Trends and Targets for 29/11/2018

#Fevertree #US500 #GOLD This lot are exceedingly popular with the CFD community and thankfully the short scenario presented last month has worked out with a fair degree of accuracy. But we’re picky and it did break below our drop target by 11p during trading. For this reason, we can express further concerns for the future.

The immediate situation is not encouraging.

 

Apparently any bounce continuing beyond 2380 should attain 2584p. While a 2 quid rise potential is slightly useful, in no way does it return the share to the land of hope. Only if above 2584 dare we hope for a miracle rise continuing to 2899, safely above the historical uptrend.

To be blunt, this sort of thing happens only rarely and we still wonder above the circled spike below the trend on October 11th. If this indeed proves to be an early warning signal of a loss of confidence, the situation now risks travel below 2215 leading the price downhill to an initial 1854p.

Visually, common sense almost demands some sort of bounce at such a point. But should 1854p break, secondary calculates now at a bottom of 1142p.

For now, we strongly suspect 1854p shall prove the markets intent.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
11:02:00PM	BRENT	58.93
11:03:34PM	GOLD	1221.03	1211	1209	1205.75	1221	1227	1232	1239	1218	Success
11:05:13PM	FTSE	7058.2
11:07:09PM	FRANCE	5035.3
11:09:15PM	GERMANY	11387
11:12:02PM	US500	2738.67	2680	2653.5	2623	2698	2745	2751.75	2770	2711	Success
11:15:18PM	DOW	25315									Success
11:17:08PM	NASDAQ	6901.8									Success
11:19:16PM	JAPAN	22389									Success

 

28/11/2018 FTSE Closed at 7004 points. Change of -0.17%. Total value traded through LSE was: £ 6,693,191,726 a change of 0.55%

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%