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Our famous FTSE for FRIDAY (FTSE:UKX) Priced around 10,725 at time of writing.

Thursday proved to be a day of chaos, mostly caused by people more interested in believing their own nonsense, along with stupidity from the UK media! Our problems started with a TXT message from our energy supplier, warning of the risk of power cuts due to impending strong winds. Glancing at the weather .APP on the phone gave a further apocalyptic warning of YELLOW rain making driving dangerous. Unfortunately, as someone with an important dental appointment on the mainland, the journey was now looking quite spicy and the option of taking the passenger ferry was ruled out for the day. But heading to the car ferry had its own set of problems, the route liable to be overwhelmed with traffic. In poor weather, the passenger ferry is immediately cancelled  and generally the ferry company makes no provision for displaced passengers. After all, if the passenger ferry isn’t running, there are no passengers to care about. At least if the car ferry goes off, you can nap in a dry car or head to a hotel, should the climate show no promise of improvement.

Long story short, leaving the house as early as possible ensured ‘accidentally’ arriving an hour early for the dental appointment, a 5 minute exercise to adjust the fitting of a bridge. The wonderful dentist obliged, doing a quick bit of wizardry and kicked me out. And so, returning to Argyll on the 3pm car ferry, I was able to press the magic button on the VW Eos and retract the hard top roof. It was a brilliant Blue Sky afternoon, not a cloud anywhere, and the temperature was 12.6c. To be honest, opening the car roof was a matter of principle, probably designed to further inflame my fury at the folk who think delivering fear is the correct way to supply news or weather. And worse, for Argyll, they proved utterly wrong.

Even sitting watching TV this evening, a couple of charity adverts further enforced our view of the idiocy driving the media. There was one for the British Heart Foundation designed to make the viewer fear imminent cardiac problems, another for a Cancer charity again designed to make the viewer believe “they could be next”. But better care can be delivered, if you’d just call this number. Perhaps folk need reminded of the Aesop fable about the Boy who cried Wolf. This shows how liars are rewarded: because even if they start telling the truth, no one believes them. This, unfortunately, is already the case with most printed media, along with broadcast news. Except for the Financial Times, still the UK’s mostly reliable news source.

As for the FTSE, it also seems to be still working on the basis a calamity is due. It’s slightly amusing to note the forces affecting oil prices changed last weekend, a group called The Houthis taking a turn to provide some further excuse for price disruption. Obviously, things are a bit confusing now but we shall not be surprised if the USA does something this coming weekend, perhaps an effort to reduce oil prices due to mid-term elections coming up in a few weeks?

From a fairly near term perspective, the FTSE has some reversal potentials. Currently, below 10659 threatens to trigger reversal down to an initial 10556 with our secondary, if broken, at 10445 points. We are now being reminded by our software this secondary risks being too ambitious as a bounce around 10495 is allegedly possible. Visually such a number makes little sense but this scenario has a reasonable overall Stop Loss figure at 10710 points.

In the event the stock market intends follow the lessons given by “Storm Austen” and instead provide a great day, our inclination is to regard movement above 10775 points as capable of triggering a rise to an initial 10871 points with our secondary, if beaten, at 10933 points. This, once again, would take the UK index into a zone where closure above 10908 points again becomes possible, potentially triggering a great end to the year… We can hope.

Have a good weekend, enjoy the Texas Grand Prix, sometimes a pretty good race.

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:15:01PM BRENT 10851 10752 10679 10899 11015 11075 10919 ‘cess
10:17:55PM GOLD 4023.11 4020 4006 4065 4102 4122 4059 Success
10:19:56PM FTSE 10734.5 10667 10637 10720 10759 10772 10710 ‘cess
10:22:02PM STOX50 6093 6076 6070 6104 6140 6168 6105 ‘cess
10:24:18PM GERMANY 25371.6 25316 25224 25411 25565 25660 25405
10:33:34PM US500 7663.3 7636 7623 7684 7702 7729 7663 Success
10:36:10PM DOW 52879.1 52441 52246 52605 52925 52967 52672
10:38:49PM NASDAQ 28916.8 28856 28588 29065 29410 29612 29260 Success
10:42:02PM JAPAN 62205 62205 61904 62428 63442 63913 63024 Success

 

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

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

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

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

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

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

Click Epic to jump to share: LSE:BARC Barclays** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:EXPN Experian** **LSE:FGP Firstgroup** **LSE:IGG IG Group** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:SDY Speedyhire** **

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Updated charts published on : Barclays, BP PLC, British Telecom, Experian, Firstgroup, IG Group, ITM Power, National Glib, Speedyhire,

LSE:BARC Barclays. Close Mid-Price: 409.45 Percentage Change: + 0.00% Day High: 423.3 Day Low: 407.7

Managing to get the share price BELOW 407.7 is the next problem level for ……..

