Trends and Targets for 8/11/2018

#Boohoo.com #CAC40 #NK225 It was to take extraordinary effort not to review this at Halloween! However, the price has not been making scary movements, perhaps quite the contrary despite some near term reversal risks.

Last time we reviewed this, the price was expected to reach 242p as an initial upward target. The price not only achieved this at the start of October, it also closed slightly above. In doing so, the downtrend since 2017 was also rather neatly confirmed.

At present, the share is lurking with weakness now below 202p suggesting some relaxation toward 176p. While this does represent quite a severe reversal, it allows the price to remain within the uptrend since 2016 and in doing so, permits a future upward cycle next time the price betters 246p.

Any bounce exceeding 246 suggests some growth coming to 260p next, a probably short lived stutter, then future growth to 291p. While we are taking considerable hope our prior 242 target was exceeded, rather often it is the case of such a movement promising good times ahead.

Below 176p would, however, be quite bad!

 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

10:05:24PM

BRENT

72

Shambles

10:08:18PM

GOLD

1227.18

‘cess

10:10:02PM

FTSE

7154.64

‘cess

10:11:39PM

FRANCE

5161.5

5112

5091.5

5068

5139

5162

5170

5185

5126

Success

10:13:49PM

GERMANY

11667

‘cess

10:22:28PM

US500

2817.77

Success

10:25:23PM

DOW

26232.7

Success

10:27:20PM

NASDAQ

7210

Success

10:34:32PM

JAPAN

22564

22204

22064.5

21898

22278

22564

22627.5

22721

22231

Success

 

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