Kier Group (LSE:KIE) building on foundations?

#Gold #Stoxx50  Somehow or other, one of our grand-daughters has developed a sense of humour. There’s even a slight chance the blame lies with me, due to a habit of ensuring each year is punctuated with a major “gotcha” for her, usually months in the making. This year has seen her revenge, her victim being the microwave. Firstly, she “stole” the clock from the display. A few months later, the display discovered darkness until the door was opened and now, visiting for the school holidays, she’s managed to utterly silence the machines irritating “beeps”. I know she’s discovered the manufacturers programming codes, generally accessed by a complex series of key presses, designed to make it impossible for the public to mess with the software. Neither my wife nor I have risen to the bait, intending to carry out a hard reset on the thing while sabotaging the cookers software, probably to disable the timer which she relies upon for her baking.

We’re starting to suspect her Mum has regaled her with stories of her own childhood, hopefully not including the time she discovered Fairy Liquid and a dishwasher REALLY do not mix.

 

 

Kiers price movements are sponsoring this delve into whimsical thoughts as when we reviewed ’em a year ago, we’d proposed 70p as an ultimate bottom, this being a number below which we couldn’t calculate. As September ended in 2022, the share price stumbled below 70p, making us fear for the worst as we couldn’t realistically work out anywhere else for the price to go. Similar to myself floundering around looking for a Microwave beep, the share has managed to enact everything possible to confuse the market but by the end of April this year, some hope was discovered Kier share price is on the edge of doing something useful.

 

There are some fairly solid signs the construction industry is finally starting to give hope for investors and we’d hope Kier shall join in any upward surprise movements. The immediate situation is quite interesting, suggesting above 86p should now promote the concept of price recovery to an initial 99p. Our longer term secondary, if 99p is exceeded, calculates at 121p and some probable hesitation, if only due to prior highs.

For everything to go horribly wrong, the share price now needs wither below 60p to give an early impression of real trouble. Visually, it looks like optimism should be the order of the day for the future and hopefully, UK politicians don’t position themselves to spoil the party.

 

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:42:07PM BRENT 7930 7900 7842 7764 7991 8077 8127 8236 7963 ‘cess
9:57:06PM GOLD 1976.36 1969 1964 1958 1979 1980 1986 2017 1969
9:59:57PM FTSE 7582.3 7512 7488 7442 7589 7626 7667 7733 7561 Success
10:03:22PM STOX50 4356 4355 4352 4335 4372 4387 4398 4413 4367 ‘cess
10:06:38PM GERMANY 16111.4 16071 16050 15986 16122 16175 16203 16247 16117 ‘cess
10:08:33PM US500 4564.4 4550 4542 4530 4563 4578 4585 4596 4557
10:11:05PM DOW 35048.5 34883 34813 34673 35023 35233 35255 35327 35065 ‘cess
10:13:49PM NASDAQ 15810.9 15783 15749 15687 15865 15940 16110 16921 15795 Shambles
10:16:14PM JAPAN 32876 32803 32728 32617 32883 33006 33075 33165 32870 Success

 

19/07/2023 FTSE Closed at 7588 points. Change of 1.81%. Total value traded through LSE was: £ 6,416,071,113 a change of 56.65%
18/07/2023 FTSE Closed at 7453 points. Change of 0.63%. Total value traded through LSE was: £ 4,095,812,024 a change of 3.79%
17/07/2023 FTSE Closed at 7406 points. Change of -0.38%. Total value traded through LSE was: £ 3,946,111,838 a change of 6.88%
14/07/2023 FTSE Closed at 7434 points. Change of -0.08%. Total value traded through LSE was: £ 3,691,976,999 a change of -20.65%
13/07/2023 FTSE Closed at 7440 points. Change of 0.32%. Total value traded through LSE was: £ 4,652,935,320 a change of -35.19%
12/07/2023 FTSE Closed at 7416 points. Change of 1.84%. Total value traded through LSE was: £ 7,179,397,183 a change of 76.59%
11/07/2023 FTSE Closed at 7282 points. Change of 0.12%. Total value traded through LSE was: £ 4,065,629,486 a change of 3.17%

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:DARK Darktrace Plc** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:IDS International Distribution** **LSE:ITM ITM Power** **LSE:MKS Marks and Spencer** **LSE:SMT Scottish Mortgage Investment Trust** **

********

Updated charts published on : Asos, Barclays, Darktrace Plc, Hikma, Hargreaves Lansdown, HSBC, International Distribution, ITM Power, Marks and Spencer, Scottish Mortgage Investment Trust,


LSE:ASC Asos. Close Mid-Price: 385.9 Percentage Change: + 2.17% Day High: 397 Day Low: 380.5

In the event of Asos enjoying further trades beyond 397, the share should ……..

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LSE:BARC Barclays. Close Mid-Price: 164.28 Percentage Change: + 3.07% Day High: 164.56 Day Low: 161.32

All Barclays needs are mid-price trades ABOVE 164.56 to improve accelerat ……..

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LSE:DARK Darktrace Plc. Close Mid-Price: 393.6 Percentage Change: + 4.76% Day High: 391.3 Day Low: 372.1

Continued trades against DARK with a mid-price ABOVE 391.3 should improve ……..

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LSE:HIK Hikma. Close Mid-Price: 1951.5 Percentage Change: + 3.83% Day High: 1960 Day Low: 1892

Target met. In the event of Hikma enjoying further trades beyond 1960, th ……..

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LSE:HL. Hargreaves Lansdown. Close Mid-Price: 914 Percentage Change: + 8.78% Day High: 909.8 Day Low: 866

Continued trades against HL. with a mid-price ABOVE 909.8 should improve ……..

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LSE:HSBA HSBC. Close Mid-Price: 628.8 Percentage Change: + 0.82% Day High: 632 Day Low: 624.5

All HSBC needs are mid-price trades ABOVE 632 to improve acceleration tow ……..

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LSE:IDS International Distribution. Close Mid-Price: 266.8 Percentage Change: + 1.91% Day High: 267.5 Day Low: 262.4

Target met. All International Distribution needs are mid-price trades ABO ……..

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LSE:ITM ITM Power. Close Mid-Price: 91.8 Percentage Change: + 9.31% Day High: 93.06 Day Low: 84.02

Target met. Continued trades against ITM with a mid-price ABOVE 93.06 sho ……..

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LSE:MKS Marks and Spencer. Close Mid-Price: 204.9 Percentage Change: + 1.39% Day High: 207.6 Day Low: 202.9

Target met. In the event of Marks and Spencer enjoying further trades bey ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 711.8 Percentage Change: + 4.65% Day High: 710.4 Day Low: 689.2

Continued trades against SMT with a mid-price ABOVE 710.4 should improve ……..

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

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