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LSE:BP. BP PLC. Close Mid-Price: 611.9 Percentage Change: + 0.00% Day High: 626.1 Day Low: 611.9

In the event of BP PLC enjoying further trades beyond 626.1, the share sh ……..

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LSE:BT.A British Telecom. Close Mid-Price: 211.7 Percentage Change: + 0.00% Day High: 213.2 Day Low: 206.9

Target met. All British Telecom needs are mid-price trades ABOVE 213.2 to ……..

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LSE:EXPN Experian. Close Mid-Price: 3084 Percentage Change: + 0.00% Day High: 3084 Day Low: 2981

In the event of EXPN share price managing to exceed 3084 (please, not an ……..

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LSE:FGP Firstgroup. Close Mid-Price: 213.8 Percentage Change: + 0.00% Day High: 213.8 Day Low: 206.6

Continued trades against FGP with a mid-price ABOVE 213.8 should improve ……..

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LSE:IGG IG Group. Close Mid-Price: 964.5 Percentage Change: + 0.00% Day High: 972 Day Low: 919.5

Managing to get the share price BELOW 919.5 is the next problem level for ……..

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LSE:ITM ITM Power. Close Mid-Price: 80.7 Percentage Change: + 0.00% Day High: 86.3 Day Low: 80.7

Target met. Managing to get the share price BELOW 80.7 is the next proble ……..

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LSE:NG. National Glib. Close Mid-Price: 1224 Percentage Change: + 0.00% Day High: 1224 Day Low: 1199

All National Glib needs are mid-price trades ABOVE 1224 to improve accele ……..

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LSE:SDY Speedyhire. Close Mid-Price: 12.94 Percentage Change: + 0.00% Day High: 13.22 Day Low: 12.86

Managing to get the share price BELOW 0 is the next problem level for SDY ……..

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Ithaca Energy Plc (LSE:ITH) Priced around 294 at time of writing.

Ithaca Energy Plc (LSE:ITH) Priced around 294 at time of writing.

It appears possible the UK Government could make a substantial dent in funds, if they’d simply install a “False Statement” jar, something akin to a swear jar. After years of claiming their “green” attitude to North Sea oil didn’t really matter as the UK’s (claimed as rapidly diminishing) reserves had no effect on energy security, their song has changed lyrics. Now, approving the Jackdaw field has been declared essential for Energy Security in the UK, causing ‘green biased’ politicians to scream louder than at any attempt to reduce their private jet use… The entire nation feels their pain at globetrotting to visit environmental conferences in exotic location with 5 star venues.

The next major decision is the Rosebank field with Ithaca Energy making it clear they shall reduce UK investment, if the Government adheres to green dogma by further delaying approval for Ithaca to commence oil extraction. With the Jackdaw field now approved, there’s certainly good reason to hope Rosebank shall make its way into production, though ‘obviously’ do nothing for UK energy security if previous political statements from the folk claiming Net Zero is important were truthful.

There is certainly something attractive about a ‘Politician Jar’, magnitudes better than a ‘Swear Jar’ as it would allow folk at Westminster to contribute for the good of the nation! It can be safely assumed we still hold politicians in higher regard than sewage.

Ithaca’s share price movements this year are proving promising, recent higher highs giving a reasonable amount of hope for the longer term. It’s now the case where movement above 308p should next trigger further growth to an initial 323p with our secondary, if bettered, at a future 360p. Of course, in current market conditions, there’s a fair chance any rise shall stumble around 345p, simply due to the markets not behaving with full commitment.

In the unlikely visual event of Ithaca Energy share price misbehaving, the share price needs drill below 265 (Red) as this risks promoting reversal to an initial 238p with our secondary, if broken, at 226p and a strong potential for a bounce. But should such a level be broken, we can unfortunately calculate a third drop level at 167p, along with a convincing argument as a bottom.

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:08:43PM BRENT 10657.6
10:10:58PM GOLD 4139.91 4105 4091 4070 4125 4142 4158 4176 4120
10:13:07PM FTSE 10723.8
10:15:54PM STOX50 6192.3 Success
10:18:36PM GERMANY 25594 Success
10:27:14PM US500 7758.6 ‘cess
10:30:18PM DOW 52890.1
10:32:56PM NASDAQ 29836.4
10:35:52PM JAPAN 64908 64279 63816 63299 64740 65285 65687 66510 64918

 

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:FGP Firstgroup** **LSE:IGG IG Group** **LSE:SAGA SAGA Plc** **LSE:SDY Speedyhire** **

********

Updated charts published on : Firstgroup, IG Group, SAGA Plc, Speedyhire,

LSE:FGP Firstgroup. Close Mid-Price: 211.6 Percentage Change: + 0.00% Day High: 211.6 Day Low: 208

Simply managing to get the share price above 211.6 is the next hurdle for ……..

