Trends and Targets for 13/09/2017

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FERRARI (NYSE:RACE) Some folk suspect trends can reliably predict the future. If this is so, apparently the Ferrari Formula 1 team probably face a pretty lacklustre weekend in Singapore as early trend signals are not great. Of course, the folks who know about "stuff" predict Singapore is a weekend where Ferrari should actually do rather well, whereas Mercedes are not highly rated. (Our interest in F1 Fundamentals is showing!)

Ferrari shares are currently trading around 109.94 and need only skid below 108.9 to confirm our suspicions as weakness to 102.6 looks viable. A movement such as this will prove dangerous as it's capable of triggering a further crash in the direction of 93.17.

To rubbish the suggestion, the share price requires better 115.88, so there's the stop loss level for those who believe the RED team are about to watch their world championship potentials race off into the sunset. Or, in the case of Singapore, the streetlight. (for those who correctly ignore F1, Singapore is a night-time event)

However, there is always a "however".

If we draw a trend line from the last major manipulation against Ferrari back at the start of May (there's a theory these big gaps signify a new trend starting) any coming reversal down to the 93 level is liable to bounce from the trend line as visually, there's a good chance the share price is simply gathering momentum for a future surge above its all time high at 118p.

Therefore, in theory above 115.88 should start a trend to 129 next initially but realistically we could dream of 142 in the future, assuming the team manage not to screw up the world championship. If triggered, the stop could be 112 but we'd prefer inject the fuel of sanity. Chasing a trade like this only becomes sane, should Ferrari actually better 118 again and thus, an entry point above the prior high will present the safest option.

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

9:43:58PM

BRENT

54.26

               

'cess

9:48:13PM

US CRUD

48.7

47.37

46.57

45.55

48.24

49.09

49.85

51.2

47.6

'cess

9:54:25PM

GOLD

                 

'cess

9:56:22PM

FTSE

                 

Shambles

10:02:36PM

FRANCE

                 

Success

10:05:16PM

GERMANY

                 

'cess

10:08:11PM

US500

2497

2467

2461

2449

2485

2497

2502.5

2531

2469

Success

10:11:07PM

DOW

22134

               

'cess

10:13:34PM

JAPAN

19880

               

'cess

10:13:34PM

JAPAN.

Rubbish stops

 

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:BARC Barclays** **LSE:CAR Carclo** **LSE:EME Empyrean** **LSE:FOXT Foxtons** **LSE:GLEN Glencore Xstra** **LSE:LLOY Lloyds Grp.** **LSE:POLY Polymetal** **LSE:RBS Royal Bank Scot** **LSE:STAN Standard Chartered** **LSE:WTG Watchstone** **

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Updated charts published on : Barclays, Carclo, Empyrean, Foxtons, Glencore Xstra, Lloyds Grp., Polymetal, Royal Bank Scot, Standard Chartered, Watchstone,


LSE:BARCLSE:BARC Barclays. Close Mid-Price: 191.35 Percentage Change: + 2.52% Day High: 192.35 Day Low: 186.3

Anything near term ^up above 188.5p should bring an initial 193.3p with se ........

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View Previous Barclays & Big Picture ***


LSE:CAR Carclo Close Mid-Price: 136.12 Percentage Change: -3.11% Day High: 140 Day Low: 131

Target Met. By breaking 131, we must now hope for a bounce from 125p and h ........

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View Previous Carclo & Big Picture ***


LSE:EME Empyrean Close Mid-Price: 24.62 Percentage Change: -11.66% Day High: 30.75 Day Low: 24.5

Hopefully all this represents is an attempt to slow down the pace of asce ........

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View Previous Empyrean & Big Picture ***


LSE:FOXT Foxtons Close Mid-Price: 79.75 Percentage Change: -1.24% Day High: 81.5 Day Low: 77.75

Continued discount below 77p suggests 76p next with secondary, if broken, ........

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View Previous Foxtons & Big Picture ***


LSE:GLENLSE:GLEN Glencore Xstra. Close Mid-Price: 372.5 Percentage Change: + 0.87% Day High: 374.7 Day Low: 368.85

Target Met. We still suspect some stutters around the current level and be ........

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View Previous Glencore Xstra & Big Picture ***


LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 64.84 Percentage Change: + 1.90% Day High: 65.02 Day Low: 63.65

We feel like victims of a practicle joke as beating our 65 by just 0.02p w ........

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View Previous Lloyds Grp. & Big Picture ***


LSE:POLY Polymetal Close Mid-Price: 858.5 Percentage Change: -1.15% Day High: 873.5 Day Low: 852

Ongoing weakness below 852 looks like 836 next and hopefully some sort of ........

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View Previous Polymetal & Big Picture ***


LSE:RBSLSE:RBS Royal Bank Scot. Close Mid-Price: 249.7 Percentage Change: + 2.42% Day High: 250.1 Day Low: 243.6

Near term, movement ^up above 250.1 should bring 252.55 into view, fairly ........

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View Previous Royal Bank Scot & Big Picture ***


LSE:STANLSE:STAN Standard Chartered. Close Mid-Price: 753.9 Percentage Change: + 0.57% Day High: 758.5 Day Low: 744.4

This is showing early signs of something happening as above 760 signals ne ........

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View Previous Standard Chartered & Big Picture ***


LSE:WTG Watchstone Close Mid-Price: 91 Percentage Change: -2.80% Day High: 91.5 Day Low: 91

We're never entirely comfortable with this lots intentions but near term, ........

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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:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CLLN CARILLION PLC** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **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:KAZ Kaz Minerals** **LSE:LMI LonMin** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **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:RKH Rockhopper** **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:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VED Vedanta** **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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