is coming across. This is thanks to The Queen once spoiling a day of my holiday as a child. The great lady was due to turn up on a train, the police despatched to a nearby holiday park to round up children who were ordered to wave little flags. The effort to pretend a fawning crowd fell apart, when a hole was discovered in a fence and many of the children, myself included, fled and abandoned their flags. To give credit where it’s due, the small contingent of police ignored the dwindling audience numbers.

 

As mentioned, there are indications of a coming improvement for the FTSE. Near term, above just 7576 points should prove capable of triggering a surprise movement to an initial 7625 points. If exceeded, our secondary calculates at an extremely possible 7670 points. If triggered, the very tightest stop appears to be at 7512 points, the low of Thursday.

An important detail about our secondary target level comes from the proximity of the Blue downtrend. Given the markets slavish adherence to this line in recent months, there appears a firm suggestion of hesitation, should such a target level appear.  This particular trend line dates back to 2019 and we suspect the FTSE shall require close above it, just to confirm happy days are ahead.

 

Our alternate scenario, if things intend go wrong, triggers should the market wander below 7453 points.

Movement such as this looks capable of promoting reversal to an initial 7423 points with secondary, if broken, at 7380 points. Neither target is particularly dangerous looking, perhaps presenting a “safe” level where the FTSE could park while we all enjoy dancing in the streets, waving our little flags, with the National Anthem on repeat, blaring from our phones.

Our thanks to the folk who noticed adverts worthy of a click on this page. Each click keeps the coffee flowing!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:05:55PM	BRENT	114.61	111.22	109.77		112.3	115.17	115.705		113.6	Success
11:07:49PM	GOLD	1851.93	1841	1836		1854	1857	1861		1845
11:09:27PM	FTSE	7561	7502	7475		7546	7582	7600		7548	‘cess
11:11:59PM	FRANCE	6421	6399	6389		6432	6439	6469		6406	Success
11:26:19PM	GERMANY	14276	13985	13922		14056	14294	14337		14224	Success
11:28:35PM	US500	4058.22	3961	3917		4011	4077	4106		4041	‘cess
11:31:18PM	DOW	32605	32034	31951		32256	32780	32970		32556	Success
11:33:32PM	NASDAQ	12282	11844	11680		11996	12340	12389		11235
11:38:32PM	JAPAN	26941	26586	26465		26740	27013	27064		26888	‘cess

 

26/05/2022 FTSE Closed at 7564 points. Change of 0.56%. Total value traded through LSE was: £ 5,961,976,188 a change of -3.28%

25/05/2022 FTSE Closed at 7522 points. Change of 0.51%. Total value traded through LSE was: £ 6,164,105,326 a change of -26.57%

24/05/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 8,394,166,006 a change of 28.44%

23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%

20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%

19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%

18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:HL. Hargreaves Lansdown** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:RR. Rolls Royce** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Barclays, BP PLC, MAN, Firstgroup, Hargreaves Lansdown, ITM Power, Intertek, Marks and Spencer, Ocado Plc, Rolls Royce, Serco, Standard Chartered, The Trainline, Zoo Digital,

LSE:BARC Barclays. Close Mid-Price: 167.68 Percentage Change: + 2.32% Day High: 168.2 Day Low: 163.32

Above 169 still suggests ongoing travel to 172p. If exceeded, our secondar ……..

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LSE:BP. BP PLC. Close Mid-Price: 435.25 Percentage Change: + 1.73% Day High: 436.4 Day Low: 427.7

Continued trades against BP. with a mid-price ABOVE 437 should enhance the ……..

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LSE:EMG MAN. Close Mid-Price: 257.3 Percentage Change: + 3.37% Day High: 256.3 Day Low: 245.2

Target Met. This is increasingly useful as now above 258 shall be regarded ……..

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LSE:FGP Firstgroup. Close Mid-Price: 129.8 Percentage Change: + 8.71% Day High: 138 Day Low: 114

Target Met. Wow. Now above 138 could prove quite amazing, allowing a cycle ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 854.8 Percentage Change: + 3.44% Day High: 857.4 Day Low: 827.2

Continued weakness against HL. taking the price below 804.8 calculates as ……..

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LSE:ITM ITM Power. Close Mid-Price: 301.5 Percentage Change: + 4.69% Day High: 300.6 Day Low: 290

Continued weakness against ITM taking the price below 253.3 calculates as ……..

