Kier Group for 4/06/2019

#Gold #SP500 We received a few emails, asking if Kier was at “bottom” following the thrashing their share price received. We suspect last months news of their Finance Director “stepping down” should have provided sufficient warning something was brewing but a minus 41% day was not fun to watch.

Amazingly, there is a chance it has indeed bottomed at 157p and we’d normally hope for a bounce at this level. There is one important warning worthy of consideration and it’s fairly simple. If, for any reason, the price now CLOSES below 157p, we can calculate 70p with some bottoming potentials. And that’s it. Anything else produced now is prefaced with a minus sign.

In normal circumstances, we’d hope 157p shall indeed produce some sort of rebound and anything now continuing above 176.5p calculates with an initial target at 187p. If exceeded, our secondary comes in at 195p. Only in the event of 195p being exceeded dare we start to suspect a rebound shall prove genuine as a surge to 234p becomes possible.

Instead, our suspicion is of 157p being used as “bottom” in the days ahead, essentially permitting the price to bounce around for a while within the 157 to 195 range. By any standards, this looks a fairly useful trading range. But do remember, below 157p and our last chance saloon calculates at 70p.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:44:49PM

BRENT

60.65

               

9:47:36PM

GOLD

1325.18

1315

1311.5

1306

1322

1329

1333

1337

1317

Success

9:51:28PM

FTSE

7181.49

               

‘cess

9:54:52PM

FRANCE

5212

               

‘cess

9:57:37PM

GERMANY

11781

               

‘cess

10:00:50PM

US500

2753.47

2728

2719.5

2705

2756

2759

2770

2784

2730

Success

10:03:34PM

DOW

24913.3

               

‘cess

10:14:41PM

NASDAQ

7007

               

Success

10:17:06PM

JAPAN

20466

               

3/06/2019 FTSE Closed at 7184 points. Change of 0.32%. Total value traded through LSE was: £ 5,482,318,387 a change of -12.64%

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