Woodbois Ltd, a growing prospect?

#SP500 #WallSt An email asking our thoughts on Woodbois couldn’t be ignored. Anything relating to timber fascinates, perhaps due to our exploits with a chainsaw constantly proving there is some skill in tree butchery, skill which proved completely absent last weekend. Following instructions from the chainsaw owners manual, a 40 foot Holly tree was felled, quite dramatically. Falling the wrong way, a restraint rope ensured the trees final murderous ambitions were spoiled. Unfortunately, the rope also allowed the dead tree to pivot 180 degrees in mid-air, looking very like it intended replant itself the wrong way up. We didn’t see what happened next, being rather busy running away, but somehow, the thing fell exactly where it was supposed to.

The problem had been caused by a rotten section at the bottom of the trunk and as the tree weight moved, this section immediately imploded. How we laughed…

 

To judge by Woodbois website, they foolishly don’t use software designers nor surveyors to work their timber. Instead, this Africa focused timber specialist employ folk who know what they’re doing, sourcing sustainable timber for supply to an international customer base. Recent share price movements tend suggest some recovery is probable, especially as the share in now trading above the pre-Covid19 high, something we’re inclined to view optimistically as it generally bodes well for the future.

As a relevant aside, the chum assisting with the tree incident is a surveyor, choosing to visit to ‘have some fun’ as he’s battling a full diary of work, due to the building and construction industries clearly making plans for the future. Historically, we’ve found the level of work he faces tends provide a useful barometer for market direction. When he’s busy, the markets tend head up!

Presently trading around 6.9p, Woodbois need only exceed 7p to suggest near term travel to an initial 8p. If exceeded, our longer term secondary is slightly confusing at either 9.5p or 10.5p. The culprit for this confusion is circled in Red on the chart, an illogical manipulation gap in July of last year. Visually, an attempt at the 10.5p level makes some sense thanks to previous share price hesitation back in 2018.

For things to go horribly wrong, the share price needs relax below 4.8p as this introduces the potential of a visit to 3p eventually.

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Hey, 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
10:01:17PM BRENT 66.59 Success
10:03:45PM GOLD 1781.96 Success
10:26:51PM FTSE 6968 Shambles
10:36:26PM FRANCE 6301 Success
10:41:48PM GERMANY 15303 Success
10:43:52PM US500 4192 4180 4174 4165 4195 4201 4210.5 4223 4181 ‘cess
10:46:44PM DOW 33814 33791 33760 33682 33901 33969 34026 34104 33879 ‘cess
10:48:55PM NASDAQ 13984 ‘cess
10:51:43PM JAPAN 28939 Shambles
28/04/2021 FTSE Closed at 6963 points. Change of 0.27%. Total value traded through LSE was: £ 5,695,013,979 a change of 9.25%
27/04/2021 FTSE Closed at 6944 points. Change of -0.27%. Total value traded through LSE was: £ 5,212,742,605 a change of 17.08%
26/04/2021 FTSE Closed at 6963 points. Change of 0.36%. Total value traded through LSE was: £ 4,452,134,004 a change of -2.38%
23/04/2021 FTSE Closed at 6938 points. Change of 0%. Total value traded through LSE was: £ 4,560,582,809 a change of -19.42%
22/04/2021 FTSE Closed at 6938 points. Change of 0.62%. Total value traded through LSE was: £ 5,660,042,698 a change of 11.95%
21/04/2021 FTSE Closed at 6895 points. Change of 0.52%. Total value traded through LSE was: £ 5,055,857,470 a change of -18.68%
20/04/2021 FTSE Closed at 6859 points. Change of -2.01%. Total value traded through LSE was: £ 6,216,900,407 a change of 19.04%

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

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

Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:EXPN Experian** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:QFI Quadrise** **LSE:TLW Tullow** **LSE:TSCO Tesco** **

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Updated charts published on : BALFOUR BEATTY, British Telecom, Carclo, Experian, Fresnillo, Genel, Hikma, Hargreaves Lansdown, Lloyds Grp., Natwest, Quadrise, Tullow, Tesco,

LSE:BBY BALFOUR BEATTY Close Mid-Price: 320.8 Percentage Change: -0.62% Day High: 325.8 Day Low: 315.2

Target met. Further movement against BALFOUR BEATTY ABOVE 325.8 should im ……..

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LSE:BT.ALSE:BT.A British Telecom. Close Mid-Price: 159.85 Percentage Change: + 0.79% Day High: 160.55 Day Low: 158.7

All British Telecom needs are mid-price trades ABOVE 160.55 to improve ac ……..

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LSE:CARLSE:CAR Carclo. Close Mid-Price: 41.4 Percentage Change: + 3.50% Day High: 42.8 Day Low: 40.3

Target met. In the event of Carclo enjoying further trades beyond 42.8, t ……..

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LSE:EXPN Experian Close Mid-Price: 2786 Percentage Change: -0.36% Day High: 2808 Day Low: 2772

All Experian needs are mid-price trades ABOVE 2808 to improve acceleratio ……..

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LSE:FRES Fresnillo Close Mid-Price: 850.2 Percentage Change: -4.11% Day High: 876.8 Day Low: 847.4

Weakness on Fresnillo below 847.4 will invariably lead to 758 with second ……..

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LSE:GENL Genel Close Mid-Price: 163 Percentage Change: -0.49% Day High: 166.4 Day Low: 162.2

This is on the edge of nasty thanks to movement below 158 risking a trigge ……..

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LSE:HIKLSE:HIK Hikma. Close Mid-Price: 2325 Percentage Change: + 0.17% Day High: 2330 Day Low: 2295

This is still feeling a bit odd as weakness now below 2295 points at 2252 ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 1626.5 Percentage Change: -1.42% Day High: 1663.5 Day Low: 1621.5

Continued travels below 1620 now suggest a drop to an initial 1576. If bro ……..

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LSE:LLOYLSE:LLOY Lloyds Grp.. Close Mid-Price: 45.1 Percentage Change: + 3.51% Day High: 45.72 Day Low: 44.48

Continued trades against LLOY with a mid-price ABOVE 45.72 should improve ……..

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LSE:NWGLSE:NWG Natwest. Close Mid-Price: 203.5 Percentage Change: + 1.19% Day High: 208.3 Day Low: 202.1

Target met. Further movement against Natwest ABOVE 208.3 should improve a ……..

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View Previous Natwest & Big Picture ***

LSE:QFILSE:QFI Quadrise. Close Mid-Price: 5.25 Percentage Change: + 14.50% Day High: 5.58 Day Low: 4.7

Target met. Continued trades against QFI with a mid-price ABOVE 5.58 shou ……..

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View Previous Quadrise & Big Picture ***

LSE:TLWLSE:TLW Tullow. Close Mid-Price: 49.67 Percentage Change: + 1.43% Day High: 50 Day Low: 48.4

This is refusing to be interesting but it only needs trade above 51.7p to ……..

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LSE:TSCO Tesco Close Mid-Price: 219.7 Percentage Change: -0.79% Day High: 223.2 Day Low: 219.65

If Tesco experiences continued weakness below 219.65, it will invariably ……..

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View Previous Tesco & Big Picture ***

*** End of “Updated Today” comments on shares

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