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LSE:ITRK Intertek Close Mid-Price: 4594 Percentage Change: -1.88% Day High: 4641 Day Low: 4529

Below 4529 still suggests weakness coming to an initial 4379 with secondar ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 149.6 Percentage Change: + 7.90% Day High: 153.25 Day Low: 137

Target Met. That was quick! Now above 154 suggests the potential of 162 ne ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 858.4 Percentage Change: + 11.54% Day High: 882.6 Day Low: 753.6

Target Met. That took its sweet time to trigger but now above 883 now poin ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 86.44 Percentage Change: + 3.50% Day High: 86.49 Day Low: 83.32

Target Met or near enuff. Above 87 now allows an initial 94 with secondary ……..

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LSE:SRP Serco. Close Mid-Price: 167.7 Percentage Change: + 9.75% Day High: 168.5 Day Low: 162.8

Target Met. Now above 169 should allow for further oomph to an initial 176 ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 623.8 Percentage Change: + 1.00% Day High: 626.4 Day Low: 612

Further movement against Standard Chartered ABOVE 627 should improve accel ……..

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LSE:TRN The Trainline. Close Mid-Price: 324.1 Percentage Change: + 5.92% Day High: 325.7 Day Low: 300.8

Continuing above 326 still calculates with the potential of an initial 349 ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 105 Percentage Change: -0.47% Day High: 106 Day Low: 103.5

Target Met. Now below 103 calculates with an initial 97 and hopefully a bo ……..

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

#Nasdaq #Japan

We did promise to go easy on Formula 1 coverage but, as it’s the Monaco Grand Prix this weekend, perhaps a glance at how the owners of Formula1 are doing is justified. Oddly, choosing Monaco as an excuse to delve into things is a bit of a misnomer. Of all the races, Monaco is traditionally the one most likely to send viewers to sleep. Generally, all the action happens during the preceding day with qualifying as, the “race” tends become a boring procession of cars unable to pass each other.

Some slight excitement is usually generated with the occasional mechanical failure but that’s about it. Unless the organisers adopt a cunning plan of spraying water across a few corners to spice things up, the boring stream of cars unable to pass each other, will once again dominate Sunday afternoon. The venue is certainly spectacular, the pit lane audience glamorous, but attaching the word “race” to the weekend is traditionally an exercise in futility.

Then again, the recent Spanish Grand Prix turned into a real race, a true surprise as it’s also a race which can be overlooked quite easily, an excuse for a nap between Lap 4 and Lap 60. Maybe this time Monaco shall also discover a method of producing entertainment.

 

A couple of recent share price movements for Liberty appear worthy of some consideration. At time of writing, the share is trading around 57 and just needs above 59 to hopefully trigger price movements to an initial 65 with our longer term secondary, if bettered, calculating at a confident looking $73.

But in recent weeks, the Red uptrend has suffered a couple of assaults, not least thanks to heroic levels of incompetence in management of the new US Miami GP. As the fallout has cleared, Liberty share price has once again regained the uptrend with extreme care being taken to ensure the price doesn’t close a session below Red. Hopefully this indicates an expectation of future gains.

If trouble is planned, the share price needs slump below the Miami low of 50 as this risks triggering reversal to an initial 37. Below such a level, things get silly as our secondary works out at a bottom of just $18. When the pandemic low of 2020 is taken into consideration, proposing a visit to the 18 dollar level becomes less foolish. However, our expectation is to see an eventual visit to the $73 level.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:37:42PM	BRENT	111.77									‘cess
10:39:27PM	GOLD	1853.72
10:41:16PM	FTSE	7530.32
10:48:44PM	FRANCE	6319.6									Shambles
10:51:07PM	GERMANY	14031.51
10:53:23PM	US500	3973.52									‘cess
10:55:13PM	DOW	32118.2									‘cess
10:57:32PM	NASDAQ	11885	11766	11704	11594	11891	11954	12042	12198	11881	‘cess
10:59:32PM	JAPAN	26748	26481	26437	26204	26637	26879	26979	27145	26651	Shambles

25/05/2022 FTSE Closed at 7522 points. Change of 0.51%. Total value traded through LSE was: £ 6,164,105,326 a change of -26.57%

24/05/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 8,394,166,006 a change of 28.44%