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LSE:IGG IG Group. Close Mid-Price: 931 Percentage Change: + 0.00% Day High: 944 Day Low: 925.5

If the share price of IG Group manages to move BELOW 925.5, initial DOWN ……..

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LSE:SAGA SAGA Plc. Close Mid-Price: 818 Percentage Change: + 0.00% Day High: 818 Day Low: 802

In the event of SAGA share price managing to exceed 818 (please, not an i ……..

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LSE:SDY Speedyhire. Close Mid-Price: 13.3 Percentage Change: + 0.00% Day High: 13.52 Day Low: 13.14

If Speedyhire intends to relax, the price needs to get below 13.14 (but i ……..

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Orosur Mining Inc (LSE:OMI) Price around 13.25 at time of writing.

Headquartered in Canada, this South American focussed mineral exploration company is listed on both the Toronto exchange and the UK AIM exchange. They describe themselves as a Global Minerals Development company but seem to be mainly working in Argentina and Columbia. Unfortunately, we’d forgotten all about them but as the company featured in our emails recently, they were deemed worth a glance in the hope we can make some sense of their share price movements.

To cut to the chase, our software has calculated 16.9p as a potentially reliable level, exceeding such should apparently trigger share price gains to an initial astounding 30p. Our secondary, should such a level be exceeded, works out at a longer term 36p and the opportunity for the share price to close above a downtrend which dates back to 2007. On an AIM share, we are extremely sceptical of such long trend lines, especially in this instance as a “breakout” above Blue will suggest a long term 100p is exerting an attraction. Who knows, perhaps they shall dig up a flock of geese which lay golden eggs!

Our alternate scenario and one which feels likely, suggests weakness below 12.75 could bring a sharp dose of trouble, calculating with an initial drop target down at 7.9p with our longer term secondary, if broken, working out at a ridiculous looking 1.6p.

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:10:24PM BRENT 10631.5 ‘cess
10:12:35PM FTSE 100 10761.8
10:16:24PM GOLD 4123.81 4111 4097 4063 4128 4154 4162 4179 4130 ‘cess
10:35:08PM STOX50 6158 6070 6045 6006 6102 6161 6178 6214 6133 Shambles
10:37:23PM GERMANY 25473.2 Shambles
10:39:23PM US500 7742.4 ‘cess
11:00:05PM DOW 52619.6
11:02:29PM NASDAQ 29772.8 ‘cess
11:13:42PM JAPAN 65302 Success

 

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:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:OCDO Ocado Plc** **LSE:SAGA SAGA Plc** **LSE:TSCO Tesco** **

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Updated charts published on : Barclays, Firstgroup, Gulf Keystone, Greggs, British Airways, IQE, ITM Power, Marks and Spencer, Ocado Plc, SAGA Plc, Tesco,

LSE:BARC Barclays. Close Mid-Price: 418.85 Percentage Change: + 0.00% Day High: 419.85 Day Low: 408.15

Target met. Weakness on Barclays below 408.15 will invariably lead to 395 ……..

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LSE:FGP Firstgroup. Close Mid-Price: 208.4 Percentage Change: + 0.00% Day High: 210.6 Day Low: 203

Target met. If the price of Firstgroup manages to move ABOVE 210.6, initi ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 204 Percentage Change: + 0.00% Day High: 232.5 Day Low: 194

Target met. In the event of GKP share price managing to exceed 232.5 (ple ……..

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LSE:GRG Greggs. Close Mid-Price: 2300 Percentage Change: + 0.00% Day High: 2354 Day Low: 2296

The next task for Greggs is to get the price above 2354 (not with a fake ……..

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LSE:IAG British Airways. Close Mid-Price: 414.6 Percentage Change: + 0.00% Day High: 424.1 Day Low: 402.3

In the event British Airways experiences weakness below 402.3 it calcula ……..

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LSE:IQE IQE. Close Mid-Price: 39.35 Percentage Change: + 0.00% Day High: 39.6 Day Low: 36.75

Managing to get the share price BELOW 36.75 is the next problem level for ……..

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LSE:ITM ITM Power. Close Mid-Price: 86 Percentage Change: + 0.00% Day High: 88.55 Day Low: 82.7

If the share price of ITM Power manages to move BELOW 82.7, initial DOWN ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 420.8 Percentage Change: + 0.00% Day High: 429.4 Day Low: 418

In the event of MKS share price managing to exceed 429.4 (please, not an ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 348.8 Percentage Change: + 0.00% Day High: 354.8 Day Low: 322.6

Target met. Continued trades against OCDO with a mid-price ABOVE 354.8 sh ……..

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LSE:SAGA SAGA Plc. Close Mid-Price: 807 Percentage Change: + 0.00% Day High: 812 Day Low: 775

The next task for SAGA Plc is to get the price above 812 (not with a fake ……..

