Trends and Targets for 19/09/2018

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.

Chart goes here

FUTURES

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%

 

This post has already been read 111 times!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.