TalkTalk for 2/07/2020

TalkTalk Telecom (LSE:TALK) Staying in Argyll has a strange side effect, random animals demanding food. Currently our two dogs, the two unwanted cats and now, two crows and two wood pigeons crave attention.  Along with a red squirrel and a fat frog we call Trevor. We’ve now got something like a corporate entity, complete diversity in feeding operations.

The mad thing, the dogs steal the cat food, the birds steal dog food, the squirrel steals the bird food and we suspect the cats eat elsewhere. As for Trevor the frog, he contributes to keeping the snail population down. Somehow or other, all the animals muddle along together except for the red squirrel which appears to enjoy teasing the others.

This, of course, brings us to TalkTalk. A few emails asking about the potential future for the share price gave a reason to visit the company website. We’d expected to find lots of information about the new 5G mobile transmission standard, widely anticipated to be the next “cash cow” for the industry. Instead, we find a company who mention mobiles in passing, instead focussing on their future aims to be at the heart of ‘Britain’s Full Fibre’ future. An initial, cruel thought was they intend further diversity into breakfast cereal. Instead, it appears TalkTalk Telecom intend to focus on providing fixed connectivity to consumers. We needed to scroll quite far down the page until a mention of their partnership with 02 appeared.

 

The immediate share price prospects for TalkTalk look a bit dodgy. Weakness next below 83p risks reversal to an initial 78p with secondary, when broken, at a bottom (hopefully) down at 70p. Despite our secondary visually challenging the Covid-19 low, the 70p level is marginally above this level and thus should present itself as capable of a bounce. Our ultimate bottom on TalkTalk, the point at which we cannot calculate below, calculates at 39p and presently there are no indications this price level should be troubled.

 

A perfectly defined downtrend since 2015 gives some vague hope for the future as it signals TalkTalk share price need only exceed 100p to finally escape, suggesting the potential of recovery to a useless initial 106p. If exceeded, secondary works out at 120p and a point where the visuals demand some hesitation. Only with closure above 120p dare we suggest real optimism as a future 188 becomes very possible.

 

We’re a little sceptical regarding this and surprisingly it’s to do with the ‘Telecom’ part of TalkTalk’s name. The advent of 5G looks capable of bringing mobile speeds, when tethered to a laptop, tablet, or PC, which match fibre optic broadband speeds. Experiencing these speeds without the need for fixed connectivity makes us wonder about the wisdom of TalkTalks future plans. As a result, some research is advised.

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
9:44:10PM BRENT 41.96 ‘cess
9:47:05PM GOLD 1771.46 ‘cess
9:49:46PM FTSE 6176.84 Success
9:59:09PM FRANCE 4950 4848 4734 4569 4950 4963 4993.5 5042 4910 Success
10:02:03PM GERMANY 12295 Success
10:04:31PM US500 3111 3067 3045 3017 3117 3128 3141.5 3191 3083 ‘cess
10:07:41PM DOW 25682
10:11:05PM NASDAQ 10271 ‘cess
10:14:01PM JAPAN 22218 Success

 

 

1/07/2020 FTSE Closed at 6157 points. Change of -0.19%. Total value traded through LSE was: £ 5,364,963,061 a change of 0.93%
30/06/2020 FTSE Closed at 6169 points. Change of -1.15%. Total value traded through LSE was: £ 5,315,656,653 a change of 10.43%
29/06/2020 FTSE Closed at 6241 points. Change of 1.33%. Total value traded through LSE was: £ 4,813,785,764 a change of 2.33%
26/06/2020 FTSE Closed at 6159 points. Change of 0.2%. Total value traded through LSE was: £ 4,704,232,985 a change of 0.38%
25/06/2020 FTSE Closed at 6147 points. Change of 0.39%. Total value traded through LSE was: £ 4,686,605,937 a change of -15.87%
24/06/2020 FTSE Closed at 6123 points. Change of -3.12%. Total value traded through LSE was: £ 5,570,618,425 a change of 6.1%
23/06/2020 FTSE Closed at 6320 points. Change of 1.22%. Total value traded through LSE was: £ 5,250,584,442 a change of -0.97%

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