Aston Martin 14/01/2020

#Gold #Nasdaq As we count down to this years Formula 1 season (61 days), remembering we haven’t updated our thoughts on Aston Martin (sponsors of Red Bull Racing), gave sufficient excuse to scare ourselves silly with the shares price potentials.

Since the launch in 2018, Aston Martin’ share price has performed pretty dismally, sliding downhill from highs of 19 quid to lows below 4 quid. Unfortunately, it doesn’t look like the gloom has ended. Presently trading around the 460p mark, weakness now below 382p threatens further reversal to an initial 290p. If broken, secondary is a bottom at 170p and we cannot calculate below such a point.

Strange to report, for an age we’d been thinking this would bottom at the 4 pound level, eventually embracing our gullible nature with a mistaken belief it would probably hit 5 pounds. However, the share price opted to perform in accordance with the downward pressure since the launch, breaking 4 pounds on several occasions. We tend lack confidence when big picture targets are placed under pressure repeatedly, making us fear 170p risks taking its place on the podium.

However, there has been a pretty well defined downtrend and the share price now need exceed 570p to give a solid impression the rot has stopped. Above this level creates a scenario where miracle recovery to an initial 719 makes sense. If exceeded, our longer term secondary is at 860p.

For now, similar to Ferrari in F1, with AML’s share price we expect the worst. And hope for the best anyway!

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

9:43:25PM

BRENT

63.88

               

‘cess

9:50:18PM

GOLD

1548.31

1546

1539

1526

1556

1556

1558

1562

1546

9:55:11PM

FTSE

7624.71

               

10:25:26PM

FRANCE

6037.7

               

10:27:13PM

GERMANY

13476

               

‘cess

10:28:56PM

US500

3287.92

               

10:32:03PM

DOW

28897

               

10:34:54PM

NASDAQ

9074.12

8968

8936

8888

9011

9080

9101.5

9123

8986

‘cess

10:36:49PM

JAPAN

23945

               

‘cess

 

13/01/2020 FTSE Closed at 7617 points. Change of 0.4%. Total value traded through LSE was: £ 5,166,914,509 a change of -0.84%

10/01/2020 FTSE Closed at 7587 points. Change of -0.14%. Total value traded through LSE was: £ 5,210,689,793 a change of -8.73%

9/01/2020 FTSE Closed at 7598 points. Change of 0.32%. Total value traded through LSE was: £ 5,708,798,775 a change of 5.62%

8/01/2020 FTSE Closed at 7574 points. Change of 0.01%. Total value traded through LSE was: £ 5,404,992,564 a change of 14%

7/01/2020 FTSE Closed at 7573 points. Change of -0.03%. Total value traded through LSE was: £ 4,741,303,337 a change of 0.44%

6/01/2020 FTSE Closed at 7575 points. Change of -100%. Total value traded through LSE was: £ 4,720,635,792 a change of 0%

3/01/2020 FTSE Closed at 7622 points. Change of 0%. Total value traded through LSE was: £ 3,912,167,844 a change of 0%

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