#Germany #SP500 First they stole the sky, then they stole society! Those who remember the eerie pause in air travel, following 911, will recall how spooky it was. Skies rarely absent an aircraft, were now devoid of traffic. Now, so are the roads and the sky. Our ‘bit’ in Argyll, Scotland, looks across a 3-mile wide sea loch to a main road, darkness usually punctuated by fast-moving motorcycles, trucks with rows of amber lights, thumping Harley’s and their mid-life crisis riders, the odd supercar whine, occasional police cars trying to calm things down. And of course, the blue lights of an ambulance attending a mess somewhere.
This evening, neither the distant road nor the sky above has anything moving. The new silence asked the question, where have all the people gone?
It’s unlikely G4S have locked them up, if we judge by the share price…
The recent plunge to 70p was distinctly worrying, this taking the price below a very critical level for the longer term. Normally we would have hoped 96p would provide a floor level but this theoretical trigger level was broken on the initial plunge. Therefore, despite a bit of a bounce, we’re concerned for the future and can present some “what if it all goes wrong” numbers.
Now below 70p suggests the potential of further travel down to 43p next, a point where a real bounce can be hoped for. But should 43p break, ultimate bottom works out at 6p.
If a turnaround in the share price is hoped for, we initially need to see it trade above 102p. Such an event allows a trigger to an initial 125p. If exceeded, our secondary calculation works out at 150p.
Who knows, perhaps the reports of police issuing “on the spot” fines to people caught with a bottle of wine among their grocery shopping, the crime apparently being of non-essential shopping. To be honest, we suspect this story comes from the Facebook School of news. Can you imagine politicians being told not to drink?
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
9:56:11PM |
BRENT |
34.21 |
|||||||||
10:00:37PM |
GOLD |
1646.04 |
|||||||||
10:02:42PM |
FTSE |
5710.8 |
|||||||||
10:04:36PM |
FRANCE |
4449 |
|||||||||
10:06:41PM |
GERMANY |
10405.38 |
10140 |
10038.5 |
9850 |
10340 |
10420 |
10481.5 |
10868 |
10207 |
|
10:08:49PM |
US500 |
2748.42 |
2635 |
2611.5 |
2562 |
2688 |
2751 |
2761 |
2779 |
2661 |
|
10:10:52PM |
DOW |
23423 |
|||||||||
10:12:50PM |
NASDAQ |
8212.15 |
|||||||||
10:15:49PM |
JAPAN |
19145 |
8/04/2020 FTSE Closed at 5677 points. Change of -0.47%. Total value traded through LSE was: £ 6,036,851,647 a change of -23.98%
7/04/2020 FTSE Closed at 5704 points. Change of 2.19%. Total value traded through LSE was: £ 7,941,411,250 a change of 28.33%
6/04/2020 FTSE Closed at 5582 points. Change of 3.08%. Total value traded through LSE was: £ 6,188,185,847 a change of 7.79%
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%
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