Trends And Targets

#FTSE #WallSt

After Brexit, there were plenty of horror stories about how London would be devastated at the loss of banking jobs to Europe. Unsurprisingly, this has turned out not to be the case, the European Central Bank currently attempting to order UK banks to fill their pretend operations in Europe. Equally, the volume of derivatives traded in London was supposed to collapse and yet again, financial volumes remain pretty respectable.

A quick calculation reveals a steady climb in values traded through the stock market, up roughly 40% in the years since 2016. It certainly appears rumours of the death of London are turning out to lack substance.

However, despite the hysterical headlines as shown below, the reality for the FTSE is currently less dramatic. None of the writers appear capable of paying attention to the fact the FTSE isn’t even as low as it was just 7 sessions ago. Nor has the market broken through the uptrend since the pandemic low of March 2020. With the FTSE closing Thursday at 7,302 points, the UK market remains comfortably above the Russia inspired low in March, where the market reversed to 6,787 points. We prefer to think of the financial media as being (mostly) respectable but when headline writers appear to form a rabid pack, determined to give the impression of a disaster, it’s difficult to have any sympathy for their collectively failing circulation figures.

The funny thing, those folk who remember the dreadful days of 2008 and early 2009, when reversals felt remorseless and -2% days on the FTSE proved far from unusual, the headlines above fail to make any sense when appreciating this week has witnessed two up days, then two down days for the FTSE. At time of writing, it feels like Friday is scheduled to be a day of some gains, at least in the near term.

Above 7305 points calculates with the potential of movement to an initial 7353 points. If exceeded, our secondary works out at an even more respectable 7438 points. Allegedly, the tightest stop if this movement triggers works out at 7264 points and, to be honest, we’re a little fragile regarding the secondary target. It appears to be almost a free gift, something the FTSE tends be quite parsimonious about bestowing. Unfortunately, such a secondary target makes rather a lot of visual sense.

 

Our alternate scenario kicks in, should the market discover an excuse to slip below Thursdays low of 7228 points. Initially, we can argue for reversal toward 7180 points where we’d anticipate a short lived bounce. But should 7180 break, our secondary calculates at 7090, a level at which we’d hope for a real rebound.

The market needs break below 7090 points before we shall concede the scary headline writers maybe have a very real and very dangerous point. But at present, we suspect they’re simply trying to sell newspapers.

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
9:52:16PM	BRENT	109.96	104.4	103.34		107.7	110.79	112.2		108.55	‘cess
9:54:23PM	GOLD	1841.97	1806	1791		1826	1849	1863		1826	Success
9:57:22PM	FTSE	7328.46	7224	7184		7289	7393	7413		7303	‘cess
9:59:12PM	FRANCE	6279.4	6236	6214		6262	6316	6345		6270	Success
10:02:29PM	GERMANY	13921	13677	13650		13777	13985	14053		13873
10:05:06PM	US500	3901.94	3856	3833		3923	3947	3976		3897	Success
10:07:04PM	DOW	31251	30984	30812		31282	31573	31824		31300	Success
10:09:31PM	NASDAQ	11899	11700	11622		11992	12081	12096		11882	‘cess
10:11:54PM	JAPAN	26373	26065	25975		26506	26556	26639		26347	‘cess

 

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%

11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%

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:AVCT Avacta** **LSE:CBX Cellular Goods** **LSE:CEY Centamin** **LSE:DARK Darktrace Plc** **LSE:EXPN Experian** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:RMG Royal Mail** **LSE:SDY Speedyhire** **LSE:SNN Sanne Plc** **LSE:SPX Spirax** **LSE:TSCO Tesco** **

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Updated charts published on : AFC Energy, Aston Martin, Avacta, Cellular Goods, Centamin, Darktrace Plc, Experian, IG Group, Intertek, Just Eat, Royal Mail, Speedyhire, Sanne Plc, Spirax, Tesco,

LSE:AFC AFC Energy. Close Mid-Price: 25.34 Percentage Change: + 2.59% Day High: 25.5 Day Low: 23.22

Weakness on AFC Energy below 23.22 will invariably lead to 22 with second ……..

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LSE:AML Aston Martin Close Mid-Price: 678 Percentage Change: -1.97% Day High: 687.4 Day Low: 643.6

In the event Aston Martin experiences weakness below 643.6 it calculates ……..

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LSE:AVCT Avacta Close Mid-Price: 103 Percentage Change: -5.50% Day High: 109 Day Low: 102

Weakness on Avacta below 102 will invariably lead to 99 with secondary, i ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.56 Percentage Change: -10.86% Day High: 1.75 Day Low: 1.62

Target met. In the event Cellular Goods experiences weakness below 1.62 i ……..

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LSE:CEY Centamin. Close Mid-Price: 83.06 Percentage Change: + 0.41% Day High: 82.84 Day Low: 78.78

If Centamin experiences continued weakness below 78.78, it will invariabl ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 340 Percentage Change: + 5.20% Day High: 342.5 Day Low: 312.6

Target met. In the event Darktrace Plc experiences weakness below 312.6 i ……..

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LSE:EXPN Experian Close Mid-Price: 2506 Percentage Change: -0.52% Day High: 2516 Day Low: 2436

In the event Experian experiences weakness below 2436 it calculates with ……..

