{"id":871,"date":"2019-04-07T22:07:56","date_gmt":"2019-04-07T21:07:56","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=871"},"modified":"2019-04-08T08:24:43","modified_gmt":"2019-04-08T07:24:43","slug":"trends-and-targets-for-8-04-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/04\/07\/trends-and-targets-for-8-04-2019\/","title":{"rendered":"Trends and Targets for 8\/04\/2019"},"content":{"rendered":"\n

The WD-40 Company #Brent #DAX and The Grand Tour (aka Top Gear). <\/strong>Recent weeks witnessed our little tractor suffering a slow service. Every single job was interrupted by dodgy weather, seized bolts, frozen nuts, or everything at once. It never occurred, despite a plethora of lubricants in use, they were all actually produced by the same company. An email asking us to review WD40 changed everything!<\/p>\n\n\n\n

Household names such as 3-in-1, WD40, even Solvol, each \nhave featured in the battle to get the tractor ready for the summer season. \nThanks to someone asking for a report prior to WD40 reporting some earnings on \nTuesday, we discovered this single company is being tasked with ensuring the red \n& yellow single seater lasts through the summer season. Certainly, with the task \nof removing just one of the big rear wheels requiring an entire can of WD40 (and \na fire extinguisher when a blow torch was also applied), our thoughts should \nhave turned to the products origins earlier. It would also have given a \nreasonable excuse to further delay a horrible manual labour job, one guided by \nnumerous YouTube videos.<\/p>\n\n\n\n

Firstly, the Big Picture ensured we could calculate 165 \nas a reasonable upper target for WD40, this being a maximum level for the share \nprice. It achieved this level last year in August and in the period since, the \nshare has oscillated above and below such an ambition. It would be churlish not \nto acknowledge the bias of movements have tended above this level, creating the \nsituation where movement now above 177 should prove capable of a lift to 186, \neffectively challenging prior all time highs. Closure above 186 will tend \nsuggest future movement to 199 can be expected.<\/p>\n\n\n\n

If trouble is planned, weakness now below 161 should \nsignal some reversal coming to an initial 152, along with the challenge of the \nimmediate RED uptrend. Ideally some sort of rebound can be hoped at such a level \nas weakness below 152 risks real trouble, breaking the trend and permitting a \njourney down to 140. This sort of nonsense risks quite horrible long term \nramifications, taking the share into a region where 112 calculates as an \neventual “bottom” level. We’d be happier if this sort of target did not make \nvisual sense, given the shares historic dance steps.<\/p>\n\n\n\n

For now, the bias above 165, along with the small \nfortune we’ve spent on the company’ products, gives some hope for the future. As \nmentioned, they are due to report some results once the Nasdaq closes on \nTuesday.<\/p>\n\n\n\n

As for The Grand Tour, their Mongolian episode must – \nin this writers opinion – rank as Clarkston & Co at their most entertaining. And \nwe didn’t see them use WD40 once!<\/p>\n\n\n\n

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

5\/04\/2019 FTSE Closed at 7446 points. Change of 0.61%. Total value traded through LSE was: \u00a3 5,422,780,850 a change of -8.07%\n<\/h5>\n\n\n\n
4\/04\/2019 FTSE Closed at 7401 points. Change of -0.23%. Total value traded through LSE was: \u00a3 5,898,709,129 a change of -18.49%\n\n\n<\/h5>\n\n\n\n
\"\"\/<\/figure>\n","protected":false},"excerpt":{"rendered":"

The WD-40 Company #Brent #DAX and The Grand Tour (aka Top Gear). Recent weeks witnessed our little tractor suffering a slow service. Every single job was interrupted by dodgy weather, seized bolts, frozen nuts, or everything at once. It never occurred, despite a plethora of lubricants in use, they were all actually produced by the … <\/p>\n

Continue reading “Trends and Targets for 8\/04\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-871","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=871"}],"version-history":[{"count":3,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/871\/revisions"}],"predecessor-version":[{"id":874,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/871\/revisions\/874"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=871"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}