Will Webis Plc dodge a bullet?

#Gold #Dax_Futures Webis Holdings owns subsidiaries which trade in the gaming and technology sectors, operating from Isle of Man and the USA. We’ve been just a little curious as to their prospects, due to worldwide lockdowns effectively trashing their ability to offer wagers on a large number of racetracks globally. Given the change in USA facilities for sports betting gradually expanding as each state enacts new legislation, allowing the country to effectively catch up with the UK by betting via Mobile Apps and Desktop. Doubtless they shall also offer an awful onslaught of dire television adverts for the new services.

Our curiosity is pretty basic, wondering if the company shall indeed take advantage of the change in US regulations, especially as New York and California go through the process of licensing.

To be blunt, we suspect the US tax authorities took quite a hit from loss of gambling income and desperately are encouraging individual states to seek additional income streams from gambling duties and taxes, available from online betting. Long story short, our belief is it shall doubtless be worth taking a hard look at what Webis have planned as the company are a long established player in the betting field. Unfortunately, there’s an immediate requirement for Webis to enjoy a bit of positive news, something which will a particular threat to their share price presently making itself apparent.

 

Our immediate scenario suggests the following. Price movement below 3.9p (aka the current share price) risks promoting share reversal toward an initial 2.7p. If broken, our longer term secondary calculates down at 1.4p and we’d hope for a bounce should such a level make an appearance.

 

We’ve a pretty solid reason to hope for some sort of bounce from the current 3.9p level but unfortunately, the share needs some substantial movement just to give the first clue any rebound has integrity. Apparently, above 5.3p should bring movement to an initial 5.75p which, if exceeded, ticks the first box for hope for the future. Our secondary computes at 6.8p but importantly, given the circled area on the chart from earlier this year, it will be reasonable to anticipate such ambition being ignored as the share could simply power on upward toward 8.9p.

Above such a level and we shall need take a further look into the crystal ball for the longer term. It’s a bit of an oddball share and hopefully someone finds it of interest. And if they don’t, do check the adverts on this page as one of them may be useful (It pays for our coffee!)

 

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
9:44:52PM BRENT 71.43
9:49:30PM GOLD 1899.97 1880 1865 1848 1892 1900 1916.5 1937 1880
9:53:26PM FTSE 7083.88
9:55:40PM FRANCE 6551.9 ‘cess
10:06:47PM GERMANY 15704 15655 15622 15585 15711 15732 15753 15801 15659
10:08:40PM US500 4228
10:10:34PM DOW 34642 ‘cess
10:12:35PM NASDAQ 13825 ‘cess
10:14:08PM JAPAN 29136
7/06/2021 FTSE Closed at 7077 points. Change of 0.11%. Total value traded through LSE was: £ 4,364,121,178 a change of 7.1%
4/06/2021 FTSE Closed at 7069 points. Change of 0.07%. Total value traded through LSE was: £ 4,074,732,159 a change of -14.11%
3/06/2021 FTSE Closed at 7064 points. Change of -0.62%. Total value traded through LSE was: £ 4,744,036,832 a change of -6.04%
2/06/2021 FTSE Closed at 7108 points. Change of 0.4%. Total value traded through LSE was: £ 5,048,977,038 a change of -2.93%
1/06/2021 FTSE Closed at 7080 points. Change of 0.83%. Total value traded through LSE was: £ 5,201,214,939 a change of -13.74%
28/05/2021 FTSE Closed at 7022 points. Change of 0.04%. Total value traded through LSE was: £ 6,029,889,894 a change of -45.96%
27/05/2021 FTSE Closed at 7019 points. Change of -100%. Total value traded through LSE was: £ 11,159,138,786 a change of 0%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BT.A British Telecom** **LSE:CCL Carnival** **LSE:DDDD 4D Pharma** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:NWG Natwest** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:QFI Quadrise** **LSE:RKH Rockhopper** **LSE:RMG Royal Mail** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Aston Martin, Barclays, BALFOUR BEATTY, British Telecom, Carnival, 4D Pharma, EasyJet, Firstgroup, Natwest, Omega Diags, OPG Power Ventures, Quadrise, Rockhopper, Royal Mail, Spirax, Zoo Digital,

LSE:AML Aston Martin. Close Mid-Price: 2201 Percentage Change: + 2.23% Day High: 2230 Day Low: 2114

All Aston Martin needs are mid-price trades ABOVE 2230 to improve acceler ……..

