British Airways IAG for 9/09/2019

#Dax #Brent With thousands of BA pilots getting bolshy over salaries, one can only speculate how many will manage find themselves “stranded” in exotic destinations as they suffer a couple of days aggressive strike action. At least we shall no longer be bothered by impoverished pilots, passing their cap down the cabin of short haul jets in the hope of getting a tip…

Or was that Burundi Airways?

The big question is, shall the company share price suffer?

We’re not entirely sure. For some time, the share has calculated with 390 as a drop target but the lowest achieved has been 410p, making us wonder if some real strength is evident. After all, if a drop fails make computed target, the implication is of something other than weakness. Near term, the share price need only exceed 441p as this apparently should provoke some price recovery to an initial (useless) 454p.  Importantly, should 454p be exceeded, the first box to suggest “bottom” get ticked, allowing some firmer climbs to 486p. Unusually, above 486p already permits us to calculate a third level target of 516p, along with the visual suggestion the price has regained the uptrend since 2012.

We’re not entirely convinced.

It feels more likely we should expect weakness below 410p to provoke a bounce from 390p. There is a great danger, if such a level breaks, as secondary calculates down at 317p and a point where it almost “must” rebound. Only with closure below 317p will this share become an extremely dangerous idea, thanks to “ultimate” bottom, the point we cannot fathom below, being at 99p.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
3:18:59AM	BRENT	61.47	59.14	58.305	57.18	60.9	61.68	61.825	62.72	60	‘cess
3:20:53AM	GOLD	1507.2									Shambles
3:22:21AM	FTSE	7302
3:24:35AM	FRANCE	5592.2
3:28:07AM	GERMANY	12194	12109	12065	12018	12162	12206	12250	12284	12128	‘cess
2:52:46PM	US500	2982.67									‘cess
2:57:20PM	DOW	26833
3:00:46PM	NASDAQ	7860.87
3:04:42PM	JAPAN	21223

 

 

6/09/2019 FTSE Closed at 7282 points. Change of 0.15%. Total value traded through LSE was: £ 5,109,856,493 a change of -8.78%