#FTSE #WallSt & Fiskars
Some extraordinary levels of customer service drew Fiskars to our attention. We’d never heard of them, despite the company being around 500 years old. While relative newbies compared to Aberdeen Harbour (nearly 1,000 years), the company own Gerber***, makers of the fantastic multi-tool which seems to last forever.
Except, my own Gerber experienced a snap on the narrow screwdriver head. The tool was about 15 years old, my ‘goto’ device when literally doing anything but the challenge of an electric component proved a step too far. I’d often wondered just what could make a Gerber fail as, utterly aghast at it being the screws holding a plug socket together. Someone suggested contacting the supplier, probably in an effort to stop my moans, and tongue in cheek, I did so. Admitted the receipt for the 89 quid tool was long gone, asking if they operated a repair operation or could supply spare parts was a reasonable approach. It transpired Gerber tools have a 25 year warranty and all that was required was a photograph of the calamity, so they could consider my case.
This was on Wednesday and a photograph was emailed on Thursday. Later in the day, they again emailed, telling to expect a free replacement in a few days! And to just hang onto the old Gerber.
Obviously, deciding to check out the company more fully led to the discovery of their owner, Fiskars Group, a company from Finland with a listing on London, priced in Euro’s. Expecting the price to be soaring, it was a mild surprise to note it’s currently in a slight reversal cycle. Presently trading around 19€, it appears weakness below 18.9 risks reversal to an initial 17.44€ with a pretty strong argument favouring a bounce. Should the 17.44 level break, eventual bottom calculates down at 14€ and we’d suggest it worth watching for a real bounce.
While our experience with their customer service risks our attitude being rose tinted, the converse scenario allows movement above 20€ to point at recovery to an initial 22€. If bettered, a fascinating longer term cycle to an eventual 31€ looks extremely possible. Hopefully it shall not take another 500 years!
***Do not confuse Gerber multi-tools with junk copies sold in petrol stations or found in Xmas crackers.
FTSE for Friday (FTSE:UKX) This week has been fascinating with the FTSE. In North America, and to a lesser degree, Europe, stock markets are proving quite volatile. Whether it’s a Covid-19 thing or, more possibly, related to China Evergrande again missing bond payments, watching the FTSE somehow managing to avoid slavishly follow the rest of the world proved a welcome relief. It almost makes us wonder if the UK markets position now means everything is ‘factored in’ and we’re at a level where some positive thought can be allowed. When we started our report on the FTSE last week, providing a confident attitude was a truly unusual experience. Despite other markets experience 2%+ down days, the FTSE maintained a stiff upper lip and a positive attitude remains available for the start of October.
Our favoured cliche, “if it ain’t going down, it’s going up” shall hopefully come into play anytime soon.
Near term, movements above 7143 look capable of triggering FTSE travel to an initial 7185 points. In the event London manages above 7185 points, things start to get interesting pretty fast as our secondary calculates at 7265 points. An ambition such as this secondary risks being ‘game changing’ for the longer term, presenting an official higher high and again giving considerable hope the market is breaking free of the hiatus which has been 2021.
The flip side of the coin comes, should London find sufficient excuse to wither below 7072 points. This scenario calculates with the potential of weakness to an initial 7053 points. If broken, our secondary works out at 7006 points.
Have a good weekend. Me, I’m planning the funeral for a posh set of pliers, my old Gerber.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:49:46PM | BRENT | 78.33 | 76.5 | 75.93 | 78.04 | 79.28 | 79.53 | 77.85 | Shambles | ||
| 10:51:35PM | GOLD | 1757.2 | 1722 | 1720 | 1741 | 1765 | 1770 | 1743 | Success | ||
| 10:53:58PM | FTSE | 7078.83 | 7047 | 7021 | 7104 | 7105 | 7124 | 7053 | |||
| 10:56:01PM | FRANCE | 6503.5 | 6488 | 6454.5 | 6533 | 6565 | 6572 | 6527 | Success | ||
| 10:57:52PM | GERMANY | 15242 | 15193 | 15125.5 | 15319 | 15350 | 15377.5 | 15230 | |||
| 11:01:10PM | US500 | 4311.22 | 4302 | 4282.5 | 4365 | 4365 | 4378 | 4345 | Shambles | ||
| 11:04:18PM | DOW | 33901 | 33822 | 33658 | 34170 | 34324 | 34374 | 34058 | |||
| 11:06:37PM | NASDAQ | 14716 | 14683 | 14576 | 14850 | 14897 | 14932 | 14785 | ‘cess | ||
| 11:08:59PM | JAPAN | 29324 | 29248 | 29168.5 | 29413 | 29585 | 29617 | 29455 | Success |
30/09/2021 FTSE Closed at 7086 points. Change of -0.31%. Total value traded through LSE was: £ 7,127,714,126 a change of 20.18%
29/09/2021 FTSE Closed at 7108 points. Change of 1.14%. Total value traded through LSE was: £ 5,930,956,235 a change of -17.13%
28/09/2021 FTSE Closed at 7028 points. Change of -0.5%. Total value traded through LSE was: £ 7,157,189,596 a change of 15.93%
27/09/2021 FTSE Closed at 7063 points. Change of 0.17%. Total value traded through LSE was: £ 6,173,668,955 a change of 22.77%
24/09/2021 FTSE Closed at 7051 points. Change of -0.38%. Total value traded through LSE was: £ 5,028,502,526 a change of -6.23%
23/09/2021 FTSE Closed at 7078 points. Change of -0.07%. Total value traded through LSE was: £ 5,362,462,206 a change of 4.68%
22/09/2021 FTSE Closed at 7083 points. Change of 1.48%. Total value traded through LSE was: £ 5,122,671,663 a change of -18.56%
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:ASC Asos** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:CBX Cellular Goods** **LSE:CNA Centrica** **LSE:DDDD 4D Pharma** **LSE:DGE Diageo** **LSE:FOXT Foxtons** **LSE:GENL Genel** **LSE:IAG British Airways** **LSE:NG. National Glib** **LSE:ODX Omega Diags** **LSE:PHP Primary Health** **LSE:RBD Reabold Resources PLC** **LSE:RMG Royal Mail** **LSE:SDY Speedyhire** **LSE:SPX Spirax** **LSE:VEC Vectura** **
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Updated charts published on : Asos, Barclays, Barrett Devs, Cellular Goods, Centrica, 4D Pharma, Diageo, Foxtons, Genel, British Airways, National Glib, Omega Diags, Primary Health, Reabold Resources PLC, Royal Mail, Speedyhire, Spirax, Vectura,
LSE:ASC Asos Close Mid-Price: 3002 Percentage Change: -7.43% Day High: 3219 Day Low: 2967
If Asos experiences continued weakness below 2967, it will invariably lea ……..
