Will Lloyds Bank shares hit 92p?

Lloyds Bank (LSE:LLOY) Of all the trite sayings attributed to the stock market, “The Trend’s Your Friend” is probably the most annoying. Just what is a sodding trend? Is it a line on a chart, if so, what line. Or is it something to do with the share price, in relation to whatever it used to be. Perhaps it’s something to do with the media and their unfortunate habit of assigning “Strong Buy” or “Strong Sell” against a share price!

It’s all important, it’s all nonsense, and it’s all hitting us every day.

Currently, Lloyds Bank presents a perfect ‘case in point’.

 

The big chart from 2012 (below) suggests utter panic, should Lloyds find sufficient excuse to slither below the 24p level, represented by a big Red line. From our perspective, this makes some sense as it produces a picture where Lloyds risks bottoming at 6p or so. In an easy summary, the share price needs half before panic ensues but, to be fair, the way the market works it wouldn’t exactly surprise us if the share dipped below 24p in an opening second movement, triggering a load of stop loss levels and then, produced a miracle bounce anyway. Always remember, the market is in business to make money.

Hey, chart goes here

Then, there’s another trend line, one since the lows of 2020. Presently, this adornment lurks at roughly 42p with the bank share price safely above.

Perhaps we should talk about the 2021 trend, starting from a low of 33p. Currently this ad hoc line lurks at 46p, dangerously close to the current price level of 47p!

“Which sodding trend should be watched?”

From our perspective, focused on numbers, the answer is pretty simple. None of them…

The bank share price needs slink below 44p to force raised eyebrows, this suggesting some weakness has entered calculations with the share trading at lower levels, since the market opted to “gap” the price up in April. Initially we’d be looking for a phoney bounce at 42p before the share found a bottom level at around 39.5p. Absent from this tier of calculations is any form of trend line. Prices go up and down with movement since the pandemic hit tending suggest painting a line on a chart will provide little clue. Instead, it’s worth reviewing historical movements in relation to these calculated target levels, just to see if they make any sort of visual sense. In the case of 39.5p as a potential bounce point, price shuffles in 2021 and again, at the end of 2020, tend suggest it worth paying attention to, if it even appears. Please remember, we are describing a movement scenario, attempting to wrap it up in writing what makes sense! At the very minimum, there is a gap (circled) at 42p, one which the gullible will be inclined to believe another trite market saying;

“Gaps are always covered”

They are not. And if they are, the movement is rarely exact.

Hey, chart goes here

We write about Lloyds share price every three weeks, generally expressing considerable frustration at the lack of movement. For the present, we’re supposed to be interested in a trading range of just of 2p since last time we put pen to paper. This isn’t an encouraging state of affairs but to return again to the circled area on the chart at 42p at the end of April, there’s little doubt the market opted to manipulate the share price higher, above the immediate Blue downtrend. In a normal world, this should provide a pretty solid indication of coming growth, a substantial clue being the market opting to remove the share price from a downtrend.

At this stage, we’d ordinarily be persuading folk to look for “higher highs” but thanks to the gap, the price is already substantially above all the highs before the trend break. As a result, we’re inclined to invent a price level the share absolutely must exceed, if the price intends to break free of its lethargic 18 months. In the case of Lloyds, only above 51.5p shall convince us some solid movement is upon us, calculating with an initial ambition of 56.5p. If exceeded, our longer term secondary comes along at 66p and visually matches the share price highs, pre-Covid. Once this milestone is attained, it shall be worth paying close attention to the point at which the share price actually closes a session. In the event of closure above just 67p, the value enters the land of “Higher Highs” again, providing an astounding 92p as a viable longer term hope.

Many thanks to all the folk who find the adverts Google places on this webpage worthy of a visit. We enjoy the coffee the income buys, along with the odd croissant!

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
1:58:53PM BRENT 76.02 75.15 74.565 73.86 76.08 76.35 76.455 76.89 75.65
2:01:27PM GOLD 1787.88 ‘cess
2:27:20PM FTSE 7128.6 Shambles
2:34:50PM FRANCE 6554.3
2:41:14PM GERMANY 15649 15597 15565.5 15518 15688 15708 15731 15814 15611
2:57:08PM US500 4352.57 Success
2:59:38PM DOW 34798.4 Success
3:04:48PM NASDAQ 14723.85 Success
3:09:50PM JAPAN 28729

 

 

2/07/2021 FTSE Closed at 7123 points. Change of -0.03%. Total value traded through LSE was: £ 4,184,057,082 a change of -10.65%
1/07/2021 FTSE Closed at 7125 points. Change of 1.25%. Total value traded through LSE was: £ 4,682,685,719 a change of -14.48%
30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%
29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%
28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%
25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%
24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%

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:BLOE Block Energy PLC** **LSE:DDDD 4D Pharma** **LSE:ECO ECO (Atlantic) O & G** **LSE:FGP Firstgroup** **LSE:HIK Hikma** **LSE:PMG Parkmead** **LSE:QFI Quadrise** **LSE:VEC Vectura** **

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Updated charts published on : Aviva, Block Energy PLC, 4D Pharma, ECO (Atlantic) O & G, Firstgroup, Hikma, Parkmead, Quadrise, Vectura,

LSE:AV. Aviva. Close Mid-Price: 407.6 Percentage Change: + 0.07% Day High: 412.8 Day Low: 406.9

Below 403 looks slightly problematic, allowing reversal to 392 with second ……..