23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%

20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%

19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%

18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%

17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%

 

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:AV. Aviva** **LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:MKS Marks and Spencer** **LSE:RR. Rolls Royce** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **

********

Updated charts published on : Aston Martin, Aviva, Barclays, British Telecom, Cellular Goods, Carnival, Firstgroup, Gulf Keystone, Hikma, International Personal Finance, Intertek, Marks and Spencer, Rolls Royce, Speedyhire, Standard Chartered, The Trainline,

LSE:AML Aston Martin Close Mid-Price: 614 Percentage Change: -2.04% Day High: 634.8 Day Low: 591.6

If Aston Martin experiences continued weakness below 590, it will invariab ……..

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LSE:AV. Aviva. Close Mid-Price: 434.8 Percentage Change: + 1.42% Day High: 439.8 Day Low: 428.5

Target Met. In the event of Aviva enjoying further trades beyond 441, the ……..

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LSE:BARC Barclays. Close Mid-Price: 163.88 Percentage Change: + 0.68% Day High: 164.78 Day Low: 162.06

Target Met or near enough for another update! Finally something positive ……..

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LSE:BP. BP PLC. Close Mid-Price: 427.85 Percentage Change: + 1.00% Day High: 431.1 Day Low: 424.2

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LSE:BT.A British Telecom Close Mid-Price: 189.9 Percentage Change: -0.34% Day High: 193.2 Day Low: 187.7

All British Telecom needs are mid-price trades ABOVE 194 to improve accele ……..

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LSE:CBX Cellular Goods. Close Mid-Price: 1.8 Percentage Change: + 2.86% Day High: 1.88 Day Low: 1.75

This is making early signs of bouncing as above 1.88 now suggests recovery ……..

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LSE:CCL Carnival. Close Mid-Price: 884.4 Percentage Change: + 1.42% Day High: 900.4 Day Low: 846.4

Weakness on Carnival below 846 will invariably lead to 827 with secondary ……..

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LSE:FGP Firstgroup. Close Mid-Price: 119.4 Percentage Change: + 3.20% Day High: 119.4 Day Low: 114.2

All Firstgroup needs are mid-price trades ABOVE 120 to improve acceleratio ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 284 Percentage Change: + 5.19% Day High: 297 Day Low: 278

Target Met. Now above 297 suggests ongoing traffic to an initial 305p. If ……..

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LSE:HIK Hikma Close Mid-Price: 1676.5 Percentage Change: -0.80% Day High: 1702 Day Low: 1631.5

Now below 1631 suggests 1571 next with secondary, if broken, at 1504 and h ……..

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LSE:IPF International Personal Finance Close Mid-Price: 83.6 Percentage Change: -7.42% Day High: 92.3 Day Low: 81

Target Met. Weakness on International Personal Finance below 81 will invar ……..

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LSE:ITRK Intertek. Close Mid-Price: 4682 Percentage Change: + 1.52% Day High: 4671 Day Low: 4587

This is not happy as below 4587 now suggests weakness coming to an initial ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 138.65 Percentage Change: + 4.84% Day High: 138.15 Day Low: 127.35

Target Met or near enough for a bounce, hopefully. Now above 139 should br ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 83.52 Percentage Change: + 4.30% Day High: 83.26 Day Low: 80.18

This is maybe shuffling into position, needing above 85 to trigger a usele ……..

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LSE:SDY Speedyhire. Close Mid-Price: 44.95 Percentage Change: + 0.33% Day High: 45.2 Day Low: 44.05

Weakness on Speedyhire below 44 will invariably lead to 43 with secondary ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 617.6 Percentage Change: + 0.32% Day High: 622.2 Day Low: 609.4

Further movement against Standard Chartered ABOVE 623 should improve accel ……..

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LSE:TRN The Trainline. Close Mid-Price: 306 Percentage Change: + 3.59% Day High: 310.1 Day Low: 297.2

This is still interesting as above 311 calculates with the potential of an ……..

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

#FTSE #CAC40

Our weekly trawl through Europe, searching for shares with potential, stumbled upon this airline. To risk a word frowned upon in flying circles, it appears Air France KLM share price is ‘crashing’ just a little bit. Visually, we can even blame a GaGa event, the notorious Gap Up, Gap Down scenario which also tends foreshadow severe share price reversals.

