We’re not going to comment on Prime Minister Andy Burnham’s first Budget, and for a simple reason: the media tend to focus on “the good news” in the immediate aftermath, while the less appealing details usually emerge overnight, once analysts have worked their way through the boring small print.
UK governments would charge us for breathing if they thought they could get away with it! It wouldn’t surprise us to discover that kerosene tariffs had been reduced, only for a new kerosene duty to appear, conveniently making up for the lost revenue.
Over the years, we’ve largely lost interest in Budget Day. The initial headlines are rarely the whole story, and the financial implications often become clearer the following morning. If current market futures are anything to go by, Thursday could bring a few reversals.
Perhaps, then, it’s more interesting to turn our attention to something we regard as one of our Trade Secrets.

The significance of a broken uptrend
One technical pattern we keep a particularly close eye on occurs when an established uptrend breaks, only for the share price to return and repeatedly challenge the former trendline.
In our experience, this can be a useful early indication that a recovery may be brewing, although patience is often required. It’s certainly not an automatic buy signal, but it can provide a compelling reason to watch a share more closely.
The converse can also apply when a downtrend breaks. However, our particular interest here is the recovery potential that can emerge after a share price breaks below an established red uptrend and subsequently attempts to reclaim it.
The important point is what happens next. A sustained move back above the broken trendline can represent a meaningful change in market sentiment, potentially opening the door to some substantial share price movement.
Of course, nothing on the stock market is a certainty. But this is precisely the sort of technical development that, in our view, deserves attention.
ICG: the recovery levels to watch
The accompanying chart extracts illustrate what has been happening since ICG’s share price broke below the red uptrend at approximately 1,795p.
Since that break, the share price has exceeded the original break level on several occasions. The next development we’re watching for is a convincing recovery above the red uptrend itself, which currently sits at approximately 1,847p.
Why does this matter?
A successful reclaiming of a broken uptrend can be a significant positive signal. It suggests that selling pressure may be easing and that buyers could be regaining control. Should ICG push convincingly above the current trendline, a recovery could develop more quickly than some investors might expect.
That’s the opportunity we’re watching for. It’s a case of watch and wait, rather than assuming the recovery has already arrived.
The bullish scenario
If our optimistic interpretation proves correct, a move above 1,817p could be an early trigger for further gains, initially towards 1,961p.
Should that level subsequently be exceeded, our longer-term secondary objective comes in at approximately 2,083p.
We’ve also pencilled in several additional potential levels on the charts. Not every projection will necessarily prove relevant, of course, but the overall technical picture provides some interesting possibilities should the recovery gather momentum.
The key distinction is between an initial improvement in the share price and a genuine recovery of the broken red uptrend. The latter, currently around 1,847p, would provide the more compelling confirmation of our bullish thesis.
The bearish alternative
Naturally, markets have a habit of making traders look foolish, often at considerable expense.
Should ICG fall below 1,733p, the picture could deteriorate, with an initial downside objective around 1,676p.
If that level were subsequently breached, our secondary downside projection would be approximately 1,546p.
That last figure might look improbable at present, but technical projections are conditional, not predictions carved in stone. A move towards it would require further weakness and confirmation along the way.
For now, it remains our alternative scenario rather than our preferred outcome.
Our verdict
We’re leaning towards optimism on ICG, but we’re not confusing optimism with confirmation.
The levels are clear enough: 1,817p is the potential initial bullish trigger, 1,847p is the red uptrend recovery level to watch, and 1,961p, followed by 2,083p, represents the upside potential should momentum develop.
On the downside, a break below 1,733p would weaken the picture and bring 1,676p into focus, with 1,546p as a more distant secondary possibility.
As ever, there are no guarantees in the stock market. We’ll be watching the price action and waiting to see whether ICG can deliver the recovery signal we’re hoping for.
And, finally, we’re also leaning towards optimism for this weekends coming Mexican Grand Prix. At least there, the drama is usually a little more entertaining!

FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:09:52PM | BRENT | 11029.7 | Success | ||||||||
| 10:12:28PM | GOLD | 4064.33 | ‘cess | ||||||||
| 10:16:35PM | FTSE | 10692.1 | 10641 | 10614 | 10520 | 10686 | 10764 | 10817 | 10876 | 10672 | ‘cess |
| 10:21:56PM | STOX50 | 6164 | 6138 | 6116 | 6085 | 6168 | 6184 | 6196 | 6255 | 6153 | ‘cess |
| 10:57:46PM | GERMANY | 25702.6 | ‘cess | ||||||||
| 11:00:56PM | US500 | 7717.8 | ‘cess | ||||||||
| 11:03:44PM | DOW | 52529.9 | ‘cess | ||||||||
| 11:09:35PM | NASDAQ | 29546 | Success | ||||||||
| 11:20:29PM | JAPAN | 64393 | 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:BT.A British Telecom** **LSE:FGP Firstgroup** **LSE:NG. National Glib** **LSE:ONT Oxford Nanopore Tech** **LSE:SAGA SAGA Plc** **LSE:SRP Serco** **
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Updated charts published on : British Telecom, Firstgroup, National Glib, Oxford Nanopore Tech, SAGA Plc, Serco,
LSE:BT.A British Telecom. Close Mid-Price: 212.5 Percentage Change: + 0.00% Day High: 214.2 Day Low: 208.3
Further movement against British Telecom ABOVE 214.2 should improve accel ……..
</p
View Previous British Telecom & Big Picture ***
LSE:FGP Firstgroup. Close Mid-Price: 216.6 Percentage Change: + 0.00% Day High: 222 Day Low: 209.2
In the event of FGP share price managing to exceed 222 (please, not an in ……..
</p
View Previous Firstgroup & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1237.5 Percentage Change: + 0.00% Day High: 1244 Day Low: 1216.5
Continued trades against NG. with a mid-price ABOVE 1244 should improve t ……..
</p
View Previous National Glib & Big Picture ***
LSE:ONT Oxford Nanopore Tech. Close Mid-Price: 235 Percentage Change: + 0.00% Day High: 239.4 Day Low: 224.4
The next task for Oxford Nanopore Tech is to get the price above 239.4 (n ……..
</p
View Previous Oxford Nanopore Tech & Big Picture ***
LSE:SAGA SAGA Plc. Close Mid-Price: 846 Percentage Change: + 0.00% Day High: 859 Day Low: 838
Further movement against SAGA Plc ABOVE 859 should improve acceleration t ……..
</p
View Previous SAGA Plc & Big Picture ***
LSE:SRP Serco. Close Mid-Price: 287.4 Percentage Change: + 0.00% Day High: 291.6 Day Low: 281.8
In the event of Serco enjoying further trades beyond 291.6, the share sho ……..
</p
View Previous Serco & Big Picture ***
*** 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: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: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: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: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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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!