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LSE:IGG IG Group Close Mid-Price: 702 Percentage Change: -0.85% Day High: 709 Day Low: 689.5

Target met. Continued weakness against IGG taking the price below 689.5 c ……..

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LSE:ITRK Intertek Close Mid-Price: 4867 Percentage Change: -0.21% Day High: 4857 Day Low: 4748

Weakness on Intertek below 4748 will invariably lead to 4696 with seconda ……..

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LSE:JET Just Eat. Close Mid-Price: 1666.4 Percentage Change: + 4.59% Day High: 1668.4 Day Low: 1560.6

In the event Just Eat experiences weakness below 1415.8 it calculates wit ……..

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LSE:RMG Royal Mail Close Mid-Price: 300 Percentage Change: -12.38% Day High: 332.1 Day Low: 290.2

Target met. Continued weakness against RMG taking the price below 290.2 c ……..

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LSE:SDY Speedyhire Close Mid-Price: 45.1 Percentage Change: -4.04% Day High: 46.75 Day Low: 45.15

If Speedyhire experiences continued weakness below 45.15, it will invaria ……..

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LSE:SNN Sanne Plc Close Mid-Price: 893 Percentage Change: -0.33% Day High: 897 Day Low: 888

Weakness on Sanne Plc below 888 will invariably lead to 848 with secondar ……..

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LSE:SPX Spirax Close Mid-Price: 10230 Percentage Change: -2.29% Day High: 10395 Day Low: 10045

In the event Spirax experiences weakness below 10045 it calculates with a ……..

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LSE:TSCO Tesco Close Mid-Price: 255.1 Percentage Change: -4.13% Day High: 257.2 Day Low: 251.5

If Tesco experiences continued weakness below 251.5, it will invariably l ……..

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

#Gold #SP500

When a share or commodity appears to get out of control, it’s usually worth taking several steps back and reviewing the Big Picture. Often, it can be stunning how quickly “confused” becomes “understood”. For #Brent, we’ve presented a 15 year chart below and, as can be immediately seen, the visual results are utterly useless!

About the only sane result comes from the fact the recent high in the 130’s rather neatly matched the plateau from 2009 through to 2013, suggesting some sort of glass ceiling exists, a natural high the commodity is experiencing difficulty exceeding. The situation currently is pretty straightforward. Our calculations suggest above $130 should make an attempt at $152 next. If triggered, apparently such a movement shouldn’t even need a clever stop loss as the chart to this hypothetical 152 should prove relentless.

However, the Big Picture is utterly failing in its duty to provide an overall clue as to direction. Unfortunately, about the only path to sanity comes from the inset on the chart, Brent movements during the last three months.

 

If we take a deep breath and choose to break down what’s been happening;

1. Brent peaked in early March, almost reaching $140 (briefly) but failed to close the session above $128.
2. Subsequent rises have failed to trouble this initial high, instead describing a pattern of “lower highs” until this weeks surprise visit to $115.
3. Equally, when we review the pattern of ‘lows’, instead of constant ‘lower lows’, we see the lows getting very slightly higher. This behaviour goes against conventional wisdom as where we’d expect to see confidence weakening, instead there’s an insidious suggestion of strength building.
4. Finding ourselves in a situation where the Highs are not getting Higher and the Lows are not getting Lower, about the only safe conclusion we can draw is one, where it appears the market itself doesn’t have a clue what to do, instead choosing to maintain Brent Crude in some sort of holding pattern.

 

Quite absurdly, we’re supposed to believe this is all the fault of Russia/Ukraine while ignoring  the reality of Brent moving from the $20 level to $98 before the war started. It was ‘simply’ the case of demand growing for oil, due to the pandemic easing, and the critical balance between supply, storage, and demand getting out of kilter for a while. As a result, it appears any perceived resolution of the Ukraine conflict can be expected to provoke some sharp reversals in the price of crude.

For Brent, we’re inclined to regard $101 as a trigger level as movement currently below such a level should prove capable of sharp reversal to an initial $82. Should such a level break, our secondary works out at $65 and a very possible bounce level, when the product matches its pre-pandemic price.

For now, like the wider market, we’re not seeing any comfortable clues as to direction but, if we take an “if it were a share” stance, we’d tend anticipate $82 making a surprise appearance sometime soon.

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:57:47PM	BRENT	107.9									Success
9:59:23PM	GOLD	1816.86	1807	1800	1788	1817	1826	1828	1835	1815
10:01:31PM	FTSE	7388.5									Success
10:03:48PM	FRANCE	6294.4									Success
10:06:11PM	GERMANY	13858									Success
10:08:31PM	US500	3917.62	3905	3888	3868	3932	3958	3978	4002	3920	Success
10:12:20PM	DOW	31433									Success
10:15:11PM	NASDAQ	11894									Success
10:18:33PM	JAPAN	26268									Success

 

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%

11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%

10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%

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:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:DARK Darktrace Plc** **LSE:EXPN Experian** **LSE:NG. National Glib** **LSE:SPX Spirax** **LSE:TERN Tern Plc** **

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Updated charts published on : Aviva, Cellular Goods, Centrica, Darktrace Plc, Experian, National Glib, Spirax, Tern Plc,

LSE:AV. Aviva. Close Mid-Price: 414 Percentage Change: + 2.06% Day High: 420.25 Day Low: 407.5

Further movement against Aviva ABOVE 420.25 should improve acceleration t ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.75 Percentage Change: -5.41% Day High: 1.85 Day Low: 1.75

Target met. Continued weakness against CBX taking the price below 1.75 ca ……..

