Worth looking at Pantheon Resources Plc

#FTSE #Nasdaq Oil producer Pantheon, working in Alaska and incorporated in the UK, appear worthy of some research, if only due to some recent strong share price movements. Upon reading of their Alaska exploits, our first thought was to check how far away their operations are from Nome, the famed home of Bering Sea Gold on the Discovery channel. Let’s just say there is absolutely no chance of any features on oil cropping up on our favourite ice diving show. Alaska is a big place.

 

We frequently complain visits to corporate websites can prove quite boring but in the case of Pantheon, it proved a fascinating place to spend time, disappearing down a rabbit hole for over an hour in the name of familiarising ourselves with something which has absolutely no bearing on our calculations. The primary reason for any research is to assure ourselves we’re not intending write about a subject which is the focus of ‘an enhanced expectation campaign’ on an internet chatroom about an AIM listed company. In this instance, we’re happy to continue and express some optimism for the future too.

Firstly, for everything to go pear shaped, the share price requires close a session below 91p. From glancing at the chart acceleration, this appears an unlikely suggestion but of course, we never know if a company intend issue some dire news.

Instead, the immediate situation suggests growth continuing above 146p should make an attempt at an initial 166p with secondary, if exceeded, calculating at 180p. The visuals imply the 180p level should prove capable of some hesitation, thanks to this representing a series of highs back in 2016. Invariably, a bunch of folk will have seen their funds take a prolonged holiday since 2016, doubtless watching in utter horror as the price explored the 7p level in 2020. Thankfully, the period since has witnessed strong acceleration and in this particular instance, we can even risk proposed a third target level should 180p be exceeded. Such an event works out with the potential of 220p, a new all time high since the share was initially listed back in 2006.sdy150222.jpg

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:46:56PM BRENT 91.93
9:49:50PM GOLD 1853.34 Shambles
9:54:07PM FTSE 7591 7546 7525 7496 7595 7618 7635 7689 7565
9:56:48PM FRANCE 6978 ‘cess
9:59:09PM GERMANY 15418 ‘cess
10:01:33PM US500 4465.37 ‘cess
10:03:42PM DOW 34957 ‘cess
10:06:16PM NASDAQ 14601.85 14434 14374 14290 14570 14626 14690 14783 14501 Success
10:08:42PM JAPAN 27445 ‘cess
15/02/2022 FTSE Closed at 7608 points. Change of 1.02%. Total value traded through LSE was: £ 5,838,071,822 a change of -10.14%
14/02/2022 FTSE Closed at 7531 points. Change of -1.7%. Total value traded through LSE was: £ 6,497,209,256 a change of -4.96%
11/02/2022 FTSE Closed at 7661 points. Change of -0.14%. Total value traded through LSE was: £ 6,836,505,104 a change of 3.17%
10/02/2022 FTSE Closed at 7672 points. Change of 0.38%. Total value traded through LSE was: £ 6,626,677,333 a change of -0.02%
9/02/2022 FTSE Closed at 7643 points. Change of 1%. Total value traded through LSE was: £ 6,627,688,349 a change of 1.84%
8/02/2022 FTSE Closed at 7567 points. Change of -0.08%. Total value traded through LSE was: £ 6,508,230,293 a change of 10.94%
7/02/2022 FTSE Closed at 7573 points. Change of 0.76%. Total value traded through LSE was: £ 5,866,179,162 a change of 4.27%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:DARK Darktrace Plc** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:MKS Marks and Spencer** **LSE:PPC President Energy** **LSE:SDY Speedyhire** **

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Updated charts published on : Avacta, BALFOUR BEATTY, Darktrace Plc, Fresnillo, Glencore Xstra, Marks and Spencer, President Energy, Speedyhire,

LSE:AVCT Avacta. Close Mid-Price: 60.5 Percentage Change: + 18.63% Day High: 64 Day Low: 46

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 245.6 Percentage Change: + 0.33% Day High: 247.4 Day Low: 240

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LSE:DARK Darktrace Plc Close Mid-Price: 359.6 Percentage Change: -0.88% Day High: 360.2 Day Low: 337.2

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LSE:FRES Fresnillo Close Mid-Price: 642.8 Percentage Change: -3.45% Day High: 673.4 Day Low: 639

Further movement against Fresnillo ABOVE 673.4 should improve acceleratio ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 427 Percentage Change: + 1.16% Day High: 442.35 Day Low: 423.75

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LSE:MKS Marks and Spencer. Close Mid-Price: 192.35 Percentage Change: + 0.29% Day High: 194.95 Day Low: 190.25

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LSE:PPC President Energy Close Mid-Price: 1.55 Percentage Change: -1.59% Day High: 1.57 Day Low: 1.55

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LSE:SDY Speedyhire Close Mid-Price: 56.4 Percentage Change: -0.70% Day High: 57.1 Day Low: 56.2

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

Impax Asset Management, a share price in transition?

#Gold #SP500_futures Sooner or later, someone will do a comedy sketch about Asset Management company websites. When we’re asked to feature one, trying to figure out what they actually do is generally cleverly concealed, thanks to the web designer failing to understand anything they’ve been told. For instance, with Impax, their “About Us” statement is shown below.

It’s a lovely sentence, one which reveals nothing. But judging by their website, Impax are clearly impressed with their own “green” credentials but a little less candid on revealing how they actually make money.

 

Unfortunately, the company share price future is looking rather less polished than their web presence. It’s a share which experienced a pandemic low of 191p in 2020. In the period since, the performance from such a level has been amazing, the price eventually topping out at 1508p last December. The climb was truly remarkable and relentless but unfortunately, the wheels started to come off last month with the share price currently exhibiting quite unsettling behaviour.

As the chart below highlights, the share price is experiencing a series of “lower lows”, closing Valentines Day not with a kiss but more, a head-but at 985p. The immediate cycle suggests weakness below 968p threatens reversal down to 931p, a level which appears capable of producing a fairly major issue.

