Trends and Targets for 5/04/2018

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BARCLAYS (LSE:BARC) The banks are proving somewhat lethargic. We opted to take a glance at the parent index for the sector, the famous NMX8350 Banks Index, as it usually gives some sort of clue as to what's really happening. Current trading at 4190 points, some slight hope seems available.

By hope, we mean, perhaps a bottom is in sight fairly soon. There are indications the banking sector should bounce somewhere around the 4,000 points point, making the exercise not entirely pointless. Before continuing though, we shall have severe concerns should this index manage below 3960 as it suggests future weakness toward 3690 initially with secondary, if broken, at 3236 points. This would not bode well for banking sector share prices with the current bunch of frustrated investors forced wait longer until anything actually happens.

For BARCLAYS, there are indications the immediate slow down has perhaps eased. Our Big Picture calculation now advises the share price requires to actually CLOSE a session below 202.021 currently, indicating the price has once again retreated below the downtrend since February 2007. This would not be great, indicating our BLUE trendline cannot be trusted.

During March, the many fits and flops of Barclays price indicate we really dare not trust it unless the share somehow makes it above 220p. Growth such as this would be a surprise, going against the immediate trend of the sector index and therefore we should not expect it. However, above 220 does allow for 228 next with secondary, if bettered, at 233p and hopefully a brand new future.

Alas, this appears unlikely. Unless it betters 220p, we suspect the current cycle shall find a bottom at 191p which broadly agrees with the big picture outlook on the overall banking sector. And if 191p breaks, it almost must bounce at 188p, again agreeing with the overall sector outlook as it calculates with a vague bottoming potential between 4030 and 3960. When target levels start to bunch together, experience suggests we should expect a bounce.

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FUTURES

 


Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior


10:49:04PM

BRENT

68.14

               

'cess


10:51:06PM

GOLD

1333

               

'cess


10:53:45PM

FTSE

7106

               

Sorry


10:55:49PM

FRANCE

5187

5116

5075.5

5035

5164

5177

5219.5

5262

5141

Shambles


11:14:01PM

GERMANY

12075

               

'cess


11:15:54PM

US500

2644.97

               

Shambles


11:19:46PM

DOW

24280

               

Shambles


11:23:43PM

NASDAQ

6567

6424

6368.5

6298

6499

6635

6699

6834

6424

'cess


11:26:10PM

JAPAN

21497

               

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

 

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IHG Intercontinental Hotels Group** **LSE:IQE IQE** **LSE:KAZ Kaz Minerals** **LSE:OXIG Oxford Instruments** **LSE:RTHM Rythm One** **LSE:STAN Standard Chartered** **

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Updated charts published on : Applied Graph., Amerisur, Glencore Xstra, Hikma, HSBC, Intercontinental Hotels Group, IQE, Kaz Minerals, Oxford Instruments, Rythm One, Standard Chartered,


LSE:AGM Applied Graph. Close Mid-Price: 39 Percentage Change: -8.24% Day High: 42.5 Day Low: 38.5

2018=55

Further weakness below 38 indicates 35p next with secondary, when broken, ........

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View Previous Applied Graph. & Big Picture ***


LSE:AMER Amerisur Close Mid-Price: 13.9 Percentage Change: -8.79% Day High: 15.2 Day Low: 13.28

2017=32

Target Met. This is getting dodgy as below 13.2 indicates 10.5p initially ........

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View Previous Amerisur & Big Picture ***


LSE:GLEN Glencore Xstra Close Mid-Price: 345 Percentage Change: -3.16% Day High: 359.5 Day Low: 344.7

2018=28

Below 344 remains looking capable of a fake bounce at 332 with secondary, ........

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View Previous Glencore Xstra & Big Picture ***


LSE:HIK Hikma Close Mid-Price: 1217 Percentage Change: -0.49% Day High: 1240 Day Low: 1195.5

2018=18

Movement continuing above 1240 remains with a visit toward 1276 making sen ........

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View Previous Hikma & Big Picture ***


LSE:HSBA HSBC Close Mid-Price: 662.1 Percentage Change: -0.23% Day High: 664.9 Day Low: 650.6

2018=14

With anything below 650p and 647 remains with slight bounce potential but ........

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View Previous HSBC & Big Picture ***


LSE:IHGLSE:IHG Intercontinental Hotels Group. Close Mid-Price: 4239 Percentage Change: + 0.19% Day High: 4256 Day Low: 4161

2018=9

Movement now below 4160 is liable to provoke travel down to 4054 and ideal ........

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View Previous Intercontinental Hotels Group & Big Picture ***


LSE:IQE IQE Close Mid-Price: 113.7 Percentage Change: -9.04% Day High: 123.9 Day Low: 112.5

2018=8

This is not ideal as movement now below 112p indicates a bottom potential ........

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View Previous IQE & Big Picture ***


LSE:KAZ Kaz Minerals Close Mid-Price: 840.4 Percentage Change: -3.45% Day High: 872.6 Day Low: 823

2018=7

Target Met. We've been hoping for some sort of bounce at 826p, so anything ........

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View Previous Kaz Minerals & Big Picture ***


LSE:OXIG Oxford Instruments Close Mid-Price: 752 Percentage Change: -2.21% Day High: 773 Day Low: 746

2018=14

Above 773 remains pointing at movement toward 798 with secondary, if bette ........

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View Previous Oxford Instruments & Big Picture ***


LSE:RTHM Rythm One Close Mid-Price: 164 Percentage Change: -4.65% Day High: 172 Day Low: 161

2018=9

Below 161 still indicates 145 initially with secondary still at a "must bo ........

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View Previous Rythm One & Big Picture ***


LSE:STAN Standard Chartered Close Mid-Price: 700.8 Percentage Change: -0.45% Day High: 704.3 Day Low: 688.6

2018=14

Target Met or near enough. Now below 686 and travel down to 647 looks viab ........

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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:AFC AFC Energy** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **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:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **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:GKP Gulf Keystone** **LSE:HL. Hargreaves Lansdown** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **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:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **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:WTG Watchstone** **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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