#Gold #WallSt #Hammerson (LSE:HMSO) look worth paying attention to, doubtless a company due to experience happier days as lockdown eases and footfall begins. It was almost amusing to note one of their “Flagship” properties, Silverburn shopping, dining, & leisure destination, was once known as Pollok Shopping Centre. This flagship destination certainly invoked childhood memories, working in our family business just along the road from the place, being robbed at knifepoint once, a gang once, and helping a motorcyclist who’d just been peppered by kids with a shotgun.
Glasgow once had a dreadful reputation for gangs and violence, a problem easily solved by bulldozing troublesome areas and moving the inhabitants elsewhere. Pollok was one such destination. Despite my closest lifelong friend being from the area, folk familiar with the place had few expectations of a gentrified development succeeding. Fortunately, this was one area where the developers appear to have got things right, the area around the “Flagship” shopping centre now vastly improved from days of old. Unfortunately, my own strongest memory is exquisite detail of the big knife (a bayonet, I think) pointing at my 14 year old chest. I think the robber got around 15 quid, along with a few cans of Duckhams motor oil and some Girling brake fluid. The brain is a strange beast!
Fond recollections aside, we’re pretty optimistic for the future of Hammerson share price. When we apply our normal recovery scenario, it appears movement next above just 31.5p should attempt an initial 33.75p. If exceeded, our secondary expectation is more useful at 42.75p. Should the market adhere to the current playbook, it’s likely any recovery exceeding 33.75p shall doubtless reverse a bit, potentially to around the 29p level, before again accelerating upward, eventually finding our longer term secondary.
As always, we’ve got a “however” to be dusted down. Visually, it appears crucial this share price finds an excuse to close a session above 40p at some point. This is liable to become a big deal, one made possible by our current secondary target. Such a scenario potentially will give impetus to the price to reach for 63p in the future, breaking the downtrend since 2018, providing a whole new level for long term hopes.
For now, it looks like it wants to reach 42.75p, so worth watching.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:49:23PM | BRENT | 63.93 | |||||||||
| 9:51:17PM | GOLD | 1712.44 | 1701 | 1692 | 1676 | 1717 | 1730 | 1738.5 | 1751 | 1715 | |
| 9:53:16PM | FTSE | 6642 | ‘cess | ||||||||
| 10:04:06PM | FRANCE | 5798.7 | ‘cess | ||||||||
| 10:06:10PM | GERMANY | 14002.33 | ‘cess | ||||||||
| 10:12:28PM | US500 | 3815 | Success | ||||||||
| 10:14:35PM | DOW | 31288 | 31238 | 31121 | 30939 | 31444 | 31503 | 31550.5 | 31653 | 31383 | Shambles |
| 10:17:33PM | NASDAQ | 12692 | Success | ||||||||
| 10:19:44PM | JAPAN | 29291 |