Trends and Targets for 7/09/2017

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PETROFAC LTD (LSE:PFC) Why is X-Factor not shown once every four years? Everyone acknowledges 'Reality' shows are basically garbage, designed to fill these empty spaces between TV advertising. Thus, it was with considerable horror we discovered our own favourite show, "Gold Rush", is classed as Reality TV! We thought it documentary - but our reality is better than everyone else' anyway...

Seriously though, if X Factor followed the World Cup model, it would prove more interesting with a wider timeframe allowing some proper talent to emerge. Similarly, if Big Brother followed the example set by the Scottish village of Brigadoon, it would appear only once every 100 years, along with "I'm' a Nonentity, get me out".

What's this got to do with shares? The clue is the word "timeframe" (along with irritation at a granddaughters fascination with X Factor)

We never deny timeframes are our Achilles heel though, we do feel they are generally impossible to predict accurately. A recent example was RBS where we'd postulated a target of 265p. It met this target, even exceeded it and is now rummaging around in the gutter along with politicians searching for integrity. We "knew" RBS was going to hit 265p and anyone who'd followed our commentary probably cussed when the price actually bettered target. From our perspective, it didn't really matter as we also "knew" 265 would doubtless provoke some stutters anyway, so despite cursing us when it hit 270p, perhaps a round of drinks are in order with the share price slithering around 244p now. They key element was it almost had to happen but we'd no idea how long it would take.

And this is the problem with Petrofac. It has experienced a couple of good sessions recently and we feel guilty, 'cos it had ticked virtually every box to suggest the price really wants to bottom (ideally before) at 180p. At time of writing, it's trading at 444p and needs above 740p (RED) to force us to shut up about the 180p bottom potential.

But when a 4 quid share starts experiencing 8+% days, we must surely pay attention?

From a near term perspective, it seems some optimism remains possible as above just 448p calculates as entering a cycle toward 490p next. While perhaps not the most scintillating of notions, the key ingredient comes if 490p bettered as our secondary comes in at 568p. Visually, given an ambition of 490p matches the highs of earlier this year, common sense demands some stutters around such a level, so if chasing a quick trade this presents a sane target.

The 568p thing is a bit more tenuous - remembering ultimate bottom of 180p remains exerting its own brand of gravity. But with closure above 490p, it becomes a difficult thing to ignore as the price could easily accelerate beyond such a point and cover the gap from 615p.

In summary, there are some very real dangers associated with this share price and a poor news report is liable to stuff it downward sharply. For now though, the visuals imply an attempt at 490p is not out of the question and hopefully, with closure above, beyond.

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

10:30:55PM

BRENT

54.01

               

'cess

10:30:55PM

BRENT.

Expecting reversal

10:34:19PM

US CRUD

49.36

               

'cess

10:36:31PM

GOLD

1334.81

               

10:39:07PM

FTSE

7366

               

10:41:13PM

FRANCE

5122

               

10:44:56PM

GERMANY

12282

               

Success

10:46:39PM

US500

2464

               

10:50:50PM

DOW

21803

21744

21700.5

21652

21844

21860

21916

21986

21792


10:53:19PM

JAPAN

19450

19330

19248

19093

19390

19486

19557.5

19660

19380

'cess

 

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:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:EME Empyrean** **LSE:EZJ EasyJet** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:LLOY Lloyds Grp.** **LSE:PMO Premier** **LSE:RBS Royal Bank Scot** **LSE:RMG Royal Male** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **

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Updated charts published on : Asos, Aviva, Barclays, BALFOUR BEATTY, British Telecom, Empyrean, EasyJet, Genel, Hikma, British Airways, Intercontinental Hotels Group, International Personal Finance, IQE, Lloyds Grp., Premier, Royal Bank Scot, Royal Male, Standard Chartered, Tullow, UK Oils and Gas, Vectura,


LSE:ASC Asos Close Mid-Price: 5624 Percentage Change: -0.92% Day High: 5692 Day Low: 5606

Below 5606 suggests some sort of bounce around 5408 is possible but, reali ........

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LSE:AV. Aviva Close Mid-Price: 506.5 Percentage Change: -0.88% Day High: 511 Day Low: 505

Now below 505 signals 495 next with secondary 461p. Anything near term bou ........

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View Previous Aviva & Big Picture ***


LSE:BARC Barclays Close Mid-Price: 185.85 Percentage Change: -1.09% Day High: 187.2 Day Low: 184.7

Target Met. Will it bounce? To measure any movement validity, above 188 is ........

