#FTSE #DOW It’s not difficult to imagine security company #G4S salivating about potential opportunities, once full border controls are required following Brexit. Perhaps they shall be contracted to man a liquid border down the middle of the Irish Sea, once Northern Ireland finds itself effectively tossed out of the UK. There was something occurred due to the Covid-19 drop in March which perhaps suggests potentials for the future.
All our conventional calculations provided a drop target of 43p against this share but the lowest achieved turned out to be 69p and it has certainly rebounded in the intervening period. We wonder if the market suspects an inherent strength for the share price? If this is the case, we’re going to play relatively sane, allocating 150p as a trigger level which should provoke further price recovery to some surprising levels.
In the event the price closes a session above 150p, we’re expecting moves toward an initial 175p where a challenge of the downtrend since 2017 looks certain. Should this initial ambition be exceeded, things start to become a little “game changing” as further travel to 250p becomes possible. This is thanks to a longer term prospect appearing, up at 343p and effectively matching the all time high.
We’ve opted to emplace a wide trigger level as only above 150p shall we feel the share price has dusted off the effects of Covid-19 and intends embrace the future.
FUTURES
Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
9:10:06PM | BRENT | 44.42 | Success | ||||||||
9:13:22PM | GOLD | 1841.21 | Success | ||||||||
9:16:36PM | FTSE | 6254 | 6238 | 6229 | 6200 | 6272 | 6316 | 6333 | 6372 | 6270 | ‘cess |
9:20:29PM | FRANCE | 5070.5 | Success | ||||||||
9:23:29PM | GERMANY | 13104.08 | Success | ||||||||
9:26:43PM | NASDAQ | 10864 | Shambles | ||||||||
9:28:37PM | US500 | 3259.62 | Success | ||||||||
9:34:55PM | DOW | 26835 | 26762 | 26731 | 26632 | 26886 | 26890 | 26935 | 26992 | 26801 | Success |
9:37:21PM | JAPAN | 22732 | ‘cess |