Centrica #DAX #SP500 Sometimes, setting a Big Picture target can prove quite illuminating. In the case of #Centrica, the energy supplier, we’d speculated during 2017 of the price bottoming at 102p. Some strength has proven evident and the share bottomed at 120p instead!
Since 2013, there has been a very rigid downtrend, one which Centrica’ share price has finally managed to better. While we’re not able to compute an immediate return to the land of milk and honey for the price, some hope for the future is very evident.
The immediate situation suggests the share price now need only trade above 157p to enter a cycle to an initial 168p. Secondary, if bettered, calculates at 189p. Unfortunately, this target is slightly vague, thanks to a manipulation gap. If positive news were involved, the share price could easily accelerate toward 205p instead.
Presently trading around 154p, the price needs below 144p to suggest it’s all going wrong, this suggesting coming weakness to 133p initially and guess what? Secondary is at 102p…
For now, some slight optimism appears possible.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
10:23:59PM |
BRENT |
65.43 |
Success |
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|
10:38:43PM |
GOLD |
1202.71 |
‘cess |
||||||||
|
10:41:16PM |
FTSE |
7053.28 |
‘cess |
||||||||
|
10:42:38PM |
FRANCE |
5070.2 |
|||||||||
|
10:44:39PM |
GERMANY |
11445 |
11274 |
11352.5 |
11165 |
11440 |
11498 |
11530.5 |
11616 |
11388 |
|
|
10:46:33PM |
US500 |
2727.55 |
2713 |
2696.5 |
2670 |
2758 |
2755 |
2767 |
2785 |
2719 |
|
|
10:49:23PM |
DOW |
25343 |
‘cess |
||||||||
|
10:51:28PM |
NASDAQ |
6846.56 |
|||||||||
|
10:53:01PM |
JAPAN |
21768 |
‘cess |