#Gold #SP500 Following a year when we’ve all enjoyed & endured the experience of online shopping, Sainsbury came top in a Which Report for online service whereas Aldi topped the list in the ‘value for money’ category. Needless to say, Aldi also flopped around a bit with customers tending ridicule their shop layout. But their prices were good, if you could find the products! Sainsbury, a presence since 1869 appear to have embraced this new fangled online experience rather more successfully than rivals and we’d hope to see this success mirrored in their share price.
So far, unfortunately, this seems not to be the case. Trading around 226p at time of writing, there’s a pretty firm suspicion near term weakness below just 224p shall promote reversals to an initial 211p. We’d hope for a bounce should 211p make itself known but warn, should such a price level break, we’d then hope for a rebound before our secondary of 188p.
However, perhaps the accolade suggesting Sainsbury, after 152 years, actually know what they’re doing will provide an effect on price movements but realistically at present, we need the share price above 250p to suggest the possibility of movement to an initial 267p with secondary, if exceeded, calculating at a visibly sane 300p eventually. We use the term “visibly sane” due to the high prior to the 2019 drop showing itself as an excellent level to produce a glass ceiling eventually.
Jubilee Metals (LSE:JLP) Following the stock market crash of 2009, there was little doubt Jubilee Metals share price was enthusiastically talked up (ramped) by certain folk in internet chat rooms and as always with this sort of nonsense, the gains eventually vanished, the share price finding a floor at the 1p level. For the last 5 years, the price has enacted spasmodic twitches but now, it feels like something genuine may be happening. This year, the price has outperformed all near term logic and there’s a strong suggestion gains next above 17p should continue growth toward an amazing 24p.
If exceeded, our longer term secondary calculates at 32p and as with our thoughts on Sainsbury above, this presents the sort of level where some hesitation can be expected. Obviously, there’s going to be a bunch of folk trapped since the 32p level appeared ten years ago and a lot of them will Bail At Break Even, bringing selling pressure. Additionally, another bunch of folk will glance at the chart and see the prior highs, assuming a problem exists at such a price level.
We’re aware we’re speculating on the price doubling from current, so perhaps worth doing some research. It needs fall below 10p to give early warning of panic.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:33:56PM | BRENT | 65.02 | Success | ||||||||
| 10:36:08PM | GOLD | 1810 | 1788 | 1782 | 1771 | 1803 | 1812 | 1819 | 1829 | 1792 | ‘cess |
| 10:37:55PM | FTSE | 6595.36 | ‘cess | ||||||||
| 10:40:40PM | FRANCE | 5748 | ‘cess | ||||||||
| 10:43:06PM | GERMANY | 13924 | ‘cess | ||||||||
| 10:52:24PM | US500 | 3879.32 | 3863 | 3858 | 3824 | 3883 | 3902 | 3906.5 | 3921 | 3891 | Success |
| 10:54:11PM | DOW | 31561 | Success | ||||||||
| 10:56:51PM | NASDAQ | 13228 | Success | ||||||||
| 10:59:06PM | JAPAN | 29986 | ‘cess |