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LSE:CNA Centrica. Close Mid-Price: 87.86 Percentage Change: + 3.93% Day High: 88.02 Day Low: 84.74

Target met. Continued trades against CNA with a mid-price ABOVE 88.02 sho ……..

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LSE:DARK Darktrace Plc Close Mid-Price: 323.2 Percentage Change: -15.17% Day High: 379.9 Day Low: 319.8

Target met. Continued weakness against DARK taking the price below 319.8 ……..

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LSE:EXPN Experian Close Mid-Price: 2519 Percentage Change: -5.62% Day High: 2613 Day Low: 2468

Target met. Continued weakness against EXPN taking the price below 2468 c ……..

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LSE:NG. National Glib. Close Mid-Price: 1245.5 Percentage Change: + 0.69% Day High: 1266 Day Low: 1231

Target met. Further movement against National Glib ABOVE 1266 should impr ……..

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LSE:SPX Spirax Close Mid-Price: 10470 Percentage Change: -4.43% Day High: 11030 Day Low: 10495

Target met. Continued weakness against SPX taking the price below 10495 c ……..

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LSE:TERN Tern Plc. Close Mid-Price: 13 Percentage Change: + 0.00% Day High: 13 Day Low: 12.75

Tern continues to fail to have a good time but now above 15p should bring ……..

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

#FTSE #NK225

Our weekly delve into Europe to search for shares becoming interesting revealed yet another automotive related organisation, ALD [EU:ALD]. Perhaps the threat of Europe mobilising s throwing extra energy toward the leasing markets.  In fairness, ALD claim to be active in 43 countries worldwide and while their name may not be familiar, the fact they are the vehicle leasing arm of finance giant, Societe Generale, inspires more than a touch of confidence.

 

Our fascination with ALD comes from both a Big Picture perspective and also, from the near term. At time of writing, trading around 13.76€, visually, there’s quite a strong suggestion movement exceeding just 14.1 should promote some growth to an initial 14.9€.

By many standards, such a target ambition is liable to become quite a big deal.

Achieving our 14.9 target accomplishes a series of little victories. Firstly, it takes the price above the downtrend since 2018. Secondly, if betters the pre-pandemic high around 14€. And third, is describes a higher high, quite literally the best price achieved since 2018. And forth, it also gives a conclusive chance for the share price to close above the visual ‘Glass Ceiling’ which loiters at the 14€ level. As a result, we harbour considerable hope movement such as this shall fuel a long term success, if only due to the plethora of boxes being ticked.

In the event the share price manages to close above the 14.9 Euro level, we suspect a future movement capable of challenging its previous all time highs with a target level at 16€. If bettered, brand new heights become possible with a third target level at 19.3€.

By every conventional standard, ALD appear worth keeping an eye on.

For trouble to rear its head (such as announcing they intend supporting the resurrection of British marques such as Rover, Morris, or Hillman…) the price needs slump below 11 as this calculates with a reversal potential to an initial 9.4 with secondary, if broken, at a probable bottom of 8€. As can be assumed, nothing currently threatens such a calamity.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:56:11PM	BRENT	111.75									‘cess
9:57:51PM	GOLD	1815									‘cess
10:05:15PM	FTSE	7536	7452	7433	7397	7495	7543	7577	7619	7488	‘cess
10:08:57PM	FRANCE	6446									Success
10:11:41PM	GERMANY	14262
10:21:11PM	US500	4093.8									‘cess
10:26:00PM	DOW	32678									‘cess
10:27:54PM	NASDAQ	12572									Success
10:29:51PM	JAPAN	26830	26594	26504	26380	26718	26871	27031	27233	26723

 

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%

11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%

10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%

9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%

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:CBX Cellular Goods** **LSE:ECO ECO (Atlantic) O & G** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:RKH Rockhopper** **LSE:STAN Standard Chartered** **LSE:VOD Vodafone** **

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Updated charts published on : Barclays, Cellular Goods, ECO (Atlantic) O & G, International Personal Finance, National Glib, Rockhopper, Standard Chartered, Vodafone,

LSE:BARC Barclays. Close Mid-Price: 155.86 Percentage Change: + 2.74% Day High: 157.08 Day Low: 152.18

All Barclays needs are mid-price trades ABOVE 157.08 to improve accelerat ……..

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LSE:CBX Cellular Goods Close Mid-Price: 1.85 Percentage Change: -2.63% Day High: 1.95 Day Low: 1.85

If Cellular Goods experiences continued weakness below 1.85, it will inva ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 28.4 Percentage Change: + 6.17% Day High: 28.5 Day Low: 26.75

Continued trades against ECO with a mid-price ABOVE 28.5 should improve t ……..