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LSE:TSCO Tesco. Close Mid-Price: 539 Percentage Change: + 0.00% Day High: 548.6 Day Low: 536.4

Target met. Further movement against Tesco ABOVE 548.6 should improve acc ……..

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IGG IG Group** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

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#Modiles going wopng… Vodafone Group (LSE:VOD) Price around 120.6 at time of writing.

A funny story related to Vodafone can be read as Vodafone 8:Volvo 0. Back in the 1980’s and able to fall for my family’s child labour tricks, being allocated a Volvo 264 Estate car, along with the first type of mobile phone, ensured I was ready at any time to offload a tanker of fuel, rush to a cash and carry for petrol station stocks (in the 1980’s, we were still finding out what would sell), or drive to any airport to pick up family members who flew everywhere.

But I’d the magical something none of the rest of them had, a telephone in my Volvo. Of course, being an utter idiot, the penny hadn’t dropped that I was on call 24 hours a day, the car phone backed up with a pager. But the car phone was great, you lifted the handset, pressed a green button, and a wonderful operator would connect with wherever I wanted. As mentioned earlier, the penny had not dropped. Everyone phoned me. The Volvo estate, an automatic of course, had this massive telephone system fitted between the front seats, a serious looking pair of antenna fitted at the rear of the machine.

This Racal/Vodafone system devoured the Volvo. After a year, the drivers door literally rusted through and the rest of the cars body was similarly eviscerated with rust. It was, quite literally, too dangerous to put the vehicle through one of our petrol station car washes. Eventually, an electrician provided the answer, due to the telephone system, the vehicle should have been fitted with sacrificial anodes to corrode, rather than the car body. Me, still a moron, didn’t care as my next car was an Audi Quattro coupe, along with a massive Motorola phone which sat quite neatly in the middle of the Audi.

Needless to say, a fascination with mobile communications was to continue until around 15 years ago, the penny finally dropping. Mobile phones had been invented to screw up my life and I wasn’t happy being available 24 hours a day. Wife and daughter were initially horrified, when I’d sit down at home and turn on the Nokia, deciding which missed calls I’d respond to and which text messages needed an answer. While my current weapon is a fairly large and up to date Samsung, it is used to listen to audio books or play Sudoku. It comes off “Flight Mode” when I can be bothered and not a second before. Both wife and daughter have adopted a similar attitude to their personal phones, taking control of their own lives again. This harsh behaviour sometimes is regarded as a problem.  Sliding my phone off Flight Mode the other day revealed 5 missed calls from my brother. And not a single voice message. I called him back, he had been diagnosed with ‘Motor Neuron Disease’ (a real baddy of an illness with an 18 month sell by date) and wanted to talk. It’s questionable whether anything would have changed if the call had been answered 3 hours previously but perhaps his hysterics could have been assuaged. Needless to say, with my own Leukaemia diagnosis back in 2012, he was my first call – on his landline. Had he not answered, I would have called my wife but unfortunately, she was driving up from Manchester, so not the ideal news to convey to someone driving.

But importantly, Vodafone have now joined the space age, a letter of intent to explore a joint bid for Direct to Device satellite services. Hopefully this sort of initiative comes to fruition as we’d finally leave the local frustration here in Argyll. where we can see the 5G mast on the crest of a hill but only receive a signal when outdoors. And even then, it can be dodgy as there’s a blank 200 yards of coverage when walking the local salmon river. While I’m not the only dog walker who values this sanctuary from mobile phones, it’s still a bit weird as the 5G mast is visible, despite the phone giving its familiar “No Signal” message on the home screen.

As an aside, there’s been three blokes doing proper fly-fishing for salmon for over a week and on Monday, one of their number caught one. And chose to release it as he preferred rainbow trout! His body shall doubtless be discovered in the days ahead as the other two guys were not happy, denied the “proof” photograph which would have justified their holiday in hell (aka Argyll).. My consolation of there being no photographic evidence of me and my hand caught 10 pound salmon didn’t help, other than to inform them they were fishing the wrong river and should be almost 300 miles further north.

Has Vodafone done anything exciting from the markets perspective?

Maybe, is the useless answer.

Their share price has broken through the Blue downtrend, crucially not closing a session below 112p. This is a fairly big deal, confirming the Volvo killers share price remains in a zone where some proper future acceleration has become logical.

Currently, above 126p calculates with the potential of triggering gains to an initial 132p with our secondary, if bettered, at 140p. We may also cough politely, mentioning a future 200p is exerting a greater attraction than that Ecuadorian Priest who was killed by a falling cross during a Live Broadcast.. Perhaps other religious folk shall avoid pontificating on “spontaneity of death” in future, the theme of the blokes sermon! In fairness, it was a really big cross.

