#Brent #Dax #Barclays share price has certainly taken a trip to Durham and similar to the UK’s current PM, the journey has not (yet) utterly destroyed its potentials. Instead, the share price is showing some very slight signs for some sort of recovery, probably worth keeping an eye on soon.
From a Big Picture perspective, the problem the share price faces dates back to 2013 and the Blue line on the chart. At present, this trend is around 180p and only if the price exceeds Blue will it remove itself completely from its current position, teetering on the edge of doom. The price needs below 75p to generate serious alarm, now giving considerable hope for a rebound from 46p. If broken, ultimate bottom is at 26p, this unlikely level being the point we cannot calculate below.
Now we’ve examined the dangers, the price only requires exceed 111p to signal hope for recovery as this should trigger recovery to an initial 117p. If exceeded, our secondary calculation works out at 125p. With closure above 125p, we can easily plan for future recovery to 147p.
In common with many shares, despite the potential of some price recovery, there’s a big issue with the long term downtrend and this gives a price level which risks proving quite distant. The greater implication from this is a risk of extremely sharp falls, should the stock markets find sufficient excuse for further reductions, painfully below the initial Covid-19 drop. Basically, the markets appear to be solidly in a “fingers crossed” position.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop|
22/05/2020 FTSE Closed at 5993 points. Change of -0.37%. Total value traded through LSE was: £ 5,099,177,715 a change of -23.47%
21/05/2020 FTSE Closed at 6015 points. Change of -0.86%. Total value traded through LSE was: £ 6,663,000,786 a change of 12.03%
20/05/2020 FTSE Closed at 6067 points. Change of 1.08%. Total value traded through LSE was: £ 5,947,398,391 a change of 10.61%
19/05/2020 FTSE Closed at 6002 points. Change of -0.76%. Total value traded through LSE was: £ 5,376,891,155 a change of -9.59%
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%
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