Woodbois Ltd, money in the Lumberjack game?

#CAC40 #Nasdaq

A chum, who I regularly ask to “assist” when chainsawing, can be a really critical armchair expert, almost too fussy when we go into the forest hunting trees. But he is handy when heavy wood needs lifted. A few months ago, he borrowed my chainsaw and his wife phoned today, asking if I’d visit and trim some trees. I explained they already have the saw, she explained he’s actually too afraid to turn it on and is now in shock, due to receiving a quote from a tree surgeon.

Suddenly, a lot of things became clear. He likes the idea of doing lumberjack stuff, wearing the protective gear, carrying an axe, but when it comes to the dangerous physics attached to dropping a tree, he’s a great big wimp. Or perhaps someone sensible who questions his own limits… But no worries, we’re visiting next weekend and I know where my supply of firewood for next winter is coming from, always assuming I don’t drop a tree into their conservatory or garage roof.

 

This inspiration brings us rather neatly to Woodbois Ltd, listed on the AIM and involved in the production, process and supply of sustainable hardwood from Africa. Hopefully the company bottom line enjoys a boost from the exorbitant increase in timber prices over the last year rather than the absurd prices “just” being a facet of supply chain issues in Europe and North America. Such is the increase in costs, rather than buy a support for a log shelter canopy, it proved easy to use a couple of 2 metre straight branches from a walnut tree in the garden. Visually the end result proved quite pleasing too.

The last 7 sessions for Woodbois share price have proven quite useful and now, movement above just 8p should bring a visit to 8.5p next. While perhaps not the most inspiring movement, we’ve been awaiting this break upward for a year. Above 8.5p and things become more interesting, suggesting ongoing growth in the direction of 9.6p. But realistically, we must concede the price shall be trading in a zone where a longer term 12.5p is shining brighter than the checkout values at a timber yard.

For everything to go horribly wrong for Woodbois, the price needs tumble below the point of Blue trend break on the chart, around 4.5p. The implications of such a movement risk a visit to 2.6p, a level we cannot calculate below without using minus signs!.

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:28:42PM BRENT 109.8 ‘cess
9:30:30PM GOLD 1883.64 ‘cess
9:36:34PM FTSE 7550.77
9:45:50PM FRANCE 6532.4 6385 6333 6263 6444 6543 6551 6584 6488 ‘cess
9:47:30PM GERMANY 14229 ‘cess
9:49:24PM US500 4292.27 Success
9:53:15PM DOW 33998 Success
9:55:22PM NASDAQ 13496 12882 12628 12318 13030 13558 13659 13747 13455 Success
10:00:58PM JAPAN 27404 Success

 

4/05/2022 FTSE Closed at 7493 points. Change of -0.9%. Total value traded through LSE was: £ 5,719,365,474 a change of -24.49%
3/05/2022 FTSE Closed at 7561 points. Change of 0.23%. Total value traded through LSE was: £ 7,574,559,700 a change of 8.37%
29/04/2022 FTSE Closed at 7544 points. Change of 0.47%. Total value traded through LSE was: £ 6,989,742,428 a change of 18.72%
28/04/2022 FTSE Closed at 7509 points. Change of 1.13%. Total value traded through LSE was: £ 5,887,371,702 a change of -15.1%
27/04/2022 FTSE Closed at 7425 points. Change of 0.53%. Total value traded through LSE was: £ 6,934,236,931 a change of -7.56%
26/04/2022 FTSE Closed at 7386 points. Change of 0.08%. Total value traded through LSE was: £ 7,501,270,625 a change of 7.74%
25/04/2022 FTSE Closed at 7380 points. Change of -100%. Total value traded through LSE was: £ 6,962,693,363 a change of 0%

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:AGM Applied Graphene** **LSE:AML Aston Martin** **LSE:AVCT Avacta** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CPI Capita** **LSE:GKP Gulf Keystone** **LSE:IGG IG Group** **LSE:OCDO Ocado Plc** **LSE:STAN Standard Chartered** **

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Updated charts published on : Applied Graphene, Aston Martin, Avacta, Barrett Devs, BP PLC, Capita, Gulf Keystone, IG Group, Ocado Plc, Standard Chartered,

LSE:AGM Applied Graphene. Close Mid-Price: 19.5 Percentage Change: + 2.63% Day High: 19 Day Low: 18.5

Weakness on Applied Graphene below 18.5 will invariably lead to 17 with s ……..

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LSE:AML Aston Martin. Close Mid-Price: 902.6 Percentage Change: + 6.74% Day High: 959.8 Day Low: 855.6

All Aston Martin needs are mid-price trades ABOVE 959.8 to improve accele ……..

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LSE:AVCT Avacta. Close Mid-Price: 113.2 Percentage Change: + 0.18% Day High: 116.5 Day Low: 108

If Avacta experiences continued weakness below 108, it will invariably le ……..

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LSE:BDEV Barrett Devs Close Mid-Price: 484.4 Percentage Change: -2.52% Day High: 498.3 Day Low: 482.8

Continued weakness against BDEV taking the price below 482.8 calculates a ……..

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LSE:BP. BP PLC. Close Mid-Price: 415.9 Percentage Change: + 0.40% Day High: 421.75 Day Low: 410.95

Target met. In the event of BP PLC enjoying further trades beyond 421.75, ……..

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LSE:CAR Carclo. Close Mid-Price: 23.05 Percentage Change: + 0.22% Day High: 23 Day Low: 22.9

If Carclo experiences continued weakness below 22, it will invariably lead ……..

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LSE:CPI Capita. Close Mid-Price: 26.78 Percentage Change: + 6.52% Day High: 26.96 Day Low: 24.94

Target met. All Capita needs are mid-price trades ABOVE 26.96 to improve ……..

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LSE:GKP Gulf Keystone. Close Mid-Price: 262 Percentage Change: + 3.76% Day High: 265 Day Low: 246.5

All Gulf Keystone needs are mid-price trades ABOVE 265 to improve acceler ……..

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LSE:IGG IG Group Close Mid-Price: 765.5 Percentage Change: -4.61% Day High: 803.5 Day Low: 759.5

Target met. Weakness on IG Group below 759.5 will invariably lead to 733 ……..

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LSE:OCDO Ocado Plc Close Mid-Price: 891.8 Percentage Change: -3.00% Day High: 929.2 Day Low: 877.2

Target met. Weakness on Ocado Plc below 877.2 will invariably lead to 852 ……..

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LSE:STAN Standard Chartered. Close Mid-Price: 568.8 Percentage Change: + 0.49% Day High: 575.6 Day Low: 565.8

Target met. All Standard Chartered needs are mid-price trades ABOVE 575.6 ……..

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

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