From our perspective, we’d generally hope for a bounce, should 931p make an appearance but we’ve an issue with the method the market used to break the price through the Red uptrend. On January 24th, the price was gapped down to 1138p, a very deliberate movement (circled) from the previous days close of 1150p. The market had apparently made a decision but by the start of February, we were confused by the share exceeding the level of trend break, climbing to 1162p. This sort of thing carries a vague suggestion of the trend which was broken, not actually being a real trend. If this is indeed the case, our drop calculations could easily prove as reliable as a Boris Johnston party excuse.

Cutting to the chase, below 931p works out with a serious threat of a cycle commencing to 608p. If broken, our secondary calculates at 511p. Were it not for the (short lived) recovery at the start of February, we’d already be comfortable suggesting this cycle has commenced, especially as the share price needs a miracle recovery above the previous 1162p high to get out of this mess. In mitigation, while contemplating such a strong reversal, it’s probably worth remembering this is a share which was trading at 400p pre-Covid, leading to a suspicion any visit to 608p, while dreadful for those who invested on the basis last years strong climb would go on for ever, visually gives substantial hope for a bounce, if 608p chooses to visit.

In conclusion, we’d advocate watching very closely, if the price falls to 931p anytime soon. Our rule of thumb is to watch for any break below this target level, especially on any initial surge down. Experience has taught this behaviour ticks a pretty major box to indicate future direction. Who knows, maybe it shall bounce from 931p without any dramatics.

As ever, many thanks to those who take the trouble to visit a fascinating advert on this page, the action buying us a coffee!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:27:57PM BRENT 94.71 ‘cess
10:30:34PM GOLD 1872.2 1850 1842 1831 1862 1874 1877 1890 1854 ‘cess
10:42:27PM FTSE 7526 Success
10:45:29PM FRANCE 6817.7 Success
10:47:36PM GERMANY 15091.63 Success
10:49:27PM US500 4403.27 4360 4343 4314 4403 4433 4454 4485 4400 ‘cess
10:53:12PM DOW 34564 ‘cess
11:04:37PM NASDAQ 14280
11:06:35PM JAPAN 27052
14/02/2022 FTSE Closed at 7531 points. Change of -1.7%. Total value traded through LSE was: £ 6,497,209,256 a change of -4.96%
11/02/2022 FTSE Closed at 7661 points. Change of -0.14%. Total value traded through LSE was: £ 6,836,505,104 a change of 3.17%
10/02/2022 FTSE Closed at 7672 points. Change of 0.38%. Total value traded through LSE was: £ 6,626,677,333 a change of -0.02%
9/02/2022 FTSE Closed at 7643 points. Change of 1%. Total value traded through LSE was: £ 6,627,688,349 a change of 1.84%
8/02/2022 FTSE Closed at 7567 points. Change of -0.08%. Total value traded through LSE was: £ 6,508,230,293 a change of 10.94%
7/02/2022 FTSE Closed at 7573 points. Change of 0.76%. Total value traded through LSE was: £ 5,866,179,162 a change of 4.27%
4/02/2022 FTSE Closed at 7516 points. Change of 3.55%. Total value traded through LSE was: £ 5,625,836,746 a change of -14.55%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:AVCT Avacta** **LSE:CPI Capita** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:HIK Hikma** **LSE:HUR Hurrican Energy** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ODX Omega Diags** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **LSE:SPX Spirax** **LSE:ZOL Zoldav** **

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Updated charts published on : Asos, Avacta, Capita, 4D Pharma, Diageo, Experian, Hikma, Hurrican Energy, IG Group, IQE, Omega Diags, Oxford Instruments, Primary Health, Quadrise, Spirax, Zoldav,

LSE:ASC Asos Close Mid-Price: 2023 Percentage Change: -0.74% Day High: 2043 Day Low: 1950

Weakness on Asos below 1950 will invariably lead to 1888 with secondary, ……..

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LSE:AVCT Avacta Close Mid-Price: 51 Percentage Change: -16.39% Day High: 60.5 Day Low: 51

Target met. In the event Avacta experiences weakness below 51 it calculat ……..

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LSE:CPI Capita Close Mid-Price: 30.58 Percentage Change: -1.86% Day High: 30.87 Day Low: 29.76

If Capita experiences continued weakness below 29.76, it will invariably ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 32.2 Percentage Change: -5.85% Day High: 33.55 Day Low: 32

Weakness on 4D Pharma below 32 will invariably lead to 28 with secondary ……..

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LSE:DGE Diageo Close Mid-Price: 3632 Percentage Change: -2.30% Day High: 3679 Day Low: 3609

Continued weakness against DGE taking the price below 3609 calculates as ……..

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LSE:EXPN Experian Close Mid-Price: 2865 Percentage Change: -2.05% Day High: 2879 Day Low: 2798

Target met. If Experian experiences continued weakness below 2798, it wil ……..

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LSE:HIK Hikma Close Mid-Price: 1946 Percentage Change: -0.99% Day High: 1968 Day Low: 1935.5

Continued weakness against HIK taking the price below 1935.5 calculates a ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 5.28 Percentage Change: + 3.68% Day High: 5.42 Day Low: 4.8

Further movement against Hurrican Energy ABOVE 5.42 should improve accele ……..

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LSE:IGG IG Group Close Mid-Price: 775.5 Percentage Change: -0.32% Day High: 781.5 Day Low: 765.5

Weakness on IG Group below 765.5 will invariably lead to 747 with seconda ……..

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LSE:IQE IQE Close Mid-Price: 34.75 Percentage Change: -5.95% Day High: 38.75 Day Low: 34.3

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LSE:ODX Omega Diags Close Mid-Price: 5.35 Percentage Change: -8.94% Day High: 5.88 Day Low: 4.92

Continued weakness against ODX taking the price below 4.92 calculates as ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2030 Percentage Change: -2.40% Day High: 2080 Day Low: 2005

Target met. In the event Oxford Instruments experiences weakness below 20 ……..

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LSE:PHP Primary Health Close Mid-Price: 133.6 Percentage Change: -1.04% Day High: 135 Day Low: 132.6

Weakness on Primary Health below 132.6 will invariably lead to 131 with s ……..

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LSE:QFI Quadrise Close Mid-Price: 1.59 Percentage Change: -11.67% Day High: 1.7 Day Low: 1.54

Target met. In the event Quadrise experiences weakness below 1.54 it calc ……..