But if Vodafone closes a session below 112p, do they face a religious symbol dropping on their share price?

We are not entirely sure, due to the price behaviour since breaking the Blue downtrend. Apparently, below 115p should trigger reversal oan initial 108p with our secondary, if broken, working out at 100p and ideally, a Puka bounce.

For now, we think Vodafone is mucking around but we suspect it intends head upward.

We exist in interesting times. Thankfully without that rusty Volvo 265 estate.

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:51:52PM BRENT 10682.2 10515 10340 10165 10663 10865 10928 11078 10702
10:59:53PM GOLD 4139.84
11:02:48PM FTSE 10717.5 Success
10:05:42PM STOX50 6105.6
10:16:19PM GERMANY 25213.5 25170 24970 24728 25303 25372 25424 25509 25277 Success
10:18:59PM US500 7700.1
10:25:03PM DOW 52029.6
10:31:39PM NASDAQ 29573.8
10:37:21PM JAPAN 64828

 

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:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:ITM ITM Power** **LSE:OCDO Ocado Plc** **LSE:TSCO Tesco** **

********

Updated charts published on : Barclays, Block Energy PLC, BP PLC, Firstgroup, Gulf Keystone, Greggs, British Airways, ITM Power, Ocado Plc, Tesco,

LSE:BARC Barclays. Close Mid-Price: 417.5 Percentage Change: + 0.00% Day High: 426.6 Day Low: 415.75

If the share price of Barclays manages to move BELOW 415.75, initial DOWN ……..

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LSE:BLOE Block Energy PLC. Close Mid-Price: 0.75 Percentage Change: + 0.00% Day High: 0.8 Day Low: 0.725

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LSE:BP. BP PLC. Close Mid-Price: 616.4 Percentage Change: + 0.00% Day High: 622.7 Day Low: 612.5

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LSE:FGP Firstgroup. Close Mid-Price: 203.8 Percentage Change: + 0.00% Day High: 204 Day Low: 200.8

The next task for Firstgroup is to get the price above 204 (not with a fa ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 225 Percentage Change: + 0.00% Day High: 226 Day Low: 212

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LSE:GRG Greggs. Close Mid-Price: 2346 Percentage Change: + 0.00% Day High: 2348 Day Low: 2267

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LSE:IAG British Airways. Close Mid-Price: 412.2 Percentage Change: + 0.00% Day High: 412.2 Day Low: 404.5

If the share price of British Airways manages to move BELOW 404.5, initi ……..

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LSE:ITM ITM Power. Close Mid-Price: 85.8 Percentage Change: + 0.00% Day High: 100 Day Low: 85.8

Continued weakness against ITM taking the price below 85.8 calculates as ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 317.2 Percentage Change: + 0.00% Day High: 317.6 Day Low: 293.2

Further movement against Ocado Plc ABOVE 317.6 should improve acceleratio ……..

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LSE:TSCO Tesco. Close Mid-Price: 539 Percentage Change: + 0.00% Day High: 539.4 Day Low: 533.4

If the price of Tesco manages to move ABOVE 539.4, initial UP target beco ……..

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BBY BALFOUR BEATTY** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

********

Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

Posted on

Lloyds Banking Group (LSE:LLOY) Price around 104.6 at time of writing.

Sometimes, things are not entirely what they seem at first glance. This evenings photograph of the moon was a case in point, a silly little half moon was vanishing behind a hill, leaving a nice reflection on the sea below but otherwise wasn’t particularly interesting.  But on the spur of the moment, I pressed the zoom function, stopping when the moon just fitted into the viewfinder and pressed the button. It was only when viewing the image on a proper computer screen did it become (by my dismal standards) a quite nice shot, the original has become a desktop background already. The moral of the tale, sometimes things can be better than they seem and hopefully, our scribbles about Lloyds also prove this shall be the case.

We’ve currently applied two main trends to Lloyds and of course, it’s becoming difficult to ascertain which one shall prove “real”. The confusion of Lloyds share price movements in relation to both the Blue and Red lines tends confirm the market is also paying attention to history. If we deal with Red first, the share broke Red at the start of October, recovered a bit then broke downward a week later. But this second break down included a Gap Down, then a Gap Up. This is something we’d generally take as priming for a bounce and in the case of Lloyds, the share price indeed bounced and conformed rather exactly with our “GaGa” calculations. Or in plain English, it went up by the correct amount when we judge the tiny little manipulation gaps (circled), the 4p bounce insignificant but proving the market was playing by the rules. We already felt this would be the case, the reversal to 100p on October 8th neatly in line with our previous prediction in September. It certainly appears RED may be the important trend for us to watch.

