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%