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LSE:SPX Spirax Close Mid-Price: 11980 Percentage Change: -1.76% Day High: 12085 Day Low: 11775

Target met. Continued weakness against SPX taking the price below 11775 c ……..

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LSE:ZOL Zoldav Close Mid-Price: 10.5 Percentage Change: -30.00% Day High: 15 Day Low: 10.5

Target met. If Zoldav experiences continued weakness below 10.5, it will ……..

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

Natwest Plc (LSE:NWG) to 332p?

#Brent #Dax News over the weekend regarding the UK Govt stake in Natwest coming close to falling below 50% surely must provide some confidence for the share price. The thresh-hold could be crossed in coming weeks, doubtless with a fanfare. However, news the bank intend close another 32 branches has leaked, doubtless with inevitable “sad face furore” stories in tabloids.

The whole issue of branch closures is something unsurprising, it proving remarkably easy to avoid going into a bank during the last couple of years. Locally here in Argyll, our small town has a high street remarkably well served with banks and pre-pandemic, the big issue was how busy the branches were. This situation appears unchanged. Last week, thanks to their cash machine hosting an ‘Out of Order’ sticker, stepping inside the bank branch revealed nothing has changed, each teller position was manned and there was a queue. When it was finally my turn, it was clear the queue had nothing to do with the faulty machine, instead the bank was conducting normal bank business.

Obviously throughout the UK, there must be many bank branches where the majority of customers are like me and as a result, it’s hard to argue against closures.

 

Closing last week at 253p, the share price now requires exceed just 259p to introduce the prospect of coming price recovery to 272p next. If bettered, our secondary calculates at a longer term 332p. At least it seems fair the UK Govt are choosing to drip feed into the market place and avoiding further damage to the share value. We’re certainly curious, if the fact of Natwest no longer being referred to as ‘Majority Owned Bank, Natwest” in every news broadcast shall provide a boost for the longer term.

The immediate fly in the ointment comes from the relative lack of strong growth against the price. It’s certainly exceeded its pre-Covid high, has gone up a bit stopped. While it’s certainly a combination of the Russia Thing, the Interest Rate Thing, or the Inflation Thing, we’re starting to wonder if the share can be expected to suffer some reversals fairly soon. Below 244p looks troubling, allowing for weakness to an initial 227 with secondary, if broken, at 215p. Visually neither number appears troubling as the share price would need close a session below 207p to justify serious alarm. A move such as this would threaten a retreat below the Blue downtrend, once again making a trip down to 155p a truly disturbing possibility.

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
3:51:05PM BRENT 94.21 91.43 90.63 89.21 93 94.89 95.09 96.95 93.4 Success
8:53:41PM GOLD 1861.43 ‘cess
8:55:52PM FTSE 7573.23 ‘cess
8:59:39PM FRANCE 6881.2 Success
9:02:07PM GERMANY 15167.76 15114 15105 14935 15204 15298 15350 15428 15180 Success
9:05:31PM US500 4420.32 ‘cess
9:25:29PM DOW 34787 Success
9:28:36PM NASDAQ 14275.67 Success
9:31:27PM JAPAN 26920 Success
11/02/2022 FTSE Closed at 7661 points. Change of -0.14%. Total value traded through LSE was: £ 6,836,505,104 a change of 3.17%
10/02/2022 FTSE Closed at 7672 points. Change of 0.38%. Total value traded through LSE was: £ 6,626,677,333 a change of -0.02%
9/02/2022 FTSE Closed at 7643 points. Change of 1%. Total value traded through LSE was: £ 6,627,688,349 a change of 1.84%
8/02/2022 FTSE Closed at 7567 points. Change of -0.08%. Total value traded through LSE was: £ 6,508,230,293 a change of 10.94%
7/02/2022 FTSE Closed at 7573 points. Change of 0.76%. Total value traded through LSE was: £ 5,866,179,162 a change of 4.27%
4/02/2022 FTSE Closed at 7516 points. Change of 3.55%. Total value traded through LSE was: £ 5,625,836,746 a change of -14.55%
3/02/2022 FTSE Closed at 7258 points. Change of -4.29%. Total value traded through LSE was: £ 6,584,025,295 a change of 21.45%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CPI Capita** **LSE:DDDD 4D Pharma** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:IQE IQE** **LSE:ODX Omega Diags** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **LSE:SCLP Scancell** **LSE:TRN The Trainline** **LSE:ZOL Zoldav** **

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Updated charts published on : Avacta, BALFOUR BEATTY, BP PLC, Capita, 4D Pharma, Fresnillo, Hikma, IQE, Omega Diags, Primary Health, Quadrise, Scancell, The Trainline, Zoldav,

LSE:AVCT Avacta Close Mid-Price: 61 Percentage Change: -4.69% Day High: 63 Day Low: 58

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 249.2 Percentage Change: -0.24% Day High: 250.2 Day Low: 244.4

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LSE:BP. BP PLC. Close Mid-Price: 417.2 Percentage Change: + 1.58% Day High: 419.15 Day Low: 405.5

Further movement against BP PLC ABOVE 419.15 should improve acceleration ……..

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LSE:CPI Capita Close Mid-Price: 31.16 Percentage Change: -0.76% Day High: 31.4 Day Low: 30.11

Continued weakness against CPI taking the price below 30.11 calculates as ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 34.2 Percentage Change: -0.44% Day High: 35.95 Day Low: 33

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LSE:FRES Fresnillo Close Mid-Price: 622.4 Percentage Change: -1.46% Day High: 626.6 Day Low: 610.6

Weakness on Fresnillo below 610.6 will invariably lead to 592 with second ……..

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LSE:HIK Hikma Close Mid-Price: 1965.5 Percentage Change: -1.97% Day High: 1998 Day Low: 1965

In the event Hikma experiences weakness below 1965 it calculates with a d ……..

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LSE:IQE IQE. Close Mid-Price: 36.95 Percentage Change: + 2.64% Day High: 37.15 Day Low: 35.05

Continued trades against IQE with a mid-price ABOVE 37.15 should improve ……..

