Reach PLC for 6/04/2020

#Brent #DAX This week, we’re going to focus on a few “what if it all goes wrong” shares. A plea, tweeted by a BBC guy, begged people to purchase a newspaper, due to their sales and advertising revenue crashing. Certainly, a feeling of guilt pervaded when judging going out to buy our weekly local newspaper did not constitute an essential journey. But as for buying national newspapers, that habit died years ago.

Reach PLC own rather a few local newspapers, along with a few national titles which, personally, had never been on a shopping list – aside as possible replacements should any toilet paper shortage continue! And worse, their share price is on the edge of some quite troubling movement.

 

Near term, weakness below 90p looks very capable of a journey down to an initial 84p. Despite there being slight hope for a rebound should such a level appear, some caution is warranted should 84p break. Such a scenario gives a secondary calculation down at 49p.

The 49p level almost has to create an excuse for a proper bounce except for an important detail.

An ambition such as this takes the share price below the low of 2019 and theoretically is the lowest we should calculate. Most of our sums give any ultimate bottom below 49p prefaced with impossible minus signs. Just one calculation fails to agree and it presents an “ultimate bottom” of 19p, neatly matching the share price lows of 2009 and 2012.

 

Certainly, if 19p were ever to appear, it presents a very strong “fingers crossed” entry point.

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
2:57:13PM BRENT 35.07 32.23 31.405 30.15 34.45 35.17 36.05 36.28 32.64 ‘cess
2:59:26PM GOLD 1621.14
4:29:18PM FTSE 5389.11
4:31:00PM FRANCE 4139.2 ‘cess
4:33:01PM GERMANY 9540.54 9438 9398.5 9323 9563 9625 9674 9754 9465
4:35:42PM US500 2491.27
7:13:36PM DOW 21074
7:15:56PM NASDAQ 7541
7:19:03PM JAPAN 17680 Success

 

3/04/2020 FTSE Closed at 5415 points. Change of -1.19%. Total value traded through LSE was: £ 5,740,716,351 a change of -13.64%
2/04/2020 FTSE Closed at 5480 points. Change of 0.48%. Total value traded through LSE was: £ 6,647,447,638 a change of -4.67%
1/04/2020 FTSE Closed at 5454 points. Change of -3.83%. Total value traded through LSE was: £ 6,973,403,008 a change of -12.8%
31/03/2020 FTSE Closed at 5671 points. Change of -1.6%. Total value traded through LSE was: £ 7,996,950,957 a change of 37.36%
30/03/2020 FTSE Closed at 5763 points. Change of 4.59%. Total value traded through LSE was: £ 5,821,744,739 a change of -29.22%
27/03/2020 FTSE Closed at 5510 points. Change of -5.25%. Total value traded through LSE was: £ 8,225,273,197 a change of 4.62%
26/03/2020 FTSE Closed at 5815 points. Change of 2.23%. Total value traded through LSE was: £ 7,862,267,552 a change of -16.24%

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