#FTSE #Nasdaq
Sometimes, a share can treat investors in a fashion similar to a dog. Not like the UK banking sector, where long suffering traders tend expect the share to lift a leg. Instead, there’s annoying persistence, trying to call attention to a ball while pretending to sit patiently, eyes moving from your face to the ball and back. For the last week, Liberty Media share price has been emulating our Golden Retriever and a tennis ball and now, with the race season kicking off, we cannot ignore it any longer.
We’d mentioned the brief video regarding Liberty Media’s income (available at this link) and a thought crossed our mind. Formula 1 is no longer free to watch in the UK, only available “Live” through the exorbitant portal of Sky Sports. Almost everywhere else in the world, you can subscribe to Liberty Media’s Formula1.com, an excellent Live Streaming service, available substantially cheaper than Sky. With Liberty Media now 5 years into their management contract, hopefully the dominance of Sky shall come to an end when contracts are next thrown up in the air. To judge by watching the aforementioned short video, Liberty Media don’t appear to be financially struggling with their vastly lower monthly fee to watch live motor racing.
Listed on the Nasdaq in 2017, Liberty currently are trading around $64.50, the share price appearing impatient to catch attention. The immediate situation suggests above $65 threatens further growth to an initial $71 and a new all time high. If bettered, this scenario can even propose the potential of a future $77, taking the share price to a level we have some difficulty in calculating above. Obviously, this doesn’t mean the price cannot go higher, it just implies we’ve run out of numbers from a big picture perspective. Normally, this will suggest some hesitation at the secondary level.
For everything to go horribly wrong, the share would require crossing the Red line on the chart, ideally with all 4 wheels (a formula 1 joke) and currently this demands closure below 58 would justify a degree of panic. Such a calamity would risk creating a situation, where reversal to an initial $52 looks possible with secondary, if broken, down at $48.
For now, we rather suspect Liberty intends discover a path to the 77 dollar level.
Needless to say, this should be the last time we cover anything Formula 1 related for a while. We prefer watching, rather than writing about the sport!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:59:52PM | BRENT | 111.81 | ‘cess | ||||||||
| 10:01:25PM | GOLD | 1922.04 | |||||||||
| 10:03:23PM | FTSE | 7476.21 | 7438 | 7433 | 7412 | 7464 | 7496 | 7507 | 7522 | 7470 | ‘cess |
| 10:13:37PM | FRANCE | 6665 | |||||||||
| 10:15:55PM | GERMANY | 14487 | ‘cess | ||||||||
| 10:18:48PM | US500 | 4510 | Success | ||||||||
| 10:22:05PM | DOW | 34813 | ‘cess | ||||||||
| 10:24:20PM | NASDAQ | 14652 | 14301 | 14187 | 14017 | 14409 | 14697 | 14791 | 14829 | 14450 | Success |
| 10:26:16PM | JAPAN | 27699 |
22/03/2022 FTSE Closed at 7476 points. Change of 0.46%. Total value traded through LSE was: £ 6,769,927,193 a change of 15.91%
21/03/2022 FTSE Closed at 7442 points. Change of 0.51%. Total value traded through LSE was: £ 5,840,589,175 a change of -56.99%
18/03/2022 FTSE Closed at 7404 points. Change of 0.26%. Total value traded through LSE was: £ 13,580,954,595 a change of 97.5%
17/03/2022 FTSE Closed at 7385 points. Change of 1.29%. Total value traded through LSE was: £ 6,876,379,438 a change of -21.82%
16/03/2022 FTSE Closed at 7291 points. Change of 1.69%. Total value traded through LSE was: £ 8,795,974,053 a change of 28.56%
15/03/2022 FTSE Closed at 7170 points. Change of -0.32%. Total value traded through LSE was: £ 6,841,972,853 a change of 11.2%
14/03/2022 FTSE Closed at 7193 points. Change of 0.53%. Total value traded through LSE was: £ 6,152,854,583 a change of -10.19%
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:BP. BP PLC** **LSE:BT.A British Telecom** **LSE:ECO ECO (Atlantic) O & G** **LSE:GENL Genel** **LSE:ITRK Intertek** **LSE:OCDO Ocado Plc** **LSE:TSCO Tesco** **LSE:ZOO Zoo Digital** **
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Updated charts published on : BP PLC, British Telecom, ECO (Atlantic) O & G, Genel, Intertek, Ocado Plc, Tesco, Zoo Digital,
LSE:BP. BP PLC Close Mid-Price: 371.3 Percentage Change: -0.99% Day High: 380.8 Day Low: 368.55
Further movement against BP PLC ABOVE 380.8 should improve acceleration t ……..
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View Previous BP PLC & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 184.3 Percentage Change: + 1.54% Day High: 184.85 Day Low: 181.75
Continued trades against BT.A with a mid-price ABOVE 184.85 should improv ……..
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View Previous British Telecom & Big Picture ***
LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 37 Percentage Change: + 9.47% Day High: 38.5 Day Low: 33.75
Further movement against ECO (Atlantic) O & G ABOVE 38.5 should improve a ……..
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View Previous ECO (Atlantic) O & G & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 168.6 Percentage Change: + 0.96% Day High: 170.6 Day Low: 165
In the event of Genel enjoying further trades beyond 170.6, the share sho ……..
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View Previous Genel & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 5214 Percentage Change: + 0.85% Day High: 5222 Day Low: 5164
Now above 5222 should prove capable of a lift to 5382 next with secondary, ……..
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View Previous Intertek & Big Picture ***
LSE:OCDO Ocado Plc Close Mid-Price: 1086 Percentage Change: -1.00% Day High: 1102 Day Low: 1052
Target met. If Ocado Plc experiences continued weakness below 1052, it wi ……..
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View Previous Ocado Plc & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 279 Percentage Change: + 0.59% Day High: 279.45 Day Low: 277.35
Very much paddling water, awaiting either spring or a tsunami. Near term, ……..
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View Previous Tesco & Big Picture ***
LSE:ZOO Zoo Digital. Close Mid-Price: 127.5 Percentage Change: + 4.94% Day High: 129 Day Low: 117.5
All Zoo Digital needs are mid-price trades ABOVE 129 to improve accelerat ……..
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View Previous Zoo Digital & Big Picture ***