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!

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%