#RoyalMail #DAX #JAPAN & Britney Spears! Something quite distasteful is happening with the markets. Essentially, uncomfortable numbers of shares keep teasing their “big drop” triggers, the FTSE obviously joining in the game. If things intend get really grotty, we’re inclined to take the London market closing below 6955 as the final trigger for a rotten run up to Christmas.
Royal Mail Group, presently trading around 363p, keeps flirting with a first class stomping. Closure below 329p calculates as the last straw breaking, capable of driving the share price down to an initial 276p and a new all time low for the price. While not sounding terribly alarming, our secondary comes along at a second class 110p.
An obvious suspicion the share price is becoming a political plaything shall doubtless be justified. Royal Mail achieved some pretty impressive all time highs back in May of this year. Then something odd happened with the price being gapped (manipulated) downward a couple of days later. Perhaps it was negative news, perhaps it was a politician mumbling about returning the company to public control. Either way, the market clearly decided the share was going no higher with price movements since taking the share to the edge of an abyss.
At present, the share requires a bit of a miracle to get out of trouble. The bigger picture demands the share exceed 460p at present simple to arrest the rate of decline.
When we zoom in, examining movements since the share price was again trashed at the start of October, we hope an initial trigger at 370 shall prove capable of lifting the share up to an initial 404p. In the event 404p is bettered, it ticks the first box to suggest the price has bottomed. Secondary calculates at 431p. along with a challenge of the BLUE downtrend in a month or so.
For now, we’re not happy nor confident as to its prospects. As can be guessed, similar sentiment is held about the FTSE!
As for Britney Spears, among recent trivia regarding her pop career were a couple of facts. Her track, “Hit Me Babe One More Time” was filmed in the same school used for the film Grease. In addition, the tune was written by a Swedish bloke who thought “Hit Me” was US teenage slang for “Call Me.”
Suddenly, it makes sense…
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
|
10:31:29PM |
BRENT |
75.79 |
‘cess |
|||||||||
|
10:32:58PM |
GOLD |
1234.84 |
||||||||||
|
10:41:36PM |
FTSE |
6935 |
‘cess |
|||||||||
|
10:47:34PM |
FRANCE |
4908.2 |
‘cess |
|||||||||
|
10:56:45PM |
GERMANY |
11137.58 |
11049 |
10975 |
10249 |
11216 |
11260 |
11299.5 |
11383 |
11163 |
‘cess |
|
|
10:59:23PM |
US500 |
2672.58 |
Success |
|||||||||
|
11:01:44PM |
DOW |
24729.8 |
‘cess |
|||||||||
|
11:04:08PM |
NASDAQ |
6855.24 |
‘cess |
|||||||||
|
11:06:52PM |
JAPAN |
21444 |
21335 |
21188 |
21054 |
21565 |
22206 |
22467.5 |
22845 |
21800 |
Success |
24/10/2018 FTSE Closed at 6962 points. Change of 0.1%. Total value traded through LSE was: £ 6,891,267,887 a change of -25.51%
23/10/2018 FTSE Closed at 6955 points. Change of -1.24%. Total value traded through LSE was: £ 9,250,752,256 a change of 48.14%
22/10/2018 FTSE Closed at 7042 points. Change of -0.1%. Total value traded through LSE was: £ 6,244,485,497 a change of 2.54%
19/10/2018 FTSE Closed at 7049 points. Change of 0.33%. Total value traded through LSE was: £ 6,089,694,862 a change of -8.8%
18/10/2018 FTSE Closed at 7026 points. Change of -0.41%. Total value traded through LSE was: £ 6,677,006,218 a change of -1.48%
17/10/2018 FTSE Closed at 7055 points. Change of -0.06%. Total value traded through LSE was: £ 6,777,069,571 a change of -10.12%
16/10/2018 FTSE Closed at 7059 points. Change of 0.43%. Total value traded through LSE was: £ 7,540,354,046 a change of -9.39%