Dixons Carphone Warehouse (LSE:DC.) Companies in the UK retail field, broadly speaking, continue to flourish in a fashion which suggests the field has been sprayed with weedkiller. Even M&S appear to be catching a bit of a cold presently.
Dixons Carphone Warehouse looks like embracing the collective retail misery. The immediate situation is pretty grotty as price movements below 158p calculate as provoking discount down to an initial 110p. By any standards, this is pretty alarming but the strange thing comes from our calculated secondary.
Should the price continue weaken below 110p, we’ve two quite separate formula giving a secondary drop target of 55p. This is quite odd as while it suggests the price will rather neatly half, the two formula are working their magic against quite different timeframes of DC.’s decline. The implicit suggestion therefore is of the market itself already aiming for reversal to such a ridiculous level.
A glance at BLUE on the chart does confirm since the start of 2016, a very deliberate downtrend has been enacted against the share price. In addition, several manipulation nudges are circled, always forcing the price downward.
At present, the share requires better 197.635p just to suggest the immediate downtrend has eased. A recovery such as this will allow an initial 222p with secondary, if bettered, at 241p.
For now, we’re pretty nervous but in the event of 55p ever making an appearance, it seems a Long position should prove viable.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
10:29:39PM |
BRENT |
78.57 |
||||||||||
|
10:32:09PM |
GOLD |
1198.97 |
||||||||||
|
10:37:04PM |
FTSE |
7308.48 |
||||||||||
|
10:39:59PM |
FRANCE |
5368.7 |
5337 |
5326.5 |
5305 |
5372 |
5373 |
5388.75 |
5396 |
5349 |
‘cess |
|
|
10:54:07PM |
GERMANY |
12177 |
Success |
|||||||||
|
10:56:47PM |
US500 |
2906.82 |
2877 |
2872 |
2859 |
2896 |
2908 |
2912.875 |
2918 |
2889 |
Success |
|
|
10:58:50PM |
DOW |
26279 |
Success |
|||||||||
|
11:01:53PM |
NASDAQ |
7499.62 |
‘cess |
|||||||||
|
11:04:16PM |
JAPAN |
23819 |
Success |
18/09/2018 FTSE Closed at 7300 points. Change of -0.03%. Total value traded through LSE was: £ 6,255,155,740 a change of -9.72%
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%