{"id":5248,"date":"2024-10-08T02:21:55","date_gmt":"2024-10-08T01:21:55","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=5248"},"modified":"2024-10-08T02:21:55","modified_gmt":"2024-10-08T01:21:55","slug":"morgan-sindall-group-plc-lsemgns-building-success-maybe","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2024\/10\/08\/morgan-sindall-group-plc-lsemgns-building-success-maybe\/","title":{"rendered":"Morgan Sindall Group Plc \u00a0(LSE:MGNS) building success. Maybe."},"content":{"rendered":"

#Gold #WallSt <\/span>\u00a0<\/span><\/b>\u00a0It’s funny how, on a day when we finally selected a new garden shed and ordered it, a couple of emails arrived asking our thoughts on a UK builder.\u00a0 While it’s inevitable a success story like MGNS.L avoid fitting garden sheds, what’s proving a surprise is how difficult it is to find someone to actually build the sodding thing when it arrives on Friday. The manufacturer suggests assembly should be a 2 hour job, a figure which is doubtless rubbish when “assembly” meets real life. Our previous upper garden shed, the one which flew away in January storms, famously indicated a 6 hour assembly time but, in reality, it took three days for two of us to get the thing bolted together. This replacement shed is being placed on a bed of paving slabs, as solid as it gets, and my wife has banned me from taking any part in the build process for “health” reasons. This is a polite way of acknowledging she does not want the shed over-engineered, when I spot obvious weakness’s during construction.<\/span><\/p>\n

During the January storm, being curious as to how my lower garden shed was surviving, after sliding open the doors it was impressive to realise the steel structure was utterly silent, despite the external battering from 80mph winds. Clearly, the additional bracing fitted was making a difference and regardless of whoever we eventually find to build our additional shed, there are going to be some efforts to strengthen the roof and walls internally. <\/span><\/p>\n

The current situation is; a near neighbour owns one of the largest building companies here in Argyll and I asked him about the shed problem. He suggested approaching his teenage daughter as she would appreciate the cash, along with actually having something to do when she’s home from Uni for a weekend. This is going to be interesting…<\/span><\/p>\n

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As for Morgan Sindall Plc, their share price gives considerable hope further gains can be anticipated but there’s a danger the share price is approaching a logical ceiling. Should the stock market commence “gapping” this share price up at the open anytime soon, our target levels are liable to be exceeded but for now, we can only go with movements during this year. Currently, above 3155p should enter a cycle to an initial 3358p with our secondary, if exceeded, working out at a future 3750p and very possible hesitation. In the absence of evidence showing the price being manipulated upward at the open of trade, we are fairly confident it is approaching an imaginary ceiling.<\/span><\/p>\n

Of course, we’ve an alternate scenario, one which asks for the share price to dig below 2950p to cause trouble, risking triggering reversals to an initial 2670 with our longer term secondary and bounce point working out at an eventual 2240p.<\/span><\/p>\n

