In full disclosure, we don’t “get” Games Workshop, their focus on Warhammer and associated products leaving us cold. In fairness, folk who develop a fascination with Dungeons & Dragons may as well come from another planet (in fact, they might!) as the human ability for immersion in a pretend environment simply seems a waste of time. Over the years, we’ve come to appreciate our dislike for this sort of thing, the focus being an attraction for folk who’ve not a fully developed imagination. It’s similar to those who immerse themselves in model railways, slavishly creating amazing environments based on their own surroundings, something they can understand. Equally, the Warhammer people are given a fully developed playground, essentially only requiring them to paint and decorate it.
What brought this epiphany came from audio books, an easy way of consuming literature or science fiction, where your mind can be focussed elsewhere while a book is playing in a single ear. This method certainly works for this writer but the abhorrent “read by a full cast” offerings from Audible are avoided. The reason is simple, a full cast reading a book utterly submerges the readers normal ability to use their imagination when reading a book. Instead, the “full cast” concept steals a key element from the pleasure of reading.
However, we certainly awarded ourselves a pat on the back from our previous review of Games Workshop. We’d proposed a target level just over £22 and the share price obliged. Unfortunately, it has failed to close above our 22,128p target, paying a deadly price in the months since. The situation now exists where some trouble may be ahead.
From an immediate perspective, it seems trades below 17,060 should trigger reversal to an initial 16.800p. Our longer term secondary, if broken, calculates with a bottom down at an eventual 14,972p and a potential rebound. We have reasons to be reticent about price reversals on the current cycle, suspecting the market intends some surprise gains.
Unfortunately, the share price needs exceed 18,600p to suggest gains are about to kick off, giving an initial target around 22,239p with our secondary, if beaten, at 23,994p. Achieving such target levels shall be regarded as significant, allowing us to speculate a long term influence is being exerted from 26,816p!
Who knows, perhaps there’s something to Warhammer?
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:05:04PM | BRENT | 10696 | |||||||||
| 11:09:34PM | GOLD | 4295.72 | 4253 | 4208 | 4108 | 4316 | 4402 | 4407 | 4456 | 4341 | |
| 11:11:52PM | FTSE | 10698.5 | Success | ||||||||
| 11:16:41PM | STOX50 | 6276.4 | Success | ||||||||
| 11:30:55PM | GERMANY | 25516 | ‘cess | ||||||||
| 11:35:43PM | US500 | 7626.5 | 7590 | 7573 | 7548 | 7615 | 7643 | 7650 | 7670 | 7626 | ‘cess |
| 11:39:09PM | DOW | 52389.5 | |||||||||
| 12:00:34AM | NASDAQ | 29115.4 |
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:BP. BP PLC** **LSE:NG. National Glib** **LSE:OXIG Oxford Instruments** **LSE:SAGA SAGA Plc** **LSE:STAN Standard Chartered** **LSE:TLW Tullow** **
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Updated charts published on : BP PLC, National Glib, Oxford Instruments, SAGA Plc, Standard Chartered, Tullow,
LSE:BP. BP PLC. Close Mid-Price: 571.2 Percentage Change: + 0.00% Day High: 577.9 Day Low: 567.3
Simply managing to get the share price above 577.9 is the next hurdle for ……..
</p
View Previous BP PLC & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1105 Percentage Change: + 0.00% Day High: 1131 Day Low: 1105
Target met. In the event of NG. share price managing to break below 1105p ……..
</p
View Previous National Glib & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2610 Percentage Change: + 0.00% Day High: 2710 Day Low: 2554
Target met. If Oxford Instruments experiences continued weakness below 25 ……..
</p
View Previous Oxford Instruments & Big Picture ***
LSE:SAGA SAGA Plc. Close Mid-Price: 594 Percentage Change: + 0.00% Day High: 600 Day Low: 582
Target met. Managing to get the share price BELOW 582p is the next proble ……..
</p
View Previous SAGA Plc & Big Picture ***
LSE:STAN Standard Chartered. Close Mid-Price: 2299 Percentage Change: + 0.00% Day High: 2331 Day Low: 2292
Target met. The next task for Standard Chartered is to get the price abov ……..
</p
View Previous Standard Chartered & Big Picture ***
LSE:TLW Tullow. Close Mid-Price: 24.65 Percentage Change: + 0.00% Day High: 24.8 Day Low: 23.35
Target met. In the event of Tullow enjoying further trades beyond 24.8, t ……..
</p
View Previous Tullow & Big Picture ***
*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.
Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:GRG Greggs** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **