Plus500 Ltd for 5/02/2020

#FTSE #DOW For a while, it was impossible to visit a ‘Financial’ page without being bombarded with adverts for #Plus500, promoting themselves as the UK’s leading CFD Broker. Thankfully, they also mention 76% of retail investors lose money, when trading with them. This piece of legality sometimes shocks us, when we read how high the percentage can get against some of the market place names.

The important thing about their share price is the fascinating downtrend since 2018. In mid January of this year, the share exceeded this trend, slavishly pole dancing down the line as if waiting for an excuse to break free. Perhaps the share price is awaiting company news, perhaps simply the right market conditions but invariably, when we see this sort of thing, any movement (unfortunately both UP or DOWN) tends be fast and sharp.

Presently trading around 910p, the price needs exceed 939p to trigger movement to 999p apparently. If exceeded, secondary calculates at 1150p. For the longer term, closure above 1150p is liable to prove extremely significant, taking the price into a region where 1518p and beyond become available, covering the naughty-step gap inflicted a year ago for whatever reason.

Of course, we always prefer inflict a little misery (or a reality check) and Plus 500 have an absolute cracker. The share price needs reverse below 770p to enter a region where reversal to 361p becomes possible. If broken, bottom calculates at 7.4p!

For now, we’re pretending optimism, thanks to recent price movements.

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

10:44:28PM

BRENT

53.81

               

10:48:21PM

GOLD

1553.63

               

Success

10:50:44PM

FTSE

7431.84

7345

7323

7284

7373

7441

7464.75

7498

7370

Success

10:52:45PM

FRANCE

5920

               

Success

10:55:43PM

GERMANY

13306.67

               

Shambles

10:57:36PM

US500

3302.52

               

Success

11:00:39PM

DOW

28833

28577

28562

28448

28733

28903

29106

29324

28750

Success

11:04:05PM

NASDAQ

9346

               

Success

11:06:41PM

JAPAN

23371

               

Success

4/02/2020 FTSE Closed at 7439 points. Change of 1.54%. Total value traded through LSE was: £ 6,690,102,462 a change of 18.21%

3/02/2020 FTSE Closed at 7326 points. Change of 0.55%. Total value traded through LSE was: £ 5,659,461,897 a change of -7.45%

31/01/2020 FTSE Closed at 7286 points. Change of -1.29%. Total value traded through LSE was: £ 6,115,076,170 a change of 9.99%

30/01/2020 FTSE Closed at 7381 points. Change of -1.36%. Total value traded through LSE was: £ 5,559,853,454 a change of 15.61%

29/01/2020 FTSE Closed at 7483 points. Change of 0.04%. Total value traded through LSE was: £ 4,809,159,339 a change of -5.83%

28/01/2020 FTSE Closed at 7480 points. Change of 0.92%. Total value traded through LSE was: £ 5,106,872,635 a change of -10.29%

27/01/2020 FTSE Closed at 7412 points. Change of -2.28%. Total value traded through LSE was: £ 5,692,912,952 a change of 6.13%

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