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LSE:BLOE Block Energy PLC Close Mid-Price: 2.65 Percentage Change: -3.64% Day High: 2.8 Day Low: 2.7

Below 2.6 looks like triggering reversal to an initial 2.2 and hopefully a ……..

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LSE:DDDD 4D Pharma. Close Mid-Price: 96.9 Percentage Change: + 0.00% Day High: 100 Day Low: 95.8

Below 89 suggests issues, permitting reversal to an initial 82 with second ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 28.75 Percentage Change: + 4.55% Day High: 30 Day Low: 27.5

All ECO (Atlantic) O & G needs are mid-price trades ABOVE 30 to improve a ……..

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LSE:FGP Firstgroup Close Mid-Price: 85.4 Percentage Change: -2.29% Day High: 90.15 Day Low: 84.9

Continued trades against FGP with a mid-price ABOVE 90.15 should improve ……..

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LSE:HIK Hikma. Close Mid-Price: 2543 Percentage Change: + 0.12% Day High: 2598 Day Low: 2537

Continued trades against HIK with a mid-price ABOVE 2598 should improve t ……..

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LSE:PMG Parkmead. Close Mid-Price: 51 Percentage Change: + 12.09% Day High: 50 Day Low: 46

Target met. Further movement against Parkmead ABOVE 50 should improve acc ……..

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LSE:QFI Quadrise Close Mid-Price: 3.37 Percentage Change: -3.86% Day High: 3.82 Day Low: 3.33

In the event Quadrise experiences weakness below 3.33 it calculates with ……..

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LSE:VEC Vectura. Close Mid-Price: 136.8 Percentage Change: + 0.29% Day High: 137.4 Day Low: 132.6

If Vectura experiences continued weakness below 132.6, it will invariably ……..

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

Will the FTSE sleep through July?

#FTSE & #FreeFutures As we crawl into what’s traditionally the 2nd quietest month of the year, after August, the FTSE isn’t yet doing much to gather peoples attention. The market opened June at 7022 points, closing the month at 7037 points. The in-between bit experienced a real trading range of just 200 points, discounting two fake opening second market spikes. Long story short, June was about as exciting as waiting for the toaster to pop up. Then realising you’d forgotten to turn it on…

The UK market has been pretty flat since April, movements tending to favour little nudges rather than anything solid. This painful experience suggests not holding out for anything special during the holiday period of July & August. Of course, the UK stock market, always blessed with a sense of humour, is liable to use this period to actually engage in proper movements, favouring a time when actual trades are at low levels. Obviously, this is just a silly theory but it’s based on experience; never, ever, expect the market to do the obvious. Just because the punters install “holiday brain” most emphatically will not require the market to do similar.

Who knows, with so called “Freedom Day” looming later this month, perhaps it shall be used as an excuse for positive movement as the FTSE remains solidly behind most other major markets in its recovery from the Covid-19 low. A couple of straightforward examples come from France & Germany. Had the FTSE (currently 7125 points) matched France, it would presently be 1,000 points higher. Had the FTSE matched Germany, it would be 1,400 points higher.

We’ve been hoping for signs of a surge to the 7550 level but even when something occurs which, in normal markets would be a trigger, the FTSE simply enacts a polite little hop before failing to exceed targets.

Presently trading around 7123 points, the index is supposed to be on track for 7145 points. Given the tiny number of points involved, we’ll opt to take the stance of using this very short term target as a potential trigger level.

Should the index stumble above 7145 points, we can calculate the potential of 7177 points next with secondary, if exceeded, coming along at 7192 points. This secondary has the potential to become quite a big deal, effectively matching the highest level achieved since last years pandemic droop, taking the UK market to the edge of higher highs and hopefully, significant further gains to 7330 points.

 

If things intend go wrong, the FTSE needs trade below 7085, this enjoying the potential of provoking reversals to an initial 7064 points. Should such a level break, our secondary works out at 7031 points and the visuals suggest a bounce should such a level appear.

 

Have a good weekend. Hopefully Formula One shall not again produce another boring race from Austria.

Hey, chart goes here

Many thanks to those who find adverts of sufficient interest to view on this page. Your visits fund our coffee intake!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:34:23PM BRENT 75.56 75.1 74.555 76 76.28 76.8225 75.24 Success
10:38:03PM GOLD 1776.95 1765 1759 1776 1784 1787 1772 Success
10:41:04PM FTSE 7144 7049 7016 7084 7149 7176 7113 ‘cess
10:43:13PM FRANCE 6571 6528 6519 6555 6575 6602.5 6540 ‘cess
10:48:22PM GERMANY 15625 15487 15416 15638 15710 15731.5 15572 Success
10:50:35PM US500 4318 4294 4290 4314 4322 4327 4308 Success
10:53:03PM DOW 34616 34493 34434 34604 34644 34696 34546 ‘cess
10:55:16PM NASDAQ 14553 14477 14442 14577 14616 14639 14508
10:58:26PM JAPAN 28739 28649 28567.5 28730 28797 28845.5 28649
1/07/2021 FTSE Closed at 7125 points. Change of 1.25%. Total value traded through LSE was: £ 4,682,685,719 a change of -14.48%
30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%
29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%
28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%
25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%
24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%
23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%

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:AVCT Avacta** **LSE:EXPN Experian** **LSE:HIK Hikma** **LSE:IHG Intercontinental Hotels Group** **LSE:PHP Primary Health** **LSE:QFI Quadrise** **

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Updated charts published on : Avacta, Experian, Hikma, Intercontinental Hotels Group, Primary Health, Quadrise,

LSE:AVCT Avacta. Close Mid-Price: 185.4 Percentage Change: + 4.98% Day High: 179.5 Day Low: 170.5

Even above 207 should give an early indication of some recovery taking pla ……..

