Sports Direct for 24/09/2019

#Gold #SP500 In the current market place, there are few shares presenting any real picture of optimism but for some reason, despite the word “sports” in the name, Sports Direct appear on the edge of becoming useful. The trigger level isn’t even that far away!

Above 285p exceeds the very obvious Blue downtrend since 2015 and appears very capable of launching the share in the direction of 307p next. Visually there’s plenty of reason to anticipate some sort of hesitation at the 307p, if only due to the share prices historic behaviour around this level. But in the event it actually closes a session above 307p, we’re able to calculate the potential of 342p making a future appearance. In fact, if driven by positive news flow, it could quickly surge to 423p in the future.

All it needs do is start going up!

For any indication it’s all starting to go wrong, the share price presently requires slip below 265p as reversal to an initial 240p seems possible. If broken, secondary calculates down at 203p and hopefully a bottom is feels capable of rebounding from. Given the companies immediate efforts to purchase “Goals Soccer” outright very soon, it will be interesting how the market reacts to any acquisition.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:11:06PM

BRENT

63.7

               

10:12:47PM

GOLD

1522.92

1516

1511.5

1506

1525

1527

1532

1540

1516

‘cess

10:15:33PM

FTSE

7354

               

Shambles

10:22:43PM

FRANCE

5639

               

‘cess

10:29:50PM

GERMANY

12387

               

Success

10:31:33PM

US500

3000.07

2980

2970

2953

2998

3004

3007

3016

2990

10:34:45PM

DOW

27022.7

               

Shambles

10:36:37PM

NASDAQ

7852.37

               

10:39:12PM

JAPAN

21949

               

‘cess

 

23/09/2019 FTSE Closed at 7326 points. Change of -0.25%. Total value traded through LSE was: £ 8,986,324,808 a change of -29.08%

20/09/2019 FTSE Closed at 7344 points. Change of -0.16%. Total value traded through LSE was: £ 12,670,572,411 a change of 125.4%

19/09/2019 FTSE Closed at 7356 points. Change of 0.57%. Total value traded through LSE was: £ 5,621,323,285 a change of 3.9%

18/09/2019 FTSE Closed at 7314 points. Change of -0.08%. Total value traded through LSE was: £ 5,410,113,434 a change of -11.15%

17/09/2019 FTSE Closed at 7320 points. Change of -0.01%. Total value traded through LSE was: £ 6,089,337,683 a change of 3.99%

16/09/2019 FTSE Closed at 7321 points. Change of -0.62%. Total value traded through LSE was: £ 5,855,486,633 a change of 3.71%

13/09/2019 FTSE Closed at 7367 points. Change of 0.31%. Total value traded through LSE was: £ 5,645,792,852 a change of -3.82%

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