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 ……..

Subscribe for more

</p

View Previous B & M & Big Picture ***

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 ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

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

If the price of EasyJet manages to move ABOVE 685p, initial UP target bec ……..

Subscribe for more

</p

View Previous EasyJet & Big Picture ***

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 ……..

Subscribe for more

</p

View Previous Firstgroup & Big Picture ***

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 ……..

Subscribe for more

</p

View Previous Gulf Keystone & Big Picture ***

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 ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

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 ……..

Subscribe for more

</p

View Previous IQE & Big Picture ***

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 ……..

Subscribe for more

</p

View Previous ITM Power & Big Picture ***

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 ……..

Subscribe for more

</p

View Previous National Glib & Big Picture ***

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

Target met. Simply managing to get the share price above 316.4 is the nex ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

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 ……..

Subscribe for more

</p

View Previous Tesco & 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: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: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:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **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

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

Click Epic to jump to share: LSE:BME B & M** **LSE:BP. BP PLC** **LSE:FGP Firstgroup** **LSE:GRG Greggs** **LSE:ITRK Intertek** **LSE:SAGA SAGA Plc** **LSE:TSCO Tesco** **

********

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

If the price of B & M manages to move ABOVE 277.2, initial UP target beco ……..

Subscribe for more

</p

View Previous B & M & Big Picture ***

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

Continued trades against BP. with a mid-price ABOVE 615.3 should improve ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

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 ……..

Subscribe for more

</p

View Previous Firstgroup & Big Picture ***

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

Target met. In the event of Greggs enjoying further trades beyond 2212, t ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

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 ……..

Subscribe for more

</p

View Previous Intertek & Big Picture ***

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 ……..

Subscribe for more

</p

View Previous SAGA Plc & Big Picture ***

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 ……..

Subscribe for more

</p

View Previous Tesco & Big Picture ***

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

Posted on

Greencore Group PLC (LSE:GNC) trading around 267.40 at time of writing.

Being the largest supplier of pre-packed sandwiches is an odd claim to fame. It’s a field about which we know more than wanted, thanks to owning a bunch of petrol stations in a previous life. In the 1990’s, sandwiches had become a staple in our petrol stations and reliable suppliers were an unknown concept. Product quality was often questionable, our staff asked to open and sample a random sandwich before selling any. This policy led to the sharp exclusion of several suppliers, stale bread and salad which was less than fresh being contract cancelation offenses.

Eventually, a chum who’d previously been a motor manufacturers Scottish manager, somehow decided to change career. After renting an industrial unit, buying all sorts of refrigeration equipment, and some fancy packaging machines, it was clear he was serious about the concept. By the point we sold our petrol stations, he was still providing reliable daily deliveries with his empire expanded across the Glasgow – Edinburgh belt. He had even head hunted two of our staff as managers which was great. It’s funny, nowadays it would probably be an easier business to enter, due to “improvements” in bread technology as the stuff sometimes seems to take an age to go off. This is good news for our family of 5 Ravens, each of which loves our supply of 50p “out of date petrol station bread” loaves. It has been amusing to notice a couple of Robins have started to watch for bread, each doing frantic emergency pecks before a raven appears.

In addition to their skill in making a sandwich, Greencore supply quite a lot of other ‘food to go’ products, along with chilled meals, pizzas, and even quiches. It’s safe to say the writer does not form any part of their target market, thanks to Coeliac disease, and egg allergy, T2 diabetes, and a Shellfish allergy. About the only thing they offer is packaging to play with! (Victoria Wood did a comedy sketch on this subject, blissfully unaware someone in Scotland actually met all the criteria.)

Greencore share price has entered what looks like a happy cycle for the future. It has broken through the immediate 2026 downtrend, it has executed an official Higher High, and now looks poised for movement above 280p to trigger a visit to an initial 297p and a challenge against the downtrend since 2016. Our secondary, should such a level be exceeded, calculates at a longer term 310p. Overall, such a situation would imply a distant Big Picture target of 448p may be exerting a distant attraction.

Should things intend go wrong, an unusual scenario in the face of positive signals, below 263p risks triggering reversal to an initial 243p with our secondary, if broken, at an eventual bottom of 233p. Visually, this sort of thing is unlikely but, of course, this is the UK stock market, always waiting to stab investors in the back!