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LSE:EXPN Experian. Close Mid-Price: 2839 Percentage Change: + 1.90% Day High: 2841 Day Low: 2788

Further movement against Experian ABOVE 2841 should improve acceleration ……..

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LSE:HIK Hikma. Close Mid-Price: 2540 Percentage Change: + 3.84% Day High: 2540 Day Low: 2459

All Hikma needs are mid-price trades ABOVE 2540 to improve acceleration t ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4876 Percentage Change: + 1.37% Day High: 4922 Day Low: 4832

This has some surprising potentials, perhaps even truly amazing given the ……..

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LSE:PHP Primary Health. Close Mid-Price: 154.6 Percentage Change: + 0.45% Day High: 155.1 Day Low: 153.9

In the event Primary Health experiences weakness below 153.9 it calculate ……..

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LSE:QFI Quadrise Close Mid-Price: 3.5 Percentage Change: -2.78% Day High: 3.5 Day Low: 3.36

Continued weakness against QFI taking the price below 3.36 calculates as ……..

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

Is Hurricane Energy a multi bagger?

#Gold #DowJones Just over a month ago, we reviewed #Hurricane Energy and, to be honest, didn’t anticipate the share price moving with any great strength without a solid change in circumstance. We even demanded the price exceed 3.5p to force us to “run the numbers” again. A pile of emails, mentioning it closed the end of June at 3.6p, forced us to look at the strength which has taken the share price from 1.25 to 3.6p in such a short period, in the hope we can extrapolate a sensible future.

 

Our inclination (for now) is to establish 4.45p as the next major trigger level. Our reasoning for this comes from above such a level (and incidentally, it’s also the next target on the immediate cycle), the influences acting on Hurricane energy change quite dramatically. We can calculate an initial potential of 5.6p with secondary, if exceeded, at an amazing 12p. The secondary looks almost certain to provide some hesitation, matching a strange period of price movements (circled) from April & May 2020, where the market clearly had some sort of reasoning which it employed to stop the price going up. This suspicion was finally confirmed when the share price was gapped downward below, from our viewpoint, a crucial level as we couldn’t reliably calculate a bottom below 11p.

By every standard, anything which recovers Hurricane Energy share price above 11p shall be significant, implying whatever the market thoughts which provoked the last years shambles, can now be forgotten and some true recovery can commence. It’s a really big deal, one which currently allows us to pencil a price growth template to a surprising 17p.

 

For now, by establishing a trigger at 4.45p, we’re being pretty cautious despite Hurricane experiencing a 28% day at the end of June. Unfortunately, with the UK stock market, blind optimism will often take you to the edge of a cliff.

If everything intends go horribly wrong, the share price now needs trade below 2.25p.

Again, our thanks to the folk who find adverts on this page worth a visit. And thanks for the coffee!

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:17:16PM BRENT 74.62
10:20:09PM GOLD 1770.43 1753 1747 1738 1765 1774 1778 1782 1763
10:27:39PM FTSE 7064
10:43:29PM FRANCE 6529 Success
10:49:26PM GERMANY 15583 Success
10:51:50PM US500 4302 Shambles
10:53:50PM DOW 34551 34344 34290 34197 34455 34569 34658 34835 34452 Success
10:54:18PM NASDAQ 14567 Utterly no idea what it is playing at
10:56:40PM JAPAN 28771 Success

 

30/06/2021 FTSE Closed at 7037 points. Change of -0.71%. Total value traded through LSE was: £ 5,475,559,287 a change of 23.7%
29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%
28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%
25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%
24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%
23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%
22/06/2021 FTSE Closed at 7090 points. Change of 0.4%. Total value traded through LSE was: £ 4,614,657,268 a change of -14.59%

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

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

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

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

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

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

Click Epic to jump to share: LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:ECO ECO (Atlantic) O & G** **LSE:EME Empyrean** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:MRW Morrisons** **LSE:POLY Polymetal** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:TW. Taylor Wimpey** **

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Updated charts published on : Barclays, Barrett Devs, BP PLC, ECO (Atlantic) O & G, Empyrean, Hurrican Energy, British Airways, ITM Power, Marks and Spencer, Morrisons, Polymetal, Rolls Royce, Standard Chartered, Taylor Wimpey,

LSE:BARC Barclays Close Mid-Price: 171.12 Percentage Change: -1.20% Day High: 174.56 Day Low: 169.32

Continued weakness against BARC taking the price below 167 calculates as l ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 695.2 Percentage Change: -1.53% Day High: 708.2 Day Low: 688.2

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LSE:BP. BP PLC Close Mid-Price: 315 Percentage Change: -0.32% Day High: 318.2 Day Low: 311.2

Remaining frustrating, BP still needs above 337 to indicate potential reco ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 29 Percentage Change: + 9.43% Day High: 29 Day Low: 26

Target met. In the event of ECO (Atlantic) O & G enjoying further trades ……..

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LSE:EME Empyrean. Close Mid-Price: 6.98 Percentage Change: + 5.76% Day High: 6.9 Day Low: 6.6

Continued trades against EME with a mid-price ABOVE 6.9 should improve th ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 3.6 Percentage Change: + 28.57% Day High: 3.8 Day Low: 2.75

Target met. Continued trades against HUR with a mid-price ABOVE 3.8 shoul ……..

