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 This is good news for our family of 5 Ravens, each of which loves our supply of 50p “out of date petrol station bread” loaves.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** **
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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 ……..
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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 ……..
</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 ……..
</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 ……..
</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 ……..
</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 ……..
</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** **
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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!