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:59:01PM BRENT 10480.8 ‘cess
10:00:53PM GOLD 4159.4 Success
10:03:15PM FTSE 10649.3 10629 10576 10513 10664 10765 10783 10922 10702 ‘cess
10:06:41PM STOX50 6180.8 ‘cess
10:12:44PM GERMANY 25299 ‘cess
10:15:36PM US500 7808.1 7786 7777 7756 7807 7815 7828 7842 7797 ‘cess
10:19:06PM DOW 51671.1 Success
10:23:54PM NASDAQ 30560.6
10:26:55PM JAPAN 67936

 

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:ITRK Intertek** **LSE:QED Quadrise** **LSE:SAGA SAGA Plc** **LSE:TSCO Tesco** **

********

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

LSE:BME B & M. Close Mid-Price: 274 Percentage Change: + 0.00% Day High: 276.4 Day Low: 271.4

Target met. Continued trades against BME with a mid-price ABOVE 276.4 sho ……..

Subscribe for more

</p

View Previous B & M & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 610 Percentage Change: + 0.00% Day High: 610 Day Low: 592.9

Target met. Further movement against BP PLC ABOVE 610 should improve acce ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

LSE:ITRK Intertek. Close Mid-Price: 5905 Percentage Change: + 0.00% Day High: 5905 Day Low: 5890

In the event of ITRK share price managing to exceed 5905 (please, not an ……..

Subscribe for more

</p

View Previous Intertek & Big Picture ***

LSE:QED Quadrise. Close Mid-Price: 0.97 Percentage Change: + 0.00% Day High: 0.966 Day Low: 0.85

If Quadrise intends to relax, the price needs to get below 0.85 (but igno ……..

Subscribe for more

</p

View Previous Quadrise & Big Picture ***

LSE:SAGA SAGA Plc. Close Mid-Price: 786 Percentage Change: + 0.00% Day High: 798 Day Low: 745

All SAGA Plc needs are mid-price trades ABOVE 798 to improve acceleration ……..

Subscribe for more

</p

View Previous SAGA Plc & Big Picture ***

LSE:TSCO Tesco. Close Mid-Price: 517 Percentage Change: + 0.00% Day High: 518.4 Day Low: 506.8

Simply managing to get the share price above 518.4 is the next hurdle for ……..

Subscribe for more

</p

View Previous Tesco & 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: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:FGP Firstgroup** **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: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: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** **

********

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

Man Group PLC (LSE:EMG) trading around 340.20 at time of writing.

There are odd occasions when this writer fully embraces the opportunity to look weird. It’s not a weird character trait but instead, common sense. On Monday, it was raining and the little red tractor was scheduled for repair, due to “some idiot” damaging the steering arm. Following years of nagging, before tackling a job which involves lying down in mud, I’m supposed to identify and wear some old clothes. However, one alternative sometimes is chosen, digging out an old RAF Flight Suit. The thing is perfect for outdoors work and more importantly, when “they” were inventing pockets, a 40 year old flight suit was the experimental product. There’s literally a pocket for everything and better still, with heavy boots it looks quite cool.

So, battling with the tractor also needed a wide brimmed hat, due to it also chucking it down with rain. It didn’t take long for a mental “stuff this” attitude to prevail, giving an excuse to flee the garden and head to the local supermarket in the local town. Our local Morrisons, a store which strives to single handedly drive inflation figures upward, is also a reasonable haunt when hunting sugar for wine fermentation. Morrisons sell the product in 5kg bags, ideal for making wine. When in the store, lazily leaning on my trolley, there was the odd feeling of being noticed. I was confident it wasn’t my old flight suit as lots of “worky” types wear overalls. The penny eventually dropped, I was still wearing my wide brimmed hat, there being an unspoken law here in Argyll about wearing hats in-doors. Outside in the rain, someone could wear a spiked German helmet from WW1 and none would bat an eyelid. Just do not wear it inside or the ‘hat police’ will cast judgement. Country living carries its own set of parameters.