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LSE:IAG British Airways. Close Mid-Price: 174.22 Percentage Change: + 0.18% Day High: 175.94 Day Low: 167.56

Weakness on British Airways below 167.56 will invariably lead to 153 and ……..

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LSE:ITM ITM Power Close Mid-Price: 455.4 Percentage Change: -7.14% Day High: 495.8 Day Low: 444

Continued trades against ITM with a mid-price ABOVE 495.8 should improve ……..

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LSE:MKS Marks and Spencer Close Mid-Price: 146.45 Percentage Change: -2.11% Day High: 151.25 Day Low: 145.75

If Marks and Spencer experiences continued weakness below 145.75, it will ……..

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LSE:MRW Morrisons. Close Mid-Price: 246.7 Percentage Change: + 4.53% Day High: 251.7 Day Low: 235.2

Target met. Continued trades against MRW with a mid-price ABOVE 251.7 sho ……..

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LSE:POLY Polymetal Close Mid-Price: 1554.5 Percentage Change: -0.51% Day High: 1570.5 Day Low: 1548.5

If Polymetal experiences continued weakness below 1548.5, it will invaria ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 98.92 Percentage Change: + 0.34% Day High: 99.9 Day Low: 94.69

Target met. Weakness on Rolls Royce below 94.69 will invariably lead to 9 ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 461 Percentage Change: + 0.22% Day High: 465 Day Low: 453.3

Continued weakness against STAN taking the price below 453.3 calculates a ……..

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LSE:TW. Taylor Wimpey Close Mid-Price: 158.95 Percentage Change: -2.03% Day High: 163.2 Day Low: 156.9

Target met. Weakness on Taylor Wimpey below 156.9 will invariably lead to ……..

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

Morrison Supermarkets to 525p? TUI too!

#Morrison Supermarkets & #TUI  (LSE:MRW & LSE:TUI) Over the years, a decent moniker is generally coined to encompass a disaster for the markets. The start of the 21st Century heralded “The Tech Crisis”, a few years later we weathered “The Financial Crisis” (not sure if that one is over yet!) and now, what can describe recent events. It’s easy to use the term “The Pandemic” as a catchall but it fails to elaborate on where problems really reside.

From a UK perspective, it’s all about travel, regardless whether you’re a human or a pineapple. Or a hybrid of the two, masquerading as a UK politician… Perhaps this shall become known as “The Year The Earth Stood Still” but invariably, the easiest option will be used and we should just accept the “Covid Crisis”.

 

Supermarkets appear to be developing a quaint custom, rather than admit supply shortages we’re faced with the fruit aisle displaying lovely cardboard photographs of what they don’t have in stock. Whether it’s pictures of exotic fruit or boring oranges, we’ve quickly become used to glancing up a corridor before deciding it’s a waste of time. Elsewhere in the store, a mainstay of cuisine everywhere, the Pot Noodle container, has expanded from its usual humble residence, often enjoying placement from bottom shelf to top shelf to conceal the fact real food is unavailable.

Elsewhere, travel, which used to give humans a taste of maximum holiday flight discomfort, has suffered, airlines, airport, air cargo, all experiencing substantial drops in numbers. The holiday industry where TUI is a giant, is one such example, the company seeing their share price collapse from 18 quid just three years ago. Surprisingly, the price already halved in the period prior to the pandemic, doubtless a prescient gift from the coming Brexit.

 

Current price movements for TUI do not inspire confidence. There’s an immediate threat of weakness below 359 provoking reversal to an initial 343 with secondary, if broken, at 318p and hopefully a proper bounce. The implications below 318p look quite nasty from a bigger picture perspective, as an excursion down to 221p becomes painfully possible.

Slight hope is possible, if the price discovers an excuse to trade above 419p as recovery to an initial 462 calculates as probable with our longer term secondary working out at 525p. Only if the share price actually manages above 525p shall we feel safe in assuming “real” recovery has commenced.

 

Hey, chart goes here

Morrison Supermarkets With speculation over the companies future ownership remaining the silly season story, there appears to be several theories as to whether a bidding war will ensue between private equity firms and even the likes of Amazon for control of the supermarket chain. In an act of kindness, the market opted to gap the share price up by 40p, giving an early clue as to where they regard the base worth of the share in current conditions.

At present, we’re interested in the price potentials should the share price manage above 242p. Such an event looks capable of driving future price growth to an initial 260p with secondary, if exceeded, calculating at 334p. Due to our secondary matching the previous high from 2012, such an ambition makes quite a lot of visual sense.

For everything to go wrong, the market would need gap the share price down below 200p. Such a movement would suggest running for the hills as the implications for the share price are quite dreadful.

 

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:49:41PM BRENT 74.7 ‘cess
9:51:56PM GOLD 1760.84 Success
9:54:22PM FTSE 7087 7061 7046 7021 7090 7099 7105 7119 7071
9:56:18PM FRANCE 6567 6560 6551 6535 6575 6599 6615 6637 6575 Success
9:58:57PM GERMANY 15705 Success
10:01:28PM US500 4294.12 ‘cess
10:03:30PM DOW 34303 Success
10:07:09PM NASDAQ 14594
10:09:31PM JAPAN 28836
29/06/2021 FTSE Closed at 7087 points. Change of 0.21%. Total value traded through LSE was: £ 4,426,489,456 a change of -5.63%
28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%
25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%
24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%
23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%
22/06/2021 FTSE Closed at 7090 points. Change of 0.4%. Total value traded through LSE was: £ 4,614,657,268 a change of -14.59%
21/06/2021 FTSE Closed at 7062 points. Change of 0.64%. Total value traded through LSE was: £ 5,402,713,223 a change of -54.05%

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:EME Empyrean** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:OXIG Oxford Instruments** **LSE:POLY Polymetal** **LSE:RBD Reabold Resources PLC** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **

********

Updated charts published on : Empyrean, EasyJet, Fresnillo, Genel, HSBC, British Airways, ITM Power, Oxford Instruments, Polymetal, Reabold Resources PLC, Rolls Royce, Spirax,

LSE:EME Empyrean. Close Mid-Price: 6.6 Percentage Change: + 1.54% Day High: 6.6 Day Low: 6.4

All Empyrean needs are mid-price trades ABOVE 6.6 to improve acceleration ……..

