Just Eat for 23/10/2019

#FTSE #DOW One of the advantages of living in the sticks is a complete lack of exposure to this sort of company. Here in Argyll, fast food involves a phone call, a trip & stop at a cash machine, a natter with customers & staff at the takeaway. And of course, stopping for chocolate on the way home as a 1 hour journey completes. It’s what we call a social life, resulting in a situation with no clear understanding of the raison d’être for such a company.

Aside, of course, their habit of sponsoring TV shows, thankfully giving families throughout the UK the point at which to fast forward through adverts then press play to return to the show. While perhaps not the desired outcome of such exposure, Just Eat now can make suffering an hour of the X Factor slim down to a less strenuous 35 minutes.

Their share price has surged fairly impressively and now resides in a situation where movement continuing above 747 should prove capable of a lift to 777p next. Visually, there appears ample reason for some hesitation at such a level. In the event the share finds an excuse to close above 777, we’re able to calculate secondary at 865p. Importantly, if positive news is involved, it could easily fast forward up to 991p very quickly.

To convince us it’s all going wrong, the price would require break below RED, presently at 570p, to enter a rewind back to 464p initially. If broken, secondary is at 341p and hopefully a bottom.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:48:51PM	BRENT	59.43									Success
9:51:00PM	GOLD	1488.21
9:53:01PM	FTSE	7192.16	7140	7101	7058	7210	7222	7233.5	7268	7180	‘cess
9:55:20PM	FRANCE	5627.2									‘cess
9:57:19PM	GERMANY	12685.55									Shambles
10:00:15PM	US500	2990.82									Success
10:01:49PM	DOW	26779									‘cess
10:03:54PM	NASDAQ	7834.62	7827	7804	7745	7904	7935	7958	7977	7874	‘cess
10:05:29PM	JAPAN	22659									‘cess

 

22/10/2019 FTSE Closed at 7212 points. Change of 0.68%. Total value traded through LSE was: £ 5,610,839,707 a change of -3.73%

21/10/2019 FTSE Closed at 7163 points. Change of 0.18%. Total value traded through LSE was: £ 5,828,185,910 a change of -4.14%

18/10/2019 FTSE Closed at 7150 points. Change of -0.45%. Total value traded through LSE was: £ 6,079,930,950 a change of -11.12%

17/10/2019 FTSE Closed at 7182 points. Change of 0.21%. Total value traded through LSE was: £ 6,840,362,941 a change of -0.43%

16/10/2019 FTSE Closed at 7167 points. Change of -0.61%. Total value traded through LSE was: £ 6,869,588,006 a change of -8.47%

15/10/2019 FTSE Closed at 7211 points. Change of -0.03%. Total value traded through LSE was: £ 7,505,649,682 a change of 32.93%

14/10/2019 FTSE Closed at 7213 points. Change of -0.47%. Total value traded through LSE was: £ 5,646,210,010 a change of -31.78%