However, there’s also the inconvenient Blue downtrend, an 18 year old piece of stupidity which should be ignored. But again, unfortunately the market also seems to be paying attention to this trend, the share price closing at 105.85p last week and returning itself above the silly long term downtrend. We do concede it’s not often when the market is gifted two trend lines crossing, along with a perfect situation in which to muddy the waters. Our inclination is two take Blue slightly more seriously than Red.

In the event our Blue scenario intends pan out, above 107p should now trigger a rise to an initial 112p with our longer term secondary, if bettered, calculating at 119p. These ambitions should prove pretty important, actually justifying the word “breakout” in the even Lloyds manages to close above the previous closing price high of 117p. The Big Picture allocates a future attraction coming from 152p in such a game plan.

Of course, Red may hold all the losing numbers, especially as our 100p drop target was exceeded by 0.3p for a couple of seconds. This bothers us slightly as now, below 100p threatens to promote reversal down to an initial 95.5 with our secondary, if broken, a potential trampoline level at 91.3p

Interesting times.

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
12:41:57AM BRENT 10778.4 10308 10119 9888 10445 10813 11209 11820 10369
11:35:27PM GOLD 4164.5
11:37:42PM FTSE 10862.6
11:40:07PM STOX50 6179.6
11:05:19PM GERMANY 25567.7 25402 25305 25176 25548 25692 25788 26122 25472
11:07:56PM US500 7699.3
11:43:34PM DOW 52110
11:45:44PM NASDAQ 29458.4
11:48:59PM JAPAN 64229

 

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:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:NG. National Glib** **

********

Updated charts published on : Block Energy PLC, B & M, British Telecom, Gulf Keystone, Greggs, National Glib,

LSE:BLOE Block Energy PLC. Close Mid-Price: 0.75 Percentage Change: + 0.00% Day High: 0.798 Day Low: 0.75

Continued weakness against BLOE taking the price below 0.75 calculates as ……..

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LSE:BME B & M. Close Mid-Price: 286.2 Percentage Change: + 0.00% Day High: 287 Day Low: 278

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LSE:BT.A British Telecom. Close Mid-Price: 209.7 Percentage Change: + 0.00% Day High: 209.9 Day Low: 205.3

The next task for British Telecom is to get the price above 209.9 (not wi ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 217.5 Percentage Change: + 0.00% Day High: 222 Day Low: 210

Target met. Continued trades against GKP with a mid-price ABOVE 222 shoul ……..

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LSE:GRG Greggs. Close Mid-Price: 2290 Percentage Change: + 0.00% Day High: 2290 Day Low: 2232

If the price of Greggs manages to move ABOVE 2290, initial UP target beco ……..

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LSE:NG. National Glib. Close Mid-Price: 1217.5 Percentage Change: + 0.00% Day High: 1217.5 Day Low: 1185

Further movement against National Glib ABOVE 1217.5 should improve accele ……..

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

********

Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

Posted on

Our galactically famous FTSE for FRIDAY (FTSE:UKX) 

There’s a reasonable chance this may be one of our reports worth printing for future reference! Meanwhile, a ‘ funny’ story from this week could be titled “failed attempt at asphyxiation”. As we’re approaching the festive season, the idea of making my own Port seemed attractive, the process fairly straightforward as all the tools were already available. The first part of the process was only slightly ambitious, using some red grape concentrate, 6kg sugar, 21 litres water, and the juice of all the blackberries picked in an afternoon from the garden. And also, a secret weapon called Turbo Yeast, a product which provokes aggressive fermentation for 48 hours before the process is stopped by dumping a bottle of brandy into the mix. Then, it’s all a matter of patience for a few months, along with some filtration and messing around with temperatures.

Unfortunately, it was the very first step where things fell apart. The temperature up here in Argyll has dropped, so rather than allowing the fermentation process to start in a freezing shed, it was decided to place the fermentation chamber in the office. Things kicked off with the 21 litre mix at 39.8c before adding the Turbo Yeast and within a couple of hours, it sounded by a witches caldron was boiling away on the shelf, satisfying bubbling noises filling the office, almost drowning out the noise of Beyonce’s album ‘Lemonade’ which was being given a last chance, again.  It was just 7c outside with the wind blowing straight from the north pole, so three of my office doors were tightly shut and the heating was on at a low setting. This was all around midnight, so waking on my office chair at 6.30am was a surprise, especially with a nasty headache drilling a hole in my temples. Opening the door through to the kitchen for some cola, within a few seconds everything seemed clearer, suddenly wide awake, and the headache unfortunately still vile. Long story short, it was CO2 poisoning, the Carbon Dioxide from the express fermentation having absolutely nowhere to go, my small airtight office filling up with expelled gas as the yeast munched down on 6kg of sugar…

My wife was not amused and to be honest, me neither. Generally, every time I do something stupid, there’s always a funny side but this one was scary. No bangs, no flames, nothing destroyed, no drama  Waking in a sitting position, arms hanging vertically, is about as far from a natural feeling as it gets, an aspect of my wine making hobby which had been completely ignored. Now the garden shed has a low power greenhouse heater on duty, during any future attempts at ambitious wine making! The house is off limits.

