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.

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%