Trends and Targets for 26/09/2018

ESURE #CAC40 #NASDAQ It’s strange, living in an age where most insurance companies appear to regard TV advertising slogans as the safest way to allow their company judged. It’s even possible #Esure were one of the originators of this campaigning, targeting the lazy gullible.

 

We’ve a particular grudge against insurers, primarily due to “More Than’s” behaviour when questioned why a pets insurance More Than doubled from one year to the next, despite the pet in question not having any claims on her policy for 9 years. Essentially, we could not get a reasonable answer to explain the 250% rise. Eventually, the penny dropped the insurer didn’t particularly want a dog over 10 years old on their books. While perhaps making good business sense it seems a strategy which left a bad taste as we’d historically been lazy, just letting policies renew annually. It also means none of our 4 freeloading pets are now insured through this company.

 

Anyway, now that particular rant is out of the way, Esure’s share price has a history of behaving strangely and this years dance steps again match the corkscrew pattern since 2014.

The immediate situation is fairly interesting as movement now above 283p suggests travel coming to an initial 292.5p. In itself, while not a vastly interesting rise, it tends hint at a challenge against the ruling downtrend since 2013. Better still, movement above 293p suggests a longer term 335p as a viable ambition, along with an almost certain stumble while those trapped at the historical high indulge a selling frenzy, probably forcing some price reversal.

But critically, once the price achieves such a level, it’s not terribly difficult to calculate a long term attraction from 426p.

For now, the price is essentially floundering around, as if in shock at the elevation from 2 quid to present levels.

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

10:14:41PM

BRENT

81.04

‘cess

10:17:25PM

GOLD

1201.67

10:19:28PM

FTSE

7484.96

‘cess

10:29:36PM

FRANCE

5471.5

5450

5446.5

5429

5490

5498

5511

5549

5450

10:32:03PM

GERMANY

12382.34

10:34:45PM

US500

2918.52

Success

10:43:56PM

DOW

26507

10:47:51PM

NASDAQ

7574.48

7515

7497

7471

7540

7575

7586.5

7614

7518

10:52:18PM

JAPAN

23840

Success

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