#Gold #SP500 News of a change to Purplebricks business model looks fascinating and we wonder if this shall prove pivotal in arresting the decline of the share price. Already, there’s a heck of an argument promoting the concept of a bounce before 60p and the share price, trading at 62p at time of writing, is already effectively in the bounce zone. The surprising thing comes from reading commentary on what the company intend.
Apparently, their plan is to create 600 new jobs, simply by changing the status of their property agents from “self employed” to “employee”. This seemingly attractive idea has a couple of caveats. Those folk currently self employed will need apply for their existing jobs. And there is no certainty of being accepted. In addition, if successful, the new “employee” will be on a 6 month probation period. Any existing property agent who employs staff for admin will also need make them redundant. The change in concept is fascinating, doubtless infuriating many who’ve enjoyed a self employed secure lifestyle as they’ll be aware the only reason Purplebricks are making this movement is to improve company earnings.
After all, no corporate body likes to see ‘their’ profit being diluted!
An eyebrow can be raised with this behaviour, thanks to experience with the major oil companies in the last decade of the 20th century. Each corporate entity really hated the idea of their self employed retailers making money, in some cases a lot of money. Eventually, decisions were made to turn petrol retailers into petrol station managers, once they’d successfully been through an interview. If we fast forward to the present, very few of these smaller petrol stations remain open and virtually none of the “successful” manager applicants remain. This corporate initiative, to be blunt, removed initiative from the entire petrol retail network with many stations shut, due to falling revenues. Throughout the UK, the landscape is littered with old petrol station plots, no-one keen on buying the land due to the potential of historic ground contamination.
We suspect the markets shall assume Purplebricks have the right idea. Should the share price accelerate beyond 74p anytime soon, we calculate the potential of an initial ambition at 84p. If bettered, an attempt at 109p looks very possible, a price level which looks like it’s currently auditioning as a glass ceiling. Only with closure above 109p dare we feel some strong potentials shall make themselves known as 167p works out as a sensible longer term hope.
Conversely, if it all intends go wrong, below 60p currently risks reversal to 46p with our secondary, if broken, calculating at a bottom of 25p. We cannot calculate below such a point.
Trends and Targets. Past performance is not a reliable indicator of future results.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:40:25PM | BRENT | 69.41 | Success | ||||||||
| 9:42:26PM | GOLD | 1787.41 | 1770 | 1765 | 1757 | 1780 | 1789 | 1796 | 1801 | 1770 | ‘cess |
| 9:44:24PM | FTSE | 7165 | Success | ||||||||
| 9:46:33PM | FRANCE | 6858.7 | Success | ||||||||
| 9:48:57PM | GERMANY | 15948 | Success | ||||||||
| 9:51:35PM | US500 | 4476.02 | 4447 | 4436 | 4421 | 4461 | 4478 | 4484 | 4499 | 4455 | Success |
| 9:55:58PM | DOW | 35589.8 | Success | ||||||||
| 9:58:20PM | NASDAQ | 15139 | Success | ||||||||
| 10:00:24PM | JAPAN | 27659 | Success |
16/08/2021 FTSE Closed at 7153 points. Change of -0.9%. Total value traded through LSE was: £ 4,913,032,412 a change of 23.5%
13/08/2021 FTSE Closed at 7218 points. Change of 0.35%. Total value traded through LSE was: £ 3,978,009,773 a change of -26.52%
12/08/2021 FTSE Closed at 7193 points. Change of -0.37%. Total value traded through LSE was: £ 5,413,411,006 a change of 4.45%
11/08/2021 FTSE Closed at 7220 points. Change of 0.96%. Total value traded through LSE was: £ 5,182,803,131 a change of -6.82%
10/08/2021 FTSE Closed at 7151 points. Change of 0.27%. Total value traded through LSE was: £ 5,561,861,537 a change of 12.31%
9/08/2021 FTSE Closed at 7132 points. Change of 0.14%. Total value traded through LSE was: £ 4,952,268,424 a change of -14.01%
6/08/2021 FTSE Closed at 7122 points. Change of 0.03%. Total value traded through LSE was: £ 5,759,335,075 a change of 3.28%
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:AFC AFC Energy** **LSE:AVCT Avacta** **LSE:CEG Challenger Energy (aka Bahamas Pet)** **LSE:DDDD 4D Pharma** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:PHP Primary Health** **LSE:POG Petrop etc** **LSE:QFI Quadrise** **LSE:RBD Reabold Resources PLC** **LSE:TSCO Tesco** **
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Updated charts published on : AFC Energy, Avacta, Challenger Energy (aka Bahamas Pet), 4D Pharma, Genel, Gulf Keystone, Primary Health, Petrop etc, Quadrise, Reabold Resources PLC, Tesco,
LSE:AFC AFC Energy Close Mid-Price: 58.8 Percentage Change: -0.84% Day High: 61.8 Day Low: 58
Above 63.5 is liable to prove significant, now allowing for recovery to an ……..
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View Previous AFC Energy & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 110 Percentage Change: -6.78% Day High: 118.5 Day Low: 105.5
Continued weakness against AVCT taking the price below 105.5 calculates a ……..
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View Previous Avacta & Big Picture ***
LSE:CEG Challenger Energy (aka Bahamas Pet). Close Mid-Price: 1.77 Percentage Change: + 2.01% Day High: 1.77 Day Low: 1.65
Continued weakness against CEG taking the price below 1.65 calculates as ……..
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View Previous Challenger Energy (aka Bahamas Pet) & Big Picture ***
LSE:DDDD 4D Pharma Close Mid-Price: 80.6 Percentage Change: -2.89% Day High: 82.9 Day Low: 80
Continued weakness against DDDD taking the price below 80 calculates as l ……..
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View Previous 4D Pharma & Big Picture ***
LSE:GENL Genel Close Mid-Price: 135 Percentage Change: -1.60% Day High: 140 Day Low: 132
If Genel experiences continued weakness below 132, it will invariably lea ……..
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View Previous Genel & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 156 Percentage Change: -1.14% Day High: 160 Day Low: 150.2
Weakness on Gulf Keystone below 150.2 will invariably lead to 126 initial ……..
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View Previous Gulf Keystone & Big Picture ***
LSE:PHP Primary Health. Close Mid-Price: 167.8 Percentage Change: + 0.36% Day High: 169.2 Day Low: 167.2
Further movement against Primary Health ABOVE 169.2 should improve accele ……..
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View Previous Primary Health & Big Picture ***
LSE:POG Petrop etc. Close Mid-Price: 19.38 Percentage Change: + 1.52% Day High: 19.38 Day Low: 17.76
In the event Petrop etc experiences weakness below 17.76 it calculates wi ……..
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View Previous Petrop etc & Big Picture ***
LSE:QFI Quadrise. Close Mid-Price: 4.46 Percentage Change: + 14.49% Day High: 4.69 Day Low: 4
Target met. Continued trades against QFI with a mid-price ABOVE 4.69 shou ……..
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View Previous Quadrise & Big Picture ***
LSE:RBD Reabold Resources PLC Close Mid-Price: 0.34 Percentage Change: -4.17% Day High: 0.36 Day Low: 0.34
Weakness on Reabold Resources PLC below 0.34 and we still show 0.28 and t ……..
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View Previous Reabold Resources PLC & Big Picture ***
LSE:TSCO Tesco Close Mid-Price: 242.1 Percentage Change: -0.35% Day High: 243.25 Day Low: 240.6
Continued trades against TSCO with a mid-price ABOVE 243.25 should improv ……..
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View Previous Tesco & Big Picture ***