Back in the days of yore, the share listing for Prudential Assurance used to drive us crackers, due to its lack of movement. As asteroid lands in the Gulf of Mexico, it kills off the dinosaur civilisation, and Prudential share price barely moved, other than grudgingly following whatever trend the market was trying to describe. Similarly, when the current UK Prime Minister was anointed, the replacement entity for Prudential Assurance, M&G Plc have barely paid attention to the newest captain on deck. A comedian recently quipped; “Instead of replacing Captains at the tiller, why doesn’t the UK try steering in a different direction?”. While it provoked a smile, the sentiment actually makes a lot of sense, the never ending cascade of politicians adhering to policies which don’t work is getting absurd, a situation just as silly as the BoE adhering to a failed monetary policy with Interest Rate manipulation.
But returning to M&G, the share price has slavishly followed the historical pattern delineated by Prudential Assurance, a movement of a few pence providing an exciting day for their share price. Back in 2009, a chum bought some Prudential shares, opting to dump them a couple of years later as the share price had “only” doubled since the market lows. In the interest of full disclosure, he believed the financial sector as a whole would experience sharp recovery, his purchase of Lloyds and Barclays effectively trapping his funds for a long term holiday. It’s amusing to note, now he’s back “in the money”, rather than buying a new Range Rover, he’s opted to take delivery of one of the Temu (pound shop) versions of the classic Range Rover shape, a machine called a Jaecoo which is being described as extremely boring. Inevitably, he shall be in the market for a clapped out MGB or perhaps an old motorcycle anytime soon, attempting to recapture the fun of driving. He has, at least, finally managed to factor in the cost of maintenance when buying anything for prestige purposes. (A chum binned his Bentley Continental, shortly after the fright of paying for a service! Perhaps Temu shall provide a Bentley knock off.)
While M&G Plc enjoy a fairly dull share price with daily movements usually measured in single digits, we cannot ignore the fact it achieved our historical target of 305p. exceeded it slightly and now is exploring a brave new world for the longer term. If this is indeed the case, above 360 should apparently trigger movements to an initial 383p with our secondary, if exceeded, at a future 412p and some probable hesitation.
Our alternate, hysterical scenario, suggests weakness below 340p shall trigger reversal to an initial 327p. Our longer term secondary, if broken, calculates at a future 313p.
All things considered, we are inclined to optimism.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:50:51PM | BRENT | 9020.9 | ‘cess | ||||||||
| 11:12:13PM | GOLD | 4650.14 | 4596 | 4569 | 4532 | 4658 | 4679 | 4693 | 4716 | 4644 | |
| 11:15:15PM | FTSE | 10856.4 | |||||||||
| 11:26:09PM | STOX50 | 6455.9 | |||||||||
| 11:28:41PM | GERMANY | 26132.2 | |||||||||
| 11:49:23PM | US500 | 7657.9 | 7639 | 7627 | 7604 | 7670 | 7696 | 7714 | 7739 | 7665 | ‘cess |
| 11:32:02PM | DOW | 53449 | ‘cess | ||||||||
| 11:37:53PM | NASDAQ | 29043.3 | Success | ||||||||
| 11:42:25PM | JAPAN | 65475 | Success |
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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:ASC Asos** **LSE:BME B & M** **LSE:GKP Gulf Keystone** **LSE:MRO Melrose** **LSE:NG. National Glib** **LSE:ONT Oxford Nanopore Tech** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Asos, B & M, Gulf Keystone, Melrose, National Glib, Oxford Nanopore Tech, Zoo Digital,
LSE:ASC Asos. Close Mid-Price: 404.5 Percentage Change: + 0.00% Day High: 405.5 Day Low: 380
If the price of Asos manages to move ABOVE 405.5, initial UP target becom ……..
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View Previous Asos & Big Picture ***
LSE:BME B & M. Close Mid-Price: 243.6 Percentage Change: + 0.00% Day High: 243.6 Day Low: 234.4
Target met. In the event of BME share price managing to exceed 243.6 (ple ……..
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View Previous B & M & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 183.4 Percentage Change: + 0.00% Day High: 188.8 Day Low: 181.2
Simply managing to get the share price above 188.8 is the next hurdle for ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:MRO Melrose. Close Mid-Price: 462 Percentage Change: + 0.00% Day High: 471.2 Day Low: 459.4
In the event of MRO share price managing to break below 459.4 (obviously, ……..
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View Previous Melrose & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1169.5 Percentage Change: + 0.00% Day High: 1174 Day Low: 1163.5
Managing to get the share price BELOW 1163.5 is the next problem level fo ……..
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View Previous National Glib & Big Picture ***
LSE:ONT Oxford Nanopore Tech. Close Mid-Price: 166.7 Percentage Change: + 0.00% Day High: 179.2 Day Low: 164.8
Target met. Further movement against Oxford Nanopore Tech ABOVE 179.2 sho ……..
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View Previous Oxford Nanopore Tech & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 15.75 Percentage Change: + 0.00% Day High: 15.75 Day Low: 14.5
Target met. Simply managing to get the share price above 15.75p is the ne ……..
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View Previous Zoo Digital & 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:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **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: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: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: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** **
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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!