Have you looked at the piece of code and what I want the WDRECENT flag to be?

The "critical" run:
0: WD runs for quite a while so WDRECENT is 0.
1: WDTRST,#0x1E
2: Interrupt (breaks consequitiveness)
3: WDTRST,#0xE1 (no effect on WD, WDRECENT is still 0)
4: JNB WDRECENT(=0),WDRST1(retry) - yes, do jump.
5: WDTRST,#0x1E, this time "luckily" not followed by interrupt. (we've just returned from one, we can hope another one won't happen for a few cycles, and if it does, we can try again, hopefuly watchdog won't time out - and if it will, it could just as well before CLR EA, the conditions are almost the same)
6: WDTRST,#0xE1 just after the first. Watchdog IS reset, WDRECENT is set to 1 and will remain high for another 0.1ms or so (or maybe until next write to WDRST?)
7: JNB WDRECENT(=1), just continue.