This incompetent effort to beat the absurd cost of hospitality by producing a tipple which should prove popular over the festive season, reminded that night-time hours may be more properly spent not gassing myself but instead focussing on numbers. Thankfully, this looks very like a more sane route to success when the attitude is applied to the FTSE. Despite world events and UK politics, the FTSE feels poised for a period of some gains. Hopefully politicians and the BoE play along.

Folk with a normal memory for numbers will recall our fascination with 10,908 points for the FTSE, along with a demand the market actually closes a session above such a point to suggest investing in party poppers may be a good idea. It appears the first steps on such a path may have been taken. Near term, it looks like FTSE movement exceeding 10,869 points shall prove worthwhile, calculating with the potential of a market lift to 10,943 points. Obviously this should be a useful haul of points, especially as a Stop Loss could be positioned at 10,800 points, an almost perfect Risk/Reward situation.

However, our longer term secondary beyond 10,943 calculates at 11,059 points and achieving such should permit the FTSE to actually close above our critical 10.908 point trigger level. This takes us to the reason we’d recommend printing this as the Big Picture now works out a longer term future destination of 11,299 points as a pretty confident ambition. We don’t often suggest such impressive market gains for the FTSE as possible but in this instance, a 430 points haul presents itself as probable.

But only if the cards all play the way they should… We’re laying out some strong potentials and it’s definitely not under the effects of being gassed 4 days ago. We’re simply applying our usual logic used against shares, believing the FTSE shall adhere to our usual rules. But it will still be worth crossing fingers as none of the foregoing is going to happen within a couple of days. In fact, if we muck around with our (usually wrong) timing calculations, it could be around November 26th before this scenario comes to fruition.

Our alternate scenario, questioning what happens if the FTSE wanders below 10,800, suggests the potential of an initial visit to 10,740 with our secondary, if broken, at 10,710. This would effectively emplace the FTSE in a position of having to do it all again, along with fouling up our upward calculations.

Have a good weekend, hopefully warmer than here in Argyll where we shall not be surprised to see the first dusting of snow above 2,000 feet anytime soon. At least, we should have plenty of Port to bring warmth in the months ahead.

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:03:09PM BRENT 10400.6 Success
10:06:29PM GOLD 4170.17
10:10:05PM FTSE 10819.1 10677 10603 10514 10733 10870 10893 11068 10816 Success
10:13:55PM STOX50 6184 ‘cess
10:16:19PM GERMANY 25465.2 ‘cess
10:19:22PM US500 7738.7
10:23:39PM DOW 52183.6 ‘cess
10:27:02PM JAPAN 65414 65250 62745 59840 66318 65705 66105 66796 65511

 

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:BME B & M** **LSE:BP. BP PLC** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:NG. National Glib** **LSE:OCDO Ocado Plc** **LSE:TSCO Tesco** **

********

Updated charts published on : B & M, BP PLC, EasyJet, Firstgroup, Gulf Keystone, Greggs, IQE, ITM Power, National Glib, Ocado Plc, Tesco,

LSE:BME B & M. Close Mid-Price: 279.6 Percentage Change: + 0.00% Day High: 284.2 Day Low: 273.8

Target met. The next task for B & M is to get the price above 284.2 (not ……..

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LSE:BP. BP PLC. Close Mid-Price: 610.5 Percentage Change: + 0.00% Day High: 616.7 Day Low: 609.7

Simply managing to get the share price above 616.7 is the next hurdle for ……..

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LSE:EZJ EasyJet. Close Mid-Price: 683.4 Percentage Change: + 0.00% Day High: 685 Day Low: 681.4

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LSE:FGP Firstgroup. Close Mid-Price: 202.4 Percentage Change: + 0.00% Day High: 202.8 Day Low: 190

In the event of FGP share price managing to exceed 202.8 (please, not an ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 208.5 Percentage Change: + 0.00% Day High: 215 Day Low: 198.8

Target met. Further movement against Gulf Keystone ABOVE 215 should impro ……..

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LSE:GRG Greggs. Close Mid-Price: 2262 Percentage Change: + 0.00% Day High: 2276 Day Low: 2188

All Greggs needs are mid-price trades ABOVE 2276 to improve acceleration ……..

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LSE:IQE IQE. Close Mid-Price: 39.35 Percentage Change: + 0.00% Day High: 42.45 Day Low: 37.5

In the event IQE experiences weakness below 37.5 it calculates with a dro ……..

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LSE:ITM ITM Power. Close Mid-Price: 90 Percentage Change: + 0.00% Day High: 94.5 Day Low: 88.1

Weakness on ITM Power below 88.1 will invariably lead to 81p with seconda ……..