 And this, obviously, brings us to Man Group Plc, describing themselves as ‘ a global leader in alternative investment management’ . The are accused of being the worlds largest publicly traded Hedge Fund company! They also have a fascinating factoid, supplying the Royal Navy with daily Rum for sailors from 1784 until 1970, a pretty impressive trading record. Of course, in this time, they also became pretty savvy on things like the sugar, rum, coffee, and cocoa markets They had a heck of a groundwork got their current position as a Hedge Fund.

According to our software, along with some numbers written on the back of a ciggy packet, Man Group Plc don’t need do much to become interesting in the near term. If we judge by the emails received, this should be worthy of attention in the near term.

Presently trading around the 340p level, Man Group “only” need exceed 347.5p to hopefully trigger a cycle upward to an initial 367p with our longer term secondary, if exceeded, calculating around a future 370p. All things considered, apparently a future and distant 406p exerts some sort of attraction, something similar to the current UK Government and their fascination with Lemming culture.

As always, we can propose a converse scenario, one which in the instance is less likely. Below 308p claims a visit to an initial 277 shall be possible with our secondary, if broken, working out at 257p and a bounce.

For now, we feel Man Group shall justify a share price rise.

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:41:20PM BRENT 10455.8
10:45:35PM GOLD 4170.65 4163 4154 4133 4176 4179 4187 4198 4163
10:49:04PM FTSE 10642.8 10580 10541 10495 10620 10680 10703 10815 10615 ‘cess
10:57:05PM STOX50 6185.8
10:59:49PM GERMANY 25248.4 ‘cess
11:02:06PM US500 7807.9
11:12:10PM DOW 51876 ‘cess
11:15:21PM NASDAQ 30670.1 ‘cess
11:17:51PM JAPAN 68237

 

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:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : B & M, BP PLC, Scancell, Speedyhire, Scottish Mortgage Investment Trust, Taylor Wimpey,

LSE:BME B & M. Close Mid-Price: 271.4 Percentage Change: + 0.00% Day High: 271.4 Day Low: 261.6

In the event of B & M enjoying further trades beyond 271.4, the share sho ……..

Subscribe for more

</p

View Previous B & M & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 588 Percentage Change: + 0.00% Day High: 593.2 Day Low: 578.6

All BP PLC needs are mid-price trades ABOVE 593.2 to improve acceleration ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

LSE:SCLP Scancell. Close Mid-Price: 9.35 Percentage Change: + 0.00% Day High: 9.37 Day Low: 9.29

In the event Scancell experiences weakness below 9.29 it calculates with ……..

Subscribe for more

</p

View Previous Scancell & Big Picture ***

LSE:SDY Speedyhire. Close Mid-Price: 13.72 Percentage Change: + 0.00% Day High: 13.76 Day Low: 13.52

Target met. In the event Speedyhire experiences weakness below 13.52 it c ……..

Subscribe for more

</p

View Previous Speedyhire & Big Picture ***

LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1641.5 Percentage Change: + 0.00% Day High: 1652 Day Low: 1634.5

Further movement against Scottish Mortgage Investment Trust ABOVE 1652 sh ……..

Subscribe for more

</p

View Previous Scottish Mortgage Investment Trust & Big Picture ***

LSE:TW. Taylor Wimpey. Close Mid-Price: 73.46 Percentage Change: + 0.00% Day High: 74.94 Day Low: 72.18

Weakness on Taylor Wimpey below 72.18 will invariably lead to 71p with, o ……..

Subscribe for more

</p

View Previous Taylor Wimpey & 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: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:FGP Firstgroup** **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: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:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SFOR S4 Capital** **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: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

NATWEST GROUP PLC (LSE:NWG) trading around 642.60 at time of writing.

With another Formula1 weekend over, the inevitable scores were Qualifying 10 – Race 2. It rained on Saturday during qualifying, making the session genuinely entertaining whereas the race itself was a bit boring. This was especially true, the wizards directing the camera’s deciding viewers would be more interested in the lead cars procession, rather than any of the actual sport taking place in the midfield. However, it still didn’t come close to the day when a Race Director decided the entire audience wanted to watch Michael Schumacher leading the Austrian Grand Prix for around 20 laps.  It may have been more but a sound sleep ensured the race end was missed…

We distrust the current reversal cycle, given it was kicked off by a nasty piece of market manipulation (gap) on October 1st. The share price was moved downward at the market open from 688p to 679p. This broke the immediate uptrend (circled) and effectively forced the current unpleasantness. Visually there is certainly hope for a rebound at the current price level, given the prior visit to 640 in July this year.