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LSE:ODX Omega Diags Close Mid-Price: 5.88 Percentage Change: -18.97% Day High: 6.38 Day Low: 5.6

If Omega Diags experiences continued weakness below 5.6, it will invariab ……..

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LSE:PHP Primary Health Close Mid-Price: 135 Percentage Change: -1.17% Day High: 135.7 Day Low: 133.6

If Primary Health experiences continued weakness below 133.6, it will inv ……..

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LSE:QFI Quadrise Close Mid-Price: 1.8 Percentage Change: -6.37% Day High: 1.97 Day Low: 1.7

Weakness on Quadrise below 1.7 will invariably lead to 1.65 with secondar ……..

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LSE:SCLP Scancell Close Mid-Price: 14.62 Percentage Change: -5.65% Day High: 15.62 Day Low: 14.12

Target met. Weakness on Scancell below 14.12 will invariably lead to 13 w ……..

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LSE:TRN The Trainline Close Mid-Price: 237 Percentage Change: -1.99% Day High: 245 Day Low: 232

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LSE:ZOL Zoldav Close Mid-Price: 15 Percentage Change: -14.29% Day High: 17.5 Day Low: 12.5

Target met. In the event Zoldav experiences weakness below 12.5 it calcul ……..

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

#Nasdaq thoughts and #FTSE for Friday

With all the controversy about vaccines & masks, a decision to wear a different type of mask to a hospital appointment provoked some interesting results. Immediately recognised as, unlike in movies, they don’t hide your identity. More importantly, the nurses were in hysterics, the ward sister gleefully ‘borrowing’ it for a staff meeting. It appears the FTSE is also clearly wearing its own version of a superhero mask.

Witnessing a day, where the FTSE yet again did well despite a backdrop of the Nasdaq down 2.3%, Wall St down by 1.5%, France down and Germany flat, the UK market has continued to excel in the initial optimism which followed the pre-pandemic high being exceeded. Unfortunately, the market is now facing the next major hurdle. It closed Thursday at 7672 points, marginally below the previous high in January 2020 of 7674 points. We’d be comfortable Friday would again experience gains, if the UK index had just managed a few points higher. However, the visual implication given by this behaviour may be of slight nerves in the market place. Even the day high, at 7687 points, proved slightly below the previous high on the Blue trend at 7689 points. Perhaps we’re being a little pedantic but we’re more than a little curious as to what level the FTSE shall run out of steam, while it catches up with the previously flamboyant nature of other markets in the world.

 

The immediate situation for the FTSE 100 is pretty straightforward as movement above 7688 points should next target recovery to an initial 7714 with secondary, if bettered, at 7770 points. If triggered, the tightest stop looks like 7622 points.

Our alternate scenario allows weakness below 7622 to provoke reversals to an initial 7579 with secondary, if broken, a bottom of 7513 points and hopefully a proper bounce. The index now needs below 7380 to justify real panic.

As for the Nasdaq, it feels difficult letting a 2.3% reversal pass without comment. Presently trading at 14,705 points, the market requires below 14,450 to justify ongoing concern as this calculates with the potential of reversal to 13,755 next. If broken, our secondary works out at 12,941 points and visually, we’d hope for a rebound. Given price movements on the Nasdaq this week, we’re already resigned to 13,755 making an appearance.

Many thanks, again from the coffee fund, to those who discover an advert on this page worth visiting. 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:45:19PM BRENT 90.81 90.38 89.7 91.1 91.93 92.71 90.96 ‘cess
9:47:15PM GOLD 1827.2 1821 1816 1836 1843 1852 1825 Shambles
9:48:52PM FTSE 7616.73 7606 7591 7647 7690 7724 7627 ‘cess
9:51:43PM FRANCE 7043 7037 6988 7079 7142 7160 7077 Success
9:54:00PM GERMANY 15385 15354 15309 15471 15582 15621 15480 ‘cess
9:56:13PM US500 4498.62 4482 4446 4532 4554 4566 4519 Success
9:58:13PM DOW 35239 35105 34991 35355 35570 35636 35407 Success
10:00:55PM NASDAQ 14705.27 14632 14591 14782 14836 14862 14728
10:03:38PM JAPAN 27375 27333 27206 27614 27525 27574 27421 ‘cess

 

10/02/2022 FTSE Closed at 7672 points. Change of 0.38%. Total value traded through LSE was: £ 6,626,677,333 a change of -0.02%
9/02/2022 FTSE Closed at 7643 points. Change of 1%. Total value traded through LSE was: £ 6,627,688,349 a change of 1.84%
8/02/2022 FTSE Closed at 7567 points. Change of -0.08%. Total value traded through LSE was: £ 6,508,230,293 a change of 10.94%
7/02/2022 FTSE Closed at 7573 points. Change of 0.76%. Total value traded through LSE was: £ 5,866,179,162 a change of 4.27%
4/02/2022 FTSE Closed at 7516 points. Change of 3.55%. Total value traded through LSE was: £ 5,625,836,746 a change of -14.55%
3/02/2022 FTSE Closed at 7258 points. Change of -4.29%. Total value traded through LSE was: £ 6,584,025,295 a change of 21.45%
2/02/2022 FTSE Closed at 7583 points. Change of 0.64%. Total value traded through LSE was: £ 5,421,060,269 a change of -9.84%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:CCL Carnival** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:IAG British Airways** **LSE:SCLP Scancell** **LSE:VOD Vodafone** **

********

Updated charts published on : Aviva, Avacta, Carnival, EasyJet, Fresnillo, Glencore Xstra, British Airways, Scancell, Vodafone,

LSE:AV. Aviva. Close Mid-Price: 445.5 Percentage Change: + 0.00% Day High: 448.8 Day Low: 443.6

Target met. All Aviva needs are mid-price trades ABOVE 448.8 to improve a ……..

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LSE:AVCT Avacta Close Mid-Price: 64 Percentage Change: -6.57% Day High: 68 Day Low: 61.5

Weakness on Avacta below 61.5 will invariably lead to 55 with secondary, ……..

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LSE:CCL Carnival. Close Mid-Price: 1585.2 Percentage Change: + 2.22% Day High: 1604 Day Low: 1535.6

Target met. Further movement against Carnival ABOVE 1604 should improve a ……..