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LSE:NG. National Glib. Close Mid-Price: 1193.5 Percentage Change: + 0.00% Day High: 1209.5 Day Low: 1190

The next task for National Glib is to get the price above 1209.5 (not wit ……..

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LSE:OCDO Ocado Plc. Close Mid-Price: 300 Percentage Change: + 0.00% Day High: 316.4 Day Low: 300

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LSE:TSCO Tesco. Close Mid-Price: 534.6 Percentage Change: + 0.00% Day High: 535.4 Day Low: 526.2

Target met. Continued trades against TSCO with a mid-price ABOVE 535.4 sh ……..

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*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

Posted on

Tesco PLC (LSE:TSCO) trading around 527.60 at time of writing.

The English Supermarket Company (Tesco) appears poised to do rather well. There’s obviously an expectation the company shall continue its current price gouging to maximise profits, while hiding behind the theory that prices must go up because of Ukraine, Iran, Interest Rates,  Fuel Costs and possibly the threat poised by the Isle of Lundy. As can be suspected, we’re more than a little cynical about spiralling costs, due to the reasoning being often self serving and generally quite hollow. It will be interesting, when the current UK Government founders, viewing the future job prospects for many government Ministers. It’s unlikely they shall find themselves in the Oil industry. Perhaps Banking and almost certainly Retail Food shall find themselves discovering new job titles for ex-government folks.

At present, what really aggravates is the UK Government empty rhetoric on Fuel Prices, especially as around 50% of every litre cost goes directly to the treasury. But in abject foolishness, the government refuses to soften the price of fuel, ‘lest they dilute their take. This attitude fails to acknowledge folk are buying less, due to cost and as a result, the government should really be playing a little game. For instance, what if they reduced fuel prices by 15%. Would fuel sales increase by 16% from current? It’s not a difficult concept but unfortunately, one which escapes the folk at the trough who still wonder where all the tobacco income vanished?

Tesco share price looks especially happy at the current economic regime, climbing fairly solidly in recent days and now displaying “higher highs” and giving a vibe things shall continue upward.

To cancel out our optimistic outlook for Tesco Plc, the share price needs close a session below 500. This establishes a fairly simple Stop Loss level. Otherwise, above 528p currently looks capable opf triggering a further recovery cycle to an initial 575p with our longer term secondary, if beaten, at a future 614p. It’s fascinating to note this secondary target also matches the highs achieved back in 2007, thus creating a scenario where considerable hesitation should be anticipated. But only if 614p makes an appearance.

Our alternate current scenario, should things intend become as devoid as a Tesco ‘Free From’ section, a share price below 476p risks triggering reversals to an initial 412p. Our longer term secondary, if such a level breaks, works out at a future 383p and hopefully a bounce.

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:43:51PM BRENT 10419.8
10:52:35PM GOLD 4107.19 Success
11:01:50PM FTSE 10690.1
11:07:29PM STOX50 6155.7 6148 6133 6105 6172 6204 6217 6240 6174
11:28:45PM GERMANY 25205.2 25190 25128 25018 25282 25368 25445 25530 25311
11:46:52PM US500 7706.1 Success
11:17:36PM DOW 51630.1
11:38:44PM NASDAQ 29718 Success

 

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

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Updated charts published on : B & M, BP PLC, Firstgroup, Greggs, Intertek, SAGA Plc, Tesco,

LSE:BME B & M. Close Mid-Price: 276.8 Percentage Change: + 0.00% Day High: 277.2 Day Low: 270.6

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LSE:BP. BP PLC. Close Mid-Price: 614.2 Percentage Change: + 0.00% Day High: 615.3 Day Low: 605.8

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LSE:FGP Firstgroup. Close Mid-Price: 197.3 Percentage Change: + 0.00% Day High: 198.1 Day Low: 193.6

Further movement against Firstgroup ABOVE 198.1 should improve accelerati ……..

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LSE:GRG Greggs. Close Mid-Price: 2198 Percentage Change: + 0.00% Day High: 2212 Day Low: 2150

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LSE:ITRK Intertek. Close Mid-Price: 5915 Percentage Change: + 0.00% Day High: 5920 Day Low: 5905

Continued trades against ITRK with a mid-price ABOVE 5920 should improve ……..

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LSE:SAGA SAGA Plc. Close Mid-Price: 783 Percentage Change: + 0.00% Day High: 800 Day Low: 774

Further movement against SAGA Plc ABOVE 800 should improve acceleration t ……..

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LSE:TSCO Tesco. Close Mid-Price: 526.4 Percentage Change: + 0.00% Day High: 527.8 Day Low: 516.4

Target met. All Tesco needs are mid-price trades ABOVE 527.8 to improve a ……..

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