Natwest hasn’t entirely forgotten it’s in a race for growth but the share price is currently showing some signs of reticence. From a Big Picture perspective, it seems weakness now below 633p risks triggering reversal to an initial 613p with our secondary, if broken, at 577p (hopefully a solid bounce before such a level).

Our alternate scenario, if things turn surprisingly positive, suggests above 655p should be worth paying attention to, capable of triggering share price recovery to an initial 700p with our secondary, if beaten, an eventual 738p. If insisting on playing safe, waiting until the share price exceeds 660p may prove to be the path of wisdom, a price exceeding the level of a prior trend break rarely sending false optimism.

More importantly, we’ve now two weeks worth of patience until the US Grand Prix, probably going to be renamed the Donald Trump Peace Prize Race or something equally ridiculous. After all, the guy has trashed the world economy, so perhaps he will have a go at crashing a race…

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop
11:48:43PM BRENT 10312.4 9494 9089 8626 9993 10564 10718 10878 9922
11:57:43PM GOLD 4192.56
1:13:29AM FTSE 10580
1:17:54AM STOX50 6188.8
1:20:16AM GERMANY 25168.9
1:28:09AM US500 7816.9 7763 7731 7692 7805 7822 7841 7878 7788
1:34:24AM DOW 51706.1
1:40:41AM NASDAQ 30892.3
1:49:03AM JAPAN 68852

 

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

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

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

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

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

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

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:BME B & M** **LSE:BP. BP PLC** **LSE:ECO ECO (Atlantic) O & G** **LSE:GRG Greggs** **LSE:OCDO Ocado Plc** **LSE:QED Quadrise** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Aston Martin, B & M, BP PLC, ECO (Atlantic) O & G, Greggs, Ocado Plc, Quadrise, Tesco, Taylor Wimpey,

LSE:AML Aston Martin. Close Mid-Price: 41 Percentage Change: + 0.00% Day High: 43.96 Day Low: 37.34

If the price of Aston Martin manages to move ABOVE 43.96, initial UP targ ……..

Subscribe for more

</p

View Previous Aston Martin & Big Picture ***

LSE:BME B & M. Close Mid-Price: 264.6 Percentage Change: + 0.00% Day High: 268.4 Day Low: 259.6

Target met. Further movement against B & M ABOVE 268.4 should improve acc ……..

Subscribe for more

</p

View Previous B & M & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 586.3 Percentage Change: + 0.00% Day High: 587.9 Day Low: 572.7

The next task for BP PLC is to get the price above 587.9 (not with a fake ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 32.2 Percentage Change: + 0.00% Day High: 34.3 Day Low: 30.8

Target met. If ECO (Atlantic) O & G intends to relax, the price needs to ……..

Subscribe for more

</p

View Previous ECO (Atlantic) O & G & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2108 Percentage Change: + 0.00% Day High: 2142 Day Low: 2102

Target met. Simply managing to get the share price above 2143 is the next ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:OCDO Ocado Plc. Close Mid-Price: 297 Percentage Change: + 0.00% Day High: 307 Day Low: 284.2

Target met. In the event of Ocado Plc enjoying further trades beyond 307, ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

LSE:QED Quadrise. Close Mid-Price: 0.89 Percentage Change: + 0.00% Day High: 0.944 Day Low: 0.894

Target met. If the share price of Quadrise manages to move BELOW 0.894, i ……..

Subscribe for more

</p

View Previous Quadrise & Big Picture ***

LSE:TSCO Tesco. Close Mid-Price: 503.8 Percentage Change: + 0.00% Day High: 516.2 Day Low: 501

The next task for Tesco is to get the price above 516.2 (not with a fake ……..