Thankfully, the Air France price crash of over 20% was produced by the time honoured tradition of stuffing existing investors. The company, obviously keen to repay French state aid, opted to raise money by issuing shares, thus effectively diluting their share value with a rights issue. Their previous attempt, just over a year ago, presided over a share value decline from 5.33€ down to the 4€ level. This attempt appears destined to make Air France shares worth just 3€ each anytime soon. It’s certainly the case where near term weakness below 3.34€ looks almost certain to make a visit to the 3 euro mark, a point at which we’ve a couple of questions.

As the chart displays, the previous dilution to 4€ did very little to produce any form of coherent bounce, quite the opposite. The Rights Issue of 2021, held against a pandemic backdrop and in an industry which has suffered quite severely, was an initial nod in the direction of repaying the French government and holding a second Rights Issue was never a secret. Perhaps this accounts for the lack of bounce at 4€?

While a visit to the 3 euro level presents a level where a rebound makes some sense, our concern is pretty blunt. It’s unusual for the stock markets to gift wrap a movement such as this and we shall not be aghast if folk wonder whether further pain shall be in store for the carrier?

Our final concern on the matter comes from the circled ‘GaGa’ movement. Over the years, we’ve collated several examples of what to anticipate, when we notice such a market song and dance. The share price was literally gapped UP above the ruling downtrend last Wednesday, then gapped DOWN below the trend today (Tuesday) in a classic “gotcha suckers” movement. Anyone who mistakenly assumed the upward movement was a signal for happy flights ahead will now be walking funny, feeling like they just sat through the latest terrible Sandra Bullock/Brad Pitt/ that Harry Potter bloke movie, The Lost City. Hint; Do not sit still, waiting for the good bit. Despite the cast, there a good bit! At least the film version of “Cats” was so bad, all hope vanished within minutes and you could leave, knowing you’d dodged an atrocity.

 

Thanks to the GaGa movement, we tend not expect the 3 euro level to provide succour, instead suspecting this level shall break with a descent down to 2.37€ feeling distinctly possible. Less likely, should such a level break, is our secondary calculation down at 1.65€

 

Of course, the markets occasionally indulge themselves with a good sense of humour. In the case of Air France, above 4.44€ is needed to give the first suggestion a climb back to historic altitudes may be pending. This apparently should trigger an initial 4.83 with secondary, if bettered, at 5.08€. We have our doubts, suspecting 2.37 shall prove worth watching for.

Once again, thanks to the kind folk who discovered a fascinating advert to visit on this page on Tuesday. It was a two latte day!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:03:35PM	BRENT	111.42
10:05:08PM	GOLD	1866.85
10:13:43PM	FTSE	7530.17	7472	7453	7425	7523	7539	7563	7676	7471
10:15:41PM	FRANCE	6289.9	6237	6206	6153	6292	6320	6345	6380	6262
10:20:11PM	GERMANY	14035									‘cess
10:23:32PM	US500	3953.67									Success
10:25:32PM	DOW	31981
10:28:07PM	NASDAQ	11812									Success
10:30:17PM	JAPAN	26678									Success

 

24/05/2022 FTSE Closed at 7484 points. Change of -0.39%. Total value traded through LSE was: £ 8,394,166,006 a change of 28.44%

23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%

20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%

19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%

18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%

17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%

16/05/2022 FTSE Closed at 7464 points. Change of 0.62%. Total value traded through LSE was: £ 6,081,329,244 a change of -11.87%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:EMG MAN** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Aston Martin, Astrazeneca, Barclays, British Telecom, Carnival, MAN, Fresnillo, Glencore Xstra, Speedyhire, Standard Chartered, Zoo Digital,

LSE:AML Aston Martin Close Mid-Price: 626.8 Percentage Change: -6.84% Day High: 665.8 Day Low: 623.8

Target met. If Aston Martin experiences continued weakness below 623.8, i ……..

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LSE:AZN Astrazeneca Close Mid-Price: 10598 Percentage Change: -0.02% Day High: 10666 Day Low: 10470

In the event of Astrazeneca enjoying further trades beyond 10666, the sha ……..

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LSE:BARC Barclays. Close Mid-Price: 162.78 Percentage Change: + 3.20% Day High: 164 Day Low: 157.34

Continued trades against BARC with a mid-price ABOVE 164 should improve t ……..