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View Previous Asos & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 189.6 Percentage Change: + 0.97% Day High: 191.38 Day Low: 188.46
Continued trades against BARC with a mid-price ABOVE 191.38 should improv ……..
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View Previous Barclays & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 660.4 Percentage Change: -1.46% Day High: 660.8 Day Low: 646.4
Weakness on Barrett Devs below 646.4 will invariably lead to 643 with sec ……..
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View Previous Barrett Devs & Big Picture ***
LSE:CBX Cellular Goods. Close Mid-Price: 6.68 Percentage Change: + 13.22% Day High: 6.95 Day Low: 5.88
All Cellular Goods needs are mid-price trades ABOVE 7 to improve accelera ……..
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View Previous Cellular Goods & Big Picture ***
LSE:CNA Centrica. Close Mid-Price: 56.68 Percentage Change: + 0.64% Day High: 57.16 Day Low: 56.36
Continued trades against CNA with a mid-price ABOVE 57.16 should improve ……..
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View Previous Centrica & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 60.4 Percentage Change: -0.33% Day High: 64 Day Low: 56
Target met. In the event 4D Pharma experiences weakness below 56 it calcu ……..
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View Previous 4D Pharma & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3606 Percentage Change: + 1.25% Day High: 3666 Day Low: 3591.5
In the event of Diageo enjoying further trades beyond 3666, the share sho ……..
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View Previous Diageo & Big Picture ***
LSE:FOXT Foxtons Close Mid-Price: 50 Percentage Change: -1.77% Day High: 51 Day Low: 49.05
Continued weakness against FOXT taking the price below 49.05 calculates a ……..
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View Previous Foxtons & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 142.4 Percentage Change: + 1.57% Day High: 145.2 Day Low: 138.6
Continued trades against GENL with a mid-price ABOVE 145.2 should improve ……..
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View Previous Genel & Big Picture ***
LSE:IAG British Airways Close Mid-Price: 178.5 Percentage Change: -4.38% Day High: 188.2 Day Low: 177.3
In the event of British Airways enjoying further trades beyond 188.2, th ……..
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View Previous British Airways & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 884.6 Percentage Change: -1.53% Day High: 903.6 Day Low: 883.8
Target met. In the event National Glib experiences weakness below 883.8 i ……..
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View Previous National Glib & Big Picture ***
LSE:ODX Omega Diags Close Mid-Price: 45 Percentage Change: -4.26% Day High: 47 Day Low: 44.5
If Omega Diags experiences continued weakness below 44.5, it will invaria ……..
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View Previous Omega Diags & Big Picture ***
LSE:PHP Primary Health Close Mid-Price: 150.9 Percentage Change: -0.40% Day High: 153.2 Day Low: 150.7
Target met. In the event Primary Health experiences weakness below 150.7 ……..
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View Previous Primary Health & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.16 Percentage Change: -15.79% Day High: 0.2 Day Low: 0.16
Target met. In the event Reabold Resources PLC experiences weakness below ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:RMG Royal Mail Close Mid-Price: 421.2 Percentage Change: -3.62% Day High: 448.7 Day Low: 417.2
Target met. Weakness on Royal Mail below 417.2 will invariably lead to 38 ……..
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View Previous Royal Mail & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 63.6 Percentage Change: -1.55% Day High: 65.9 Day Low: 63.6
Weakness on Speedyhire below 63.6 will invariably lead to 55 is ever pres ……..
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View Previous Speedyhire & Big Picture ***
LSE:SPX Spirax Close Mid-Price: 14970 Percentage Change: -0.50% Day High: 15265 Day Low: 14925
Continued weakness against SPX taking the price below 14925 calculates as ……..
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View Previous Spirax & Big Picture ***
LSE:VEC Vectura Close Mid-Price: 164.6 Percentage Change: -0.24% Day High: 170.4 Day Low: 164.8
Continued trades against VEC with a mid-price ABOVE 170.4 should improve ……..
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View Previous Vectura & Big Picture ***