We like this one but potentially not for long.<\/span><\/p>\n

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FUTURES<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Time Issued<\/span><\/td>\nMarket<\/span><\/td>\nPrice At Issue<\/span><\/td>\nShort Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nLong Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nPrior<\/span><\/td>\n<\/tr>\n
10:55:01PM<\/span><\/td>\nBRENT<\/span><\/td>\n8110<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:30:54PM<\/span><\/td>\nGOLD<\/span><\/td>\n2642.21<\/span><\/td>\n2638<\/span><\/td>\n2622<\/span><\/td>\n2606<\/span><\/td>\n2651<\/span><\/td>\n2660<\/span><\/td>\n2670<\/span><\/td>\n2683<\/span><\/td>\n2650<\/span><\/td>\n<\/td>\n<\/tr>\n
11:38:10PM<\/span><\/td>\nFTSE<\/span><\/td>\n8284.1<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
11:41:40PM<\/span><\/td>\nSTOX50<\/span><\/td>\n4948.9<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
11:45:38PM<\/span><\/td>\nGERMANY<\/span><\/td>\n19010.4<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
11:49:06PM<\/span><\/td>\nUS500<\/span><\/td>\n5691.4<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:55:53PM<\/span><\/td>\nDOW<\/span><\/td>\n41916.5<\/span><\/td>\n41804<\/span><\/td>\n41651<\/span><\/td>\n41400<\/span><\/td>\n42017<\/span><\/td>\n42300<\/span><\/td>\n42440<\/span><\/td>\n42650<\/span><\/td>\n42098<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
12:00:07AM<\/span><\/td>\nNASDAQ<\/span><\/td>\n19761<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
11:04:55PM<\/span><\/td>\nJAPAN<\/span><\/td>\n38731<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSuccess<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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7\/10\/2024 FTSE Closed at 8303 points. Change of 0.28%. Total value traded through LSE was: \u00a3 4,688,627,065 a change of -10.63%<\/h5>\n
4\/10\/2024 FTSE Closed at 8280 points. Change of -0.02%. Total value traded through LSE was: \u00a3 5,246,156,906 a change of -2.97%<\/h5>\n
3\/10\/2024 FTSE Closed at 8282 points. Change of -0.1%. Total value traded through LSE was: \u00a3 5,406,589,998 a change of 0.25%<\/h5>\n
2\/10\/2024 FTSE Closed at 8290 points. Change of 0.17%. Total value traded through LSE was: \u00a3 5,393,073,396 a change of -18.14%<\/h5>\n
1\/10\/2024 FTSE Closed at 8276 points. Change of 0.49%. Total value traded through LSE was: \u00a3 6,588,507,831 a change of -4.69%<\/h5>\n
30\/09\/2024 FTSE Closed at 8236 points. Change of -1.01%. Total value traded through LSE was: \u00a3 6,912,406,295 a change of 9.55%<\/h5>\n
27\/09\/2024 FTSE Closed at 8320 points. Change of 0.43%. Total value traded through LSE was: \u00a3 6,309,682,763 a change of -12.79% <\/a><\/h5>\n

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.<\/span><\/span><\/p>\n

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 <\/span><\/span><\/p>\n

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.<\/span><\/span><\/p>\n

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.<\/span><\/span><\/p>\n

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…<\/p>\n

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Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares<\/h4>\n

<\/a>Click Epic to jump to share: LSE:FGP Firstgroup** **LSE:HSBA HSBC** **LSE:SPX Spirax** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **<\/p>\n

********<\/p>\n

Updated charts published on : Firstgroup, HSBC, Spirax, Standard Chartered, Tullow,<\/p>\n

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LSE:FGP Firstgroup Close Mid-Price: 138.9 Percentage Change: -0.57% Day High: 140.3 Day Low: 136.4 <\/span><\/h4>\n

Target met. Continued weakness against FGP taking the price below 136 cal ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Firstgroup & Big Picture ***<\/a><\/p>\n

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LSE:HSBA HSBC<\/span>. Close Mid-Price: 695.2 Percentage Change: + 0.49% Day High: 698.5 Day Low: 688.7<\/h4>\n

Continued trades against HSBA with a mid-price ABOVE 698.5 should improve ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous HSBC & Big Picture ***<\/a><\/p>\n

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LSE:SPX Spirax Close Mid-Price: 7110 Percentage Change: -0.14% Day High: 7215 Day Low: 7045 <\/span><\/h4>\n

Continued weakness against SPX taking the price below 7045 calculates as ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous Spirax & Big Picture ***<\/a><\/p>\n

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LSE:STAN Standard Chartered<\/span>. Close Mid-Price: 840.6 Percentage Change: + 1.52% Day High: 843.8 Day Low: 827<\/h4>\n

All Standard Chartered needs are mid-price trades ABOVE 843.8 to improve ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Standard Chartered & Big Picture ***<\/a><\/p>\n

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LSE:TLW Tullow<\/span>. Close Mid-Price: 26.5 Percentage Change: + 6.17% Day High: 26.5 Day Low: 24.78<\/h4>\n

Now getting just a little interesting, the share price needed close above ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Tullow & Big Picture ***<\/a><\/p>\n

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*** End of “Updated Today” comments on shares<\/span><\/h2>\n","protected":false},"excerpt":{"rendered":"

#Gold #WallSt \u00a0\u00a0It’s funny how, on a day when we finally selected a new garden shed and ordered it, a couple of emails arrived asking our thoughts on a UK builder.\u00a0 While it’s inevitable a success story like MGNS.L avoid fitting garden sheds, what’s proving a surprise is how difficult it is to find someone … <\/p>\n

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