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LSE:IPF International Personal Finance Close Mid-Price: 86.2 Percentage Change: -3.79% Day High: 91 Day Low: 84.5

Weakness on International Personal Finance below 84.5 will invariably lea ……..

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LSE:NG. National Glib. Close Mid-Price: 1237 Percentage Change: + 0.69% Day High: 1239 Day Low: 1219.5

Continued trades against NG. with a mid-price ABOVE 1239 should improve t ……..

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LSE:RKH Rockhopper. Close Mid-Price: 8.19 Percentage Change: + 2.37% Day High: 8.28 Day Low: 7.54

This feels unhappy, pointing at movement below 7.5 bringing an initial 7.2 ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 591.8 Percentage Change: + 0.71% Day High: 599.6 Day Low: 586.8

All Standard Chartered needs are mid-price trades ABOVE 599.6 to improve ……..

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LSE:VOD Vodafone. Close Mid-Price: 120.3 Percentage Change: + 0.20% Day High: 121.08 Day Low: 115.02

This is behaving badly, now suggesting below 115 shall bring reversal to a ……..

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

#Gold #Nasdaq

Rather than believing politicians or media, we inadvertently discovered another way of judging how things are going with The Pandemic. Simply put, a visit to a major drug company website reveals rather swiftly what the corporate world believes to be current. In the case of GSK, the company now trumpet “Our response to the situation in Ukraine”.

You need to do a little digging to discover references to Covid-19 and at time of writing, the easiest link was to scroll down to the very bottom of their corporate homepage to reveal this drug giant retains an interest in the field. Even a quick visit to the Chinese version of their website failed to reveal any great level of panic, despite there being occasional hints of “Major Covid outbreaks in Shanghai”. Perhaps it is indeed the case we should all embrace the new normal and join the corporate mindset by moving on with life.

 

It’s interesting GSK share price appears to be on the verge of becoming useful, almost at the point of challenging the pre-pandemic highs of 2020. This is creating a fascinating scenario as now above 1,817p suggests imminent moves to an initial 1,841p. In the event such a level is exceeded, quite likely with the price trading around 1,798p at time of writing, our secondary works out at 1,870p and a new all time high. Quite coyly, we’ve chosen to show a longer term 2,009p on the chart below as a viable long term ambition, representing a level at which we’d suspect some hesitation.

For everything to go horribly wrong, GSK needs below 1,700p as this calculates with the threat of reversal to an initial 1,625p. At such a level, we’d hope for a bounce as our secondary works out at an uptrend breaking 1,406p.

At present, we’re inclined toward optimism for this share price.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:00:41PM	BRENT	112.82									‘cess
11:02:43PM	GOLD	1824.1	1810	1806	1799	1818	1827	1831	1846	1813
11:05:10PM	FTSE	7468									‘cess
11:06:55PM	FRANCE	6356
11:08:47PM	GERMANY	14006.65
11:10:35PM	US500	4005.54									‘cess
11:12:18PM	DOW	32223									‘cess
11:14:26PM	NASDAQ	12247.24	12185	12089	11958	12303	12409	12463	12556	12270
11:16:34PM	JAPAN	26482									‘cess

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%

11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%

10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%

9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%

6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AGM Applied Graphene** **LSE:AV. Aviva** **LSE:BLOE Block Energy PLC** **LSE:CAR Carclo** **LSE:DDDD 4D Pharma** **LSE:FOXT Foxtons** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:OCDO Ocado Plc** **LSE:SBRY Sainsbury** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **

********

Updated charts published on : Applied Graphene, Aviva, Block Energy PLC, Carclo, 4D Pharma, Foxtons, Hikma, British Airways, International Personal Finance, IQE, Ocado Plc, Sainsbury, Standard Chartered, The Trainline, Tesco,

LSE:AGM Applied Graphene. Close Mid-Price: 17 Percentage Change: + 0.00% Day High: 17 Day Low: 16.27

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LSE:AV. Aviva Close Mid-Price: 394.65 Percentage Change: -3.32% Day High: 401.35 Day Low: 384

Target Met or near enough. Below 394 now indicates 381 with quite a strong ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 1.48 Percentage Change: -4.84% Day High: 1.55 Day Low: 1.48

Something is going on here as above 1.55 now suggests the potential of mov ……..

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LSE:CAR Carclo. Close Mid-Price: 20.65 Percentage Change: + 0.73% Day High: 21 Day Low: 20

Continued weakness against CAR taking the price below 20 calculates as lea ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 33.25 Percentage Change: -2.49% Day High: 34.7 Day Low: 33

This has gotten dodgy and now, below 31 points at the potential of reversa ……..

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LSE:FOXT Foxtons Close Mid-Price: 36 Percentage Change: -1.37% Day High: 35.65 Day Low: 35.6

Continued weakness against FOXT taking the price below 35 calculates as le ……..

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LSE:HIK Hikma Close Mid-Price: 1711 Percentage Change: -0.75% Day High: 1737.5 Day Low: 1696.5

Now below 1651 suggests 1571 next with secondary, if broken, at 1504 and h ……..

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LSE:IAG British Airways Close Mid-Price: 121.9 Percentage Change: -1.02% Day High: 123.24 Day Low: 120.04

It’s still the case below 120 points at 118 next with secondary, if broken ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 89.6 Percentage Change: + 3.58% Day High: 88 Day Low: 84.7

If International Personal Finance experiences continued weakness below 84. ……..

