Debenhams (LSE:DEB) It’s becoming easy to imagine a dystopian future for UK high streets, rows of shops selling what people need rather than bland corporate entities selling whatever advertising and fashion dictate people think they want. It can be safely assumed we’ve little respect for retail corporatism!
If we go by retailers share prices, rather a few more household names are simply hanging on for dear life while they flounder around blaming “the internet” for all their ills. Somehow, the corporate mind seems unable to join the dots and discover “internet shopping” flourished due to their own inability to embrace the market place, instead assuming they controlled it. Debenhams, alas, joins the pack of giants struggling to swim in an ever smaller pool.
When we last reviewed Debenhams, we’d a thing about 16p and mentioned in passing an inability to calculate below such a level. Unsurprisingly, the share price broke the 16p level and was even kind enough to bounce slightly in early July, once again giving 16p a goodbye kiss as it continued reversal into the realms of despair. Our ridiculous drop target of -11p (minus 11p) below the 16p level was obviously impossible but when we review dance steps since 16p was broken, the scenario now exists of weakness below 10.3p bringing the price down to 8.375p next, a level at which some sort of bounce is hoped.
We cannot calculate below such a point.
For any bounce to make sense, the share price needs better the downtrend since the start of this year. Rather amazingly, this is currently at 16p and movement above such a level allows some recovery to an initial 19p with secondary, if bettered, at 24p.
At present, we suspect it’s a little bit stuffed and 8.37 is expected to make an appearance eventually.
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Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
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10:15:13PM |
BRENT |
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10:17:24PM |
GOLD |
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10:21:49PM |
FTSE |
‘cess |
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10:23:51PM |
FRANCE |
Success |
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10:27:28PM |
GERMANY |
‘cess |
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10:30:49PM |
US500 |
2910.67 |
2899 |
2896.5 |
2891 |
2911 |
2912 |
2915.5 |
2921 |
2900 |
‘cess |
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10:36:39PM |
DOW |
Success |
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10:38:49PM |
NASDAQ |
7499.49 |
7433 |
7392.5 |
7346 |
7513 |
7532 |
7550 |
7587 |
7452 |
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10:40:30PM |
JAPAN |
19/09/2018 FTSE Closed at 7331 points. Change of 0.42%. Total value traded through LSE was: £ 6,565,643,949 a change of 4.96%
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%