#FTSE #Nasdaq Our report on this lot last year proved pretty concise, the share managing to close 2p above our secondary target of 1511p when making its upward surge. We’re still surprised at the company achieving a new, all time high, in 2020, during the pandemic and lockdown. Perhaps spending time at home made folk focus on the important things like cushions and soft furnishings…
From a personal stance, it appears a trip to hell awaits, my wife wanting to visit Dunelm for curtains. Arguing we could do the job better by fitting hinged wooden shutters didn’t exactly go down well, despite a cheery suggestion they could be painted different colours every year to cater for any fashionable whimsy. Apparently, I simply must attend this torture visit due to giving ‘a look’ every time curtains are purchased. The choice is between a Charcoal Grey or Light Grey waste of money, a task leaving me overwhelmed with a lack of anticipation.
By way of explanation, my very first flat had massive windows, the previous owner opting to leave floral curtains in place. As soon as I could afford, they were replaced with wooden vertical blinds, electrically powered and triggered by a remote control. I still miss them. Combining a window covering with an electronic gadget proved an ideal solution, one which utterly horrified my mum when she visited. She returned home, clutching the “wonderful” floral curtains before they were dumped. Since this time, curtains tend provide an unusually lively conversation topic if I’m around.
In the hope of derailing a visit across to the mainland and Dunelm, it seemed a viable idea to glance at their share price. After all, imagine if they looked like they were in trouble, perhaps causing a wasted journey to an empty store? Alas, this seems not to be the case. As mentioned earlier, the company share price has achieved all time highs. While there are certainly threats of reversals, nothing particularly drastic appears probable.
Currently trading around 1316p, the share needs slip below 1276 to give early warning of potential trouble. Movement such as this risks reversal to an initial 1111p, a point at which prior lows almost promise a bounce as the market is liable to decide this shall be regarded as a floor level. The danger comes, should 1111p break, as ongoing reversals to 945p calculate as probable eventually. As the chart shows, there are no visual cues suggesting a reasonable excuse for a bounce at such a target level. Instead, we can now suggest a third level down at 753p as a point where a rebound becomes about as certain as it gets. Perhaps it’s worth remembering all this negative energy is due to my dislike of shopping for curtains!
A converse scenario is available, if Dunelm share price opts to exceed 1355p. This looks capable of triggering movement to an initial 1476p with secondary, if exceeded, at 1650p and yet another all time high. Above this point, we shall need revisit the longer term potentials, not least due to Dunelm ‘having form’ for experiencing reversals each time the price climbs another mountain. And if anyone is interested, I’m going for the Light Grey curtains, hopefully the least offensive visual option for a room…
Trends and Targets. Past performance is not a reliable indicator of future results.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:14:18PM | BRENT | 70.55 | Success | ||||||||
| 10:16:33PM | GOLD | 1803.15 | |||||||||
| 10:19:29PM | FTSE | 7120.61 | 7074 | 7064 | 7035 | 7126 | 7131 | 7152 | 7178 | 7095 | ‘cess |
| 10:21:53PM | FRANCE | 6659 | Shambles | ||||||||
| 10:24:09PM | GERMANY | 15907 | |||||||||
| 10:26:05PM | US500 | 4488 | ‘cess | ||||||||
| 10:28:24PM | DOW | 35398 | ‘cess | ||||||||
| 10:31:03PM | NASDAQ | 15367.52 | 15302 | 15272.5 | 15235 | 15356 | 15385 | 15402 | 15484 | 15309 | ‘cess |
| 10:32:56PM | JAPAN | 27775 | ‘cess |
24/08/2021 FTSE Closed at 7125 points. Change of 0.23%. Total value traded through LSE was: £ 4,849,105,310 a change of 11.85%