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LSE:IQE IQE. Close Mid-Price: 29.1 Percentage Change: + 0.52% Day High: 29.35 Day Low: 28

If IQE experiences continued weakness below 28, it will invariably lead to ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 811.8 Percentage Change: + 0.12% Day High: 822.6 Day Low: 794.8

Above 823 now should signal surprise recovery to an initial 871 with secon ……..

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LSE:SBRY Sainsbury. Close Mid-Price: 244.6 Percentage Change: + 2.43% Day High: 245.4 Day Low: 238

Now looking a little interesting, above 246 suggests the potential of near ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 587.6 Percentage Change: + 1.07% Day High: 588.4 Day Low: 572.8

Target Met. Above 589 now signals the concept of a visit to 615 next with ……..

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LSE:TRN The Trainline Close Mid-Price: 288.7 Percentage Change: -4.66% Day High: 302.1 Day Low: 288.4

This is starting to become interesting as above 306 now calculates with th ……..

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LSE:TSCO Tesco. Close Mid-Price: 286.7 Percentage Change: + 1.96% Day High: 287.8 Day Low: 279.7

This has potentials, now looking capable of movement above 288 bringing an ……..

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

#Brent_Futures #DAX

Barclays share price remains behaving, to use a technical term, “utterly uselessly”. To judge by movements since April, one could almost imagine they’ve announced a forthcoming move to new headquarters in Moscow with Boris Johnston organising the grand opening party. The Blue line on the chart dates back to 2013 and about the only thing we must concede is the share price is paying close attention to it.

In an update to our numbers, now below 140p threatens reversal to an initial target level of 127p. Oddly, we’ve separate criteria pointing at such a drop ambition, creating a situation where we’d anticipate a solid bounce if such a target level appears. Our longer term secondary calculates down at 98p but, aside from this sort of price level making an appearance in 2020, very little visually backs up any logic pointing at such a target level. And in any case, the inset on the chart appears to enforce our thoughts the market doesn’t want Barclays to drop. It just doesn’t want the share price to go up either!

 

Presently trading around 150p, our inclination is to allocate 169p as a trigger level, our thought process suggesting should this share price trade above 169p, “proper” recovery should prove difficult to restrain. In this scenario, sharp movement to an initial 189 looks very possible with secondary, if exceeded, calculating at 213p. Visually, there appears to be a threat of hesitation, should this 213p make an appearance as some sort of glass ceiling becomes extremely probable. The chart inset suggests, with Barclays, it’s all just a matter of patience. He’s hoping!

Wall St (DOWi:DJI)  When we previously reviewed Wall St in March, we’d proposed the threat of reversal to the 31,000 level. At the time it was trading around 33,900, so it was quite a big drop to consider. The US market hit 31,200 last week, making us question whether this shall be deemed “close enough”, creating a situation where we should anticipate a bounce?

It certainly appears to be the case. The bounce just above our Big Picture target level should have faded away by 32,200 points as, theoretically, there was only sufficient force to fuel a 1,000 point rebound. However, the market bounced higher, futures even joining in the fun by reaching 32,300 points. Maybe it is the case, by bouncing just before our drop target and bouncing higher than initial calculations permitted, we should now regard Wall St as enjoying some hidden strength.

This being the case, now above 32,300 calculates with the potential of ongoing recovery to an initial 32,600 with secondary, if exceeded, working out at 33,170 points. Of course, there’s a little problem with this secondary ambition as it fails to trouble the level at which the Red uptrend was broken (33,650 points), calling into question the integrity of any recovery. Currently we can calculate a third level target, should 33,170 be exceeded, at 33,900 points but, to be honest, we don’t expect it. Instead, the market “feels” like it risks experiencing a slow down for a while.

If trouble is planned in the days ahead, Wall St now needs below 31,400 to justify serious concern as we can point out new drop target levels at an initial 30,100 with secondary 28,000.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
5:31:12PM	BRENT	110.45	107	106.81	105.45	109.03	110.84	111.17	114.66	109.5	‘cess
5:34:10PM	GOLD	1812.31									Success
5:36:57PM	FTSE	7426.11									Success
5:40:03PM	FRANCE	6367									Success
5:42:19PM	GERMANY	14041.87	13785	13772	13671	13935	14071	14179	14481	13875	Success
5:44:15PM	US500	4023.02									Success
5:46:28PM	DOW	32206									‘cess
5:49:18PM	NASDAQ	12379									Success
6:23:03PM	JAPAN	26626									Success

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%

11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%

10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%

9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%

6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%

5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%

 

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:AV. Aviva** **LSE:BLVN Bowleven** **LSE:BT.A British Telecom** **LSE:ECO ECO (Atlantic) O & G** **LSE:IGAS Igas Energy** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **LSE:STAN Standard Chartered** **

********

Updated charts published on : Aviva, Bowleven, British Telecom, ECO (Atlantic) O & G, Igas Energy, IQE, Lloyds Grp., Standard Chartered,

LSE:AV. Aviva. Close Mid-Price: 408.2 Percentage Change: + 2.54% Day High: 409.1 Day Low: 401.2

This is getting extremely confusing as below 394 now indicates coming reve ……..