Subscribe for more

</p

View Previous Tesco & Big Picture ***

LSE:TW. Taylor Wimpey. Close Mid-Price: 73.44 Percentage Change: + 0.00% Day High: 75.7 Day Low: 73.36

Managing to get the share price BELOW 73.36 is the next problem level for ……..

Subscribe for more

</p

View Previous Taylor Wimpey & Big Picture ***

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

Posted on

Our Fab FTSE for FRIDAY (FTSE:UKX)

Trading around 10,441 at time of writing.

We obviously live, sleep, eat, and dream in numbers. Most of the time, there’s utter frustration, along with the doors to conspiracy theories constantly being kicked open. A current one has been establishing two “secondary” drop targets, one which means the fall is logical and market driven. But the other one throws a spanner in the works, one we’re being silly and calling the “manual control” target. As in, the conspiracy theory claims the fall is under manual control and not market forces. And as a result, a bounce should occur before our secondary target. This is an example of just how frustrating the market has become, constantly wondering if what we’re looking at is real.

At present, the FTSE has managed to play out a theoretical “manual control” scenario, our software now suggesting the visit on Thursday to 10,367 points should represent a bottom and the market must now bounce. But only if there’s a massive conspiracy finagling the FTSE! It will certainly be a little interesting to see what the days ahead hold as our silly “manual control” target presented as 10,364 points with the drop achieved being sufficiently close to justify a question mark. If we take the stance a bounce is expected, Friday should thus provide a day of gains.

Should our theory prove correct, it is allegedly the case where above 10,456 points should trigger FTSE movement to a modest 10,469 points. Our secondary, if exceeded, calculates at a slightly less modest 10,492 points. If triggered, the tightest stop is reasonable at around 10,434 points.  Hopefully “they” don’t choose to do all the work in the first second of opening.

Our alternate scenario, if the market plans one of its always hilarious “gotcha” games, will hit home, if the FTSE staggers below 10,364 points. This now has the potential to trigger reversal to an initial 10,315 points with our secondary, if broken, a slower visit to a bottom around 10,290 points.

At present, the FTSE feels worse than accidentally listening to Radio1… The index needs above 10,670 to tick a box cancelling the potential of a bottom at 10,290 points.

Have a good weekend. Hopefully Singapore provides a chaotic Formula1 Race.

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:31:06PM BRENT 10277.3 10182 10116 10324 10461 10507 10288 Success
10:34:50PM GOLD 4142.87 4106 4094 4130 4146 4155 4126
10:39:23PM FTSE 10528 10430 10384 10499 10535 10604 10502
10:44:03PM STOX50 6158 6088 6039 6185 6191 6233 6143 Success
10:54:30PM GERMANY 25000.6 24789 24768 24856 25111 25083 24920 Success
11:00:07PM US500 7771.8 7743 7732 7765 7784 7806 7759 Success
11:03:31PM DOW 51267.1 50930 50816 51150 51324 51426 51203 ‘cess
11:06:33PM NASDAQ 30725.9 30551 30441 30796 31120 31266 30906 Success
11:10:56PM JAPAN 68451 67790 66770 68210 69235 69479 68777 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:ECO ECO (Atlantic) O & G** **LSE:GRG Greggs** **LSE:MRO Melrose** **LSE:PHP Primary Health** **LSE:RKH Rockhopper** **LSE:SDY Speedyhire** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **

********

Updated charts published on : Barclays, BP PLC, ECO (Atlantic) O & G, Greggs, Melrose, Primary Health, Rockhopper, Speedyhire, Tesco,

LSE:BARC Barclays. Close Mid-Price: 426.15 Percentage Change: + 0.00% Day High: 429.3 Day Low: 420.45

Target met. If Barclays intends to relax, the price needs to get below 42 ……..

Subscribe for more

</p

View Previous Barclays & Big Picture ***

LSE:BP. BP PLC. Close Mid-Price: 584.8 Percentage Change: + 0.00% Day High: 585 Day Low: 565.6

If the price of BP PLC manages to move ABOVE 585, initial UP target becom ……..

Subscribe for more

</p

View Previous BP PLC & Big Picture ***

LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 35.4 Percentage Change: + 0.00% Day High: 36.3 Day Low: 34.5

Target met. In the event of ECO share price managing to break below 34.5 ……..

