Trends and Targets for 1/09/2017

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FTSE FOR FRIDAY and BMR GROUP (FTSE:UKX & LSE:BMR) Sometimes, we see a share behaving strangely and feel the need to say something, if it's one we know but don't cover on a daily basis for clients. On Thursday 31st Aug, BMR did something stupid, so we looked at moves from 8am until 11.30 then Tweeted about the potentials of 6p appearing, perhaps even 7.25p. Once suspension was lifted, it shot up to 6.5p before being murdered!

The unpleasant inset on the chart below illustrates our dismay. Despite a stonking surge to 6.5p, considerable care was taken to ensure the share price actually CLOSED the session below the uptrend since the start of 2016. This particular uptrend does appear important, given the circled movement at the end of June when the share was forced below the trend. It's almost like someone doesn't actually want the price to go up just yet as it closed the session at 3.75, indicating anything continuing below 3.75 should find 3.25p hopefully coated with trampoline juice.

Any bounce now continuing above 6.15p looks capable of 7.15p next with secondary coming in at 9.375p. Fingers crossed time, as usual!

Chart goes here

FTSE FOR FRIDAY  Our comments about a 'surprise' recovery at the start of September looks close to fruition. Perhaps we saw this on Thursday (usually a negative day on the FTSE) with the market appearing quite uppity. This situation now expects anything near term above 7444 to continue to an initial 7472 points with secondary, if bettered, at 7545 points. Recent behaviour has tended legislate against 100 point days on the FTSE but who knows, a new month, new optimism, and all of the USA are fully employed building an Ark apparently.

If triggered, the FTSE needs below 7416 to cancel any immediate optimism, a dangerously tight stop loss when viewed against a 100 point potential. If we attribute our lower low laws, the stop should really be 7364 points!

So what happens if 7364 is broken?

Initial weakness to 7314 looks about right. Secondary comes in at 7255 points. If triggered, stop can be at 7381 points, again surprisingly tight!

Have a good weekend.

Chart goes here

FUTURES

 

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:05:32PM

BRENT

52.78

               

Success

10:08:18PM

US CRUD

47.32

               

'cess

10:10:59PM

GOLD

1321.86

1309

1307

1304.5

1318

1323

1325.3

1329.2

1315

Success

10:14:21PM

FTSE

7435

               

'cess

10:17:48PM

FRANCE

5091.6

               

10:20:02PM

GERMANY

12074

               

'cess

10:23:06PM

US500

2470.28

2444

2442.5

2432

2454

2472

2478.75

2487

2459

'cess

10:25:30PM

DOW

21972

               

10:27:42PM

JAPAN

19673

               

Success

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 [email protected] 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:BDEV Barrett Devs** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:KAZ Kaz Minerals** **LSE:MOS Mobile Streams** **LSE:POLY Polymetal** **LSE:RBS Royal Bank Scot** **LSE:RKH Rockhopper** **LSE:TLW Tullow** **LSE:TW. Taylor Wimpey** **LSE:VED Vedanta** **LSE:WTG Watchstone** **

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Updated charts published on : Barrett Devs, Gulf Keystone, Glencore Xstra, Hargreaves Lansdown, Kaz Minerals, Mobile Streams, Polymetal, Royal Bank Scot, Rockhopper, Tullow, Taylor Wimpey, Vedanta, Watchstone,


LSE:BDEVLSE:BDEV Barrett Devs. Close Mid-Price: 624.5 Percentage Change: + 0.56% Day High: 629.5 Day Low: 621

Target Met. Movements now above 630 suggest 644 next with secondary a very ........

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View Previous Barrett Devs & Big Picture ***


LSE:GKPLSE:GKP Gulf Keystone. Close Mid-Price: 122 Percentage Change: + 0.21% Day High: 129.5 Day Low: 120.5

Target Met. Surprising GKP is showing integrity for a change. Now above 13 ........

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View Previous Gulf Keystone & Big Picture ***


LSE:GLENLSE:GLEN Glencore Xstra. Close Mid-Price: 359.5 Percentage Change: + 0.78% Day High: 366.7 Day Low: 358.5

Now above 367 tends make us suspect 374 shall provide some hiccups, if onl ........

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View Previous Glencore Xstra & Big Picture ***


LSE:HL.LSE:HL. Hargreaves Lansdown. Close Mid-Price: 1400 Percentage Change: + 2.71% Day High: 1402 Day Low: 1368

Anything above 1402 should justify 1419 next. The secondary comes in at 14 ........

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View Previous Hargreaves Lansdown & Big Picture ***


LSE:KAZLSE:KAZ Kaz Minerals. Close Mid-Price: 840.5 Percentage Change: + 2.00% Day High: 868.5 Day Low: 834

Target Met. Now above 870 signals longer term movement toward 1120 next wi ........

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View Previous Kaz Minerals & Big Picture ***


LSE:MOS Mobile Streams Close Mid-Price: 2.88 Percentage Change: -8.00% Day High: 3.12 Day Low: 2.88

Below 2.8 remains pointing at 2.5 next with secondary 2.25, the ultimate b ........

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View Previous Mobile Streams & Big Picture ***


LSE:POLY Polymetal Close Mid-Price: 884.5 Percentage Change: -5.45% Day High: 948 Day Low: 886.5

It didn't take this lot long to wither on the vine! Ongoing weakness below ........

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View Previous Polymetal & Big Picture ***


LSE:RBSLSE:RBS Royal Bank Scot. Close Mid-Price: 251.9 Percentage Change: + 1.37% Day High: 251.8 Day Low: 248.6

Near term, this is presenting the potential of movement above 253 leading ........

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View Previous Royal Bank Scot & Big Picture ***


LSE:RKH Rockhopper Close Mid-Price: 20.5 Percentage Change: -2.38% Day High: 21.25 Day Low: 20.5

So far, the bounce is a bit lacklustre but continuing above 21.25 remains ........

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View Previous Rockhopper & Big Picture ***


LSE:TLWLSE:TLW Tullow. Close Mid-Price: 156.1 Percentage Change: + 1.36% Day High: 156.7 Day Low: 150.1

This is looking fairly key and it's making complex dance steps. By moving ........

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View Previous Tullow & Big Picture ***


LSE:TW.LSE:TW. Taylor Wimpey. Close Mid-Price: 200.5 Percentage Change: + 1.37% Day High: 200.6 Day Low: 198

Above 201signals 206 as an important point of interest as closure above ma ........

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View Previous Taylor Wimpey & Big Picture ***


LSE:VEDLSE:VED Vedanta. Close Mid-Price: 852.5 Percentage Change: + 0.65% Day High: 868 Day Low: 848

Now above 868 signals 878 next with secondary 895 and some stutters. Howev ........

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View Previous Vedanta & Big Picture ***


LSE:WTGLSE:WTG Watchstone. Close Mid-Price: 98.5 Percentage Change: + 9.44% Day High: 97.5 Day Low: 87.5

Target Met. Now above 98 and 108 is the next ambition with secondary 120p ........

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View Previous Watchstone & Big Picture ***


*** End of "Updated Today" comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CLLN CARILLION PLC** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IEH Intelligent energy** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MONI Monitise** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RED REDT** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SGP Supergroup** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TSCO Tesco** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:ZOL Zoldav** **

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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!

 

Risk Warning & Notice to Investors

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.

 

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