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LSE:EZJ EasyJet. Close Mid-Price: 727.4 Percentage Change: + 3.94% Day High: 727.6 Day Low: 702

Further movement against EasyJet ABOVE 727.6 should improve acceleration ……..

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LSE:FRES Fresnillo Close Mid-Price: 631.6 Percentage Change: -0.69% Day High: 640.4 Day Low: 621.8

If Fresnillo experiences continued weakness below 612, it will invariably ……..

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LSE:GLEN Glencore Xstra. Close Mid-Price: 421.05 Percentage Change: + 0.25% Day High: 428.4 Day Low: 417.5

In the event of Glencore Xstra enjoying further trades beyond 428.4, the ……..

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LSE:IAG British Airways. Close Mid-Price: 178.3 Percentage Change: + 1.91% Day High: 180.04 Day Low: 173.72

All British Airways needs are mid-price trades ABOVE 180.04 to improve a ……..

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LSE:SCLP Scancell Close Mid-Price: 15.5 Percentage Change: -7.46% Day High: 16.75 Day Low: 15.62

Continued weakness against SCLP taking the price below 15.62 calculates a ……..

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LSE:VOD Vodafone Close Mid-Price: 138.44 Percentage Change: -0.79% Day High: 141.6 Day Low: 136.98

Target met. All Vodafone needs are mid-price trades ABOVE 141.6 to improv ……..

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

<m> John Strang

Polar Capital Holdings POLR.L

#DAX #NK225 It’s be nice to say our visit to Polar Cap was inspired by local events on Wednesday but the reality was easier, a couple of emails asking our opinion on where bottom may be! The local events? Using an angle grinder to remove/install a tumble drier vent, during snow & hail storms, and sunny weather. Also, glancing at the lawn, an unpleasant realisation the grass needs cut already…

Thanks to Argyll’s changeable weather, a job which should have taken maybe 30 minutes managed to spin out to a few hours. I’m one of these people who dislikes using electrical tools in wet weather, jumping at the chance of being “rained off” any unpleasant task. Attacking a six inch vent pipe, during a snowstorm, gave a rock solid excuse but unfortunately, every time the weather turned, by the time all the electrical equipment was safe, the sun would invariably come out. The day started to feel like the weather was playing a practical joke and worse, by the time the old vent was removed, it became apparent the new vent was going to need cemented in place and cement doesn’t harden well in freezing conditions. As a result, our tumble drier now vents into a pair of lady’s tights, the only thing immediately available to cover the hole in the outside wall until the weather improves.

 

We’ve never covered Polar Capital before and glanced at their website to discover what they’re up to. They choose to describe themselves as;

 

Polar Capital is an investment-led, integrated multi-boutique that is a boutique itself. It is a specialist active fund management business whose culture is characterised as meritocratic and collaborative.

Due to an intense dislike of buzzword-prose, it was easy to stop reading at this point but would guess, given their range of locations along with 16 investment teams operating autonomously, the company are pretty good in their field.

 

The company share price has performed pretty nicely since the pandemic plunge, recovering from a low of 282p to a high of 950p and is currently trading around 628p. Curiously, our calculated recovery target worked out at 916p and once again, we’re seeing a share which exceeded target intraday, yet failed to actually close a session above 916p. The highest closing price achieved was 915p and once again, we find another share where we fear this perceived weakness allows reversals.

The immediate situation is fairly straightforward as weakness below 598p should eventually make a visit down to 542p. We’d hope for a bounce at such a level but warn, if 542p breaks on any initial surge downward, our eventual secondary calculates at a hopeful bottom of 324p. If we rely on the visuals, it appears 542p would certainly provide a reasonable floor level on the current reversal cycle.

Needing a small miracle, the share price requires exceed 800p to nullify the foregoing conclusions, especially as this would imply the potential of a visit to a longer term 1133p and a new all time high. Hopefully our ‘functional, logic-based, projection‘ of a bottom at 542p proves accurate. (Our thanks to Honeywell for their rather ancient Buzzword Generator)

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:41:47PM BRENT 91.31
9:44:03PM GOLD 1833.39 ‘cess
9:46:34PM FTSE 7663.75 ‘cess
10:17:20PM FRANCE 7151.4 Success
10:20:02PM GERMANY 15537 15407 15380 15324 15509 15548 15593 15670 15439 Success
10:22:13PM US500 4589.42 Success
10:25:43PM DOW 35826.9 Success
10:27:58PM NASDAQ 15065 Success
10:30:13PM JAPAN 27830 27386 27348 27186 27540 27836 27855 27985 27658 Success

.

9/02/2022 FTSE Closed at 7643 points. Change of 1%. Total value traded through LSE was: £ 6,627,688,349 a change of 1.84%
8/02/2022 FTSE Closed at 7567 points. Change of -0.08%. Total value traded through LSE was: £ 6,508,230,293 a change of 10.94%
7/02/2022 FTSE Closed at 7573 points. Change of 0.76%. Total value traded through LSE was: £ 5,866,179,162 a change of 4.27%
4/02/2022 FTSE Closed at 7516 points. Change of 3.55%. Total value traded through LSE was: £ 5,625,836,746 a change of -14.55%
3/02/2022 FTSE Closed at 7258 points. Change of -4.29%. Total value traded through LSE was: £ 6,584,025,295 a change of 21.45%
2/02/2022 FTSE Closed at 7583 points. Change of 0.64%. Total value traded through LSE was: £ 5,421,060,269 a change of -9.84%
1/02/2022 FTSE Closed at 7535 points. Change of 0.95%. Total value traded through LSE was: £ 6,012,900,236 a change of -1.21%

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:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CCL Carnival** **LSE:CNA Centrica** **LSE:EZJ EasyJet** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:QFI Quadrise** **

********

Updated charts published on : Aviva, British Telecom, Carclo, Carnival, Centrica, EasyJet, British Airways, IQE, ITM Power, Quadrise,

LSE:AV. Aviva. Close Mid-Price: 445.5 Percentage Change: + 0.29% Day High: 447 Day Low: 441.4

In the event of Aviva enjoying further trades beyond 447, the share shoul ……..

