TESCO #Gold #CAC40 Of the listed UK supermarkets, the one we dislike visiting is also the one with – from our perspective – the dodgiest share price position. Basically put, it’s at risk of losing a further 1/3rd of its value unless Santa has a surprise miracle in store. In honesty though, there is not a single supermarket which produces an enjoyable visit!
When we review price performance since the Brexit vote, the share has broken trend and currently languishes in a zone where a visit to 166p next makes some sense. If broken, it should bottom around the 130p mark eventually which is rather distressingly below the level when the current ruling trend started. (Red on the chart)
It needs a miracle which permits the share price to CLOSE above RED (200p at present) before we dare suspect a visit down to the 130’s is off the table. Perhaps worse, as we mentioned a month ago in our last glance at this unfolding disaster, the price has experienced a GapUp/Down (circled on the chart) with this particular set of manipulation often proving the precursor of some real damage to a shares price.
There is one final item. Essentially, if we draw a trend since 1988 to present, then mark the 130p bottom target on it, this long term uptrend matches the 130p level around April of 2019. This is literally days following the actual Brexit event, if such actually takes place.
We live in interesting times.
|
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
8:03:25PM |
BRENT |
53.06 |
|||||||||
|
8:14:51PM |
GOLD |
1281.18 |
1275 |
1273 |
1270 |
1281 |
1282 |
1283.3 |
1285.76 |
1275 |
|
|
8:26:22PM |
FTSE |
6724.4 |
Success |
||||||||
|
8:28:43PM |
FRANCE |
4675.5 |
4657 |
4643.5 |
4623 |
4692 |
4692 |
4707.5 |
4759 |
4658 |
‘ccess |
|
8:40:50PM |
GERMANY |
10583 |
‘cess |
||||||||
|
8:51:09PM |
US500 |
2486 |
‘cess |
||||||||
|
8:54:20PM |
DOW |
23060.5 |
|||||||||
|
8:56:41PM |
NASDAQ |
6282 |
‘cess |
||||||||
|
8:58:41PM |
JAPAN |
19915 |
28/12/2018 FTSE Closed at 6733 points. Change of 2.26%. Total value traded through LSE was: £ 5,062,461,557 a change of 7.77%
27/12/2018 FTSE Closed at 6584 points. Change of -2.04%. Total value traded through LSE was: £ 4,697,408,067 a change of -59.35%
21/12/2018 FTSE Closed at 6721 points. Change of 0.15%. Total value traded through LSE was: £ 11,554,478,056 a change of 53.03%
20/12/2018 FTSE Closed at 6711 points. Change of -0.8%. Total value traded through LSE was: £ 7,550,652,276 a change of -2.81%
19/12/2018 FTSE Closed at 6765 points. Change of 0.96%. Total value traded through LSE was: £ 7,769,260,633 a change of 9.94%