#FTSE An email asking us to review a new name, #Deepverge PLC, immediately reminded of a disastrous start to an extended summer holiday. As a child, cursed with travel sickness, the family had developed an elegant regime when trouble developed. “He’s gulping!”, one of my siblings would yell, my father immediately pulling to the side of the road. They’d all learned projectile vomiting inside a car wasn’t fun nor pretty.

We were traveling in Sutherland, just north of Lairg, and heading to our holiday home. The roads are virtually unchanged today, single track rollercoaster race tracks, the journey often punctuated by emergency stops to avoid sheep, deer, or to accommodate unexploded children. The car was memorable, a gold coloured Vauxhall VX4/90 estate, brand new and very rare. As usual, being driven fairly quickly by a father who just wanted the journey to be over. It was the 1970’s, a time when speed limits were more of an voluntary nature in northern Scotland. Unsurprisingly, this is still the case here in Argyll but only when off the main roads and travelling the more remote single track routes, devoid of tourists.

The shout, “He’s Gulping” caused the car to enact an emergency stop and with long choreographed practice, the side door was flung open and I was pushed out. My brother, ever helpful, assisted my passage with a kick.

Unfortunately, this is where Deep Verge will always be remembered. We’d stopped with what looked like a shallow ditch at the roadside, the usual oily film of water at the bottom. Propelled directly into the ditch, it turned out to be a peat bog into which I immediately sank, up to the armpits. When eventually retrieved, stinking, covered in clinging mucky peat, and without surviving footwear (meaning my immediate future involved wearing wellies or nothing at all) I completed the journey naked beneath a bedsheet as unpacking the car to find replacement clothing was decided against. On the bright side, when we arrived at the highland croft, I was neither expected to help carry bags nor to patrol the grass removing sheep dung. I didn’t even get called upon to fetch water from the ancient well.

After nearly 50 years, Deepverge still means something to me!


However, it’s possible Deepverge Plc (trading around 33p currently) share price movements should prove more meaningful to the market. Without doubt, something positive is happening with this company who’s website boasts of their work in ‘Artificial intelligence, clinical research, medical device and life science.’ Needless to say, they also find space to mention Covid-19 in their portfolio of activities. The company share price is trading at a new high level, giving a fairly strong impression continued movement above 34.75p should attempt an initial 37.25p with secondary, if exceeded, a rather more useful looking 44p.

This sort of thing should take the price pretty close to the Tesla zone, a level above which we cannot calculate, presenting a ‘the sky is the limit’ scenario. In the case of Deepverge, if it finds a reason to exceed 47p, goodness knows where it could end up. For now, the price would need below 23p to cause panic.

Hey, chart goes here

FTSE for FRIDAY The UK index has been behaving fairly positively for the last few sessions with no signs renewed Covid hysteria is effecting the market. Quite the opposite in fact, despite the media now reporting patients in the north of England are being evacuated to Scotland, due to English hospitals being at capacity. The immediate situation for the FTSE (trading at 6856 at time of writing) is fairly hopeful with the potential of movement above 6904 points suggesting ongoing recovery to an initial 6958 points with secondary, if bettered, a longer term (or later in the day!) calculation of 7064 points.

If triggered, the tightest stop is unpleasantly wide at 6821 points. As shown on the chart, this sort of upward surge exposes 7361 as a level where some sort of hesitation almost must occur eventually.

Obviously, there must be a real risk pandemic panic shall take hold with the result we’d be alarmed should London find a reason to slip below 6741 points. Below this level, reversals risk becoming real with the potential of an initial 6688 points. If broken, our secondary calculation comes in at a shocking looking 6383 points.


Hey, chart goes here

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:55:27PM BRENT 54.57 53.91 53.645 54.56 54.86 55.5325 53.7 ‘cess
10:57:36PM GOLD 1914.3 1906 1897.5 1920 1928 1936 1914
10:59:29PM FTSE 6866 6786 6732.5 6880 6925 6935 6830 ‘cess
11:01:02PM FRANCE 5676.7 5626 5602.5 5662 5688 5696.5 5660 ‘cess
11:03:28PM GERMANY 13986 13894 13863 13987 14007 14038.5 13925 ‘cess
11:12:59PM US500 3803.37 3753 3737 3784 3812 3828 3761 ‘cess
11:15:48PM DOW 31034.1 30849 30735 31007 31194 31233 31002 ‘cess
11:19:08PM NASDAQ 12934 12652 12528 12767 12969 13036.25 12803
11:20:47PM JAPAN 27613 27389 27335.5 27580 27655 27716 27433



7/01/2021 FTSE Closed at 6856 points. Change of 0.22%. Total value traded through LSE was: £ 7,370,774,807 a change of -13.13%
6/01/2021 FTSE Closed at 6841 points. Change of 3.46%. Total value traded through LSE was: £ 8,484,604,926 a change of 72.21%
5/01/2021 FTSE Closed at 6612 points. Change of 0.62%. Total value traded through LSE was: £ 4,926,938,806 a change of -22.87%
4/01/2021 FTSE Closed at 6571 points. Change of 0.24%. Total value traded through LSE was: £ 6,387,934,113 a change of 115.76%
30/12/2020 FTSE Closed at 6555 points. Change of -0.71%. Total value traded through LSE was: £ 2,960,610,483 a change of -37.96%
29/12/2020 FTSE Closed at 6602 points. Change of -100%. Total value traded through LSE was: £ 4,771,921,591 a change of 0%
28/12/2020 FTSE Closed at 6502 points. Change of 0%. Total value traded through LSE was: £ 1,908,434,539 a change of 0%

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