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LSE:BT.A British Telecom. Close Mid-Price: 198.5 Percentage Change: + 0.53% Day High: 199.85 Day Low: 196.65

Target met. Continued trades against BT.A with a mid-price ABOVE 199.85 s ……..

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LSE:CAR Carclo Close Mid-Price: 31.3 Percentage Change: -7.94% Day High: 32 Day Low: 30.4

If Carclo experiences continued weakness below 30.4, it will invariably l ……..

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LSE:CCL Carnival. Close Mid-Price: 1550.8 Percentage Change: + 3.08% Day High: 1566.8 Day Low: 1503.4

Target met. Continued trades against CCL with a mid-price ABOVE 1566.8 sh ……..

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LSE:CNA Centrica. Close Mid-Price: 78.9 Percentage Change: + 0.82% Day High: 79.48 Day Low: 78.34

In the event of Centrica enjoying further trades beyond 79.48, the share ……..

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LSE:EZJ EasyJet. Close Mid-Price: 699.8 Percentage Change: + 3.58% Day High: 718.4 Day Low: 685

Target met. All EasyJet needs are mid-price trades ABOVE 718.4 to improve ……..

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LSE:IAG British Airways. Close Mid-Price: 174.96 Percentage Change: + 4.67% Day High: 174.98 Day Low: 167.54

Further movement against British Airways ABOVE 174.98 should improve acc ……..

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LSE:IQE IQE. Close Mid-Price: 35.75 Percentage Change: + 5.15% Day High: 36.5 Day Low: 34.35

Target met. All IQE needs are mid-price trades ABOVE 36.5 to improve acce ……..

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LSE:ITM ITM Power. Close Mid-Price: 278.8 Percentage Change: + 12.33% Day High: 287.4 Day Low: 251.4

This might be important, I’m not entirely sure thanks to the level of cont ……..

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LSE:QFI Quadrise Close Mid-Price: 1.8 Percentage Change: -2.70% Day High: 1.9 Day Low: 1.8

If Quadrise experiences continued weakness below 1.8, it will invariably ……..

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

Cellular Goods, a Valentine gift?

With Valentines Day approaching, we wonder if Cellular Goods shall reap any benefit from their cannabis lotions and creams. Recent findings reveal substantial skin improvements with the application of CBD products. There are few gestures more romantic than saying to a loved one;  “Your face is bloated, sagging and looked old. Here’s a cream!”

All kidding aside, it’s easy to suspect CBD products will join many beauty regimes, especially as they actually work. From a personal standpoint, I’ve been using Oil of Ulay for nearly 30 years and can confirm it doesn’t work. I’m still as ugly now as I was then… Quite seriously, the last 10 years brought a need for moisturisers and skin care products, due to repeated chemotherapy. All the needles and lines leave substantial damage, provoking a repeated fight as nurses require undamaged skin to allow them to continue their routine abuse. Medical plumbing which once could be attached to the back of a hand gradually migrates up the arm, the wounds not healing in time for the next session. Then the nurse discovers you’ve another arm! While thankfully now receiving treatment (very successfully) which requires none of the invasive drips and transfusions, if I were, I’d be eager to try Cellular Goods CBD infused products.

 

Last time we reviewed Cellular Goods in October 2021, we appear to have gotten everything right but now, it’s all going horribly wrong for some reason. It’s interesting we’d proposed a potential high of 10.6p, the share price cheerfully exceeding this for 7 sessions toward the end of November but there was a crucial detail which is noteworthy. We often bang on about the need for a price to actually CLOSE above our target levels and in the case of LSE:CBX, despite reaching 11.6p, the highest the price closed at was 10.66p on November 30th. It’s silly to get excited at the extra 6/100th’s of a penny as we round our numbers down. The result is a perfect example of the need for targets to be exceeded, before making assumptions the door is open for a positive future. We’ve shown an inset on the chart which clearly highlights the drama at the 10.6p level last year.

By failing to exceed our 10.6p calculation, the first box was ticked in a scenario which allowed for potential weakness. When the share price managed to flutter below the Red uptrend at the end of last month, the 2nd box pointing at continued weakness was ticked and now, we must concede there’s a real problem. Should the share price now manage to wander below 5p, it risks reversal down to an initial 4.1p with secondary, if broken, at a hopeful bouncy bottom of 1.9p. To escape this mess, the share requires exceed Blue on the chart, presently around 7.6p as this should promote recovery to 9.5p. Above such a level and we’ll take another look at future potentials.

Who knows, perhaps the share will be a surprise Valentines day gift?

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:06:00PM BRENT 90.77 Success
10:07:47PM GOLD 1827.21 ‘cess
10:11:19PM FTSE 7594.29
10:14:39PM FRANCE 7035.1 6984 6949 6904 7039 7071 7089 7121 7020 ‘cess
10:16:32PM GERMANY 15298.8 ‘cess
10:52:11PM US500 4526.17 Shambles
10:54:28PM DOW 35500 ‘cess
10:58:15PM NASDAQ 14788 14628 14487 14225 14638 14791 14869 14999 14649 ‘cess
11:00:08PM JAPAN 27395 ‘cess

 

8/02/2022 FTSE Closed at 7567 points. Change of -0.08%. Total value traded through LSE was: £ 6,508,230,293 a change of 10.94%
7/02/2022 FTSE Closed at 7573 points. Change of 0.76%. Total value traded through LSE was: £ 5,866,179,162 a change of 4.27%
4/02/2022 FTSE Closed at 7516 points. Change of 3.55%. Total value traded through LSE was: £ 5,625,836,746 a change of -14.55%
3/02/2022 FTSE Closed at 7258 points. Change of -4.29%. Total value traded through LSE was: £ 6,584,025,295 a change of 21.45%
2/02/2022 FTSE Closed at 7583 points. Change of 0.64%. Total value traded through LSE was: £ 5,421,060,269 a change of -9.84%
1/02/2022 FTSE Closed at 7535 points. Change of 0.95%. Total value traded through LSE was: £ 6,012,900,236 a change of -1.21%
31/01/2022 FTSE Closed at 7464 points. Change of -0.03%. Total value traded through LSE was: £ 6,086,283,575 a change of -43.89%

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:AVCT Avacta** **LSE:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:SCLP Scancell** **LSE:STAN Standard Chartered** **LSE:VOD Vodafone** **

********

Updated charts published on : Aston Martin, Aviva, Avacta, BP PLC, Cellular Goods, ECO (Atlantic) O & G, EasyJet, Gulf Keystone, HSBC, Marks and Spencer, Ocado Plc, Oxford Instruments, President Energy, Quadrise, Scancell, Standard Chartered, Vodafone,

LSE:AML Aston Martin Close Mid-Price: 1114.5 Percentage Change: -1.46% Day High: 1138 Day Low: 1090

Weakness on Aston Martin below 1090 will invariably lead to 1014 with sec ……..

