Halfords for 12/05/2020

#Gold #DOW Last year #Halfords share was at 241p when we gave rational (link) which pointed at a bottom of 31p. It hit 49p and bounced, thankfully. We’ve always liked this share as it’s one generally worth a pre-summer glance. This year, we’re not being quite as gloomy as last, quite the opposite in fact. There’s a reasonable chance Halfords share price faces some upward exertion fairly soon.

Of course, part of the reason for this stems from our last report and the comment about “post-apocalyptic worlds”. In reality, we are talking about post-pandemic waistlines with lockdown doubtless producing an ever-growing number of households finding out their clothes no longer fit properly. The somewhat confused “back to work” announcement by the UK PM should really have given folk a few days in which to purchase new workwear as the nation hits a period akin to children returning to school following the summer break.

Perhaps Asda has missed a trick here and should produce a parody of their “Back to School” adverts, one which boasts the benefit of their stretchy 36-inch waistline ranges…


Wardrobe malfunctions aside, how’re things looking for Halfords?


We’re fairly optimistic about their future as the price has now closed above the Glass Ceiling which formed at 187p. In a normal world, we’d regard this as a reliable trigger level, one which should prove capable of movements now above 189p starts an uphill cycle to an initial 225p. If such a lofty ambition is exceeded, our longer term secondary calculates at a higher 283p. To be fair, we’re not quite as comfortable with the secondary 283p ambition, thanks to yet another Glass Ceiling, one lying in wait around the 265p level.

The share price requires to break Red, presently at 100p, to justify panic as an attempt at our 31p “ultimate bottom” shall look certain. For now, we’re impressed with the price, just not impressed with several pairs of jeans!

Hey, chart goes here




Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:08:17PM BRENT 30.41                 ‘cess
10:10:29PM GOLD 1698.22 1691 1688.5 1677 1700 1700 1702 1706 1696 ‘cess
10:13:03PM FTSE 5957.88                 ‘cess
10:15:19PM FRANCE 4509.2                 Success
10:17:53PM GERMANY 10868                 Shambles
10:20:32PM US500 2926.07                  
10:22:24PM DOW 24202.4 24061 23963.5 23768 24297 24364 24449.5 24579 24239 Success
10:24:48PM NASDAQ 9290.24                 Success
10:26:33PM JAPAN 20482                 Success

11/05/2020 FTSE Closed at 5939 points. Change of 0.07%. Total value traded through LSE was: £ 5,802,382,632 a change of 2.67%
7/05/2020 FTSE Closed at 5935 points. Change of 1.4%. Total value traded through LSE was: £ 5,651,341,668 a change of -8.8%
6/05/2020 FTSE Closed at 5853 points. Change of 0.07%. Total value traded through LSE was: £ 6,196,887,003 a change of 18.35%
5/05/2020 FTSE Closed at 5849 points. Change of 1.67%. Total value traded through LSE was: £ 5,236,126,168 a change of -8.24%
4/05/2020 FTSE Closed at 5753 points. Change of -0.17%. Total value traded through LSE was: £ 5,706,354,809 a change of 60.68%
1/05/2020 FTSE Closed at 5763 points. Change of -2.34%. Total value traded through LSE was: £ 3,551,403,027 a change of -92.77%
30/04/2020 FTSE Closed at 5901 points. Change of -100%. Total value traded through LSE was: £ 49,092,686,584 a change of 0%





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