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LSE:BT.A British Telecom. Close Mid-Price: 190.55 Percentage Change: + 1.60% Day High: 191.15 Day Low: 185.95

All British Telecom needs are mid-price trades ABOVE 191.15 to improve ac ……..

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LSE:CCL Carnival Close Mid-Price: 872 Percentage Change: -8.48% Day High: 954.2 Day Low: 868.8

Target met. Weakness on Carnival below 868.8 will invariably lead to 827 ……..

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LSE:EMG MAN Close Mid-Price: 243 Percentage Change: -2.13% Day High: 249.6 Day Low: 240.6

Further movement against MAN ABOVE 249.6 should improve acceleration towa ……..

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LSE:FRES Fresnillo. Close Mid-Price: 818.8 Percentage Change: + 2.30% Day High: 824 Day Low: 794

In the event of Fresnillo enjoying further trades beyond 824, the share s ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 519.4 Percentage Change: + 1.25% Day High: 540 Day Low: 502.9

All Glencore Xstra needs are mid-price trades ABOVE 540 to improve accele ……..

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LSE:SDY Speedyhire Close Mid-Price: 44.8 Percentage Change: -3.66% Day High: 45.85 Day Low: 44.7

Target met. Weakness on Speedyhire below 44.7 will invariably lead to 43 ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 615.6 Percentage Change: + 2.26% Day High: 621.2 Day Low: 592.6

Target met. Further movement against Standard Chartered ABOVE 621.2 shoul ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 105.5 Percentage Change: + 0.96% Day High: 106.5 Day Low: 105.5

Weakness on Zoo Digital below 105.5 will invariably lead to 103 with seco ……..

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

#Gold #SP500

It was a bit of a surprise to discover M&G Plc are now starting to look interesting. A few weeks ago, we covered Prudential Plc, completely unrelated to Prudential Assurance of which M&G are the direct parent company. Perhaps there’s something about the word “Prudential” which the markets currently like, especially as M&G Plc currently look capable of enjoying some share price growth.

However, we can’t continue without first pausing to highlight some exquisite groupthink gibberish on their corporate website; “Following the launch of PruFund Planet, the UK’s first smoothed UK savings proposition that offers positive societal and environmental outcomes, we continue to expand our range of thematic and sustainable propositions.”

Why, oh why, couldn’t they have just said, “we’re in business to make money through investment!”

 

Their company share price appears on the crux of becoming interesting, the only meaningful movement this year being due to the Russian drop in March. Now above just 222p looks mildly useful, apparently capable of triggering recovery to a near term 229p. Above this level and the price risks becoming more exciting, our calculations producing a secondary target at 252p and almost certain hesitation, thanks to this coinciding with previous highs back in 2020 and 2021.

One feature about such hesitation is it’s easy to assume it shall be inspired by the Babe brigade, those folk who bought at previous highs and opting to ‘bail at break even’. Generally, when such selling pressure appears, it’s effects tend diminish with time and as this shall be the share price’s potential 3rd attempt at this level, we’re not entirely nervous by suggesting above 252p should fuel longer term price growth to 280p and beyond, new all time high levels.

 

If everything intends go horribly wrong, the share price currently needs slump below 178p. Weakness such as this risks provoking a downward spiral to an initial 142 with secondary, if broken, at 120p and hopefully a trampoline bottom.

Massive thanks to the kind folk who discovered a fascinating advert to visit on this page on Monday. The clicks paid for the increase in Taylors coffee bean prices (not kidding!)

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:56:55PM	BRENT	111.33									‘cess
10:58:37PM	GOLD	1853.84	1846	1838	1829	1858	1865	1873	1886	1851	‘cess
11:01:40PM	FTSE	7476.33									‘cess
11:03:37PM	FRANCE	6346									Success
11:05:39PM	GERMANY	14055.9									‘cess
11:08:02PM	US500	3938	3914	3906	3880	3951	3984	4011	4078	3945	‘cess
11:10:10PM	DOW	31748									Success
11:14:03PM	NASDAQ	11837									‘cess
11:15:59PM	JAPAN	26921									Success

23/05/2022 FTSE Closed at 7513 points. Change of 1.68%. Total value traded through LSE was: £ 6,535,271,427 a change of -11.05%

20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%

19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%

18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%

17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%

16/05/2022 FTSE Closed at 7464 points. Change of 0.62%. Total value traded through LSE was: £ 6,081,329,244 a change of -11.87%

