Stagecoach for 16/05/2019

Stagecoach #Brent #Nasdaq An unpleasant incident forced consideration of buses. Living in the sticks in Scotland, personal transport is a must as public transport tends be sporadic. In fact, until today, I literally had never been on a bus. This state of affairs changed, following chiropody of all things!

It all started with two toenails which, for years, required treatment due to their habit of ingrowing. A doctors throwaway comment, “why not get them removed, I’ll make an appointment” was the catalyst, the deed carried out today. A completely painless operation. And something not recommended! Before the operation, the two injections on each toe proved the most painful ever experienced. And yes, this does include a lumbar puncture! But the bigger issue was one of stupidity.

“It will be 24 hours before you can legally drive again…” she said. After explaining I had driven and had no-one available to drive me home, she suggested I get a bus. While in the car park, considering ignoring the legalities of driving, I could see a distant bus threading along the main road, immediately deciding to catch it. Due to the road network, if the vehicle was heading North, it would pass my house.

Once the shock of the ticket cost passed (I’d foolishly assumed a bus was something which would never cost more than a quid for a journey) I resolved to review bus company shares as surely this level of theft must be reflected in their share prices!

Stagecoach are actually looking fairly interesting.

The most important facet of their price is at 94p. There are quite a few arguments which anticipated the price hitting such a level but instead, we suspect it is bouncing from a low of 113p. Perhaps the implication is of some real strength.

This situation now is fairly useful as movement above 141p looks capable of an initial 156p. Our secondary, if such a point is bettered, calculates at a trend testing 164p. When we view recent recovery to move the share price above the long term RED uptrend, there is a hint the market wants it up.

The alternate situation is of weakness below 113p. This allows for reversal to 94p with secondary, if broken, at a ridiculous looking 20p. Only with price closure above BLUE (166p presently) does this threat recede.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:58:16PM

BRENT

71.83

70

69.405

68.59

71.2

71.85

72.14

73.09

69.97

10:00:12PM

GOLD

1296.65

 

 

 

 

 

 

 

 

10:18:47PM

FTSE

7284.95

 

 

 

 

 

 

 

 

Success

10:21:18PM

FRANCE

5372.7

 

 

 

 

 

 

 

 

‘cess

10:23:37PM

GERMANY

12101.94

 

 

 

 

 

 

 

 

‘cess

10:26:32PM

US500

2853.22

 

 

 

 

 

 

 

 

Shambles

10:29:23PM

DOW

25667.7

 

 

 

 

 

 

 

 

10:31:47PM

NASDAQ

7515.52

7463

7448

7422

7501

7526

7534

7618

7450

Success

10:33:54PM

JAPAN

21182

 

 

 

 

 

 

 

 

 

 

15/05/2019 FTSE Closed at 7296 points. Change of 0.76%. Total value traded through LSE was: £ 6,267,316,415 a change of 5.63%

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