A G Barr for 19/06/2019

#Nasdaq #CAC40 Our report last Sept on the Scottish soft drink manufacturer (link here), proved rather successful, despite them gaining notoriety due to reduced sugar content of their staple product. In fact, the share price has proved capable of ridiculing the doomsayers. Even today, the tweet below appeared from some amiable fanatic who’d stockpiled a supply!

When we last reviewed A G Barr, we’d postulated 867p as a viable long term target and this ambition was achieved – and significantly bettered – during last month. The situation now is mildly interesting with movement now above 980 suggesting some continued growth toward 1027p next. If bettered, secondary is a longer term 1092p. Of course, we’ve got a “however”.

Our prior prediction of 867p has been exceeded but from a Big Picture viewpoint, it was a pretty major target level and one we’d expect some volatility around. Rather curiously, only now does it appear some collywobbles are appearing as below 906p is expected to enter slight reversal down to 860p next. We would expect a rebound at 860p, if only due to the market viewing the share price as “back-testing” (a nonsense term) the prior target level. Should 860p break, then we can calculate our secondary at 810p and visually, this is a point where it really must fizz a bit.

For now, we suspect some reversals are coming today the 860p, prior to another stab upward. Quite oddly, this is still showing a longer term aspiration up at 1377, an ambition which has remained valid since the price was in the 5 pound range!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:34:39PM	BRENT	61.74									‘cess
10:36:57PM	GOLD	1347.25									Success
10:39:27PM	FTSE	7449.98									Success
10:42:59PM	FRANCE	5507.2	5437	5407	5363	5493	5510	5525.5	5579	5438	Success
10:44:14PM	GERMANY	12344.24									Success
10:46:27PM	US500	2921.07									Success
10:49:25PM	DOW	26493.7									Success
10:51:34PM	NASDAQ	7643.37	7508	7499.5	7436	7617	7691	7736	7782	7563	Success
10:54:57PM	JAPAN	21244									Success

18/06/2019 FTSE Closed at 7443 points. Change of 1.17%. Total value traded through LSE was: £ 6,830,875,186 a change of 34.03%