#Gold #DAX With a senior executive of DIY chain Wickes ensuring the company joined Bud (American company who make something claimed to be beer) and Nike, there has been perhaps a little miscalculation. The bloke at Wickes also called 90% of their clients “slightly ignorant”. The retail industry, with a long and proud tradition of treating their customers like fools, has a pretty solid golden rule. In fact, it is even named after the chap who encapsulated it, the Ratner Rule. You never, ever, actually tell your customers what you think of them!
Despite frantic panic, Twitter has been awash with outrage, the video popping up as quickly as whoever is washing the platform deletes it.
A read through Wickes messages on Twitter shows the whimsical nature of customers, asking the company Twitter feed how to cancel orders as in-store are giving a run-around. All things considered, Wickes appear not to be enjoying a great time at what should be their peak season of the DIY year.
Obviously, from our own perspective, we only care about their share price, curious if it intends follow the trajectory of Bud & Nike?
There’s an immediate issue with recent price movements. The uptrend since September last year is currently at 121.769p and yesterday (Monday 19 June) it closed at 122.1p, marginally above this uptrend and suggesting the recent break may prove to be a fake. However, there are also a couple of usually reliable signals, a Gap Up and a Gap Down, often one of the safer suggestions for imminent doom.
In the case of Wickes, This is a calculation weakness next below 118 should provoke a fall to an immediate 112p, followed by a bounce which probably shall not last. Instead, if 112p is broken, we shall not be surprised if the share price eventually discovers a bottom at 95p.
On the basis this has all been an awful mistake, not a final nail in share price movements which have been awful since 2021 (high of 288p), some hope may be found in this pronouncement being the personal opinion of someone who may decide to spend some time gardening. Whereas the Bud and Nike debacles were the result of corporate decision making, decisions harder to correct from a PR perspective.
Presently Wickes needs exceed 139p to give hope for recovery, calculating with the potential of an initial 152p with secondary, if exceeded, at a future 163p and a need to revisit the numbers.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:19:18PM | BRENT | 76.12 | |||||||||
| 10:22:58PM | GOLD | 1950.79 | 1947 | 1944 | 1936 | 1954 | 1957 | 1959 | 1963 | 1950 | ‘cess |
| 10:25:01PM | FTSE | 7592.99 | |||||||||
| 10:28:08PM | STOX50 | 4366.9 | |||||||||
| 10:30:57PM | GERMANY | 16217.93 | 16184 | 16108 | 16000 | 16303 | 16348 | 16361 | 16420 | 16259 | ‘cess |
| 10:33:06PM | US500 | 4404.9 | |||||||||
| 10:35:06PM | DOW | 34213 | |||||||||
| 10:37:03PM | NASDAQ | 15066.85 | |||||||||
| 10:39:35PM | JAPAN | 33369 | Success |
19/06/2023 FTSE Closed at 7588 points. Change of -0.71%. Total value traded through LSE was: £ 4,618,439,635 a change of -67.02%
16/06/2023 FTSE Closed at 7642 points. Change of 0.18%. Total value traded through LSE was: £ 14,002,242,699 a change of 107.37%
15/06/2023 FTSE Closed at 7628 points. Change of 0.34%. Total value traded through LSE was: £ 6,752,443,780 a change of 5.35%
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% 
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:CBX Cellular Goods** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:HIK Hikma** **LSE:NWG Natwest** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:SPX Spirax** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Cellular Goods, Carnival, Diageo, Hikma, Natwest, Primary Health, Parkmead, Spirax, Taylor Wimpey,
LSE:CBX Cellular Goods. Close Mid-Price: 0.85 Percentage Change: + 3.03% Day High: 0.9 Day Low: 0.81
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LSE:CCL Carnival. Close Mid-Price: 1143.5 Percentage Change: + 3.62% Day High: 1149.5 Day Low: 1092.5
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LSE:DGE Diageo Close Mid-Price: 3305 Percentage Change: -1.48% Day High: 3353 Day Low: 3301
In the event Diageo experiences weakness below 3301 it calculates with a ……..
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LSE:HIK Hikma Close Mid-Price: 1893 Percentage Change: -1.92% Day High: 1934 Day Low: 1882.5
Continued trades against HIK with a mid-price ABOVE 1934 should improve t ……..
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LSE:NWG Natwest Close Mid-Price: 252.7 Percentage Change: -0.94% Day High: 256.8 Day Low: 252.4
Weakness on Natwest below 252.4 will invariably lead to 238 with secondar ……..
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LSE:PHP Primary Health Close Mid-Price: 98.05 Percentage Change: -2.24% Day High: 99.85 Day Low: 97.8
Continued weakness against PHP taking the price below 97.8 calculates as ……..
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LSE:PMG Parkmead Close Mid-Price: 15 Percentage Change: -18.92% Day High: 18.5 Day Low: 15
Target met. In the event Parkmead experiences weakness below 15 it calcul ……..
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LSE:SPX Spirax Close Mid-Price: 10360 Percentage Change: -6.79% Day High: 11095 Day Low: 10320
Target met. Weakness on Spirax below 10320 will invariably lead to 10019p ……..
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View Previous Spirax & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 107.85 Percentage Change: -1.87% Day High: 109.45 Day Low: 107.5
If Taylor Wimpey experiences continued weakness below 107.5, it will inva ……..
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View Previous Taylor Wimpey & Big Picture ***