Kingfisher (KGF)

 

Trends and Targets for 22/03/2018

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KINGFISHER (LSE:KGF) A little known fact about Kingfishers is, when they dive into water, they close their eyes, fishing blind! Additionally, their beak design is so aerodynamic may Japanese bullet trains are modelled to copy it! However, Kingfisher - the company - is another matter...

A little known fact about KINGFISHER PLC is their uptrend since 2008 currently is lurking at roughly 296.931p. In addition, the immediate state of affairs suggests weakness below 304p (currently trading around 308) should bring reversal toward 296.8p, therefore running the risk of the share price CLOSING below the long term uptrend. To get real, common sense suggests a bounce is probably awaiting at RED on the chart as we shall not risk closing our eyes and suggesting the worst unless the share actually does close below RED. An event like this would be truly bad, opening the price to reversal toward 233p initially with secondary, if broken, at 130p.

Doubtless, a constant supply of negative news would be required to make such miserable sounding drop potentials a reality.

The immediate situation with KGF is the price requires above 346p just to escape the downtrend since February and indicate drop forces are easing. Thus, if it actually does bounce from the 296 level, above 346 should bring an initial 360p with secondary 381p. Unfortunately, similar to expecting a special offer from B&Q's website to actually be available in their stores, we're not holding out much hope for this. Events with other shares have tended produce 10-15% rebounds from trends only.

Perhaps it is worth watching for a near term LONG position with a blooming tight stop!

Chart goes here

FUTURES


Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior


10:26:01PM

BRENT

69.51

               

Success


10:27:56PM

US CRUD

65.43

               

Success

10:30:08PM

GOLD

1332.24

               

Success

10:34:11PM

FTSE

7023.57

               

'cess


10:36:08PM

FRANCE

5220

5218

5196.5

5175

5258

5258

5277

5300

5218



10:38:44PM

GERMANY

12266

               

Shambles

10:41:08PM

US500

2716.72

2702

2694.04

2678.86

2730

2731

2741

2757

2710

'cess


10:46:46PM

DOW

24733

               

10:48:25PM

NASDAQ

6870

               

Shambles


10:54:43PM

JAPAN

21365

               

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 [email protected] 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

The Arrow icons refer to expected Big Picture direction. No Arrow, No clue!

Click Epic to jump to share: LSE:AMER Amerisur** **LSE:BLVN Bowleven** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:ITV ITV** **LSE:MKS Marks and Spencer** **LSE:RTHM Rythm One** **LSE:SBRY Sainsbury** **LSE:SDY Speedyhire** **LSE:STAN Standard Chartered** **LSE:VEC Vectura** **

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Updated charts published on : Amerisur, Bowleven, Fresnillo, Genel, Gulf Keystone, ITV, Marks and Spencer, Rythm One, Sainsbury, Speedyhire, Standard Chartered, Vectura,


LSE:AMER Amerisur Close Mid-Price: 15.44 Percentage Change: -0.26% Day High: 16 Day Low: 15

2017=30%

Further weakness continuing below 15p remains pointing at 13.5 next with s ........

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View Previous Amerisur & Big Picture ***


LSE:BLVNLSE:BLVN Bowleven. Close Mid-Price: 37 Percentage Change: + 4.89% Day High: 36.65 Day Low: 35

2018=20%

Moves now above 37 indicate continued growth toward 39 next with secondary ........

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View Previous Bowleven & Big Picture ***


LSE:FRESLSE:FRES Fresnillo. Close Mid-Price: 1184 Percentage Change: + 1.54% Day High: 1195 Day Low: 1159

2018=25%

Further weakness below 1159 still indicates travel down to 1130 next with ........

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View Previous Fresnillo & Big Picture ***


LSE:GENLLSE:GENL Genel. Close Mid-Price: 159.6 Percentage Change: + 5.14% Day High: 160.8 Day Low: 151.2

2018=21%

Target Met. Moves now bettering 160 indicate growth to 162.5 next with sec ........

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View Previous Genel & Big Picture ***


LSE:GKPLSE:GKP Gulf Keystone. Close Mid-Price: 128 Percentage Change: + 6.84% Day High: 128.4 Day Low: 120.4

2018=36%

Target Met. Continued movement bettering 129 indicates growth to 132p whic ........

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View Previous Gulf Keystone & Big Picture ***


LSE:ITV ITV Close Mid-Price: 142.9 Percentage Change: -1.35% Day High: 145.3 Day Low: 143

2018=23%

Target Met. This is on the edge of really nasty as below 143 indicates 132 ........

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View Previous ITV & Big Picture ***


LSE:MKS Marks and Spencer Close Mid-Price: 269.9 Percentage Change: -0.77% Day High: 272.3 Day Low: 268.3

2018=60%

Further weakness below 268 suggests 266 next with secondary 264. This real ........

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View Previous Marks and Spencer & Big Picture ***


LSE:RTHM Rythm One Close Mid-Price: 176 Percentage Change: -4.35% Day High: 187 Day Low: 176

2018=40%

Target Met. It didn't bounce and now resides in a region where below 176 a ........

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View Previous Rythm One & Big Picture ***


LSE:SBRY Sainsbury Close Mid-Price: 232 Percentage Change: -0.64% Day High: 233.2 Day Low: 230.7

2018=33%

Below 230p indicates a fake bounce coming at 224 but realistically, it app ........

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View Previous Sainsbury & Big Picture ***


LSE:SDY Speedyhire Close Mid-Price: 48.5 Percentage Change: -3.00% Day High: 52 Day Low: 48.5

2018=14%

Target Met. This is getting pretty grotty as below 48.5 now indicates 43.5 ........

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View Previous Speedyhire & Big Picture ***


LSE:STAN Standard Chartered Close Mid-Price: 747.1 Percentage Change: -0.35% Day High: 753.1 Day Low: 740

2018=23%

Target Met. Ongoing weakness below 740 remains pointing at 705 as a very p ........

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View Previous Standard Chartered & Big Picture ***


LSE:VEC Vectura Close Mid-Price: 68.4 Percentage Change: -15.19% Day High: 81.05 Day Low: 68

2018=19%

Further dribbles below 68 remain with the potential of some sort of bounce ........

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View Previous Vectura & Big Picture ***


*** End of "Updated Today" comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:LMI LonMin** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:SHP Shire** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **LSE:ZOL Zoldav** **

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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!

 

Risk Warning & Notice to Investors

Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.

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