Barclays #Gold #Nasdaq News an incompetent UK Govt has (again) delayed the end of the world was quite a relief. Few things are more irritating than the world ending just before Xmas! Equally, for #Barclays, their share price has not yet encroached on the danger zone and just moved inexorably closer.
All three retail banks have RED uptrend lines which stretch back to their lowest price. Only Lloyds commenced trading below RED, something which accounts for the banks tendency to produce overdramatic movements. RBS, quite amazingly, are a country mile away from their RED line of doom and Barclays share price requires to close a session below 145.383p (at time of writing) to confirm a drop into the abyss. On Monday, the share closed the session at 153.36p.
We’ve ample reason to be nervous about Barclays. At present, “normal” rules suggest it’s heading toward 137p, a point where some sort of short lived bounce is possible. If broken, our secondary calculation remains at 112p. Despite daring apply the word “normal” against a Retail Bank, it’s going to need some sort of miracle for Barclays to avoid 137p and a break of the uptrend since 2009. This would rate pretty high on the “Bad Things Scale”, given below Red on the chart remains with 78 exerting magnetic long term attractions. Barclays needs above 183p to get out of trouble.
There’s a feeling of pretence about many price and index moves, everything feeling on the edge of doom. The funny thing, market movements no longer give a clue as to which Brexit recipe is preferred. Regardless the politician, anything major about Brexit just appears give things a little nudge up AND down.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
10:02:16PM |
BRENT |
60.01 |
|||||||||
|
10:03:44PM |
GOLD |
1245.09 |
1241.5 |
1240.625 |
1237.5 |
1247 |
1250 |
1252.435 |
1256.08 |
1243 |
|
|
10:05:43PM |
FTSE |
6775.76 |
Shambles |
||||||||
|
10:07:26PM |
FRANCE |
4783.7 |
|||||||||
|
10:15:57PM |
GERMANY |
10729.31 |
|||||||||
|
10:17:45PM |
US500 |
2641.32 |
|||||||||
|
10:20:24PM |
DOW |
24468 |
|||||||||
|
10:22:17PM |
NASDAQ |
6692.99 |
6530 |
6507 |
6393 |
6653 |
6712 |
6739 |
6808 |
6612 |
‘cess |
|
10:24:22PM |
JAPAN |
21338 |
Success |
10/12/2018 FTSE Closed at 6721 points. Change of -0.84%. Total value traded through LSE was: £ 7,398,221,418 a change of 1.03%
7/12/2018 FTSE Closed at 6778 points. Change of -2.07%. Total value traded through LSE was: £ 7,323,127,201 a change of 5.12%
5/12/2018 FTSE Closed at 6921 points. Change of -1.44%. Total value traded through LSE was: £ 6,966,600,933 a change of -11.83%
4/12/2018 FTSE Closed at 7022 points. Change of -0.57%. Total value traded through LSE was: £ 7,901,119,671 a change of 9.83%
3/12/2018 FTSE Closed at 7062 points. Change of 1.17%. Total value traded through LSE was: £ 7,194,186,755 a change of -22.49%
30/11/2018 FTSE Closed at 6980 points. Change of -0.82%. Total value traded through LSE was: £ 9,281,193,872 a change of 48.56%
29/11/2018 FTSE Closed at 7038 points. Change of -100%. Total value traded through LSE was: £ 6,247,553,227 a change of 0%