It’s said famed musician Jeff Beck utterly detested his most famous tune, a ditty called “Hi, Ho, Silver Lining’. Despite, from a royalty perspective it being a nice little pension plan, he held it in similar respect to the way Noddy Holder of Slade hears “Merry Xmas Everybody”. The funny thing, with the Easter school holidays week, it’s become easy to agree with Mr Beck over his famous tune. I’d promised to teach grand-daughters how to play it (the 11 year old being a proper singer) and in the course of a single day, the tune has turned into audio hell.
Both children are at the stage of believing everything they do must be perfect, both girls still to learn real musicians rarely perform the same song identically as they always try and improve or change the original, usually in ways imperceptible to the listeners. Mark Knoffler openly admits he cannot remember how to play the original version of “Money For Nothing”, the bloke being sufficiently comfortable with a guitar and utterly trashing his original, simple, effort involving just three fingers, three strings, and three beginner level chords.
Returning to “Hi Ho, Silver Lining”, the girls spent the entire day focussing on being perfect for the 1st verse and chorus, time and time again. Despite encouraging them to muck around with the tune, their 11 and 13 year old brains insisted on faithfully copying the nuances of Jeff Becks original performance, an attitude which personally, utterly sucked the fun out of the day. The pair are trying to build a repertoire of tunes which will allow them to spontaneously intimidate any audience at school. Children are weird but now, they’ve got 4 Non Blondes, Girls Aloud, and a couple of Taylor Swift numbers, all ready to blow their school chums away. And of course, “Hi Ho Silver Lining” intends return to school after the Easter break despite a personal realisation my guitar tuition has created a pair of monsters.
Obviously, this brings us to Wood Group!
The market has been following some sort of script in moving Woods share price. While usually we’d ridicule such a notion as an active conspiracy in a naive brain, there are a couple of features since 2023 which should be open to very real consideration.
On the chart below, we’ve shown a GaGa movement during 2023 in Green, a set of circumstances which normally would calculate with the potential of a bottom around 20p. Generally speaking, these GaGa things tend be quite accurate when trying to divine the UK markets cunning planst. The recent series of bottoms just above our drop target imply a degree of hope, a principal only tempered by US & UK the stock markets choosing to utterly ignore our thoughts and instead, doing their own thing.
In the case of Wood Group, the green circled GaGa “should” have provoked a path down to our drop target but a year later in August 2025, the share failed to follow the markets suggested path. And so, at the start of August, the markets opted to “gap” LSE:WG. down, essentially delivering a kick in the arse to the share price. A month later, another helpful push was delivered at the start of November and in February this year, a final stomp downward was delivered, one which brought the share price sufficiently close to our drop target and keeping us happy. However, it looks like the market wasn’t happy with this initial touch to the target level, recently gapping it down once again toward a bottom of 21p, again pretty close to our target level and perhaps, by failing to pierce the 20p level, carrying an implication of hidden strength.
There’s an exquisitely defined Blue downtrend since August 2024, one which a great degree of care is being taken to keep the price below. The suggestion now is of movement above 32p holding the capability to trigger recovery to an initial 42p with our secondary, if beaten, a longer term 68p. This shall be especially worth watching, if the market opts to gap the share price up above the Blue downtrend at the open of trade any time soon. We’d be impressed with such a dance step as it comes close to making price recovery a certainty!
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 11:38:55PM | BRENT | 6434.2 | 6196 | 6030 | 5837 | 6405 | 6600 | 6842 | 7178 | 6440 |
| 11:06:18PM | GOLD | 3225.24 | 3187 | 3173 | 3149 | 3221 | 3245 | 3265 | 3368 | 3219 |
| 11:09:48PM | FTSE | 8115.9 | 7923 | 7864 | 7769 | 8003 | 8170 | 8284 | 8447 | 8044 |
| 11:11:37PM | STOX50 | 4910.6 | 4833 | 4797 | 4758 | 4863 | 4916 | 4990 | 5078 | 4866 |
| 11:13:48PM | GERMANY | 20842 | 20173 | 19901 | 19579 | 20370 | 20867 | 20896 | 21159 | 20658 |
| 11:15:41PM | US500 | 5402 | 5306 | 5257 | 5197 | 5346 | 5438 | 5504 | 5634 | 5352 |
| 11:18:50PM | DOW | 40353 | 39848 | 39779 | 39529 | 39928 | 40509 | 41007 | 41876 | 40179 |
| 11:23:24PM | NASDAQ | 18897 | 17786 | 17568 | 17009 | 18206 | 19245 | 19552 | 20611 | 18864 |
| 11:25:49PM | JAPAN | 34032 | 32830 | 32357 | 31706 | 33175 | 35206 | 36884 | 39047 | 34704 |
14/04/2025 FTSE Closed at 8134 points. Change of 2.13%. Total value traded through LSE was: £ 4,939,029,707 a change of -33.73%
11/04/2025 FTSE Closed at 7964 points. Change of 0.64%. Total value traded through LSE was: £ 7,453,071,639 a change of -14.95%
10/04/2025 FTSE Closed at 7913 points. Change of 3.05%. Total value traded through LSE was: £ 8,763,429,654 a change of 13.24%
9/04/2025 FTSE Closed at 7679 points. Change of -2.92%. Total value traded through LSE was: £ 7,739,110,542 a change of -9.6%
8/04/2025 FTSE Closed at 7910 points. Change of 2.7%. Total value traded through LSE was: £ 8,561,122,839 a change of -22.29%
7/04/2025 FTSE Closed at 7702 points. Change of -4.38%. Total value traded through LSE was: £ 11,016,495,599 a change of 0%
4/04/2025 FTSE Closed at 8055 points. Change of -4.94%. Total value traded through LSE was: £ 0 a change of -100% 
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:BME B & M** **LSE:FRES Fresnillo** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:STAR Star Energy** **
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Updated charts published on : B & M, Fresnillo, IQE, Marks and Spencer, Star Energy,
LSE:BME B & M. Close Mid-Price: 299.2 Percentage Change: + 4.62% Day High: 300.5 Day Low: 290.8
Further movement against B & M ABOVE 300.5 should improve acceleration to ……..
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View Previous B & M & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 1020 Percentage Change: + 2.93% Day High: 1021 Day Low: 985.5
Target met. All Fresnillo needs are mid-price trades ABOVE 1021 to improv ……..
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View Previous Fresnillo & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 9.53 Percentage Change: + 4.96% Day High: 9.85 Day Low: 9.33
This is not a happy share. Movement now below 9p allows for reversal to an ……..
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View Previous IQE & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 393.3 Percentage Change: + 4.13% Day High: 394.4 Day Low: 377.5
Above 395 now shows as capable of a lift to an initial 406 with our second ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:STAR Star Energy. Close Mid-Price: 6.79 Percentage Change: + 3.82% Day High: 0 Day Low: 0
Moves next below 6.6 risk triggering reversals down to an initial 6.1p wit ……..
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View Previous Star Energy & Big Picture ***