AstraZeneca Plc (LSE:AZN) trading around 12,672p at time of writing.
When we last reviewed AstraZeneca, the share price was at 13,692p and we proposed a secondary target of just 11,757p if our drop scenario came to fruition. We even proposed the potential of a third level target down at 10,900 and something very strange occurred. The share price hit our target and overshot, the overshoot bouncing at almost exactly half way to our third level target. It almost felt like one of the grown ups had noticed what was going on and designated a bounce level for unknown reasons.
Obviously, this sort of thing hacks us off, forcing us to revisit our calculations and question every single decision. But there’s also the exquisite accuracy of a bounce level existing half way between two of our target levels. It tends to mess with our heads and strangely, we’ve recently witnessed another new phenomena. Often, in the event of market gains being artificial (essentially pretend movements designed to generate a buzz in a share price), these gains will only make it around 75% of the way to target before retreating. But, if anything then allows the price to exceed this phony 75% target, the second upward lunge will succeed with a degree of confidence which is rather unusual in the stock market. Similar illogical events also occur on the US markets, especially the Nasdaq where true gains are fairly rare, once one discounts the disproportionate effects from Apple, AMD, Alphabet, Meta, Tesla, and Nvidia just one of whom can give the impression the Nasdaq is enjoying a stonking day. Ideally, the Nasdaq is now in the situation where it should designate a Premier League and move the heavies away, creating two separate index’ which shall be representative. At least in our opinion as it’s becoming a nuisance, seeing the Nasdaq reported with stunning movements but on the ground amongst real shares who’re not part of the current AI bubble, the market has been stable at best, really negative at worst. More than a few Nasdaq shares are experiencing All Time Lows!
To return to the UK and “sanity”, we can quickly carry out a little experiment against AZN. Apparently, it is currently the case where now above 12,688p should trigger gains to an initial 13,330 with our secondary, if beaten, at a confident 13,588p. This initial target of 13,330 is our 75% target level, one where we suspect the share price may hesitate until such point the market climate proves sufficient to drive itself above, making a visit to our 13,588 pretty certain.
If we adopt this theory, we’d previously have provided 13,688p as our initial target with our secondary of 14,809p called a long term target which would probably require luck and patience. It will be interesting to watch if this game plan works out.
Our alternate scenario, one is unfortunately more visually likely, presents the potential for reversals for the share.
Below 11,598 threatens to trigger reversals to an initial 11,203p with our secondary, if broken, down at 8,862p. This would represent a return to price levels not seen since 2022, an interesting thing given the idea of a Covid jag seems to have escaped the NHS here in Scotland, the only vaccination mentioned (so far) being the obligatory winter flu one. Usually, they aim to inject both arms, one with the unpleasant Flu jab, the other with the Covid jab but this year, only Flu is mentioned. Perhaps this change in strategy shall impact the major vaccine supplier, such as AstraZeneca?

FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:04:15PM | BRENT | 9483.8 | ‘cess | ||||||||
| 11:08:25PM | GOLD | 4361.47 | ‘cess | ||||||||
| 11:13:38PM | FTSE | 10745.4 | 10701 | 10686 | 10656 | 10740 | 10775 | 10791 | 10821 | 10735 | |
| 11:41:00PM | STOX50 | 6348.5 | 6284 | 6262 | 6229 | 6335 | 6364 | 6383 | 6406 | 6314 | |
| 10:54:46PM | GERMANY | 25683.5 | ‘cess | ||||||||
| 11:31:24PM | US500 | 7765.6 | |||||||||
| 11:37:09PM | DOW | 51868.8 | Success | ||||||||
| 11:41:19PM | NASDAQ | 30751.8 | |||||||||
| 11:45:31PM | JAPAN | 67030 |
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:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:EMG MAN** **LSE:OXIG Oxford Instruments** **LSE:SMT Scottish Mortgage Investment Trust** **
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Updated charts published on : Aston Martin, Asos, BALFOUR BEATTY, B & M, British Telecom, MAN, Oxford Instruments, Scottish Mortgage Investment Trust,
LSE:AML Aston Martin. Close Mid-Price: 32.62 Percentage Change: + 0.00% Day High: 34.08 Day Low: 32.3
Weakness on Aston Martin below 32.3 will invariably lead to 30p with seco ……..
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View Previous Aston Martin & Big Picture ***
LSE:ASC Asos. Close Mid-Price: 433 Percentage Change: + 0.00% Day High: 440 Day Low: 426
All Asos needs are mid-price trades ABOVE 440 to improve acceleration tow ……..
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View Previous Asos & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 935 Percentage Change: + 0.00% Day High: 951 Day Low: 925.5
In the event of BBY share price managing to exceed 951 (please, not an in ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:BME B & M. Close Mid-Price: 251.8 Percentage Change: + 0.00% Day High: 252.6 Day Low: 245.6
Further movement against B & M ABOVE 252.6 should improve acceleration to ……..
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View Previous B & M & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 191.45 Percentage Change: + 0.00% Day High: 199.85 Day Low: 191.45
Managing to get the share price BELOW 191.45 is the next problem level fo ……..
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View Previous British Telecom & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 340 Percentage Change: + 0.00% Day High: 348.8 Day Low: 340
If the price of MAN manages to move ABOVE 348.8, initial UP target become ……..
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View Previous MAN & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2936 Percentage Change: + 0.00% Day High: 2998 Day Low: 2890
In the event of OXIG share price managing to exceed 2998 (please, not an ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1572.5 Percentage Change: + 0.00% Day High: 1576 Day Low: 1548
The next task for Scottish Mortgage Investment Trust is to get the price ……..
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View Previous Scottish Mortgage Investment Trust & 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:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BLOE Block Energy PLC** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **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: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: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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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!