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LSE:EZJ EasyJet Close Mid-Price: 892.4 Percentage Change: -0.80% Day High: 914.8 Day Low: 875.2

Target met. In the event EasyJet experiences weakness below 875.2 it calc ……..

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LSE:FRES Fresnillo Close Mid-Price: 786.4 Percentage Change: -1.82% Day High: 800 Day Low: 783.4

In the event Fresnillo experiences weakness below 783.4 it calculates wit ……..

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LSE:GENL Genel Close Mid-Price: 152.2 Percentage Change: -0.39% Day High: 154.6 Day Low: 150.6

This has issues as below 145 now threatens reversal to an initial 120 with ……..

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LSE:HSBA HSBC. Close Mid-Price: 421.3 Percentage Change: + 0.21% Day High: 424.55 Day Low: 419.4

Impressing no-one, this needs above 462 to now indicate an initial 569 wit ……..

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LSE:IAG British Airways Close Mid-Price: 173.9 Percentage Change: -1.42% Day High: 179.14 Day Low: 171.86

If British Airways experiences continued weakness below 171.86, it will ……..

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LSE:ITM ITM Power. Close Mid-Price: 490.4 Percentage Change: + 7.17% Day High: 492 Day Low: 459.4

Target met. All ITM Power needs are mid-price trades ABOVE 492 to improve ……..

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LSE:OXIG Oxford Instruments. Close Mid-Price: 2355 Percentage Change: + 1.07% Day High: 2405 Day Low: 2355

Further movement against Oxford Instruments ABOVE 2405 should improve acc ……..

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LSE:POLY Polymetal Close Mid-Price: 1562.5 Percentage Change: -3.25% Day High: 1620 Day Low: 1565.5

This is becoming a bit of a problem with weakness below 1565 indicating th ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.46 Percentage Change: -11.65% Day High: 0.53 Day Low: 0.42

Weakness on Reabold Resources PLC below 0.42 will invariably lead to 0.38 ……..

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LSE:RR. Rolls Royce Close Mid-Price: 98.58 Percentage Change: -1.91% Day High: 103.1 Day Low: 98.04

Continued weakness against RR. taking the price below 98.04 calculates as ……..

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LSE:SPX Spirax. Close Mid-Price: 13745 Percentage Change: + 0.55% Day High: 13815 Day Low: 13675

Further movement against Spirax ABOVE 13815 should improve acceleration t ……..

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

Will 88 Energy hit 7.8p?

#Gold #S500 It’s a bit surprising how a company focussed on a single US state – in this instance, Alaska – can be described as a global operation. Their portfolio for exploration and oil recovery is entirely based in North America. But their headquarters, obviously, can be found in  Australia, also with a listing on the Australia exchange. And completing their 3 continent reach, 88Energy are also traded on the UK AIM market.

With Discovery TV focussing on Gold recovery in Alaska with programs such as Gold Rush & the (sometimes) excellent Bering Sea Gold, it has been easy for this casual observer to forget oil extraction plays such a massive part of Alaskan fortunes. We were a little surprised at visiting 88 Energy website, intending to review their recent media news and discovering the most recent update has been from December 2019. Thankfully the company twitter account – @88EnergyLtd – proved somewhat more vibrant with regular updates pointing at their stock market releases.

 

Before we dive into a pretty optimistic analysis for the future, there’s a small detail worth remembering. We cannot calculate a bottom for 88 Energy share price but some considerable hope remains possible, thanks to the share hitting 0.21p last year and no lower. Perhaps this illustrated the level of pain the market intended inflict on investors, some doubtless present since the share traded above 45p in 2012.

 

Currently, we’ve two distinct tales to tell, one which effects the near term, surprisingly dovetailing into some useful Big Picture potentials.

Near term, movement above 1.6p calculates with the potential of some price recovery to a fairly tame 2.04p. If exceeded, our secondary calculates at a slightly more sanguine 2.6p. It’s the 2.6p level which provides excuse for longer term interest as, should the share price trade beyond such a level, some quite surprising numbers start to become available. Essentially, for our perspective, the price moves into a cycle where Bigger Picture influences start to play a role, suggesting 5.5p shall be possible as a target for those blessed with patience. If bettered, our secondary calculates at 7.8. If opting to embrace sanity, waiting until the price actually closes a session above the Blue downtrend makes some considerable sense, despite us being unable to ignore the harsh reality of being unable to calculate above 2.6p without applying movement influences from a period when the share price was really quite respectable.

Hey, chart goes here

Finally, many thanks to those who find adverts on this page sufficiently interesting to visit. You’re keeping us in coffee!

