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%

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