Trends and Targets for 18/09/2018

#Dominos Pizza #GOLD #NASDAQ For a company who’s business model appears based on delivering what is essentially Toast & Cheese with an Italian accent, the share price has proven fairly resilient since 2017. Unfortunately, it’s now at risk of a painful wake up call.

The immediate situation suggests weakness below 274p should challenge (and hopefully bounce meaningfully at) 254p. As the chart highlights, such a movement takes the price into proximity of the RED uptrend since 2008. Similar to the thought of eating pizza**, this is quite a scary proposition.

We’ve a massive problem if the price actually closes below 254p and breaks this uptrend. Essentially it allows further weakness to 214p initially with secondary calculating at a probable bottom of 132p. Despite presenting the risk of the price halving in value, a bottom of 132p rather neatly matches the lows of 2010 and 2011, indicate a good chance of a serious bounce should such a ridiculous sounding drop target appear.

To escape the immediate drop risk, the share price requires exceed 315p on the chart, taking the share into a region with an initial target calculating at 341p. If exceeded, secondary is at 354p.

For now, we’re more than a little concerned with this and suggest it worth keeping an eye on, just in case 132p does make an appearance.

Chart goes here

**The writer has Coeliac disease, demanding a gluten free diet.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:01:01PM

BRENT

77.66

Shambles

10:04:09PM

GOLD

1202.7

1193

1190.5

1186

1204

1212.5

1221.5

1242

1194

10:06:02PM

FTSE

7265.38

‘cess

10:21:42PM

FRANCE

5330

‘cess

10:23:34PM

GERMANY

12063

‘cess

10:25:22PM

US500

2890.98

‘cess

10:27:32PM

DOW

26077.9

10:29:57PM

NASDAQ

7437.8

7426

7359

7281

7493

7506

7523.5

7556

7451

Success

10:32:36PM

JAPAN

23193

‘cess

17/09/2018 FTSE Closed at 7302 points. Change of -0.03%. Total value traded through LSE was: £ 6,928,775,046 a change of -9.93%
14/09/2018 FTSE Closed at 7304 points. Change of 0.32%. Total value traded through LSE was: £ 7,692,584,165 a change of -0.13%
13/09/2018 FTSE Closed at 7281 points. Change of -0.44%. Total value traded through LSE was: £ 7,702,800,654 a change of -12.29%
12/09/2018 FTSE Closed at 7313 points. Change of 0.55%. Total value traded through LSE was: £ 8,782,533,108 a change of 9.2%
11/09/2018 FTSE Closed at 7273 points. Change of -0.08%. Total value traded through LSE was: £ 8,042,792,002 a change of -0.09%
10/09/2018 FTSE Closed at 7279 points. Change of 0.03%. Total value traded through LSE was: £ 8,050,026,757 a change of -26.36%
7/09/2018 FTSE Closed at 7277 points. Change of -0.56%. Total value traded through LSE was: £ 10,931,787,277 a change of 12.39%

 

 

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