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:50:41PM BRENT 74.15
9:59:42PM GOLD 1778 1770 1766.5 1760 1780 1785 1788 1794 1776
10:01:50PM FTSE 7084 ‘cess
10:11:36PM FRANCE 6566 Success
10:15:49PM GERMANY 15576
10:17:24PM US500 4290 4273 4266 4258 4286 4292 4296 4303 4280
10:19:41PM DOW 34323
10:23:25PM NASDAQ 14515 Success
10:25:41PM JAPAN 28931 ‘cess
28/06/2021 FTSE Closed at 7072 points. Change of -0.9%. Total value traded through LSE was: £ 4,690,740,791 a change of -4.03%
25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%
24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%
23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%
22/06/2021 FTSE Closed at 7090 points. Change of 0.4%. Total value traded through LSE was: £ 4,614,657,268 a change of -14.59%
21/06/2021 FTSE Closed at 7062 points. Change of 0.64%. Total value traded through LSE was: £ 5,402,713,223 a change of -54.05%
18/06/2021 FTSE Closed at 7017 points. Change of -1.9%. Total value traded through LSE was: £ 11,756,764,970 a change of 103.69%

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:ECO ECO (Atlantic) O & G** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:OPG OPG Power Ventures** **LSE:QFI Quadrise** **LSE:RBD Reabold Resources PLC** **LSE:STAN Standard Chartered** **LSE:VEC Vectura** **

********

Updated charts published on : ECO (Atlantic) O & G, EasyJet, Fresnillo, Hurrican Energy, British Airways, IG Group, ITM Power, OPG Power Ventures, Quadrise, Reabold Resources PLC, Standard Chartered, Vectura,

LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 26 Percentage Change: + 13.04% Day High: 26.25 Day Low: 23.75

Further movement against ECO (Atlantic) O & G ABOVE 26.25 should improve ……..

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LSE:EZJ EasyJet Close Mid-Price: 899.6 Percentage Change: -5.80% Day High: 953.4 Day Low: 900

Weakness on EasyJet below 900 will invariably lead to 877 with secondary ……..

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LSE:FRES Fresnillo Close Mid-Price: 801 Percentage Change: -0.67% Day High: 813.8 Day Low: 799.8

If Fresnillo experiences continued weakness below 799.8, it will invariab ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 2.8 Percentage Change: + 29.33% Day High: 2.9 Day Low: 1.96

Target met. In the event of Hurrican Energy enjoying further trades beyon ……..

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LSE:IAG British Airways Close Mid-Price: 176.4 Percentage Change: -5.91% Day High: 188.3 Day Low: 176.06

In the event British Airways experiences weakness below 176.06 it calcul ……..

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LSE:IGG IG Group Close Mid-Price: 835 Percentage Change: -0.42% Day High: 841 Day Low: 833

If IG Group experiences continued weakness below 833, it will invariably ……..

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LSE:ITM ITM Power. Close Mid-Price: 457.6 Percentage Change: + 5.20% Day High: 465.8 Day Low: 430.4

In the event of ITM Power enjoying further trades beyond 465.8, the share ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 14.45 Percentage Change: + 8.04% Day High: 14.12 Day Low: 12.75

Weakness on OPG Power Ventures below 12.75 will invariably lead to 12.5 w ……..

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LSE:QFI Quadrise Close Mid-Price: 3.56 Percentage Change: -7.53% Day High: 3.97 Day Low: 3.39

Weakness on Quadrise below 3.39 will invariably lead to 3.2 with secondar ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.52 Percentage Change: -3.74% Day High: 0.54 Day Low: 0.52

Continued weakness against RBD taking the price below 0.52 calculates as ……..

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LSE:STAN Standard Chartered Close Mid-Price: 460.4 Percentage Change: -1.88% Day High: 469.3 Day Low: 459.7

Weakness on Standard Chartered below 459.7 will invariably lead to 415 wi ……..

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LSE:VEC Vectura Close Mid-Price: 136.2 Percentage Change: -0.15% Day High: 137.6 Day Low: 136

Making unwelcome price movements, now below 135.5 looks capable of reversa ……..

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

Natwest Group Plc share price optimism?

#Brent #Dax Habit demands a Google search for recent mention of #Natwest, prior to producing a report., just in case a new scandal has been missed. The effort, unfortunately, is usually justified but for a change, the results for the last few weeks fail to highlight anything new. Instead, nothing shocking appeared for Natwest and the most vitriolic headlines appear devoted to the subject of an obscure branch closure in an obscure village.

Even prior to Covid-19, visiting a bank branch was always an experience best avoided anyway. There are few things more annoying than standing in a queue while the realisation dawns; “I could have done this on-line or even at an ATM!”

 

For Natwest, despite the share price doing very little since April, we’re inclined to take a big step back, with a Big Picture stance on the share price future. The price, presently trading around 208p, needs close a session above 220p to convince us the future has begun. This should prove capable of triggering a longer term cycle to an initial 250p with our long term secondary, if exceeded, calculating at a surprising 365p. Our surprise at such an ambition comes, due to the price target being matched by a series of movements back in 2015 (circled). This tends hint, quite firmly, the retail bank share price shall enjoy some hesitation, should 365p ever deign to make a guest appearance.

 

If Natwest intends generate panic, the share price now requires to slink below 184p. Such a disaster calculates with the risk of reversal to an initial 167p with secondary, if broken, working out at 131p and hopefully a bounce. Visually, this scenario “feels” unlikely, thanks to the immediate Red uptrend being broken twice in the last year, each break proving false with the price reclaiming the trend within a couple of sessions.

