Trends and Targets for 26/02/2019

Laura Ashley #Gold #SP500 It’s funny how a dislike for a share can be formed. In the case of Laura Ashley, it was the case of owning a cottage built in 1702, combined with the lethal mix of a girlfriend and a fairly local Laura Ashley store. Neither the house nor the girlfriend remain in my life, only a lifelong distain for anything from “Laura Ashley”.

However, the share price appears to be making an attempt to extract itself from an area where a bottom of 0.57 was essentially “best guess” for the future. As the chart highlights, some miracle has taken the price through the very obvious downtrend since 2015. Now, it resides in a zone where above 4.01p suggests continued recovery to 4.35 can be hoped for. Better still, our secondary if such a point exceeded, now calculates at 5.35p, a level where the visuals indicate it risks some hesitation.

 

To bring some sanity to the conversation, absolutely nothing is suggesting a return to prior highs is possible. However, it is certainly puzzling to see the share extract itself from the controlling downtrend with such flamboyance, especially as the offer is being reported at just 2.748 per share.

 

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:54:07PM

BRENT

64.86

Success

9:55:55PM

GOLD

1327.65

1325

1322.5

1319

1332

1332.5

1334

1337

1326

9:59:55PM

FTSE

7161.26

10:01:07PM

FRANCE

5214.3

10:03:54PM

GERMANY

11472

Success

10:05:29PM

US500

2795.27

2794.25

2785.5

2776

2805

2814

2820.75

2829

2781

Success

10:16:21PM

DOW

26092.3

Success

10:19:53PM

NASDAQ

7115.37

Success

10:21:45PM

JAPAN

21576

‘cess

25/02/2019 FTSE Closed at 7183 points. Change of 0.07%. Total value traded through LSE was: £ 6,376,447,595 a change of 17.49%
22/02/2019 FTSE Closed at 7178 points. Change of 0.15%. Total value traded through LSE was: £ 5,427,400,093 a change of -3.41%

 

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