In full disclosure, we don’t really get Games Workshop. Its relentless focus on Warhammer and associated products has always left us rather cold. In fairness, people who develop a fascination with Dungeons & Dragons can sometimes seem as though they have arrived from another planet — in fact, they might — because the human capacity for becoming completely immersed in an imaginary environment is something this writer has never quite understood. Why spend hours in a world that doesn’t exist when there is perfectly good reality to deal with?
Over the years, we’ve come to accept that this is probably our failing rather than theirs. Perhaps some people simply have a greater appetite for immersion than we do. There is, after all, a certain similarity with the world of model railways: enthusiasts can spend extraordinary amounts of time constructing wonderfully detailed environments, faithfully reproducing landscapes and surroundings that are entirely comprehensible to the rest of us. Warhammer simply takes that concept somewhere considerably further, providing its devotees with a fully developed universe in which the basic framework already exists. All that remains is to paint it, populate it and, presumably, lose several hours of one’s life in the process.
Which brings us, rather unexpectedly, to audiobooks.
Audiobooks are an easy way of consuming literature — or science fiction — while allowing the mind to wander elsewhere. For this writer, listening through a single ear while getting on with something else works remarkably well. What doesn’t work, however, are the increasingly common “read by a full cast” productions offered by Audible.
The reason is simple. A conventional audiobook still leaves the listener’s imagination to do much of the work. The characters have voices, certainly, but the world itself remains largely yours to construct. A full-cast production changes that. Suddenly the voices, performances and sound effects begin supplying the interpretation for you. It can be entertaining, but it also removes something fundamental from the experience of reading: the freedom to imagine the world for yourself.
And perhaps that is where our earlier prejudice against Games Workshop begins to look rather less convincing.
The share price
We can, at least, award ourselves a modest pat on the back for our previous Games Workshop review. We proposed a target level just above £22, and the share price duly obliged.
Unfortunately, it failed to close above our 22,128p target, and has paid a fairly brutal price in the months since. The technical picture has consequently changed, and there is now a possibility that further trouble lies ahead.
From an immediate perspective, a move below 17,060p would suggest a reversal towards an initial 16,800p. Should that level subsequently fail, our longer-term secondary calculation points towards an eventual bottom around 14,972p, potentially followed by a rebound.
We remain somewhat reluctant to place too much confidence in downside reversals during the current cycle, however. There is a nagging suspicion that the market may yet have a surprise gain in store.
For that more optimistic scenario to gain credibility, the share price needs to break above 18,600p. Doing so would suggest that another advance is getting under way, with an initial target around 22,239p. If that level is overcome, our secondary target rises to 23,994p.
Reaching those levels would be significant. More intriguingly, they could open the door to what we suspect may be a much longer-term influence, centred around 26,816p.
So, despite our complete inability to understand why anyone would want to spend their spare time painting miniature warriors, perhaps there really is something to Warhammer after all.
Or perhaps — more importantly for investors — there’s something to Games Workshop that we still haven’t quite understood.


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** **








