Trends and Targets for 28/11/2018

Ferrari #CAC40 #NK225 We opted to await the end of this years Formula 1 season before glancing at #Ferrari. Even the most cynical eye cannot help but note their share price performance has tended mirror their race pace – often boring and lacklustre. The situation now tends suggest the price has some coming Short potentials.

At time of writing, it’s trading around the 105 level, skirting with danger as there’s a raised kerb at 104. To cut to the chase, weakness now below 104 will be viewed as entering a cycle down to 93.5 next. If broken (and once any fake bounce completes) our secondary comes along at 84.7 and visually, there are ample reasons to hope a reasonable rebound occurs at such a level.

To get out of trouble convincingly, the price needs exceed the fat Red line on the chart, presently at 114.50.

 

Early warning of a viable escape attempt looks like moves bettering 111. This shifts the price into a region where 114 becomes an initial ambition. While secondary – and a probable stutter – calculates at 121.5, along with recovery above the trend, we suspect the price intends a drop, this encouraging us to demand a wide stop at the far Red line!

We’ve littered the chart with some truly grotty longer term drop potentials. At present, absolutely nothing suggests 58 or 39 as possible contenders. Only if the share were to actually close a session below 84 would panic become a valid emotion, the prancing donkey looking very capable of trampling investors.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:04:16PM	BRENT	61									‘cess
10:06:39PM	GOLD	1215.53									Success
10:08:59PM	FTSE	7044.61									Shambles
10:10:18PM	FRANCE	4996.2	4955	4943	4916	4999	5024	5044	5065	4975
10:12:16PM	GERMANY	11348.41									‘cess
10:17:27PM	US500	2686.52									‘cess
10:24:21PM	DOW	24809									‘cess
10:26:26PM	NASDAQ	6712.57
10:28:50PM	JAPAN	22113	21804	21762.5	21618	22020	22196	22270	22336	21901	‘cess

 

27/11/2018 FTSE Closed at 7016 points. Change of -0.28%. Total value traded through LSE was: £ 6,656,422,147 a change of 7.11%

26/11/2018 FTSE Closed at 7036 points. Change of 1.21%. Total value traded through LSE was: £ 6,214,567,261 a change of 9.15%

23/11/2018 FTSE Closed at 6952 points. Change of -0.11%. Total value traded through LSE was: £ 5,693,802,870 a change of 14.9%

22/11/2018 FTSE Closed at 6960 points. Change of -1.28%. Total value traded through LSE was: £ 4,955,552,267 a change of -31%

21/11/2018 FTSE Closed at 7050 points. Change of 1.48%. Total value traded through LSE was: £ 7,182,086,025 a change of 1.94%

20/11/2018 FTSE Closed at 6947 points. Change of -0.76%. Total value traded through LSE was: £ 7,045,402,648 a change of 18.19%

19/11/2018 FTSE Closed at 7000 points. Change of -0.19%. Total value traded through LSE was: £ 5,960,855,965 a change of -20.04%