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LSE:AV. Aviva. Close Mid-Price: 444.2 Percentage Change: + 1.12% Day High: 446 Day Low: 439.4

Continued trades against AV. with a mid-price ABOVE 446 should improve th ……..

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LSE:AVCT Avacta Close Mid-Price: 67 Percentage Change: -10.07% Day High: 75 Day Low: 66.5

If Avacta experiences continued weakness below 66.5, it will invariably l ……..

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LSE:BP. BP PLC Close Mid-Price: 399 Percentage Change: -2.36% Day High: 418 Day Low: 398.35

Continued trades against BP. with a mid-price ABOVE 418 should improve th ……..

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LSE:CBX Cellular Goods Close Mid-Price: 5.5 Percentage Change: -5.17% Day High: 5.65 Day Low: 5.55

Continued weakness against CBX taking the price below 5.55 calculates as ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 31 Percentage Change: + 3.33% Day High: 32.5 Day Low: 31

Further movement against ECO (Atlantic) O & G ABOVE 32.5 should improve a ……..

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LSE:EZJ EasyJet. Close Mid-Price: 675.6 Percentage Change: + 4.00% Day High: 680 Day Low: 651.2

Target met. In the event of EasyJet enjoying further trades beyond 680, t ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 235 Percentage Change: -1.47% Day High: 244.5 Day Low: 234.5

Further movement against Gulf Keystone ABOVE 244.5 should improve acceler ……..

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LSE:HSBA HSBC. Close Mid-Price: 563.5 Percentage Change: + 1.19% Day High: 566.1 Day Low: 556.9

Target met. In the event of HSBC enjoying further trades beyond 566.1, th ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 195.05 Percentage Change: -1.24% Day High: 197 Day Low: 191.6

Continued weakness against MKS taking the price below 191.6 calculates as ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 1225 Percentage Change: -12.94% Day High: 1307 Day Low: 1140.5

Target met. In the event Ocado Plc experiences weakness below 1140.5 it c ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2040 Percentage Change: -1.69% Day High: 2080 Day Low: 2025

Weakness on Oxford Instruments below 2025 will invariably lead to 2005 wi ……..

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LSE:PPC President Energy Close Mid-Price: 1.57 Percentage Change: -8.70% Day High: 1.75 Day Low: 1.57

Continued weakness against PPC taking the price below 1.57 calculates as ……..

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LSE:QFI Quadrise Close Mid-Price: 1.85 Percentage Change: -3.90% Day High: 1.9 Day Low: 1.85

Continued weakness against QFI taking the price below 1.85 calculates as ……..

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LSE:SCLP Scancell Close Mid-Price: 16.62 Percentage Change: -3.62% Day High: 17.45 Day Low: 16.62

Target met. If Scancell experiences continued weakness below 16.62, it wi ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 571.4 Percentage Change: + 0.53% Day High: 573.6 Day Low: 565.6

Target met. All Standard Chartered needs are mid-price trades ABOVE 573.6 ……..

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LSE:VOD Vodafone Close Mid-Price: 137.22 Percentage Change: -0.13% Day High: 139.66 Day Low: 136.26

Target met. Continued trades against VOD with a mid-price ABOVE 139.66 sh ……..

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

Cineworld Group Plc and the yellow brick road.

#Gold #SP500 The exterior visuals of our local cinema, here in our bit of Argyll, tend allow speculation as to whether they still show “Gone With The Wind”. From an exterior glance, the building fails to achieve any form of modernity, while failing to display a single sign of architectural creativity. Inside, it’s thankfully a different story, incredibly comfortable, despite a ticket booth which always reminds of the “Back to the Future” movies for some reason.

Now, as an early vaccine adopter and recently armed with the 2nd booster shot for Covid, it’s tempting to visit the cinema again as some reasonable titles are being released. Plus, there’s always a slight feeling of guilt at failing to support a local business, an ancient cinema which has survived without being part of a chain, yet still manages to charge absurd prices for goodies from the foyer. And this, of course, brings us to Cineworld and the very last sentence of our report in July last year (link), when we mentioned;

For now, we suspect it intends head toward 44p, hopefully failing to break such a level and giving a fairly strong level to rebound from.

On December 13th last year, the price closed the session at 44.13p and we sat back, eating popcorn and waiting for a bounce. Alas, the next day it broke below the critical 44p level, shuffling down to 43.8p briefly in a movement which justified a Spock from Star trek raised eyebrow. This was a small danger sign, something like a little itch in your nose which precedes an enormous sneeze. Just a day later, the sneeze happened with the share price being gapped down to 33p at the open. The market clearly had other ideas for the direction Cineworld were due to take.

 

There are a couple of small points which are perhaps noteworthy. Firstly, there’s the Blue trend line on the chart, a line the share price has being paying close attention to this year. This innocent looking line dates back to 2017, an era when Cineworld traded at 700p. Secondly, when a share price reacts to such a trend, there’s an implication of the potential forces which may become apparent, should the price manage to close a session above Blue. We’re not suggesting any sort of recovery to 700p but experience has taught jumps upward tend be flamboyant, in circumstances where the starting point for a share trend is significantly higher. As Cineworld are currently trading around 1/20th of their high, quite a lot of force could be with it…

To dwell on the current potential downsides, below 33p threatens reversal to 28p next, hopefully with a proper bounce. If broken, our longer term secondary calculates at 17p and “ultimate” bottom, the level below which we run out of numbers. Should the 17p level make a guest appearance, perhaps a Glass Floor shall form as this visual matches prior lows from 2020.