13/05/2022 FTSE Closed at 7418 points. Change of 2.56%. Total value traded through LSE was: £ 6,900,608,037 a change of -14.47%

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:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:CCL Carnival** **LSE:EMG MAN** **LSE:GLEN Glencore Xstra** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:SNN Sanne Plc** **LSE:STAN Standard Chartered** **LSE:ZOO Zoo Digital** **

********

Updated charts published on : Aviva, Astrazeneca, Carnival, MAN, Glencore Xstra, IQE, Intertek, Sanne Plc, Standard Chartered, Zoo Digital,

LSE:AV. Aviva. Close Mid-Price: 429.2 Percentage Change: + 4.15% Day High: 431.3 Day Low: 407.1

In the event of Aviva enjoying further trades beyond 431.3, the share sho ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 10600 Percentage Change: + 1.01% Day High: 10634 Day Low: 10454

Continued trades against AZN with a mid-price ABOVE 10634 should improve ……..

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LSE:CCL Carnival Close Mid-Price: 952.8 Percentage Change: -2.40% Day High: 995.8 Day Low: 923

If Carnival experiences continued weakness below 923, it will invariably ……..

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LSE:EMG MAN. Close Mid-Price: 248.3 Percentage Change: + 5.17% Day High: 246.7 Day Low: 237.9

Continued trades against EMG with a mid-price ABOVE 246.7 should improve ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 513 Percentage Change: + 3.15% Day High: 516.7 Day Low: 497.45

Glencore appear worthy of attention as above 517 now looks capable of move ……..

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LSE:IQE IQE. Close Mid-Price: 29.25 Percentage Change: + 2.45% Day High: 29.3 Day Low: 27.8

Weakness on IQE below 27.8 will invariably lead to 27p with secondary (if ……..

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LSE:ITRK Intertek Close Mid-Price: 4706 Percentage Change: -3.94% Day High: 4880 Day Low: 4640

Target met. If Intertek experiences continued weakness below 4640, it wil ……..

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LSE:SNN Sanne Plc. Close Mid-Price: 902 Percentage Change: + 1.01% Day High: 904 Day Low: 883

If Sanne Plc experiences continued weakness below 883, it will invariably ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 602 Percentage Change: + 2.63% Day High: 602 Day Low: 588.6

Continued trades against STAN with a mid-price ABOVE 602 should improve t ……..

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LSE:ZOO Zoo Digital Close Mid-Price: 104.5 Percentage Change: -7.11% Day High: 112.5 Day Low: 106.5

If Zoo Digital experiences continued weakness below 106.5, it will invari ……..

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

#Brent #Dax

I’ve mentioned a chum several times over the years, his business being a pretty good barometer of how trade activity is in the UK. If his pre-demolition survey business is doing well, it’s generally a pretty good indication we should anticipate the markets being buoyant and conversely, if he’s quiet, to anticipate trouble. He’s now taking on more staff for the first time in 10 years, when the penny dropped he risked losing contracts due to needing to start a booking schedule for 2023.

Our thinking is fairly simple. If he’s busy, the construction industry intends to be busy, material demand will be high, pay rates will be high, and all the grotty burger vans which litter roadsides will be busy. Everyone benefits, just ‘cos my chum is wandering around taking photo’s, extracting material samples and scrawling copious notes in shopping centres, factory units, tower blocks, schools, and rather a lot of hospitality business’ too. We’d a long natter this weekend, thanks to him agonising what to quote for a seriously big project which involves no less than 5 ‘Listed’ building exteriors. In conclusion, he decided to quite literally double his usual price, thanks to prices everywhere going up along with the inevitable reputational nightmare, should anything go wrong at any stage of “the big job”.

 

So, with all this frothy and optimistic discussion for the future, why the heck is the UK’s retail banking sector managing to remain in the pits?

 

Prices everywhere are going up, unless, of course, they are share prices. And Lloyds remain at the forefront, managing to do very little against a backdrop of hope for the future. Perhaps some slight hope may be taken from our analysis three weeks ago, the one where we speculated on potential reversal from 45.25 to 43p (which happened) with a secondary target, should 43p break, down at 40.6p and hopefully a bounce. The share did indeed break below our 43p, even managing to close below this initial target but a visit to 40.6p has been noticeably absent. Perhaps this is an implication of some hidden strength, perhaps it’s a timing issue. We’re inclined to suspect the “hidden strength” theory.