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LSE:BLVN Bowleven. Close Mid-Price: 2.75 Percentage Change: + 0.00% Day High: 2.87 Day Low: 2.75

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LSE:BT.A British Telecom. Close Mid-Price: 180.6 Percentage Change: + 1.38% Day High: 180.55 Day Low: 172

It’s now the case above 190 should make an attempt at an initial 206 with ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 26.75 Percentage Change: + 1.90% Day High: 27.25 Day Low: 26

Now below 25 suggests coming drips down to an initial 22 with secondary, i ……..

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LSE:IGAS Igas Energy. Close Mid-Price: 36.4 Percentage Change: + 1.11% Day High: 38.6 Day Low: 36.3

Above 40 now has the potential of a lift to 44 with secondary, if exceeded ……..

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LSE:IQE IQE Close Mid-Price: 28.95 Percentage Change: -2.36% Day High: 29.9 Day Low: 28.25

If IQE experiences continued weakness below 28.25, it will invariably lea ……..

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LSE:LLOY Lloyds Grp.. Close Mid-Price: 43.88 Percentage Change: + 2.13% Day High: 44.1 Day Low: 43.35

This nightmare appears to be getting nasty, now suggesting below 43 shall ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 581.4 Percentage Change: + 2.90% Day High: 585.2 Day Low: 571.2

In the event of Standard Chartered enjoying further trades beyond 585.2, ……..

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

#FTSE #Gold

You don’t need dig far into the news to find plenty of doom and gloom stories for crypto currency.  Apparently, it’s “game over” and everyone involved has now lost trillions. The reality, we suspect, shall prove quite different. Firstly, no-one makes a loss until they sell (or are stopped out) and secondly, well “secondly” is curious.

The immediate Bitcoin chart is, at first glance, quite interesting. On Thursday 12th May, the crypto broke the uptrend since 2020, attaining a bottom around $25,300 when the days session effectively opened at 8am. We’d been showing a Big Picture drop target around 27,700 on the current cycle and this, quite precisely, appeared to mesh with the Red uptrend. While the spike down early in the day to a low of 25,300 indeed broke the trend, the damage was undone by 8.45am.

As the chart inset highlights, Bitcoin certainly interfered with the trend but appears extremely unlikely to close the day below our drop target level. As a result, we’re inclined to anticipate some near term recovery as above 29,900 now looks capable of an attempt at an initial 31,290 with secondary, if bettered, a slightly more inspiring 34,800. It’s certainly an ongoing concern as the market “proved” at 8am the 2020 Red uptrend can be broken but visually, it appears unlikely this initial damage is intended to last.

However, to jump on the misery bandwagon, we’d now warn below 25,300 calculates with the risk of reversal now to an initial 21,400 with secondary, if broken, at 13,800 and a return to levels not seen since just 18 months ago.

 

 FTSE for Friday Yet again, we’re stumbling into a Friday feeling uncertain as to just what the heck is going on. It’s supposed to be the case of weakness below 7158 points now generating reversal to an initial 7090 points with secondary, if broken, a hopeful bottom at 7004 points. Unfortunately, there’s quite a strong visual case demanding a bottom at the 7004 point level, thanks to the presence of the Red pandemic trend line. This almost jars with a nice letter received today from Scotland’s fragrant Nicola Sturgeon, effectively letting me know the pandemic shall be deemed “over” from the end of this month, thanks to plentiful supply of treatments for anyone experiencing Covid-19. But personally, not to worry as I remain at the top of the list for any future vaccination campaigns.

It begs the question, should we now disregard the pandemic trend and instead, worry about the Russia trend since March?

 

But the level of surprise recovery shown during Thursday produced a near term trigger level and with the market closing the session at 7233 points, very little work needs done to give some near term hope. Above just 7278 points is supposed to trigger ongoing recovery to an initial 7379 points, a tidy 100 point boost capable of making the chaos of this week feel like a painful memory. Above 7379 and we can calculate a secondary target at 7446 points.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:37:07PM	BRENT	107.34	104	102.75		106.05	108	108.99		105.75
9:39:27PM	GOLD	1822.82	1821	1819		1827	1843	1849		1831	‘cess
9:41:50PM	FTSE	7211.5	7171	7139		7241	7298	7330		7240	‘cess
9:43:44PM	FRANCE	6200.7	6093	6037		6162	6239	6279		6164
10:02:02PM	GERMANY	13669	13470	13311		13580	13804	13875		13671
10:03:32PM	US500	3914.65	3857	3830		3904	3966	3974		3914	‘cess
10:06:53PM	DOW	31627	31174	30731		31740	31974	32274		31740	Success
10:12:21PM	NASDAQ	11884.97	11685	11572		11786	12088	12140		11955	‘cess
10:15:11PM	JAPAN	25698	25527	25458		25680	26022	26091		25900	Success

 

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%

11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%

10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%

9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%

6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%

5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%

4/05/2022 FTSE Closed at 7493 points. Change of -100%. Total value traded through LSE was: £ 5,719,365,474 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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:CASP Caspian** **LSE:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:CEY Centamin** **LSE:DDDD 4D Pharma** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:HL. Hargreaves Lansdown** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:POG Petrop etc** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **

********

Updated charts published on : AFC Energy, Applied Graphene, Aston Martin, Asos, Caspian, Cellular Goods, Carnival, Centamin, 4D Pharma, Experian, EasyJet, Foxtons, Hargreaves Lansdown, British Airways, IG Group, ITM Power, Intertek, Just Eat, Ocado Plc, Oxford Instruments, Petrop etc, Speedyhire, Spirax,

LSE:AFC AFC Energy Close Mid-Price: 26.42 Percentage Change: -7.30% Day High: 27.4 Day Low: 24.52

Target met. If AFC Energy experiences continued weakness below 24.52, it ……..