23/08/2021 FTSE Closed at 7109 points. Change of 0.31%. Total value traded through LSE was: £ 4,335,174,689 a change of -8.49%
20/08/2021 FTSE Closed at 7087 points. Change of 0.41%. Total value traded through LSE was: £ 4,737,378,456 a change of -4.32%
19/08/2021 FTSE Closed at 7058 points. Change of -1.55%. Total value traded through LSE was: £ 4,951,507,181 a change of -2.94%
18/08/2021 FTSE Closed at 7169 points. Change of -0.17%. Total value traded through LSE was: £ 5,101,308,767 a change of 1.33%
17/08/2021 FTSE Closed at 7181 points. Change of 0.39%. Total value traded through LSE was: £ 5,034,493,544 a change of 2.47%
16/08/2021 FTSE Closed at 7153 points. Change of -0.9%. Total value traded through LSE was: £ 4,913,032,412 a change of 23.5%
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:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:CASP Caspian** **LSE:FRES Fresnillo** **LSE:HSBA HSBC** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:ODX Omega Diags** **LSE:OXIG Oxford Instruments** **LSE:RR. Rolls Royce** **LSE:SPX Spirax** **LSE:SRP Serco** **
********
Updated charts published on : BALFOUR BEATTY, British Telecom, Caspian, Fresnillo, HSBC, ITM Power, Marks and Spencer, Omega Diags, Oxford Instruments, Rolls Royce, Spirax, Serco,
LSE:BBY BALFOUR BEATTY Close Mid-Price: 282.8 Percentage Change: -0.07% Day High: 285 Day Low: 279
Target met. Continued weakness against BBY taking the price below 279 cal ……..
</p
View Previous BALFOUR BEATTY & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 168.2 Percentage Change: + 0.03% Day High: 169.9 Day Low: 164.5
Continued weakness against BT.A taking the price below 164.5 calculates a ……..
</p
View Previous British Telecom & Big Picture ***
LSE:CASP Caspian. Close Mid-Price: 3.3 Percentage Change: + 11.86% Day High: 3.35 Day Low: 2.95
Target met. Continued trades against CASP with a mid-price ABOVE 3.35 sho ……..
</p
View Previous Caspian & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 845.4 Percentage Change: -0.09% Day High: 850 Day Low: 841
Further movement against Fresnillo ABOVE 850 should improve acceleration ……..
</p
View Previous Fresnillo & Big Picture ***
LSE:HSBA HSBC Close Mid-Price: 390.4 Percentage Change: -1.23% Day High: 393.55 Day Low: 387.2
Continued weakness against HSBA taking the price below 387.2 calculates a ……..
</p
View Previous HSBC & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 482.8 Percentage Change: + 4.23% Day High: 494.2 Day Low: 464
Target met. Continued trades against ITM with a mid-price ABOVE 494.2 sho ……..
</p
View Previous ITM Power & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 170.7 Percentage Change: + 4.15% Day High: 172.45 Day Low: 167.3
Further movement against Marks and Spencer ABOVE 172.45 should improve ac ……..
</p
View Previous Marks and Spencer & Big Picture ***
LSE:ODX Omega Diags. Close Mid-Price: 51 Percentage Change: + 3.03% Day High: 54.5 Day Low: 46.5
In the event of Omega Diags enjoying further trades beyond 54.5, the shar ……..
</p
View Previous Omega Diags & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2555 Percentage Change: + 0.39% Day High: 2625 Day Low: 2460
Further movement against Oxford Instruments ABOVE 2625 should improve acc ……..
</p
View Previous Oxford Instruments & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 118.28 Percentage Change: + 3.99% Day High: 117.86 Day Low: 114.1
In the event of Rolls Royce enjoying further trades beyond 117.86, the sh ……..
</p
View Previous Rolls Royce & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 16060 Percentage Change: + 0.09% Day High: 16345 Day Low: 15910
Target Met. Above 16345 now allows 16437 with secondary, if exceeded, at 1 ……..
</p
View Previous Spirax & Big Picture ***
LSE:SRP Serco Close Mid-Price: 132.8 Percentage Change: -1.48% Day High: 137 Day Low: 132.5
If Serco experiences continued weakness below 132.5, it will invariably l ……..
</p
View Previous Serco & Big Picture ***