Fevertree 21/01/2020

#Gold #US500 Our report on #Fevertree last September (link) did not prove terribly popular with a few readers. Of course, who likes being told “your investment looks dodgy”, when the investor has taken the time to research the company to hell and back. But, rather more often than people like, ‘the computer says’ tends be correct. (link)

Whatever the contents of their trading update on 20th January, as for as ‘the computer’ goes, the writing had been on the bottle for 4 months.

Hey, chart goes here

The share price opened the day down, just above our initial drop target of 1632p. Amazingly, following an initial drop below target, after 30 minutes of trading the price recovered and briefly revisited our drop target, almost a gentle kiss to confirm our numbers were correct. Then it dropped like a stone!

The situation now is unbelievably messy as weakness below 1411p suggests ongoing travel down to 1215 with secondary, if (or rather when) broken, calculating at 983p and hopefully a proper rebound. To be honest, we’d prefer if the price bounced before the 983 level as it should imply some residual strength. Of course, there’s an important “however”.

Should the share find sufficient reason to break 983p, it looks like our Ultimate Bottom of 159p risks coming to fruition. This, neatly, would undo all the work of the last 5 years.

To get out of trouble, the share price needs exceed Blue on the chart, presently at 2092p. We’re not optimistic.

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

10:08:26PM

BRENT

64.62

             

64.48

‘cess

10:10:28PM

GOLD

1560.89

1553.75

1552.5

1549

1561

1563.5

1569.5

1581

1553

10:12:47PM

FTSE

7655.7

             

7644

10:15:19PM

FRANCE

6081.2

             

6076

10:19:03PM

GERMANY

13579.25

             

13529

‘cess

10:23:46PM

US500

3325.37

3315

3311

3305

3326

3329

3336

3345

3315

10:25:40PM

DOW

29336.2

             

29291

10:29:53PM

NASDAQ

9164

             

9117

10:32:07PM

JAPAN

24058

             

24040

 

20/01/2020 FTSE Closed at 7651 points. Change of -0.3%. Total value traded through LSE was: £ 4,227,858,188 a change of -33.49%

17/01/2020 FTSE Closed at 7674 points. Change of 0.85%. Total value traded through LSE was: £ 6,356,734,989 a change of 21.03%

16/01/2020 FTSE Closed at 7609 points. Change of -0.43%. Total value traded through LSE was: £ 5,252,079,163 a change of -22.59%

15/01/2020 FTSE Closed at 7642 points. Change of 0.26%. Total value traded through LSE was: £ 6,784,341,362 a change of 13.94%

14/01/2020 FTSE Closed at 7622 points. Change of 0.07%. Total value traded through LSE was: £ 5,954,176,416 a change of 15.24%

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%

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