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LSE:AGM Applied Graphene Close Mid-Price: 17 Percentage Change: -2.86% Day High: 17 Day Low: 16.52

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LSE:AML Aston Martin Close Mid-Price: 689.2 Percentage Change: -2.02% Day High: 697.4 Day Low: 650.6

Continued weakness against AML taking the price below 650.6 calculates as ……..

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LSE:ASC Asos. Close Mid-Price: 1378 Percentage Change: + 4.08% Day High: 1388 Day Low: 1248

Target met. If Asos experiences continued weakness below 1248, it will in ……..

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LSE:CASP Caspian Close Mid-Price: 2.55 Percentage Change: -5.56% Day High: 2.7 Day Low: 2.55

Weakness on Caspian below 2.55 will invariably lead to 2.2 with secondary ……..

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LSE:CBX Cellular Goods Close Mid-Price: 2 Percentage Change: -13.04% Day High: 2.1 Day Low: 1.95

Target met. Weakness on Cellular Goods below 1.95 will invariably lead to ……..

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LSE:CCL Carnival Close Mid-Price: 1021.5 Percentage Change: -4.84% Day High: 1046 Day Low: 965

Target met. Continued weakness against CCL taking the price below 965 cal ……..

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LSE:CEY Centamin Close Mid-Price: 80.96 Percentage Change: -5.93% Day High: 86.26 Day Low: 80.74

In the event Centamin experiences weakness below 80.74 it calculates with ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 32.7 Percentage Change: -6.17% Day High: 33.75 Day Low: 31.3

Continued weakness against DDDD taking the price below 31.3 calculates as ……..

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LSE:EXPN Experian Close Mid-Price: 2645 Percentage Change: -0.60% Day High: 2655 Day Low: 2560

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LSE:EZJ EasyJet Close Mid-Price: 490.2 Percentage Change: -3.01% Day High: 500.8 Day Low: 468.1

If EasyJet experiences continued weakness below 468.1, it will invariably ……..

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LSE:FOXT Foxtons Close Mid-Price: 35 Percentage Change: -5.91% Day High: 36.85 Day Low: 35.8

Continued weakness against FOXT taking the price below 35.8 calculates as ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 861.8 Percentage Change: -3.60% Day High: 866.8 Day Low: 804.8

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

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LSE:IAG British Airways Close Mid-Price: 122.36 Percentage Change: -2.94% Day High: 124.8 Day Low: 119.26

Target met. Weakness on British Airways below 119.26 will invariably lea ……..

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LSE:IGG IG Group Close Mid-Price: 707 Percentage Change: -3.42% Day High: 724.5 Day Low: 698.5

Weakness on IG Group below 698.5 will invariably lead to 695 with seconda ……..

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LSE:ITM ITM Power Close Mid-Price: 268.9 Percentage Change: -4.34% Day High: 273.9 Day Low: 253.3

Target met. Continued weakness against ITM taking the price below 253.3 c ……..

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LSE:ITRK Intertek Close Mid-Price: 4861 Percentage Change: -0.96% Day High: 4875 Day Low: 4783

Target met. In the event Intertek experiences weakness below 4783 it calc ……..

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LSE:JET Just Eat. Close Mid-Price: 1568.4 Percentage Change: + 3.08% Day High: 1603.8 Day Low: 1415.8

In the event Just Eat experiences weakness below 1415.8 it calculates wit ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 774 Percentage Change: + 1.28% Day High: 779.2 Day Low: 691.6

Target met. Weakness on Ocado Plc below 691.6 will invariably lead to 604 ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2110 Percentage Change: -0.94% Day High: 2110 Day Low: 2015

In the event Oxford Instruments experiences weakness below 2015 it calcul ……..

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LSE:POG Petrop etc. Close Mid-Price: 2.5 Percentage Change: + 63.93% Day High: 3.49 Day Low: 1.7

Target met. Further movement against Petrop etc ABOVE 3.49 should improve ……..

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LSE:SDY Speedyhire Close Mid-Price: 45.95 Percentage Change: -3.36% Day High: 47.1 Day Low: 45.5

In the event Speedyhire experiences weakness below 45.5 it calculates wit ……..

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LSE:SPX Spirax Close Mid-Price: 10830 Percentage Change: -0.91% Day High: 10900 Day Low: 10565

Weakness on Spirax below 10565 will invariably lead to 10,492. If broken, ……..

