#Gold #CAC40 #AO.com, the online retailer specialising in household appliances and electricals, appears worth a glance, despite their irritating advertising jingle.
Then again, whatever agency tasked with the job of making something appealing out of two single letters did face an unenviable task. The companies prior name, Appliances Online didn’t really give greater scope for artistic creativity.
However, we’re more interested in their share price potentials as we continue our occasional scan through online suppliers, pretty convinced “proper” shops face a dodgy future in any post Covid-19 world. The only issue, one which is pretty major, will come from shoppers who prefer ‘look and feel’, prior to making a choice. Personally, it would be correct to admit choosing a specific camera in a High St outlet, opting to actually buy the device online due to it being 50 quid cheaper. The days of being “sold” an item by informed staff are, broadly speaking, gone, when frequenting one of these retail parks where the only real advantage is the parking.
AO.com appear to have a share price giving hope for the future. Movement next above 104p suggests truly unimpressive travel to 109p next. With closure above 109p, things become interesting as continued moves to an initial 140p are hoped for. If exceeded, secondary calculates at 183p and visually, a chance the share price shall hopefully break through the glass ceiling established since 2015.
As always, we can counter this positive attitude with a case of nerves. We’d be quite concerned, should the price find any excuse to now settle below 85p as this risks promoting reversal to 71p. If broken, our secondary works out at a ridiculous sounding 47p, an ambition which matches the Covid-19 low of March!
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
18/05/2020 FTSE Closed at 6048 points. Change of 4.29%. Total value traded through LSE was: £ 5,947,351,021 a change of 14.48%
15/05/2020 FTSE Closed at 5799 points. Change of 1.01%. Total value traded through LSE was: £ 5,195,107,449 a change of -15.28%
14/05/2020 FTSE Closed at 5741 points. Change of -2.76%. Total value traded through LSE was: £ 6,132,234,871 a change of 5.73%
13/05/2020 FTSE Closed at 5904 points. Change of -1.5%. Total value traded through LSE was: £ 5,799,712,485 a change of 7.88%
12/05/2020 FTSE Closed at 5994 points. Change of 0.93%. Total value traded through LSE was: £ 5,375,886,438 a change of -7.35%
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 -100%. Total value traded through LSE was: £ 5,651,341,668 a change of 0%
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