#Supergirl #StarTrek They say a week is a long time in politics. In the stock market—and for Barclays in particular—the three weeks since our last look at the share price have felt like a lifetime.
The shares briefly hinted at a bullish breakout before immediately reversing course the following day, generating what amounted to a “cancel” signal as the price was manipulated (or gapped) below the blue line on the chart. That is not an encouraging development. There is now a growing likelihood that a move below 504p will lead to a test of 453p. Should that level fail to hold, our longer-term secondary target remains 420p, although our confidence in that outcome is lower. For anyone considering a short position, a break below 486p would represent a more prudent point at which to light the fuse.
The recent price action reminds us of the new series of Star Trek: Strange New Worlds. Episode one featured spectacular writing, with the Starship Enterprise seemingly responsible for the existence of the Asteroid Belt, the extinction of the dinosaurs, the reason Mars is red and lifeless, and even the chain of events that ultimately led to the rise of humanity. About the only achievement they didn’t credit Captain Kirk with was creating Coronation Street—that popular police drama supposedly set in the north of England. (Surely it’s only a matter of time before Reg from The Bill makes a guest appearance!)
Then came episode two, which, for this viewer at least, was a major disappointment. It was bad enough that we switched off halfway through. If Barclays’ price action on 27 July was episode one, then the move on 30 July was undoubtedly episode two, completely overturning our expectations for the near-term outlook.
On a more positive note, perhaps Barclays has ambitions to emulate the new Supergirl film. We went into the cinema expecting the worst, only to find an entertaining film that wisely refused to take itself too seriously. Its central theme was not unlike the John Wick franchise: just as you don’t mess with John Wick’s dog, you certainly don’t mess with Supergirl’s. With the grandchildren visiting, we naturally had the perfect excuse for a trip to the local cinema.
Should Barclays decide to embrace its inner superhero, a move above 521p would be expected to trigger an advance towards 528.5p. A decisive break above 528.5p—or, preferably, a daily close above that level—would open the door to our longer-term target of 584p, with a more ambitious third target sitting at 639p.
For now, however, the chart suggests Barclays is playing a game of “Will I Stay or Will I Go?” It wouldn’t take much buying pressure to break free in either direction, and the next decisive move could set the tone for the weeks ahead.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 6:23:09PM | BRENT | 8977.1 | 8056 | 7678 | 6929 | 8776 | 9925 | 10690 | 11219 | 8787 |
| 6:28:21PM | GOLD | 4042.72 | ||||||||
| 6:51:45PM | FTSE | 10871.4 | ||||||||
| 11:13:39PM | STOX50 | 6365.8 | ||||||||
| 11:15:33PM | GERMANY | 25825 | 25553 | 25456 | 25322 | 25715 | 25900 | 26033 | 26193 | 25771 |
| 11:17:35PM | US500 | 7518.5 | 7491 | |||||||
| 11:19:44PM | DOW | 52658.3 | 52534 | |||||||
| 11:21:48PM | NASDAQ | 28440.8 | 28384 | |||||||
| 11:24:26PM | JAPAN | 63668 | 63300 |
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:AV. Aviva** **LSE:GENL Genel** **LSE:HSBA HSBC** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:STAN Standard Chartered** **
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Updated charts published on : Aviva, Genel, HSBC, Lloyds Grp., Natwest, Rolls Royce, SAGA Plc, Sainsbury, Standard Chartered,
LSE:AV. Aviva. Close Mid-Price: 693.4 Percentage Change: + 0.00% Day High: 700.2 Day Low: 691.6
If the price of Aviva manages to move ABOVE 700.2, initial UP target beco ……..
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View Previous Aviva & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 50.5 Percentage Change: + 0.00% Day High: 51 Day Low: 48.2
In the event of GENL share price managing to break below 48.2 (obviously, ……..
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View Previous Genel & Big Picture ***
LSE:HSBA HSBC. Close Mid-Price: 1576 Percentage Change: + 0.00% Day High: 1604.4 Day Low: 1566.4
All HSBC needs are mid-price trades ABOVE 1604.4 to improve acceleration ……..
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View Previous HSBC & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 114.7 Percentage Change: + 0.00% Day High: 117.6 Day Low: 113.85
Target met. The next task for Lloyds Grp. is to get the price above 117.6 ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 705.8 Percentage Change: + 0.00% Day High: 722.4 Day Low: 688.2
Target met. In the event of NWG share price managing to exceed 722.4 (ple ……..
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View Previous Natwest & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 1467.8 Percentage Change: + 0.00% Day High: 1520.2 Day Low: 1445.6
Simply managing to get the share price above 1520.2 is the next hurdle fo ……..
</p
View Previous Rolls Royce & Big Picture ***
LSE:SAGA SAGA Plc. Close Mid-Price: 672 Percentage Change: + 0.00% Day High: 695 Day Low: 647
All SAGA Plc needs are mid-price trades ABOVE 695 to improve acceleration ……..
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View Previous SAGA Plc & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 359.4 Percentage Change: + 0.00% Day High: 379.5 Day Low: 357.5
Target met. In the event of SBRY share price managing to exceed 379.5 (pl ……..
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View Previous Sainsbury & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 2188 Percentage Change: + 0.00% Day High: 2253 Day Low: 2177
The next task for Standard Chartered is to get the price above 2253 (not ……..
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View Previous Standard Chartered & 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: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:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NG. National Glib** **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:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **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!
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Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.