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.

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

10:04:16PM

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%

 

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