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

#DAX #SP500 When it comes to describing a “tough time” since the pre-pandemic high, Europcar share price chart takes some beating. Since 2017, the price has received a steady hammering, declining from the 13€ level to effectively zero, achieving a bottom at 0.25€. Everything below this ultimate 0.25€ was prefaced with an impossible minus sign.

Presently trading around 0.50€, we’re not inclined to any form of rabid celebration, the price taking a year to double from its bottom level!

However, in our trawl for anything potentially interesting in Europe, the share price now starts to look hopeful, one we suspect shall prove worth keeping an eye on. In addition, the company enjoying a recent expansion into the US, should find themselves able to become a truly worldwide organisation, this hopefully being reflected on their share price.

Currently, above just 0.53€ looks capable of triggering some price movement to an initial 0.77.  Should this level be exceeded, our secondary calculation comes along at a more useful looking 1.33€ and places the share in a position of considerable hope for the longer term. It’s certainly an item which has suffered pretty nasty reversals and perhaps, it shall prove to be the case, recovery from the pandemic is not sufficient alone in properly moving the price. Instead, their acquisition of US Fox Vehicle rentals may prove the catalyst to get the price moving.

Unless, of course, they’ve bought a turkey… Visually we don’t think this shall be the case.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:21:45PM	BRENT	106.74									Success
10:23:32PM	GOLD	1852.7
10:25:30PM	FTSE	7257.34									‘cess
10:27:16PM	FRANCE	6153.5									Success
10:31:35PM	GERMANY	13636	13503	13381	13215	13663	13879	13947	14171	13634
10:35:22PM	US500	3942.75	3926	3901	3849	3968	4055	4099	4156	4002	‘cess
10:39:16PM	DOW	31882
10:41:38PM	NASDAQ	11998									‘cess
10:45:31PM	JAPAN	25891									Shambles

 

11/05/2022 FTSE Closed at 7347 points. Change of 1.44%. Total value traded through LSE was: £ 9,304,334,633 a change of 45.01%

10/05/2022 FTSE Closed at 7243 points. Change of 0.37%. Total value traded through LSE was: £ 6,416,543,760 a change of 2.54%

9/05/2022 FTSE Closed at 7216 points. Change of -2.31%. Total value traded through LSE was: £ 6,257,631,157 a change of -11.88%

6/05/2022 FTSE Closed at 7387 points. Change of -1.55%. Total value traded through LSE was: £ 7,100,975,536 a change of 2.72%

5/05/2022 FTSE Closed at 7503 points. Change of 0.13%. Total value traded through LSE was: £ 6,912,828,845 a change of 20.87%

4/05/2022 FTSE Closed at 7493 points. Change of -0.9%. Total value traded through LSE was: £ 5,719,365,474 a change of -24.49%

3/05/2022 FTSE Closed at 7561 points. Change of -100%. Total value traded through LSE was: £ 7,574,559,700 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:AGM Applied Graphene** **LSE:DDDD 4D Pharma** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:JET Just Eat** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:SNN Sanne Plc** **LSE:SPX Spirax** **

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Updated charts published on : Applied Graphene, 4D Pharma, Intertek, ITV, Just Eat, Ocado Plc, Oxford Instruments, Rolls Royce, Sanne Plc, Spirax,

LSE:AGM Applied Graphene Close Mid-Price: 17.5 Percentage Change: -2.78% Day High: 18 Day Low: 17

Target met. If Applied Graphene experiences continued weakness below 17, ……..

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LSE:DDDD 4D Pharma. Close Mid-Price: 34.85 Percentage Change: + 0.87% Day High: 35.55 Day Low: 33.55

Weakness on 4D Pharma below 33.55 will invariably lead to 29 with seconda ……..

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LSE:ITRK Intertek. Close Mid-Price: 4908 Percentage Change: + 0.80% Day High: 4937 Day Low: 4831

Continued weakness against ITRK taking the price below 4831 calculates as ……..

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LSE:ITV ITV. Close Mid-Price: 68.62 Percentage Change: + 2.33% Day High: 69.72 Day Low: 66.9

If ITV experiences continued weakness below 66.9, it will invariably lead ……..

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LSE:JET Just Eat Close Mid-Price: 1521.6 Percentage Change: -0.82% Day High: 1589 Day Low: 1449.4

If Just Eat experiences continued weakness below 1449.4, it will invariab ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 764.2 Percentage Change: -3.44% Day High: 793.2 Day Low: 758

Continued weakness against OCDO taking the price below 758 calculates as ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2130 Percentage Change: + 0.71% Day High: 2135 Day Low: 2080

Continued weakness against OXIG taking the price below 2080 calculates as ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 80.5 Percentage Change: + 2.88% Day High: 81.88 Day Low: 77.89

Weakness on Rolls Royce below 77.89 will invariably lead to 72 with secon ……..

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LSE:SNN Sanne Plc Close Mid-Price: 895 Percentage Change: -0.89% Day High: 905 Day Low: 893

Continued weakness against SNN taking the price below 893 calculates as l ……..

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LSE:SPX Spirax. Close Mid-Price: 10930 Percentage Change: + 0.78% Day High: 11105 Day Low: 10675

If Spirax experiences continued weakness below 10675, it will invariably ……..

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