Harworth Group Plc (LSE:HWG) starting to look interesting.

#Gold #Nasdaq We’ve always wondered where this North of England land developers got their name from. There was once a fairly famous comedian from the Morcambe & Wise era called Harry Worth, a chap with his roots in the North of England but despite a bit of digging, we cannot find a link between the two. The comedian, Harry Worth, was famous for a sketch, when he posed half way behind a plate glass window, lifting and arm and a leg to give the impression of levitation in the reflection.

This was to prompt something still ongoing, people continue to replicate the sketch and still refer to it as “doing a Harry Worth” while being clueless as to who the guy was. From a personal perspective, my father thought the guy was a comic genius and ensured our childhoods were littered with continuous Harry Worth jokes and quotes. Who knows, maybe Harworth were formed by someone else who was a Harry Worth fan! The comedians real name was Harry Illingsworth.

 

The Harworth Group share price recently did something mildly interesting, perhaps carrying the suggestion of some positive share price movement in the fairly near future. Trading around 134.5p currently, it needs exceed just 136.5p to hopefully trigger movement to an initial 144p with our secondary, if exceeded, at a longer term 160p. To be fair, we can provide a third level ambition for a distant 177p but it’s difficult to work up any enthusiasm for such a target.

Should everything intend go horribly wrong, the share price needs below 103p to give the first inkling of serious trouble. Movement such as this risks triggering reversal down to an initial 83 with our secondary, if broken, a less likely longer term 58p/

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:58:47PM BRENT 8641 8496 8435 8356 8584 8672 8707 9058 8576 Success
10:01:41PM GOLD 2159.96 2155 2147 2136 2164 2164 2167 2174 2155 ‘cess
10:05:17PM FTSE 7717.1 7714 7697 7675 7734 7752 7765 7782 7729
10:07:56PM STOX50 4976.9 4977 4968 4949 4988 5005 5015 5028 4983
10:13:36PM GERMANY 17915 17902 17871 17814 17949 18016 18058 18109 17960
10:18:28PM US500 5150.6 5128 5116 5096 5153 5176 5196 5227 5153
10:23:01PM DOW 38806 38619 38490 38243 38775 38910 38977 39097 38785
10:25:51PM NASDAQ 17965 17895 17826 17723 18063 18135 18215 18367 17985
10:29:26PM JAPAN 39551 38904 38573 38163 39042 39805 39936 40123 39615

 

18/03/2024 FTSE Closed at 7722 points. Change of -0.06%. Total value traded through LSE was: £ 5,302,291,747 a change of -63.39%
15/03/2024 FTSE Closed at 7727 points. Change of -0.21%. Total value traded through LSE was: £ 14,485,048,081 a change of 162.41%
14/03/2024 FTSE Closed at 7743 points. Change of -0.37%. Total value traded through LSE was: £ 5,520,093,152 a change of -24.07%
13/03/2024 FTSE Closed at 7772 points. Change of 0.32%. Total value traded through LSE was: £ 7,270,420,862 a change of 0.35%
12/03/2024 FTSE Closed at 7747 points. Change of 1.02%. Total value traded through LSE was: £ 7,245,332,425 a change of 15.81%
11/03/2024 FTSE Closed at 7669 points. Change of 0.13%. Total value traded through LSE was: £ 6,256,339,396 a change of 13.77%
8/03/2024 FTSE Closed at 7659 points. Change of -0.43%. Total value traded through LSE was: £ 5,498,882,120 a change of -31.93%

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:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:BP. BP PLC** **LSE:CEY Centamin** **LSE:HL. Hargreaves Lansdown** **LSE:ITV ITV** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TRN The Trainline** **

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Updated charts published on : Asos, Aviva, Avacta, BP PLC, Centamin, Hargreaves Lansdown, ITV, Scottish Mortgage Investment Trust, The Trainline,


LSE:ASC Asos Close Mid-Price: 338 Percentage Change: -1.57% Day High: 349.9 Day Low: 334.9

Continued weakness against ASC taking the price below 334.9 calculates as ……..

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LSE:AV. Aviva Close Mid-Price: 480.7 Percentage Change: -0.35% Day High: 485.3 Day Low: 478.8

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LSE:AVCT Avacta Close Mid-Price: 50.75 Percentage Change: -2.87% Day High: 52.25 Day Low: 50.25

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LSE:BP. BP PLC. Close Mid-Price: 493.3 Percentage Change: + 0.47% Day High: 496.45 Day Low: 491.15

In the event of BP PLC enjoying further trades beyond 496.45, the share s ……..

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LSE:CEY Centamin. Close Mid-Price: 107.1 Percentage Change: + 0.56% Day High: 108.6 Day Low: 106.2

Target met. In the event of Centamin enjoying further trades beyond 108.6 ……..

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LSE:HL. Hargreaves Lansdown Close Mid-Price: 697.4 Percentage Change: -0.63% Day High: 705.2 Day Low: 692.4

In the event Hargreaves Lansdown experiences weakness below 692.4 it calc ……..

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LSE:ITV ITV. Close Mid-Price: 72.52 Percentage Change: + 1.74% Day High: 72.9 Day Low: 71.08

Further movement against ITV ABOVE 72.9 should improve acceleration towar ……..

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LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 833 Percentage Change: + 1.07% Day High: 833.8 Day Low: 821.2

Target met. Further movement against Scottish Mortgage Investment Trust A ……..

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LSE:TRN The Trainline Close Mid-Price: 378 Percentage Change: -0.11% Day High: 386.2 Day Low: 376

Further movement against The Trainline ABOVE 386.2 should improve acceler ……..

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

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