#FTSE #NK225 We’ve been tending to take a special interest in video associated companies, due to the increase in working from home. This focus is easily justified by a look at the FlightRadar website, highlighting the majority of transatlantic flights relate to air cargo, not virus laden people. Surprised by an email asking us to review Blackbird, we note they are NOT involved in video conferencing but instead, video editing via a web browser. The company, once known as Forbidden Technologies, rebranded as Blackbird in 2019, using the name of their cloud video platform as the new corporate identity.
A glance at their client list was immediately fairly intimidating, showing Microsoft, Google, Sky, and even Arsenal football club numbered amongst their client lists. It didn’t take long to figure out their editing format may find favour amongst those of us who’ve prepped a “professional” video presentation, while failing to notice a full ashtray in the foreground and several bottles of wine in the bin. Joking aside, perhaps the company have a product who’s time has come, recent price movements tending justify a degree of interest and suggesting some deeper research may be an idea.
The immediate situation is fairly straightforward. Price strength above just 25p should prove capable of an attempt at an initial 28p, a fairly tame ambition. If exceeded, our longer term secondary calculates at a more attractive 39p, doubtless along with some hesitation due to historical behaviour at this price level. For the longer term, absolutely key will be price closure above 39p, thanks to a distant sounding 68p making a lot of sense.
Before becoming enraptured with such a long term calculation, the harsh reality is Blackbird were trading above 250p twenty years ago. This suggests the share needs soar above 75p to give the first solid hint ‘proper’ recovery is coming! For now, we’re fairly impressed with recent movements and suspect 39p shall become a reality on the immediate cycle. The price will require to close a session below Blue, presently 20p, to justify panic.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:08:03PM | BRENT | 41.12 | Shambles | ||||||||
| 10:10:20PM | GOLD | 1908.06 | ‘cess | ||||||||
| 10:33:40PM | FTSE | 5689 | 5683 | 5623 | 5549 | 5750 | 5748 | 5767 | 5795 | 5712 | ‘cess |
| 10:49:02PM | FRANCE | 4679.7 | Success | ||||||||
| 10:53:15PM | GERMANY | 11896 | ‘cess | ||||||||
| 10:54:52PM | US500 | 3367.47 | ‘cess | ||||||||
| 10:56:48PM | DOW | 27295 | |||||||||
| 11:00:07PM | JAPAN | 23308 | 23284 | 23234 | 23143 | 23355 | 23410 | 23445.5 | 23499 | 23367 | Success |
| 11:00:12PM | NASDAQ | Nothing | makes | sense | against | this |