Trends and Targets for 28/01/2019

Fevertree Drinks #Brent #DAX This lots share price is all over the place. When we last reviewed it back at the end of November (link here) we’d an expectation the price intended a drop. The price managed confuse the issue, confirming the criteria for a drop, then triggering the criteria for a rise – which it met. However… we still suspect it intends reversal.

 

As the chart shows, the share price briefly regained the big picture uptrend for the best part of a day, then was trashed the next day. The situation now is slightly uncomfortable as weakness below 2590 expects a visit to 2471p. At this point, there’s a fairly major problem thanks to CLOSURE below 2471 indicating the potential of future travel down to 1923p.

Visually, there’s a major issue at the 1923p level. The price will achieve a lower low, having broken the long term uptrend. Worse, it will find itself solidly in a region where “bottom” calculates at 1142p eventually.

On the subject of visual cues, it’s pretty obvious a glass ceiling exists at the 3000p level. If the current drunken stagger through share price positions intends redeem itself, there’s a pretty solid promise the share need only better 3004p to enter a cycle to an initial 3310p. Secondary, if bettered, computes at a longer term 3711. At such a level, we will need revisit the numbers.

 

Alas, for now, we must regard it as heading to 2471 and hopefully bouncing again, next time properly and capable of closing a session above RED on the chart.

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

1:55:13PM

BRENT

61.48

60.66

60.395

59.88

61.74

61.83

62.165

62.85

60.91

1:58:47PM

GOLD

1303

Success

2:01:14PM

FTSE

6805.15

2:14:48PM

FRANCE

4910.7

‘cess

2:17:45PM

GERMANY

11270

11158

11107.5

11036

11237

11322

11346.5

11704

11158

Success

2:19:45PM

US500

2666.12

Success

2:22:13PM

DOW

24761

‘cess

2:28:23PM

NASDAQ

6787

Success

2:31:08PM

JAPAN

20828

25/01/2019 FTSE Closed at 6809 points. Change of -0.13%. Total value traded through LSE was: £ 5,495,072,443 a change of 5.1%

 

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.