#Gold #Nasdaq Builders like to complain. For quite some time, friends in the industry moaned incessantly about the Covid-19 related downturn and now, following a couple of months populated by a busy silence, they’re whining again. Apparently, joiners and scaffolders are the worst, when it comes to working in the hot temperatures currently being suffered by Scotland, a few days approaching 30c proving sufficient to bring complaints to the fore. In fairness, Scotland is fine tuned for pretty rubbish average weather, the majority of folk not accustomed to unexpected events like “summer”.
This gripe about the current weather has quite a bit to do with Howdens share price as it appears the building industry, for local traders, is quite firmly kicking into action again. Howdens, Supplier of Fitted Kitchens to The Queen, complete with the appropriate royal warrant, appear well placed to experience some share price recovery as confidence in trading conditions must surely equate to confidence in ongoing profits.
Their share price has been essentially mucking around so far in 2023 but there are recent signs the value may be expected to break from the immediate malaise.
We’ve allocated 706p as holding the potential for a trigger level. Above 706p should prove capable of the share entering a recovery cycle to an initial 800p with secondary, if exceeded, at a longer term 912p, a price level where the historicals give a visual slight impression for some hesitation. Certainly, should 912p make an appearance, we shall feel duty bound to revisit this FTSE250 component, once again reading the tea leaves as some fairly strong longer term potentials become available.
For now, if Howden wish to blot their copybook, the share price needs below 650p to risk some anarchy, threatening reversal to an initial 503p with secondary, if broken, an improbable looking 342p as “bottom”.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:08:48PM | BRENT | 73.67 | ‘cess | ||||||||
| 9:11:15PM | GOLD | 1946.29 | 1939 | 1936 | 1928 | 1951 | 1960 | 1963 | 1971 | 1950 | Shambles |
| 9:14:31PM | FTSE | 7592.87 | Success | ||||||||
| 9:55:54PM | STOX50 | 4390 | |||||||||
| 9:59:39PM | GERMANY | 16263.04 | ‘cess | ||||||||
| 10:03:50PM | US500 | 4331 | ‘cess | ||||||||
| 10:07:11PM | DOW | 33703 | Success | ||||||||
| 10:11:24PM | NASDAQ | 14839.6 | 14765 | 14653 | 14521 | 15955 | 15051 | 15140 | 15259 | 14920 | ‘cess |
| 10:13:33PM | JAPAN | 33638 |
14/06/2023 FTSE Closed at 7602 points. Change of 0.11%. Total value traded through LSE was: £ 6,409,785,309 a change of 14.25%
13/06/2023 FTSE Closed at 7594 points. Change of 1.66%. Total value traded through LSE was: £ 5,610,301,636 a change of 24.77%
12/06/2023 FTSE Closed at 7470 points. Change of -1.22%. Total value traded through LSE was: £ 4,496,360,714 a change of 0.19%
9/06/2023 FTSE Closed at 7562 points. Change of -0.49%. Total value traded through LSE was: £ 4,487,952,425 a change of -12.07%
8/06/2023 FTSE Closed at 7599 points. Change of -0.33%. Total value traded through LSE was: £ 5,104,102,479 a change of 3.08%
7/06/2023 FTSE Closed at 7624 points. Change of -0.05%. Total value traded through LSE was: £ 4,951,636,659 a change of 0.85%
6/06/2023 FTSE Closed at 7628 points. Change of 0.38%. Total value traded through LSE was: £ 4,909,723,355 a change of 21.93%
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:AML Aston Martin** **LSE:AVCT Avacta** **LSE:CASP Caspian** **LSE:CCL Carnival** **LSE:IAG British Airways** **LSE:NG. National Glib** **
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Updated charts published on : Aston Martin, Avacta, Caspian, Carnival, British Airways, National Glib,
LSE:AML Aston Martin. Close Mid-Price: 298.6 Percentage Change: + 7.10% Day High: 298 Day Low: 284
Target met. Continued trades against AML with a mid-price ABOVE 298 shoul ……..
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View Previous Aston Martin & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 103 Percentage Change: -1.44% Day High: 104.5 Day Low: 100
In the event Avacta experiences weakness below 100 it calculates with a d ……..
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View Previous Avacta & Big Picture ***
LSE:CASP Caspian Close Mid-Price: 4.6 Percentage Change: -5.15% Day High: 4.85 Day Low: 4.25
Target met. Continued weakness against CASP taking the price below 4.25 c ……..
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View Previous Caspian & Big Picture ***
LSE:CCL Carnival. Close Mid-Price: 1088 Percentage Change: + 2.21% Day High: 1100 Day Low: 1070
Target met. Further movement against Carnival ABOVE 1100 should improve a ……..
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View Previous Carnival & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 165.8 Percentage Change: + 0.03% Day High: 166.4 Day Low: 164.85
Continued trades against IAG with a mid-price ABOVE 166.4 should improve ……..
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View Previous British Airways & Big Picture ***
LSE:NG. National Glib Close Mid-Price: 1031.5 Percentage Change: -0.43% Day High: 1038.5 Day Low: 1028.5
Target met. In the event National Glib experiences weakness below 1028.5 ……..
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View Previous National Glib & Big Picture ***