YouGov for 5/09/2019

#CAC40 #Nasdaq As our ‘great nation’ crawls pitifully toward elections or referendum, it’s easy to remember we used to elect people who did stuff. A clear winner from the UK’s political incompetence has been polling companies, so we’re reviewing YouGov as their share price is reaching new highs.

At present, YouGov is showing itself as a little problematical!

The Big Picture had given a “maximum” target level of 622p and the share price has come within such an ambition level, certainly in the range of a “margin for error” so beloved by their statistical people. Near term, there’s little doubt continued traffic above 611p should attain the 622p level anyway but our puzzlement is due to a certain lack of market intervention at present. Essentially, if the market wished YouGov to exceed 622p we would expect the share price to be manipulated upward at the open.

Instead, the best witnessed during August were a couple of little nods upward, one by 3p and another by 4p. Neither movement is particularly substantial and makes us suspect, if 622p makes an appearance, we should expect some volatility around such a level, if only to generate future impetus for another rise. Above 622p and we can calculate a secondary, a very suspect 640p. With the best will in the world, we cannot calculate higher.

Of course, just because we run out of numbers does not mean a price cannot go higher. Our arrogance has its limits but generally, the market would already be stretching a price’ potentials by gapping it up at the open.

To indicate trouble ahead, YouGov needs trade below 539p, this risking reversal to an initial 506p. If broken, secondary is at 471p. For now, we suspect it shall prove to be a short opportunity for a while, if 622p appears. Visually, it will make sense if the price bounces between 545 and just above 600 for a while, at least until our wonderful leadership decide how firmly they wish to delay making another decision.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:49:29PM

BRENT

60.35

               

Success

9:51:09PM

GOLD

1552.99

               

‘cess

9:53:17PM

FTSE

7308.77

               

9:55:03PM

FRANCE

5537.2

5496

5489

5473

5526

5538

5548.5

5564

5505

Success

9:57:05PM

GERMANY

12043.49

               

Success

9:58:31PM

US500

2938.67

               

Success

10:01:49PM

DOW

26368

               

10:03:14PM

NASDAQ

7719.67

7641

7626.5

7593

7692

7727

7750.5

7808

7660

‘cess

10:05:14PM

JAPAN

20816

               

‘cess

 

4/09/2019 FTSE Closed at 7311 points. Change of 0.59%. Total value traded through LSE was: £ 6,065,530,501 a change of 23.23%

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