Back in the day... a favourite bit of software was a spreadsheet package called SuperCalc. Microsoft Excel still hadn’t been assembled yet, a product which successfully cherry picked the best bits of existing main players in the spreadsheet game (Lotus123 & Supercalc) and integrated “easily” with other Microsoft products. Almost overnight, Supercalc & Lotus seemed to vanish
From a personal perspective, this was my first entry into the Car Finance game as I was asked to produce something to replace the horrid Ready Reckoner little books for car finance, utterly hated by everyone who worked in our company car showrooms. A rookie mistake was to spend a few minutes working out the correct monthly payment for a deal, only for the customer to ask “how much will it be a month, if I pay an extra £500? Customers only really wanted the monthly payment. Producing a spreadsheet with some embedded macro’s turned the finance calculation into the work of seconds and it was quickly reported back that clients tended not to question whatever figures were produced from the Apricot PC used in the car showroom.
When everything hit the fan over the victimless “crime” Close Brothers, and other financiers were involved in, I paid a bit of attention to the story though I’d been away from the car game for over 30 years. Introducing computers to business, along with some success with software, ensured a different path was taken away from my families motor trade business’s.
It was certainly a surprise seeing Close Brothers surge by 15% on news of continued loss, along with a new figure to settle claims relating to the Motor Finance Consumer Redress Scheme.
An interesting situation exists for the share price, the share value solidly exceeding the downtrend since 2021 and suggesting a new game may be afoot. As a result, above 446p looks capable of triggering further gains to an initial 470p and visually, some potential hesitation. Our longer term secondary works out at 501p which should expose the share to an attraction from a future 554p, along with plenty of visuals which demand a stall in gains as it will match a bunch of highs since 2024. Should such a level be achieved, we shall need stare hard into our tea leaves again to present a reasonable scenario for the more distant future.
Our alternate scenario, if the current situation turns out to be a trap, suggests below 375p could trigger reversal to an initial 339p with our secondary, if broken, at a probable bottom at 280p.
Fingers crossed but we suspect Close Brothers are going to head upward.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:28:29PM | BRENT | 9528.8 | |||||||||
| 9:31:09PM | GOLD | 4174.54 | |||||||||
| 9:52:47PM | FTSE | 10658.3 | 10606 | 10548 | 10473 | 10658 | 10757 | 10794 | 10856 | 10690 | Success |
| 9:57:02PM | STOX50 | 6337.5 | |||||||||
| 10:00:52PM | GERMANY | 25451.8 | |||||||||
| 10:03:38PM | US500 | 7678.4 | ‘cess | ||||||||
| 10:13:36PM | DOW | 51407.8 | |||||||||
| 10:16:25PM | NASDAQ | 30374.8 | 30223 | 30153 | 30055 | 30374 | 30446 | 30498 | 30632 | 30335 | |
| 10:20:18PM | JAPAN | 66142 | ‘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:CNA Centrica** **LSE:CPI Capita** **LSE:ECO ECO (Atlantic) O & G** **LSE:EXPN Experian** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:RKH Rockhopper** **LSE:STAN Standard Chartered** **LSE:TERN Tern Plc** **
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Updated charts published on : Centrica, ECO (Atlantic) O & G, Experian, Oxford Nanopore Tech, Oxford Instruments, Rockhopper, Standard Chartered, Tern Plc,
LSE:CNA Centrica. Close Mid-Price: 146.6 Percentage Change: + 0.00% Day High: 146.6 Day Low: 144
If the share price of Centrica manages to move BELOW 144p, initial DOWN t ……..
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View Previous Centrica & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 218 Percentage Change: + 0.00% Day High: 221 Day Low: 213.5
In the event of CPI share price managing to break below 213.5 (obviously, ……..
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View Previous Capita & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 41.8 Percentage Change: + 0.00% Day High: 41.8 Day Low: 40.1
Continued weakness against ECO taking the price below 40.1 calculates as ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 2472 Percentage Change: + 0.00% Day High: 2542 Day Low: 2438
If Experian intends to relax, the price needs to get below 2435 (but igno ……..
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View Previous Experian & Big Picture ***
LSE:ONT Oxford Nanopore Tech. Close Mid-Price: 199.4 Percentage Change: + 0.00% Day High: 201.4 Day Low: 179
Continued trades against ONT with a mid-price ABOVE 201.4 should improve ……..
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View Previous Oxford Nanopore Tech & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2976 Percentage Change: + 0.00% Day High: 3010 Day Low: 2842
Further movement against Oxford Instruments ABOVE 3010 should improve acc ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 64 Percentage Change: + 0.00% Day High: 66.8 Day Low: 64
Target met. Weakness on Rockhopper below 64 will invariably lead to 61p w ……..
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View Previous Rockhopper & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 2329 Percentage Change: + 0.00% Day High: 2360 Day Low: 2329
All Standard Chartered needs are mid-price trades ABOVE 2360 to improve a ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TERN Tern Plc. Close Mid-Price: 0.78 Percentage Change: + 0.00% Day High: 0.85 Day Low: 0.775
If Tern Plc intends to relax, the price needs to get below 0.775 (but ign ……..
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View Previous Tern Plc & Big Picture ***