#Gold #Japan Vistry promote themselves as “The Affordable Housing Specialist”, obviously placing themselves firmly in the target of the Bank of England, an organisation keen to ensure few people can afford houses by artificially keeping interest rates high. The failed economic experiment of keeping interest rates to tackle inflation simply hasn’t worked, central banks somehow failing to grasp the basic concept of forcing prices up with interest rates only increases inflation. And now, with a massive house builder issuing a Profits Warning, maybe the message shall get through to the so called economists advising the BoE their policies are actively hurting the economy of the UK.
To be fair, once you read beyond the headlines, Vistry still remain in profit and despite their falling order book, remain in the business of building and selling the occasional property. Unfortunately, they also remain with a share price which currently emulates the Pfizer New York tower with support beams looking like they are made of toffee.
When we previously reviewed Vistry Group, we projected 281p as our secondary target, anticipating it would be a bottom for the share price. This, unfortunately, turns out to be as concise as anything the current Prime Minister says, 281p fading away faster than candidates willing to challenge Nigel Farage in a by-election!
When we review share price movements since May of this year, it’s pretty obvious our 281p level meant something special to the market, considerable effort now being made to ensure the share value remains below such a level. Things are now looking just a little dodgy with weakness below 221 now threatening reversal to 190p with our secondary, if broken, at a future bottom of 160p.
If the 281 level is as valid as the chart extract suggests, movement next above such a level should prove convincing, giving an initial target of 343p with our longer term secondary, if bettered, at a future 520p. Normally we’d ridicule such an ambition but visually, it starts to make rather a lot of sense.
Long story short, we suspect Vistry may be approaching a bottom. Maybe the bounce shall prove useful.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:11:08PM | BRENT | 7954.7 | Success | ||||||||
| 11:14:17PM | GOLD | 4077.9 | 4022 | 4005 | 3976 | 4054 | 4088 | 4097 | 4122 | 4068 | ‘cess |
| 11:16:54PM | FTSE | 10487.3 | Success | ||||||||
| 11:20:00PM | STOX50 | 6239.5 | Success | ||||||||
| 11:23:45PM | GERMANY | 24996.8 | Success | ||||||||
| 11:27:55PM | US500 | 7470.3 | Success | ||||||||
| 11:12:37PM | DOW | 52290 | Success | ||||||||
| 11:15:40PM | NASDAQ | 29215 | |||||||||
| 11:18:20PM | JAPAN | 67725 | 65304 | Nothing | sane | showing | 67750 | 67986 | 68880 | 67255 |
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:ECO ECO (Atlantic) O & G** **LSE:FRES Fresnillo** **LSE:HIK Hikma** **LSE:QED Quadrise** **LSE:ZOO Zoo Digital** **
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Updated charts published on : Aston Martin, ECO (Atlantic) O & G, Fresnillo, Hikma, Quadrise, Zoo Digital,
LSE:AML Aston Martin. Close Mid-Price: 36.32 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Weakness on Aston Martin below 35.54 will invariably lead to 33p with sec ……..
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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 54.6 Percentage Change: + 0.00% Day High: 0 Day Low: 0
All ECO (Atlantic) O & G needs are mid-price trades ABOVE 56 to improve a ……..
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LSE:FRES Fresnillo. Close Mid-Price: 2570 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. If Fresnillo experiences continued weakness below 2543, it wi ……..
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View Previous Fresnillo & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1632 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. All Hikma needs are mid-price trades ABOVE 1761 to improve ac ……..
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View Previous Hikma & Big Picture ***
LSE:QED Quadrise. Close Mid-Price: 1.015 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. In the event Quadrise experiences weakness below 0.91 it calc ……..
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View Previous Quadrise & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 11 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Weakness on Zoo Digital below 0 will invariably lead to 10.25 with our se ……..
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View Previous Zoo Digital & Big Picture ***