FeverTree Drinks Plc for 3/09/2020

#SP500 #Japan Finally, we got around to actually testing a companies product, abandoning our usual aloof stance of just looking at numbers. In fairness, it was completely by accident, the local shop running out of Schweppes Tonic Water. Suddenly discovering dark rum was being mixed with Fevertree’s product, it was inevitable a glance was taken at their share price movements since our update last January.

 

Importantly, in our previous analysis of Fevertree, we’d given a drop target of 983p, warning movement below such a level risked taking the share into the grasp of an eventual 159p! We’ve noticed with many shares, despite some drop targets breaking due to the Covid-19 drop in mid-March of this year, price movements in the period since the exaggerated drop have tended eradicate threats of leaks down to ultimate bottom levels. This is certainly the case with Fevertree, the company share price requiring CLOSE a session below 1,870p before we’d dare express any sort of nerves for the future.

Closure below 1,870 would not be great, now calculating with the potential of reversal to an initial 1,460 with secondary, if broken, at a bottom (hopefully) of 1,277. Thankfully, absolutely nothing at present suggests such a risk.

 

Instead, we shall be quite interested should the price manage to trade above 2,135p as a cycle toward an initial 2,800p looks possible. If exceeded, our secondary calculation at 3,279p makes a lot of sense visually.

 

As for the companies Tonic Water, it proved as acceptable as the traditional Schweppes product!

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:47:53PM	BRENT	44.5									‘cess
9:50:52PM	GOLD	1943.44									Success
10:14:52PM	FTSE	5961									Success
10:16:36PM	FRANCE	5069									Success
10:18:58PM	GERMANY	13345									Success
10:25:58PM	US500	3578	3555	3544.5	3530	3568	3588	3594	3618	3555	Success
10:28:09PM	DOW	29097									Success
10:29:40PM	NASDAQ	12410									Success
10:35:20PM	JAPAN	23498	23243	23191	23082	23366	23516	23579	23725	23350	Success

 

2/09/2020 FTSE Closed at 5940 points. Change of 1.33%. Total value traded through LSE was: £ 4,378,771,754 a change of -24.99%

1/09/2020 FTSE Closed at 5862 points. Change of -1.69%. Total value traded through LSE was: £ 5,837,308,187 a change of 19.78%

28/08/2020 FTSE Closed at 5963 points. Change of -0.6%. Total value traded through LSE was: £ 4,873,414,475 a change of 40.53%

27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%

26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%

25/08/2020 FTSE Closed at 6037 points. Change of -1.1%. Total value traded through LSE was: £ 3,506,401,056 a change of 13.29%

24/08/2020 FTSE Closed at 6104 points. Change of -100%. Total value traded through LSE was: £ 3,095,099,740 a change of 0%