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LSE:BARC Barclays. Close Mid-Price: 186.98 Percentage Change: + 1.64% Day High: 188.02 Day Low: 184.02

Further movement against Barclays ABOVE 188.02 should improve acceleratio ……..

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LSE:BBY BALFOUR BEATTY. Close Mid-Price: 305.8 Percentage Change: + 0.20% Day High: 307.4 Day Low: 298.2

Weakness on BALFOUR BEATTY below 298.2 will invariably lead to 293 with s ……..

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LSE:BT.A British Telecom. Close Mid-Price: 183.5 Percentage Change: + 3.67% Day High: 184.6 Day Low: 177.85

Target met. All British Telecom needs are mid-price trades ABOVE 184.6 to ……..

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LSE:CCL Carnival. Close Mid-Price: 1862.4 Percentage Change: + 1.92% Day High: 1873.4 Day Low: 1813

In the event of Carnival enjoying further trades beyond 1873.4, the share ……..

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LSE:DDDD 4D Pharma Close Mid-Price: 90.7 Percentage Change: -1.41% Day High: 93.1 Day Low: 89

Weakness on 4D Pharma below 89 will invariably lead to 79 with secondary ……..

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LSE:EZJ EasyJet. Close Mid-Price: 963.2 Percentage Change: + 3.13% Day High: 965.6 Day Low: 925.6

Continued weakness against EZJ taking the price below 925.6 calculates as ……..

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LSE:FGP Firstgroup Close Mid-Price: 81.75 Percentage Change: -0.30% Day High: 82.75 Day Low: 78

In the event Firstgroup experiences weakness below 78 it calculates with ……..

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LSE:NWG Natwest. Close Mid-Price: 209.9 Percentage Change: + 1.11% Day High: 212.4 Day Low: 208.1

Further movement against Natwest ABOVE 212.4 should improve acceleration ……..

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LSE:ODX Omega Diags Close Mid-Price: 60.5 Percentage Change: -3.97% Day High: 66.5 Day Low: 59

Weakness on Omega Diags below 59 will invariably lead to 54 with secondar ……..

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LSE:OPG OPG Power Ventures Close Mid-Price: 15.5 Percentage Change: -2.36% Day High: 15.88 Day Low: 15.5

In the event OPG Power Ventures experiences weakness below 15.5 it calcul ……..

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LSE:QFI Quadrise Close Mid-Price: 4.12 Percentage Change: -7.31% Day High: 4.44 Day Low: 4.05

Weakness on Quadrise below 4.05 will invariably lead to 3.2 with secondar ……..

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LSE:RKH Rockhopper Close Mid-Price: 9.7 Percentage Change: -3.77% Day High: 10.38 Day Low: 9.53

This now looks like it needs trade above 10.9 to signify any recovery may ……..

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LSE:RMG Royal Mail. Close Mid-Price: 599.4 Percentage Change: + 1.42% Day High: 612.6 Day Low: 592

All Royal Mail needs are mid-price trades ABOVE 612.6 to improve accelera ……..

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LSE:SPX Spirax Close Mid-Price: 12865 Percentage Change: -0.62% Day High: 13020 Day Low: 12870

In the event of Spirax enjoying further trades beyond 13020, the share sh ……..

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LSE:ZOO Zoo Digital. Close Mid-Price: 143.5 Percentage Change: + 5.51% Day High: 143.5 Day Low: 135.5

Further movement against Zoo Digital ABOVE 143.5 should improve accelerat ……..

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*** End of “Updated Today” comments on shares.

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