#Gold #Dax We’d to smile at the cover photo of Watkin Jones website. A construction building, littered with a bunch of folk wearing white hard hats and not a single real worker in sight, the lack of yellow or blue hard hats telling an unfortunate story as to who was viewed as important in getting the photo. In a different way, a recent article from Hong Kong managed to raise eyebrows, due to some workers on mainland China testing their hard hats for impact resistance.
It transpired the yellow hard hats issued to staff could barely resist a brick dropped from 2 metres, while white and blue hard hats were brick resistant up to 20 metres and above. The tale, emanating from a less regulative working environment, doubtless has its roots in someone saving money. From a UK perspective, it would never occur different colour hats had different safety standards.
Describing themselves as the UK’s leading “Residential for Rent Developer and Operator”, Watkin Jones certainly boast a portfolio of impressive projects, along with a less than impressive decline in their share price in recent years. Currently trading around 36p, investors must be feeling the pain from the decline from 280p at the start of 2022. However, we think we’ve maybe got some good news to impart. Arithmetically, we often calculate something called “Ultimate Bottom”, a share price level below which we cannot calculate.
In the case of Watkin Jones, our “Ultimate Bottom” works out at 35p and the share is certainly within sniffing distance of such a target. We can work out a number below the 35p level and it’s a bit dubious, thanks to the repeated circled gap-downs experienced but in theory, if 35p breaks, 6p can be presented as a future target. But this 6p could easily be nonsense, due to the level of guesswork required, thanks to the manipulation gaps. From a Big Picture standpoint, below 35p only should supply target levels prefaced with impossible minus signs.
So there’s hope for a share price bounce anytime soon as there’s very little in the way of wiggle room for more reversals. Above 43p should prove interesting, calculating with the potential of a lift to an initial 55p with secondary, if beaten, at 65p. To be honest, we’d really hope to see the share price gapped UP soon, due to such a movement tending indicate the market acknowledges it’s overcooked the level of reversals and in such a scenario, we’d anticipate stronger price recovery. Also, in such a scenario, we shall need revisit the numbers, due to it being impossible (currently) to calculate higher than 65p.
This is obviously now in fingers crossed territory but we suspect it shall prove worth watching in the days ahead.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:08:13PM | BRENT | 9005 | ‘cess | ||||||||
| 10:11:10PM | GOLD | 1828 | 1826 | 1819 | 1817 | 1840 | 1846 | 1849 | 1856 | 1831 | ‘cess |
| 10:13:48PM | FTSE | 7508.75 | ‘cess | ||||||||
| 10:16:08PM | STOX50 | 4130.3 | ‘cess | ||||||||
| 10:18:59PM | GERMANY | 15207 | 15155 | 15049 | 14892 | 15302 | 15476 | 15518 | 15639 | 15363 | Success |
| 10:21:52PM | US500 | 4290 | |||||||||
| 10:44:05PM | DOW | 33424.7 | |||||||||
| 10:48:18PM | NASDAQ | 14839 | ‘cess | ||||||||
| 10:50:59PM | JAPAN | 31616 | Success |
2/10/2023 FTSE Closed at 7510 points. Change of -1.29%. Total value traded through LSE was: £ 5,619,099,797 a change of 6.15%
29/09/2023 FTSE Closed at 7608 points. Change of 0.09%. Total value traded through LSE was: £ 5,293,726,748 a change of 0.59%
28/09/2023 FTSE Closed at 7601 points. Change of 0.11%. Total value traded through LSE was: £ 5,262,711,869 a change of -1.95%
27/09/2023 FTSE Closed at 7593 points. Change of -0.42%. Total value traded through LSE was: £ 5,367,119,674 a change of 0.5%
26/09/2023 FTSE Closed at 7625 points. Change of 0.01%. Total value traded through LSE was: £ 5,340,510,819 a change of -24.76%
25/09/2023 FTSE Closed at 7624 points. Change of -0.77%. Total value traded through LSE was: £ 7,097,867,582 a change of -9.65%
22/09/2023 FTSE Closed at 7683 points. Change of 0.07%. Total value traded through LSE was: £ 7,855,931,745 a change of 26.88%
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:CEY Centamin** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:IGG IG Group** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **
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Updated charts published on : Centamin, Genel, Gulf Keystone, IG Group, Standard Chartered, The Trainline,
LSE:CEY Centamin Close Mid-Price: 81.55 Percentage Change: -2.39% Day High: 85.55 Day Low: 81.75
Continued weakness against CEY taking the price below 81.75 calculates as ……..
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View Previous Centamin & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 88.9 Percentage Change: + 10.99% Day High: 94 Day Low: 81
Continued trades against GENL with a mid-price ABOVE 94 should improve th ……..
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View Previous Genel & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 125 Percentage Change: + 22.07% Day High: 132.9 Day Low: 102.5
It is possible something significant is happening as above 133 looks capab ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:IGG IG Group Close Mid-Price: 625 Percentage Change: -2.87% Day High: 654.5 Day Low: 616
Weakness on IG Group below 616 will invariably lead to 606 with secondary ……..
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View Previous IG Group & Big Picture ***
LSE:STAN Standard Chartered Close Mid-Price: 753.8 Percentage Change: -0.55% Day High: 766.6 Day Low: 750.4
Continued trades against STAN with a mid-price ABOVE 766.6 should improve ……..
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View Previous Standard Chartered & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 274.6 Percentage Change: -1.65% Day High: 287.6 Day Low: 274.8
In the event of The Trainline enjoying further trades beyond 287.6, the s ……..
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View Previous The Trainline & Big Picture ***