 

Similar to standing in a queue at a bank branch, it starts to appear patience shall prove the best weapon, when dealing with Natwest.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
5:15:37PM BRENT 75.42 73.91 73.59 72.95 74.9 75.51 75.705 76.18 74.76 ‘cess
5:18:05PM GOLD 1781.75
5:19:58PM FTSE 7151.06
5:22:31PM FRANCE 6627
5:24:30PM GERMANY 15605 15530 15507.5 15465 15583 15635 15653 15694 15594
6:11:04PM US500 4280 ‘cess
6:14:12PM DOW 34447 ‘cess
6:16:19PM NASDAQ 14348
8:39:45PM JAPAN 29028
25/06/2021 FTSE Closed at 7136 points. Change of 0.38%. Total value traded through LSE was: £ 4,887,856,351 a change of -13.99%
24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%
23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%
22/06/2021 FTSE Closed at 7090 points. Change of 0.4%. Total value traded through LSE was: £ 4,614,657,268 a change of -14.59%
21/06/2021 FTSE Closed at 7062 points. Change of 0.64%. Total value traded through LSE was: £ 5,402,713,223 a change of -54.05%
18/06/2021 FTSE Closed at 7017 points. Change of -1.9%. Total value traded through LSE was: £ 11,756,764,970 a change of 103.69%
17/06/2021 FTSE Closed at 7153 points. Change of -0.43%. Total value traded through LSE was: £ 5,772,023,987 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:BDEV Barrett Devs** **LSE:EME Empyrean** **LSE:FRES Fresnillo** **LSE:HUR Hurrican Energy** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:OPG OPG Power Ventures** **LSE:RBD Reabold Resources PLC** **LSE:SPX Spirax** **

********

Updated charts published on : Barrett Devs, Empyrean, Fresnillo, Hurrican Energy, IG Group, ITM Power, Intertek, OPG Power Ventures, Reabold Resources PLC, Spirax,

LSE:BDEV Barrett Devs Close Mid-Price: 702.2 Percentage Change: -0.09% Day High: 707.2 Day Low: 690.8

Target met. Continued weakness against BDEV taking the price below 690.8 ……..

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LSE:EME Empyrean. Close Mid-Price: 6.25 Percentage Change: + 0.81% Day High: 6.35 Day Low: 6.25

Near term, above 6.35 suggests coming recovery to an initial 7p. If better ……..

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LSE:FRES Fresnillo Close Mid-Price: 806.4 Percentage Change: -0.12% Day High: 812 Day Low: 801.8

Weakness on Fresnillo below 801.8 will invariably lead to 758 with second ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 2.17 Percentage Change: + 27.35% Day High: 2.35 Day Low: 1.62

All Hurrican Energy needs are mid-price trades ABOVE 2.35 to improve acce ……..

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LSE:IGG IG Group Close Mid-Price: 838.5 Percentage Change: -0.06% Day High: 841 Day Low: 828.5

In the event IG Group experiences weakness below 828.5 it calculates with ……..

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LSE:ITM ITM Power. Close Mid-Price: 435 Percentage Change: + 7.67% Day High: 439.6 Day Low: 396.2

Further movement against ITM Power ABOVE 439.6 should improve acceleratio ……..

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LSE:ITRK Intertek Close Mid-Price: 5566 Percentage Change: -0.46% Day High: 5644 Day Low: 5518

In the event of Intertek enjoying further trades beyond 5644, the share s ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 13.38 Percentage Change: -5.31% Day High: 13.88 Day Low: 13.38

In the event OPG Power Ventures experiences weakness below 13.38 it calcu ……..

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LSE:RBD Reabold Resources PLC Close Mid-Price: 0.54 Percentage Change: -3.60% Day High: 0.56 Day Low: 0.54

If Reabold Resources PLC experiences continued weakness below 0.54, it wi ……..

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LSE:SPX Spirax. Close Mid-Price: 13605 Percentage Change: + 0.48% Day High: 13620 Day Low: 13505

All Spirax needs are mid-price trades ABOVE 13620 to improve acceleration ……..

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

Free Futures Friday! And Helium One Global too.

#FTSE #DAX Doubtless similar to many married couples, when the partners birthday sneaks into your consciousness just after midnight, a panic early morning visit to the local petrol station is required for emergency birthday card and flowers. And so Thursday began, only instead of petrol station fodder, a drive to the nearest town was deemed a good idea as the evidence of forgetting the birthday (again) would be less obvious.  After all, no-one would drive 20 miles, just to pretend you’d a clear conscience.

This, neatly, brings us to Helium One and their share price!

Buying a birthday balloon was something which hadn’t been done previously and the potential for fun with a bunch of helium balloons hadn’t been considered. Apparently around 8% of helium use is for balloons, the gas enjoying a wide range of applications. Needless to say, neither the balloons or “proper” birthday card proved sufficient, the inevitable “You forgot, didn’t you. Why can’t you be more organised” was waiting on my return home.

As for Helium One, I suspect the purchase of my emergency balloons didn’t provoke the share being one of the more active on Thursday in the UK stock market but when an email asked our thoughts of the share price, the coincidence couldn’t be ignored.

 

Despite never having given a moments thought to where helium is sourced, it transpires the worlds largest reserve of helium was in the US, located in Amarillo, Texas, an area made famous by an annoying novelty song. This reserve is now close to exhausted and further sources are being sought. Of course, this is where Helium One enter the picture with their reserves in Tanzania, now regarded as the largest known primary helium resource in the world.

