#Gold #CAC40 When we reviewed #Kingfisher a year ago, our criteria for a move to current levels proved quite concise. Absolutely everything should now point to continuing success for the owner of B&Q, just a few little flies splashing around in the ointment! With pandemic restrictions easing, the stores appear to be fully open, a recent trip to buy some hardware even allowing a direct path to the checkout, rather than the ridiculous maze of arrows.
However, similar to supermarkets, there appeared to be rather a lot of duplicate items on shelves, giving a suspicion the store was perhaps suffering from the supply chain problems which are distressingly common. The timber yard, once the shock at ridiculous prices eased, also was sparsely stocked. Perhaps this was just common sense, someone in the buying department opting to reduce stock levels rather than face being stuck with products at impossible prices. Worldwide, the price of timber is thankfully easing, perhaps due to the markets voting with their wallet. For instance, the NASDAQ Lumber commodity index is presently around $480. A couple of months ago, it was at $1670. The return to $480 takes the market back to levels experienced since 2016, aside from the impossible spike experienced in the first half of this year.
Additionally, the supply chain problem continues and doubtless is making life interesting for B&Q. Whether it’s garden equipment, household goods, or whatever, the company import quite a few lines from Europe. Anecdotally, European haulers prefer avoid the UK. And UK lorry drivers are being unreasonable, demanding sensible pay if they return to their jobs. Between the pandemic hangover and the ongoing Brexit hangover, it’s apparently not fun being a UK retailer.
Near term, weakness on B&Q below 348p looks capable of provoking reversals to an initial 332p. If broken, our longer term secondary calculates at a less likely 289p. We’re not comfortable with the secondary calculation as it risks returning the share price below Blue on the chart, an amazing trend line which dates back to 1999!
More likely, it feels like strength exceeding 379p shall propel the share toward 431p next. Some hesitation feels very possible around such a level but closure above 431p should prove important for the longer term, suggesting a future trip toward 532p.
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 |
| 9:40:47PM | BRENT | 71.2 | ‘cess | ||||||||
| 9:42:40PM | GOLD | 1790.29 | 1782 | 1780 | 1771 | 1793 | 1797 | 1800 | 1806 | 1790 | Success |
| 9:44:46PM | FTSE | 7139.5 | ‘cess | ||||||||
| 9:48:06PM | FRANCE | 6673.2 | 6652 | 6641 | 6627 | 6681 | 6683 | 6692 | 6712 | 6659 | ‘cess |
| 9:50:12PM | GERMANY | 15852 | ‘cess | ||||||||
| 9:52:54PM | US500 | 4497.87 | |||||||||
| 9:56:26PM | DOW | 35439.3 | ‘cess | ||||||||
| 9:58:55PM | NASDAQ | 15371.65 | |||||||||
| 10:01:04PM | JAPAN | 27792 |
25/08/2021 FTSE Closed at 7150 points. Change of 0.35%. Total value traded through LSE was: £ 4,301,236,714 a change of -11.3%
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%
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:BLVN Bowleven** **LSE:CEG Challenger Energy (aka Bahamas Pet)** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:PPC President Energy** **LSE:RR. Rolls Royce** **LSE:SDY Speedyhire** **
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Updated charts published on : Asos, Barclays, Barrett Devs, Bowleven, Challenger Energy (aka Bahamas Pet), ITM Power, Marks and Spencer, President Energy, Rolls Royce, Speedyhire,
LSE:ASC Asos Close Mid-Price: 4004 Percentage Change: -0.57% Day High: 4146 Day Low: 4005
Even above 4170 is now liable to prove significant, allowing recovery to a ……..
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View Previous Asos & Big Picture ***
LSE:BARC Barclays. Close Mid-Price: 185.14 Percentage Change: + 1.83% Day High: 185.52 Day Low: 180.86
In the event of Barclays enjoying further trades beyond 185.52, the share ……..
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View Previous Barclays & Big Picture ***
LSE:BDEV Barrett Devs. Close Mid-Price: 731 Percentage Change: + 0.27% Day High: 737.6 Day Low: 726.8
Continued trades against BDEV with a mid-price ABOVE 737.6 should improve ……..
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View Previous Barrett Devs & Big Picture ***
LSE:BLVN Bowleven. Close Mid-Price: 4.25 Percentage Change: + 0.00% Day High: 4.25 Day Low: 4.25
Perhaps worth watching anytime now as above 4.4 looks capable of a lift to ……..
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View Previous Bowleven & Big Picture ***
LSE:CEG Challenger Energy (aka Bahamas Pet) Close Mid-Price: 1.3 Percentage Change: -24.64% Day High: 1.7 Day Low: 1.32
Target met. In the event Challenger Energy (aka Bahamas Pet) experiences ……..
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View Previous Challenger Energy (aka Bahamas Pet) & Big Picture ***
LSE:ITM ITM Power. Close Mid-Price: 493.6 Percentage Change: + 2.24% Day High: 499.8 Day Low: 483.6
In the event of ITM Power enjoying further trades beyond 499.8, the share ……..
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View Previous ITM Power & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 179.45 Percentage Change: + 5.13% Day High: 181.15 Day Low: 172
Target met. All Marks and Spencer needs are mid-price trades ABOVE 181.15 ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:PPC President Energy. Close Mid-Price: 1.8 Percentage Change: + 1.41% Day High: 1.8 Day Low: 1.65
In the event President Energy experiences weakness below 1.65 it calculat ……..
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View Previous President Energy & Big Picture ***
LSE:RR. Rolls Royce Close Mid-Price: 116.48 Percentage Change: -1.52% Day High: 120.56 Day Low: 113.82
Target met. All Rolls Royce needs are mid-price trades ABOVE 121 to impro ……..
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View Previous Rolls Royce & Big Picture ***
LSE:SDY Speedyhire Close Mid-Price: 68.5 Percentage Change: -0.15% Day High: 70.6 Day Low: 67.1
In the event Speedyhire experiences weakness below 67.1 it calculates wit ……..
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View Previous Speedyhire & Big Picture ***