Subscribe for more

</p

View Previous ECO (Atlantic) O & G & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2094 Percentage Change: + 0.00% Day High: 2102 Day Low: 2062

Target met. Further movement against Greggs ABOVE 2102 should improve acc ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:MRO Melrose. Close Mid-Price: 438.3 Percentage Change: + 0.00% Day High: 447.8 Day Low: 431.8

Target met. Managing to get the share price BELOW 431.8 is the next probl ……..

Subscribe for more

</p

View Previous Melrose & Big Picture ***

LSE:PHP Primary Health. Close Mid-Price: 89.25 Percentage Change: + 0.00% Day High: 89.55 Day Low: 88.35

Weakness on Primary Health below 88.35 will invariably lead to 87p with s ……..

Subscribe for more

</p

View Previous Primary Health & Big Picture ***

LSE:RKH Rockhopper. Close Mid-Price: 48.05 Percentage Change: + 0.00% Day High: 49.8 Day Low: 47

If the share price of Rockhopper manages to move BELOW 47p, initial DOWN ……..

Subscribe for more

</p

View Previous Rockhopper & Big Picture ***

LSE:SDY Speedyhire. Close Mid-Price: 14.04 Percentage Change: + 0.00% Day High: 14.16 Day Low: 13.82

Continued weakness against SDY taking the price below 13.82 calculates as ……..

Subscribe for more

</p

View Previous Speedyhire & Big Picture ***

LSE:TSCO Tesco. Close Mid-Price: 500.4 Percentage Change: + 0.00% Day High: 512.6 Day Low: 476.9

Target met. In the event of TSCO share price managing to exceed 512.6 (pl ……..

Subscribe for more

</p

View Previous Tesco & Big Picture ***

LSE:TW. Taylor Wimpey. Close Mid-Price: 74.4 Percentage Change: + 0.00% Day High: 76.34 Day Low: 74.2

If Taylor Wimpey intends to relax, the price needs to get below 74.2 (but ……..

Subscribe for more

</p

View Previous Taylor Wimpey & 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:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **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:NG. National Glib** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:QED Quadrise** **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: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

Tullow Oil Plc (LSE:TLW) trading around 10.38p at time of writing.

It transpires there is something more irritating than Tullow Oil’s share price movement on September 30th. Our lawn, due the final cut of the year, has two tree stumps. One’s from an ancient fir tree, the other was once a pear tree, and both stumps remain in use for various jobs. They are ideal for lights, to hold shooting targets, or even as the anchor for the occasional tight-rope (a grand-daughter thing) Neither tree stump represents a surprise, each useful in different ways over the last 15 years.

Somehow, I managed to crash into both stumps on Wednesday afternoon. The problem was wet grass, the big chunky rear tyres driving the little tractor solidly forward. Making a sharp left turn to manoeuvre the tractor and grass cutting deck around the 1 metre tall fir tree stump failed, the big back wheels sliding the skinny front wheel straight into the stump. The steering rod bent, the wheels each now pointing inward like someone pointing the toe of each shoe at the other. It looked ridiculous and needed the tender attention of a crowbar and sledgehammer. With each wheel pointing forward after 20 minutes of battering, the tractor restarted and 2 minutes later, I repeated the performance and ran into the old pear tree stump… This time, each wheel was left pointing outward at a 45 degree angle. It was easy to make a wise decision to throw a tarp over the tractor, giving a day or two to calm down before sorting the steering out. Perhaps this year has spoiled things, becoming used to the robot lawnmower and losing tractor driving skills. But the robot does not do well on wet grass and a slope, hence retaining the little red tractor.

This, of course, brings us to Tullow Oil as their share price movements have proven as comprehensible as the tractors front wheels. Over the years, many folk were solidly fed up with the UK AIM market, due to often incoherent price movements. Trading volumes fell, traders voting with their wallets as they became fed up being the markets cash cows. By the end of 2020, the AIM market has almost revalidated itself and was starting to behave with a degree of honesty. And then, like a junkie, it felt like it had again embraced its old habits, price manipulation on 30th of September driving Tullow down into a ridiculous zone where a bottom of 4p became possible.