Listed on the AIM relatively recently, their share price is now looking quite vibrant, on the edge of becoming seriously interesting for the longer term. The issue is fairly simple. Above 25p now looks capable of a price rise to an initial 27.4p. If bettered, our secondary calculates at 29p.

While the share is presently trading around 24.5p, there’s something of special interest about these relatively tame target levels. We cannot calculate above 29p and of course, this does not for a moment mean the price cannot go higher. If the share price successfully exceeds 29p, the sky is the limit for the longer term. The share price simply does not have sufficient history to feed our software with a pile of trading data.

Visually, we’re pretty optimistic about this one. The price would need fall below 11.5p to provoke true alarm.

Hey, chart goes here

FTSE for FRIDAY (FTSE:UKX) Where do we start? Thursday proved somewhat insipid, the UK market flailing around in a 20 point range for the morning session. At 12 noon, a miracle occurred, the FTSE moving up by a further 20 points, then doing very little thereafter. If there was ever a day when the market appeared at a loss for what to do, Thursday described it nicely. Once upon a time, we looked forward to Thursdays as the thrill of shares going ‘ex-dividend’ often provoked surprises but for now, it’s just a little boring.

After so saying, the FTSE did manage to close the session is fairly hopeful territory for the near future. Moves above 7124 points suggest a visit to 7167 can be anticipated. This is a pretty tame target level but our secondary, should 7167 be exceeded, is rather more interesting, calculating at 7228 points. The lethargic pace of the UK market suggests not holding ones breath, if hoping for it to appear with a single session.

If triggered, the tightest stop looks like 7085 points.

 

Our alternate, converse scenario requires the FTSE to slump below 7070 to be taken seriously, threatening reversal to an initial 7027 points. If broken, our longer term secondary calculates down at 6969 points.

Once again, our thanks to those who find adverts on this page sufficiently interesting to visit. It keeps the coffee flowing!

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:53:01PM BRENT 74.94 73.89 73.5 74.74 75.15 75.41 74.44 ‘cess
10:55:27PM GOLD 1775.31 1773 1768 1780 1788 1793 1776
10:57:27PM FTSE 7122 7075 7058 7105 7130 7164 7076
11:00:12PM FRANCE 6635 6608 6601.5 6632 6642 6653 6608
11:02:14PM GERMANY 15605 15474 15441 15568 15618 15668 15571
11:04:25PM US500 4269.52 4247 4242 4258 4273 4279 4257 ‘cess
11:07:03PM DOW 34308 33935 33826 34092 34333 34436 34086 ‘cess
11:09:59PM NASDAQ 14367 14303 14285 14395 14429 14445.5 14372 ‘cess
11:12:51PM JAPAN 29057 28818 28736.5 28930 29134 29193 28916 ‘cess
24/06/2021 FTSE Closed at 7109 points. Change of 0.49%. Total value traded through LSE was: £ 5,682,704,264 a change of 17.41%
23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%
22/06/2021 FTSE Closed at 7090 points. Change of 0.4%. Total value traded through LSE was: £ 4,614,657,268 a change of -14.59%
21/06/2021 FTSE Closed at 7062 points. Change of 0.64%. Total value traded through LSE was: £ 5,402,713,223 a change of -54.05%
18/06/2021 FTSE Closed at 7017 points. Change of -1.9%. Total value traded through LSE was: £ 11,756,764,970 a change of 103.69%
17/06/2021 FTSE Closed at 7153 points. Change of -0.43%. Total value traded through LSE was: £ 5,772,023,987 a change of -2.72%
16/06/2021 FTSE Closed at 7184 points. Change of 0.17%. Total value traded through LSE was: £ 5,933,708,307 a change of 0.36%

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

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

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

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

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

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

Click Epic to jump to share: LSE:ASC Asos** **LSE:CEY Centamin** **LSE:HUR Hurrican Energy** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:STAN Standard Chartered** **LSE:VOG VICTORIA** **

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Updated charts published on : Asos, Centamin, Hurrican Energy, Oxford Instruments, Primary Health, Standard Chartered, VICTORIA,

LSE:ASC Asos. Close Mid-Price: 4755 Percentage Change: + 0.63% Day High: 4756 Day Low: 4581

Continued weakness against ASC taking the price below 4581 calculates as ……..

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LSE:CEY Centamin Close Mid-Price: 106.4 Percentage Change: -0.47% Day High: 107.45 Day Low: 105.45

It looks very like weakness below 100p shall drive this back to an initial ……..

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LSE:HUR Hurrican Energy. Close Mid-Price: 1.7 Percentage Change: + 2.97% Day High: 1.87 Day Low: 1.51

Further movement against Hurrican Energy ABOVE 1.87 should improve accele ……..

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LSE:OXIG Oxford Instruments Close Mid-Price: 2310 Percentage Change: -1.49% Day High: 2360 Day Low: 2275

Target met. All Oxford Instruments needs are mid-price trades ABOVE 2360 ……..

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LSE:PHP Primary Health Close Mid-Price: 154.5 Percentage Change: -1.15% Day High: 156.9 Day Low: 154.6

Weakness below 154 looks capable of heading to 150.5 initially. If broken, ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 465.1 Percentage Change: + 0.41% Day High: 468.9 Day Low: 461.8

In the event Standard Chartered experiences weakness below 461.8 it calcu ……..

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LSE:VOG VICTORIA Close Mid-Price: 5.5 Percentage Change: -4.35% Day High: 5.75 Day Low: 5.5

Pretending to be interested, while it pretends to move, is a frustrating e ……..

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