#FTSE #SP500 It was worrying, noticing Kingfisher share place surged 11.23% on Tuesday, presumably on the news my wife and I intend visit one of their stores on the mainland this week. To be fair, we’re only intending buy wall tiles for the kitchen but historically, a visit to B&Q always sees us return with a load of “just in case” items, the sort of hardware which isn’t readily available here in Argyll or, if it is, the price is horrific. Over the years, we’ve learned to use B&Q as a big hardware store but wouldn’t dream of shopping there for a new kitchen or bathroom.
It was interesting to note their recent financial results were encouraging, despite the company noting demand for “big ticket” items has remained weak. Perhaps we can be classified as a typical customer, though it’s funny we purchased a new boiler burner earlier this year from another of Kingfishers companies, Screwfix. However, despite reporting a drop in group sales, the company is reporting profits are nudging up and therefore, the market is a happy bunny.
The immediate situation is fairly useful with movement above just 333.1p showing the potential of triggering further price lurches in the direction of 345p. As the chart below implies, there’s certainly reason to anticipate some hesitation at such a level but also, another reason to hope something important happens. We suspect closure above 346p shall prove critical to the share price future, taking the share into a zone where we calculate 423p as a logical third level target, leaving it in a zone where a strong potential long term can be speculated on.
If things intend go wrong, the price needs discounted below 225p to cause serious panic, capable of triggering reversals to an initial 193p with secondary, if broken, at 123p and a probable bounce.
For now, we’re fairly enthusiastic about Kingfishers future.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:09:41PM | BRENT | 7337 | ‘cess | ||||||||
| 10:13:46PM | GOLD | 2569.8 | |||||||||
| 10:18:52PM | FTSE | 8289.3 | 8273 | 8236 | 8197 | 8303 | 8324 | 8340 | 8362 | 8298 | ‘cess |
| 10:22:20PM | STOX50 | 4851.7 | Success | ||||||||
| 11:27:07PM | GERMANY | 18690.7 | ‘cess | ||||||||
| 11:31:24PM | US500 | 5638.2 | 5613 | 5603 | 5580 | 5641 | 5674 | 5760 | 5984 | 5540 | ‘cess |
| 11:35:24PM | DOW | 41630.3 | |||||||||
| 11:38:47PM | NASDAQ | 19447.2 | |||||||||
| 11:42:06PM | JAPAN | 36671 | Success |
17/09/2024 FTSE Closed at 8309 points. Change of 0.37%. Total value traded through LSE was: £ 5,628,109,018 a change of 50.11%
16/09/2024 FTSE Closed at 8278 points. Change of 0.06%. Total value traded through LSE was: £ 3,749,335,232 a change of -16.44%
13/09/2024 FTSE Closed at 8273 points. Change of 0.4%. Total value traded through LSE was: £ 4,486,905,265 a change of -19.07%
12/09/2024 FTSE Closed at 8240 points. Change of 0.57%. Total value traded through LSE was: £ 5,544,211,682 a change of 9.81%
11/09/2024 FTSE Closed at 8193 points. Change of -0.15%. Total value traded through LSE was: £ 5,048,721,179 a change of -0.13%
10/09/2024 FTSE Closed at 8205 points. Change of -0.79%. Total value traded through LSE was: £ 5,055,044,781 a change of 31.7%
9/09/2024 FTSE Closed at 8270 points. Change of 1.09%. Total value traded through LSE was: £ 3,838,355,695 a change of -22.29% 
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:BT.A British Telecom** **LSE:EXPN Experian** **LSE:GRG Greggs** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:NG. National Glib** **LSE:TERN Tern Plc** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **
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Updated charts published on : Aston Martin, British Telecom, Experian, Greggs, British Airways, IQE, Marks and Spencer, National Glib, Tern Plc, Tesco, Taylor Wimpey, Vodafone,
LSE:AML Aston Martin Close Mid-Price: 160.2 Percentage Change: -0.68% Day High: 165 Day Low: 160.4
Continued trades against AML with a mid-price ABOVE 165 should improve th ……..
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View Previous Aston Martin & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 147.7 Percentage Change: + 0.14% Day High: 149.3 Day Low: 147.3
In the event of British Telecom enjoying further trades beyond 149.3, the ……..
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View Previous British Telecom & Big Picture ***
LSE:EXPN Experian. Close Mid-Price: 3822 Percentage Change: + 1.30% Day High: 3846 Day Low: 3797
In the event of Experian enjoying further trades beyond 3846, the share s ……..
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View Previous Experian & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 3182 Percentage Change: + 0.19% Day High: 3202 Day Low: 3174
All Greggs needs are mid-price trades ABOVE 3202 to improve acceleration ……..
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View Previous Greggs & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 206.4 Percentage Change: + 3.41% Day High: 207.1 Day Low: 200.2
In the event of British Airways enjoying further trades beyond 207.1, th ……..
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View Previous British Airways & Big Picture ***
LSE:IQE IQE Close Mid-Price: 17.54 Percentage Change: -3.20% Day High: 18.52 Day Low: 17.5
Target met. In the event IQE experiences weakness below 17.5 calculates a ……..
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View Previous IQE & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 370.3 Percentage Change: + 2.46% Day High: 369.9 Day Low: 364.3
In the event of Marks and Spencer enjoying further trades beyond 369.9, t ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1056 Percentage Change: + 0.86% Day High: 1061.5 Day Low: 1043
Target met. In the event of National Glib enjoying further trades beyond ……..
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View Previous National Glib & Big Picture ***
LSE:TERN Tern Plc Close Mid-Price: 1.1 Percentage Change: -6.38% Day High: 1.18 Day Low: 1.05
Continued weakness against TERN taking the price below 1.05 calculates as ……..
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View Previous Tern Plc & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 369.2 Percentage Change: -0.38% Day High: 373.9 Day Low: 369.8
Target met. Continued trades against TSCO with a mid-price ABOVE 373.9 sh ……..
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View Previous Tesco & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 166.9 Percentage Change: + 0.82% Day High: 168.95 Day Low: 166.65
Target met. In the event of Taylor Wimpey enjoying further trades beyond ……..
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View Previous Taylor Wimpey & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 77.62 Percentage Change: -1.02% Day High: 79.5 Day Low: 77.54
Continued trades against VOD with a mid-price ABOVE 79.5 should improve t ……..
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View Previous Vodafone & Big Picture ***