     

The width of the movement looks hard to justify unless it was deliberate attempt to panic traders and release some cheap shares back into the hands of the market. It feels like the folk behind the AIM (and FTSE) are failing to learn from the exodus from the UK to Europe and New York as companies become fed up with their share value failing to equal similar instruments in other countries.

In the case of Tullow, manipulated at the open on the 30th Sept from 19.5p down to 16.6p was a bad thing, reversing the share value below the Blue downtrend since 2024. On the day, with a closing price at 10.26p, it also broke the immediate Red uptrend and sent all sorts of wrong signals to the market place. In the course of a day, it broke below the Red uptrend since 2025 also, suggesting quite firmly previous trends could now be ignored, the market looking like it was intent on doing to Tullow, something similar to the current UK Governments attempts to destroy both business and society.

At present, ongoing share price movement below 7.8p risks promoting further reversal to an initial 6.2p with our secondary, if broken, a hopeful bottom with a bounce at 4p.

Of course, there’s always the risk someone will decide the drop has been overcooked. In the interests of sanity, we can describe 11.8p as a potential trigger level as movement above such a point should prove capable of a lift to an initial 15p. This would emphatically return the share value above the Red uptrend, giving a secondary at 18.2p and a return once again above the Blue downtrend. From our perspective, this would broadcast a few positive signals for the longer term, causing us to rush to our tea cups and viewing the leaves as it currently calculates as being above to double in value from our secondary level.

FUTURES

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:03:38PM BRENT 9975.6
10:07:04PM GOLD 4109.68 4067 4055 3998 4123 4147 4164 4196 4109 ‘cess
10:09:23PM FTSE 10469.7 ‘cess
10:25:22PM STOX50 6183.1 Success
10:29:10PM GERMANY 25112.4
10:31:36PM US500 7797.6 7764 7757 7735 7792 7831 7877 7934 7812
10:35:05PM DOW 51145.9 Success
10:39:03PM NASDAQ 31158.3 ‘cess
10:41:47PM JAPAN 69611 ‘cess

 

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:GRG Greggs** **LSE:ITM ITM Power** **LSE:MRO Melrose** **LSE:OCDO Ocado Plc** **LSE:OXIG Oxford Instruments** **

********

Updated charts published on : Barclays, Greggs, ITM Power, Melrose, Ocado Plc, Oxford Instruments,

LSE:BARC Barclays. Close Mid-Price: 432.05 Percentage Change: + 0.00% Day High: 444.55 Day Low: 429.7

Target met. In the event of BARC share price managing to break below 429. ……..

Subscribe for more

</p

View Previous Barclays & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2078 Percentage Change: + 0.00% Day High: 2082 Day Low: 2040

Continued trades against GRG with a mid-price ABOVE 2082 should improve t ……..

Subscribe for more

</p

View Previous Greggs & Big Picture ***

LSE:ITM ITM Power. Close Mid-Price: 89.6 Percentage Change: + 0.00% Day High: 95.5 Day Low: 89.6

If ITM Power experiences continued weakness below 89.6, it will invariabl ……..

Subscribe for more

</p

View Previous ITM Power & Big Picture ***

LSE:MRO Melrose. Close Mid-Price: 450 Percentage Change: + 0.00% Day High: 471.4 Day Low: 450

Target met. Weakness on Melrose below 450 will invariably lead to 445p wi ……..

Subscribe for more

</p

View Previous Melrose & Big Picture ***

LSE:OCDO Ocado Plc. Close Mid-Price: 286.6 Percentage Change: + 0.00% Day High: 286.6 Day Low: 260.8

Target met. The next task for Ocado Plc is to get the price above 286.6 ( ……..

Subscribe for more

</p

View Previous Ocado Plc & Big Picture ***

LSE:OXIG Oxford Instruments. Close Mid-Price: 3048 Percentage Change: + 0.00% Day High: 3256 Day Low: 3002

Target met. Further movement against Oxford Instruments ABOVE 3256 should ……..

Subscribe for more

</p

View Previous Oxford Instruments & 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: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:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:NWG Natwest** **LSE:ONT Oxford Nanopore Tech** **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!