Wetherspoon for 12/11/2019

#Gold #DOW Sometimes, we feel guilty moaning about Politics & Brexit when supposed to be writing about shares. But Wetherspoon managed to take things to a new level, the company warned by shareholders to stop talking about Brexit. Our colours are firmly nailed to the mast, due to three characters from Wizard of Oz apparently competing for our votes.

Presently trading around the 15 quid mark, Wetherspoon share price need only close a session above 1615p and we suspect it shall enter a brave new world with interesting potentials. We can calculate a path commencing to 1804p but, to be completely fair, the share price shall find itself in a region where “top” cannot be calculated. As it’s one of the few organisations thriving, going against the trend in a market sector which is pretty foul presently, price movements will be fascinating to watch IF the trigger criteria is achieved.

For now, we’re not terribly confident as the share has broken through this years uptrend. Despite recent gains, we’d be worried should it break below 1445p as reversal down to an initial 1293p makes sense. If broken, secondary calculates at 1178p, essentially meeting the uptrend since 2016 and the Brexit vote. Rather fitting, given JDW’s Beermats & Brexit drama.

There’s a fairly serious issue, should 1178p break as “bottom” becomes 935p!

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:51:21PM	BRENT	61.93									Shambles
9:53:30PM	GOLD	1456	1447	1442	1428	1468	1468	1475.5	1485	1448	‘cess
9:58:02PM	FTSE	7345									Success
9:59:40PM	FRANCE	5901.9
10:01:46PM	GERMANY	13230.59									‘cess
10:03:17PM	US500	3089.52
10:06:47PM	DOW	27705	27504	27450.5	27363	27610	27713	27773.5	27838	27570	‘cess
10:12:30PM	NASDAQ	8248.12
10:14:06PM	JAPAN	23362

 

 

11/11/2019 FTSE Closed at 7328 points. Change of -0.42%. Total value traded through LSE was: £ 5,864,681,253 a change of 22.23%

8/11/2019 FTSE Closed at 7359 points. Change of -0.63%. Total value traded through LSE was: £ 4,798,106,379 a change of -22.57%

7/11/2019 FTSE Closed at 7406 points. Change of 0.14%. Total value traded through LSE was: £ 6,196,615,818 a change of 30.74%

6/11/2019 FTSE Closed at 7396 points. Change of 0.11%. Total value traded through LSE was: £ 4,739,678,595 a change of -23.11%

5/11/2019 FTSE Closed at 7388 points. Change of 0.26%. Total value traded through LSE was: £ 6,164,114,046 a change of 25.79%

4/11/2019 FTSE Closed at 7369 points. Change of 0.92%. Total value traded through LSE was: £ 4,900,286,853 a change of -8.27%

1/11/2019 FTSE Closed at 7302 points. Change of 0.75%. Total value traded through LSE was: £ 5,342,127,869 a change of -12.99%