 

Currently trading around 43.6p, Lloyds Bank needs trade above 46.4p to give the first indication of a trigger for happier times ahead.

Above 46.4p risks triggering share price recovery toward an initial 50.3p with secondary, if exceeded, a slightly more useful 52.5p. The secondary represents what we suspect shall prove a key point in Lloyds future history as closure above this level should prove a really big deal, making it possible to speculate on a longer term 77p without attempting to conceal a hysterical giggle.

Perhaps all this optimism is quite a heavy weight to dump on the shoulders of our chum with his clipboard and camera but over the years, we’ve noticed a distinct (and safe) pattern, when he gets busy, the stock market starts to do well in the months following.

Massive thanks to the kind folk who discovered a fascinating advert to visit on this page on Thursday. The clicks paid for the increase in Taylors coffee bean prices (not kidding!)

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
3:41:53PM	BRENT	110.92	108.98	108	106.84	110.6	111.43	112.05	114.59	109.1
3:47:30PM	GOLD	1847.08
3:49:34PM	FTSE	7400.39
3:51:59PM	FRANCE	6300.7									Shambles
3:55:02PM	GERMANY	14055	13850	13809	13746	13945	14160	14176	14342	14084
3:58:07PM	US500	3901
4:05:16PM	DOW	31253									Shambles
4:08:09PM	NASDAQ	11833									Success
4:10:29PM	JAPAN	26738

20/05/2022 FTSE Closed at 7389 points. Change of 1.19%. Total value traded through LSE was: £ 7,347,493,432 a change of 4.36%

19/05/2022 FTSE Closed at 7302 points. Change of -1.83%. Total value traded through LSE was: £ 7,040,483,001 a change of 0.49%

18/05/2022 FTSE Closed at 7438 points. Change of -1.06%. Total value traded through LSE was: £ 7,006,146,182 a change of 17.44%

17/05/2022 FTSE Closed at 7518 points. Change of 0.72%. Total value traded through LSE was: £ 5,965,741,785 a change of -1.9%

16/05/2022 FTSE Closed at 7464 points. Change of 0.62%. Total value traded through LSE was: £ 6,081,329,244 a change of -11.87%

13/05/2022 FTSE Closed at 7418 points. Change of 2.56%. Total value traded through LSE was: £ 6,900,608,037 a change of -14.47%

12/05/2022 FTSE Closed at 7233 points. Change of -1.55%. Total value traded through LSE was: £ 8,068,175,968 a change of -13.29%

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:AV. Aviva** **LSE:AZN Astrazeneca** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:DGE Diageo** **LSE:SNN Sanne Plc** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Aviva, Astrazeneca, Cellular Goods, Centrica, Diageo, Sanne Plc, Zoo Digital,

LSE:AV. Aviva. Close Mid-Price: 412.1 Percentage Change: + 0.78% Day High: 422.8 Day Low: 410

All Aviva needs are mid-price trades ABOVE 422.8 to improve acceleration ……..

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LSE:AZN Astrazeneca. Close Mid-Price: 10494 Percentage Change: + 2.38% Day High: 10578 Day Low: 10308

By the smallest of movements, this has now become interesting as above 105 ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.52 Percentage Change: -2.24% Day High: 1.62 Day Low: 1.52

Weakness on Cellular Goods below 1.52 will invariably lead to 0.82 with ……..

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LSE:CNA Centrica. Close Mid-Price: 88.18 Percentage Change: + 1.78% Day High: 89.2 Day Low: 86.96

All Centrica needs are mid-price trades ABOVE 89.2 to improve acceleratio ……..

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LSE:DGE Diageo. Close Mid-Price: 3598 Percentage Change: + 0.78% Day High: 3648 Day Low: 3578.5

This isn’t looking entirely hopeful as below 3530 now suggests weakness to ……..

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LSE:SNN Sanne Plc. Close Mid-Price: 893 Percentage Change: + 0.00% Day High: 896 Day Low: 887

In the event Sanne Plc experiences weakness below 887 it calculates with ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 112.5 Percentage Change: + 0.90% Day High: 112.5 Day Low: 111.5

Below 108 is looking slightly dodgy, allowing weakness to an initial 105 w ……..

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