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LSE:BBY BALFOUR BEATTY Close Mid-Price: 260.4 Percentage Change: -1.18% Day High: 263 Day Low: 259

The threat of Nth Korea surprisingly isn't proving great for builders and ........

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LSE:BT.A British Telecom Close Mid-Price: 285.4 Percentage Change: -0.80% Day High: 287.35 Day Low: 283.05

Target Met. It certainly broke 284 with the result now below 281 risks 253 ........

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LSE:EMELSE:EME Empyrean. Close Mid-Price: 13 Percentage Change: + 20.93% Day High: 13.25 Day Low: 10.75

Target Met. Movement now above 13.25 points at 14p next with secondary, if ........

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LSE:EZJ EasyJet Close Mid-Price: 1151 Percentage Change: -0.43% Day High: 1172 Day Low: 1136

Target Met or close enough as below 1129 remains pointing at 1020p. Second ........

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LSE:GENLLSE:GENL Genel. Close Mid-Price: 166.5 Percentage Change: + 2.15% Day High: 166.5 Day Low: 162

Above 167 now anticipates 190 and a degree of stutters. However, the longe ........

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LSE:HIK Hikma Close Mid-Price: 1188 Percentage Change: -0.17% Day High: 1207 Day Low: 1167

It feels this share price is the victim of a game. Below 1167 and 974 appa ........

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LSE:IAG British Airways Close Mid-Price: 589.5 Downtrend now: 611.787 Uptrend now: 0 Percentage Change: -0.92% Day High: 597 Day Low: 587

Weakness below 587p brings 566p into the frame. Secondary is at 528 but we ........

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View Previous British Airways & Big Picture ***


LSE:IHG Intercontinental Hotels Group Close Mid-Price: 3749 Percentage Change: -1.52% Day High: 3811 Day Low: 3740

Target Met. Future weakness below 3740 still suggests 3670 and hopefully a ........

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LSE:IPFLSE:IPF International Personal Finance. Close Mid-Price: 207.25 Percentage Change: + 2.98% Day High: 208 Day Low: 198.5

This has finally closed above 202, so above 208 points at 215 with seconda ........

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LSE:IQELSE:IQE IQE. Close Mid-Price: 152.75 Percentage Change: + 3.91% Day High: 160 Day Low: 148.75

Target Met. Now above 160 and we still expect 171p to enter the picture. S ........

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View Previous IQE & Big Picture ***


LSE:LLOY Lloyds Grp. Close Mid-Price: 63.05 Percentage Change: -0.08% Day High: 63.27 Day Low: 62.5

We're still regarding this with a jaundiced expression as below 62.5 remai ........

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View Previous Lloyds Grp. & Big Picture ***


LSE:PMOLSE:PMO Premier. Close Mid-Price: 61.5 Percentage Change: + 4.68% Day High: 61.25 Day Low: 57.25

Target Met or close enough as above 62p should now bring 65.6p into view. ........

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View Previous Premier & Big Picture ***


LSE:RBS Royal Bank Scot Close Mid-Price: 244.6 Percentage Change: -1.53% Day High: 247.5 Day Low: 244.2

Target Met. In a slight change to the previous outlook, below 244 remains ........

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LSE:RMG Royal Male Close Mid-Price: 382.3 Percentage Change: -0.70% Day High: 386.5 Day Low: 378.7

Target Met or close enough as below 377 remains with 355 showing trampolin ........

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LSE:STAN Standard Chartered Close Mid-Price: 749.3 Percentage Change: -0.75% Day High: 753.7 Day Low: 735.4

Below 735 points at 720p with some bounce potentials. Secondary, if broken ........

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View Previous Standard Chartered & Big Picture ***


LSE:TLWLSE:TLW Tullow. Close Mid-Price: 166.5 Percentage Change: + 3.67% Day High: 166.6 Day Low: 157.8

Bettering 167 remains the next challenge to hit 170p with secondary, if be ........

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LSE:UKOGLSE:UKOG UK Oils and Gas. Close Mid-Price: 8.97 Percentage Change: + 18.48% Day High: 8.97 Day Low: 7.5

Target Met. Above 9p now signals 10.25 next with secondary calculating at ........

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LSE:VEC Vectura Close Mid-Price: 95 Percentage Change: -12.92% Day High: 108.8 Day Low: 93.55

Target Met. That took its time and hopefully it's in a position for a boun ........

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View Previous Vectura & 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:BDEV Barrett Devs** **LSE:BLVN Bowleven** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CLLN CARILLION PLC** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IEH Intelligent energy** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **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:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RED REDT** **LSE:RKH Rockhopper** **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:TSCO Tesco** **LSE:TW. Taylor Wimpey** **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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