Greggs PLC 4/12/2019

#CAC40 #SP500 Our attempt at being funny with a Xmas Calendar has ‘kinda’ fallen apart with the markets experiencing a truly grotty start to December. Even Greggs, purveyors of future waistline problems, are looking slightly dodgy, despite rumours suggesting they are doing the catering for the Nato lunch at Buck House!

Hey, chart goes here

It appears anything near term below 2004 on Greggs should find a bottom, ideally prior to 1885p. Should 1885 break for any reason, the share price “almost” must bounce at 1839p as the implications below such a level look about as unpleasant as that pie vendor beside the main entrance to Waterloo. Or to be plain, 1432 becomes the best hope for surprise recovery, though the Big Picture tells us bottom should end up at 1020p. Hopefully this scenario is unlikely. Painting a picture where a share price halves always feels like a venture into panic mongering.

More hopeful appears any rebound capable of exceeding 2150p should bring the share price up faster than an undiagnosed Coeliac (the gluten thing) looking for a loo, after eating a Greggs sandwich. Initially, we’re calculating growth to 2274p but visually, our secondary calculation of 2458 looks very realistic.

Hey, chart goes here
FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:38:17PM

BRENT

60.93

               

‘cess

9:40:50PM

GOLD

1477.85

               

Success

10:05:47PM

FTSE

7185.67

               

Success

10:18:12PM

FRANCE

5758.9

5695

5681.5

5586

5772

5772

5776

5803

5710

Success

10:20:41PM

GERMANY

13055.56

               

Shambles

10:23:42PM

US500

3092.12

3069

3059

3045

3107

3104

3109

3126

3079

Success

10:26:54PM

DOW

27495

               

Success

10:30:15PM

NASDAQ

8254.07

               

Success

10:32:29PM

JAPAN

23122

               

Success

 

3/12/2019 FTSE Closed at 7158 points. Change of -1.74%. Total value traded through LSE was: £ 7,128,755,265 a change of 21.45%

2/12/2019 FTSE Closed at 7285 points. Change of -0.83%. Total value traded through LSE was: £ 5,869,768,076 a change of 26.83%

29/11/2019 FTSE Closed at 7346 points. Change of -0.94%. Total value traded through LSE was: £ 4,628,092,745 a change of 28.25%

28/11/2019 FTSE Closed at 7416 points. Change of -0.17%. Total value traded through LSE was: £ 3,608,679,537 a change of -31.8%

27/11/2019 FTSE Closed at 7429 points. Change of 0.35%. Total value traded through LSE was: £ 5,291,535,835 a change of -43.03%

26/11/2019 FTSE Closed at 7403 points. Change of 0.09%. Total value traded through LSE was: £ 9,287,781,943 a change of 67.52%

25/11/2019 FTSE Closed at 7396 points. Change of 0.96%. Total value traded through LSE was: £ 5,544,320,565 a change of 6.78%

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