Sainsbury Plc & Jubilee Metals

#Gold #SP500 Following a year when we’ve all enjoyed & endured the experience of online shopping, Sainsbury came top in a Which Report for online service whereas Aldi topped the list in the ‘value for money’ category. Needless to say, Aldi also flopped around a bit with customers tending ridicule their shop layout. But their prices were good, if you could find the products! Sainsbury, a presence since 1869 appear to have embraced this new fangled online experience rather more successfully than rivals and we’d hope to see this success mirrored in their share price.

 

So far, unfortunately, this seems not to be the case. Trading around 226p at time of writing, there’s a pretty firm suspicion near term weakness below just 224p shall promote reversals to an initial 211p. We’d hope for a bounce should 211p make itself known but warn, should such a price level break, we’d then hope for a rebound before our secondary of 188p.

However, perhaps the accolade suggesting Sainsbury, after 152 years, actually know what they’re doing will provide an effect on price movements but realistically at present, we need the share price above 250p to suggest the possibility of movement to an initial 267p with secondary, if exceeded, calculating at a visibly sane 300p eventually. We use the term “visibly sane” due to the high prior to the 2019 drop showing itself as an excellent level to produce a glass ceiling eventually.

Hey, chart goes here

Jubilee Metals (LSE:JLP) Following the stock market crash of 2009, there was little doubt Jubilee Metals share price was enthusiastically talked up (ramped) by certain folk in internet chat rooms and as always with this sort of nonsense, the gains eventually vanished, the share price finding a floor at the 1p level. For the last 5 years, the price has enacted spasmodic twitches but now, it feels like something genuine may be happening. This year, the price has outperformed all near term logic and there’s a strong suggestion gains next above 17p should continue growth toward an amazing 24p.

If exceeded, our longer term secondary calculates at 32p and as with our thoughts on Sainsbury above, this presents the sort of level where some hesitation can be expected. Obviously, there’s going to be a bunch of folk trapped since the 32p level appeared ten years ago and a lot of them will Bail At Break Even, bringing selling pressure. Additionally, another bunch of folk will glance at the chart and see the prior highs, assuming a problem exists at such a price level.

We’re aware we’re speculating on the price doubling from current, so perhaps worth doing some research. It needs fall below 10p to give early warning of panic.

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
10:33:56PM BRENT 65.02 Success
10:36:08PM GOLD 1810 1788 1782 1771 1803 1812 1819 1829 1792 ‘cess
10:37:55PM FTSE 6595.36 ‘cess
10:40:40PM FRANCE 5748 ‘cess
10:43:06PM GERMANY 13924 ‘cess
10:52:24PM US500 3879.32 3863 3858 3824 3883 3902 3906.5 3921 3891 Success
10:54:11PM DOW 31561 Success
10:56:51PM NASDAQ 13228 Success
10:59:06PM JAPAN 29986 ‘cess
22/02/2021 FTSE Closed at 6612 points. Change of -0.18%. Total value traded through LSE was: £ 6,739,937,565 a change of 0.76%
19/02/2021 FTSE Closed at 6624 points. Change of 0.11%. Total value traded through LSE was: £ 6,689,261,003 a change of 15.24%
18/02/2021 FTSE Closed at 6617 points. Change of -1.39%. Total value traded through LSE was: £ 5,804,629,617 a change of -22.73%
17/02/2021 FTSE Closed at 6710 points. Change of -0.56%. Total value traded through LSE was: £ 7,511,824,336 a change of 35.06%
16/02/2021 FTSE Closed at 6748 points. Change of -0.12%. Total value traded through LSE was: £ 5,561,960,634 a change of -0.72%
15/02/2021 FTSE Closed at 6756 points. Change of 2.53%. Total value traded through LSE was: £ 5,602,276,757 a change of 0.88%
12/02/2021 FTSE Closed at 6589 points. Change of 0.93%. Total value traded through LSE was: £ 5,553,303,054 a change of 2.03%

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