 

Thankfully, there are sufficient reasons for a “However” as above 40p looks capable of triggering recovery to an initial 54p with secondary, if bettered, working out at a longer term 78p. This is an early example of the possibilities for strength, thanks to the price once trading substantially higher. We’ve given a few teasers above this level on the chart below but realistically, we shall prefer revisit if the 78p level ever stars in this lots future.

 

Many thanks to the nice folk who find an advert worthy of visiting on this page. Keeps us in Taylors Lazy Sunday coffee beans!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:26:27PM BRENT 92.47 ‘cess
9:29:02PM GOLD 1821.65 1808 1806 1801 1816 1824 1827 1843 1811 Success
9:30:56PM FTSE 7580.1
9:33:06PM FRANCE 7026.9
9:35:09PM GERMANY 15210 Shambles
9:39:22PM US500 4493.22 4469 4460 4439 4506 4523 4528 4548 4480
9:41:11PM DOW 35141.7
10:06:15PM NASDAQ 14615 Success
10:08:08PM JAPAN 27206

 

7/02/2022 FTSE Closed at 7573 points. Change of 0.76%. Total value traded through LSE was: £ 5,866,179,162 a change of 4.27%
4/02/2022 FTSE Closed at 7516 points. Change of 3.55%. Total value traded through LSE was: £ 5,625,836,746 a change of -14.55%
3/02/2022 FTSE Closed at 7258 points. Change of -4.29%. Total value traded through LSE was: £ 6,584,025,295 a change of 21.45%
2/02/2022 FTSE Closed at 7583 points. Change of 0.64%. Total value traded through LSE was: £ 5,421,060,269 a change of -9.84%
1/02/2022 FTSE Closed at 7535 points. Change of 0.95%. Total value traded through LSE was: £ 6,012,900,236 a change of -1.21%
31/01/2022 FTSE Closed at 7464 points. Change of -0.03%. Total value traded through LSE was: £ 6,086,283,575 a change of -43.89%
28/01/2022 FTSE Closed at 7466 points. Change of -1.16%. Total value traded through LSE was: £ 10,846,360,111 a change of 33.05%

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

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

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

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

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

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

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CBX Cellular Goods** **LSE:ECO ECO (Atlantic) O & G** **LSE:EME Empyrean** **LSE:FOXT Foxtons** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **LSE:STAN Standard Chartered** **LSE:VOD Vodafone** **

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Updated charts published on : Avacta, BALFOUR BEATTY, BP PLC, Cellular Goods, ECO (Atlantic) O & G, Empyrean, Foxtons, Gulf Keystone, HSBC, IQE, Marks and Spencer, Oxford Instruments, Primary Health, Quadrise, Standard Chartered, Vodafone,

LSE:AVCT Avacta Close Mid-Price: 74.5 Percentage Change: -21.78% Day High: 85.5 Day Low: 73.5

This is looking grim as below 73p now risks a visit to 55 with secondary, ……..

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 248.6 Percentage Change: -1.19% Day High: 252.4 Day Low: 246.2

Weakness on BALFOUR BEATTY below 246.2 will invariably lead to 225 with s ……..

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LSE:BP. BP PLC. Close Mid-Price: 408.65 Percentage Change: + 0.68% Day High: 409.45 Day Low: 398

All BP PLC needs are mid-price trades ABOVE 409.45 to improve acceleratio ……..

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LSE:CBX Cellular Goods Close Mid-Price: 5.8 Percentage Change: -0.85% Day High: 5.85 Day Low: 5.65

Weakness on Cellular Goods below 5.65 will invariably lead to 5.50 with s ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 30 Percentage Change: + 7.14% Day High: 30.5 Day Low: 28.25

Target met. Continued trades against ECO with a mid-price ABOVE 30.5 shou ……..

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LSE:EME Empyrean. Close Mid-Price: 7.35 Percentage Change: + 2.08% Day High: 7.6 Day Low: 6.9

Further movement against Empyrean ABOVE 7.6 should improve acceleration t ……..

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LSE:FOXT Foxtons Close Mid-Price: 37.7 Percentage Change: -4.44% Day High: 38.9 Day Low: 36.65

Target met. If Foxtons experiences continued weakness below 36.65, it wil ……..

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LSE:GKP Gulf Keystone Close Mid-Price: 238.5 Percentage Change: -0.21% Day High: 242.5 Day Low: 234.5

Target met. All Gulf Keystone needs are mid-price trades ABOVE 242.5 to i ……..

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LSE:HSBA HSBC. Close Mid-Price: 556.9 Percentage Change: + 2.18% Day High: 557 Day Low: 545.2

Target met. Further movement against HSBC ABOVE 557 should improve accele ……..

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LSE:IQE IQE. Close Mid-Price: 33.85 Percentage Change: + 2.58% Day High: 34.25 Day Low: 32.8

Further movement against IQE ABOVE 34.25 should improve acceleration towa ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 197.5 Percentage Change: -3.09% Day High: 206 Day Low: 198.95

Weakness on Marks and Spencer below 198.95 will invariably lead to 188 wi ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2075 Percentage Change: + 0.48% Day High: 2085 Day Low: 2035

Continued weakness against OXIG taking the price below 2035 calculates as ……..

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LSE:PHP Primary Health Close Mid-Price: 135.4 Percentage Change: -1.46% Day High: 138.7 Day Low: 135.4

In the event Primary Health experiences weakness below 135.4 it calculate ……..

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LSE:QFI Quadrise Close Mid-Price: 1.92 Percentage Change: -7.45% Day High: 2 Day Low: 1.9

Target met. In the event Quadrise experiences weakness below 1.9 it calcu ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 568.4 Percentage Change: + 2.41% Day High: 566.6 Day Low: 553.6

In the event of Standard Chartered enjoying further trades beyond 566.6, ……..

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LSE:VOD Vodafone. Close Mid-Price: 137.4 Percentage Change: + 2.37% Day High: 138.14 Day Low: 134.34

Target met. Further movement against Vodafone ABOVE 138.14 should improve ……..

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