#Gold #SP500 Some “made up” buzzwords are irritating. #Quiz_PLC, a fashion retailer in the news, due to allegedly sourcing from a Leicester supplier who paid their staff £3 per hour, also managed to irritate by using the term ‘Omni-channel’ in boasting about their Fast Fashion. Omni-channel, in this instance, mean they wish to treat all customers the same, regardless of where their business came from. Surely, if in retail, this must be a primary aim anyway!
Obviously, Telecoms, Energy, and Insurers use quite different approaches, generally treating all clients terribly but they’re not really front line retail.
For Quiz Group, we’ve got a thing about 4.5p. This is the price level we cannot reliably calculate below as closure below such a point ensures all our numbers are prefaced by minus signs. There’s a bit of a “maybe” at the 2p level but if we’re realistic, the Big Picture demands 4.5p should be the ultimate bottom. Quiz are therefore mildly interesting, despite the usual Covid-19 excuses, the lowest the share price has achieved was 4.75p. Who knows, perhaps this indicates an inherent strength and therefore we should start looking now for bounce potentials.
At present, we shall not be terribly impressed unless this retailer manages exceed 8.7p. This looks very capable of triggering recovery to an initial 10.1p with secondary, if exceeded, up at 11.75p. Perhaps more importantly, this also takes the share price into a region where positive news could rapidly drive recovery to 16p.
Unfortunately, this is about the end of the good news, thanks to Quiz Group experiencing some truly dire reversals since their AIM listing in 2017. This was a share which once traded above 2 quid, resulting in the situation where it’s a risky punt. After all, something caused its steady reversal over the last couple of years, so perhaps some research should be justified.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:15:06PM | BRENT | 42.35 | Shambles | ||||||||
| 10:19:54PM | GOLD | 1803.1 | 1800 | 1796 | 1790 | 1811 | 1816 | 1819.5 | 1828 | 1803 | ‘cess |
| 10:25:11PM | FTSE | 6108.79 | ‘cess | ||||||||
| 10:27:30PM | FRANCE | 4971 | Success | ||||||||
| 10:45:41PM | GERMANY | 12576 | Success | ||||||||
| 10:55:23PM | US500 | 3157.27 | 3145 | 3121 | 3083 | 3200 | 3200 | 3218 | 3241 | 3170 | Success |
| 10:57:55PM | DOW | 26093 | Success | ||||||||
| 11:02:29PM | NASDAQ | 10616 | Success | ||||||||
| 11:04:30PM | JAPAN | Shambles |
