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%