#FTSE #WallSt
At time of writing (10pm), the temperature outside in our bit of Scotland is 12c. And it’s windy, also raining occasionally. It’d be easy to be blasé about the weather elsewhere, except for the troublesome detail of experiencing unpleasant 29c earlier in the day, provoking a meltdown worthy of Boohoo’s share price.
When we previously reviewed Boohoo last October, when the price was 277p, we wrote;
”
We find ourselves in the ridiculous position of being forced to mention the lowest we can calculate is 65p.”
Alas, the share price has endured a painful journey, eventually hitting and breaking our 65p, currently trading at 60p!
There are some early signs, the online shopping company faces slight improvement in their share price as above just 61.5p calculates with the potential of price recovery to an initial 69p. If exceeded, our longer term secondary works out at a more encouraging 79p.
When viewing the chart for the last few years, these target levels hardly deserve any sort of headline billing (unlike the weather) as visually, the share price now needs trade above 100p to be taken seriously, exceeding a glass ceiling which has formed this year and giving some reasonable hope for a future of sorts. Unfortunately, it’s also a worry the share price has closed, repeatedly, below our 65p as optimism can prove difficult in such a scenario.
The Big Picture situation is now pretty risky, weakness below 52p threatening reversal to an initial 39p with secondary, if broken, at a new “ultimate bottom” price level of just 7p. Which would be a big boohoo for Boohoo investors…
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:45:10PM | BRENT | 104.11 | |||||||||
| 9:47:50PM | GOLD | 1711 | |||||||||
| 9:50:11PM | FTSE | 7332 | 7267 | 7255 | 7228 | 7307 | 7338 | 7345 | 7369 | 7283 | ‘cess |
| 9:53:39PM | STOX50 | 3604.7 | Success | ||||||||
| 9:56:15PM | GERMANY | 13364 | Success | ||||||||
| 10:19:35PM | US500 | 3943 | Success | ||||||||
| 10:21:44PM | DOW | 31860 | 31059 | 30864 | 30526 | 31258 | 31881 | 31903 | 32034 | 31733 | ‘cess |
| 10:24:48PM | NASDAQ | 12303 | Success | ||||||||
| 10:26:37PM | JAPAN | 27385 | Shambles |
19/07/2022 FTSE Closed at 7296 points. Change of 1.01%. Total value traded through LSE was: £ 4,670,793,885 a change of -13.24%
18/07/2022 FTSE Closed at 7223 points. Change of 0.89%. Total value traded through LSE was: £ 5,383,848,988 a change of -4.09%
15/07/2022 FTSE Closed at 7159 points. Change of 1.7%. Total value traded through LSE was: £ 5,613,237,251 a change of -3.92%
14/07/2022 FTSE Closed at 7039 points. Change of -1.63%. Total value traded through LSE was: £ 5,842,341,415 a change of 1.71%
13/07/2022 FTSE Closed at 7156 points. Change of -0.74%. Total value traded through LSE was: £ 5,744,207,139 a change of 25.49%
12/07/2022 FTSE Closed at 7209 points. Change of 0.18%. Total value traded through LSE was: £ 4,577,434,257 a change of 19.25%
11/07/2022 FTSE Closed at 7196 points. Change of 0%. Total value traded through LSE was: £ 3,838,648,394 a change of -17.76%
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:ASC Asos** **LSE:CPI Capita** **LSE:EMG MAN** **LSE:LLOY Lloyds Grp.** **LSE:PPC President Energy** **LSE:RR. Rolls Royce** **LSE:TW. Taylor Wimpey** **
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Updated charts published on : Asos, Capita, MAN, Lloyds Grp., President Energy, Rolls Royce, Taylor Wimpey,
LSE:ASC Asos. Close Mid-Price: 1039 Percentage Change: + 2.36% Day High: 1041 Day Low: 989.5
Further movement against Asos ABOVE 1041 should improve acceleration towa ……..
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View Previous Asos & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 28.5 Percentage Change: + 4.47% Day High: 28.58 Day Low: 26
In the event of Capita enjoying further trades beyond 28.58, the share sh ……..
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View Previous Capita & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 264.8 Percentage Change: + 2.40% Day High: 265.6 Day Low: 257.3
Continued trades against EMG with a mid-price ABOVE 265.6 should improve ……..
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View Previous MAN & Big Picture ***
LSE:LLOY Lloyds Grp.. Close Mid-Price: 44.07 Percentage Change: + 3.02% Day High: 44.34 Day Low: 42.78
Further movement against Lloyds Grp. ABOVE 44.34 should improve accelerat ……..
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View Previous Lloyds Grp. & Big Picture ***
LSE:PPC President Energy Close Mid-Price: 1.27 Percentage Change: -0.39% Day High: 1.27 Day Low: 1.25
Weakness on President Energy below 1.25 will invariably lead to 1.2 with ……..
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View Previous President Energy & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 93.85 Percentage Change: + 1.80% Day High: 94.39 Day Low: 90.27
Target met. All Rolls Royce needs are mid-price trades ABOVE 94.39 to imp ……..
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View Previous Rolls Royce & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 120.65 Percentage Change: + 1.17% Day High: 121.2 Day Low: 118.1
Continued trades against TW. with a mid-price ABOVE 121.2 should improve ……..
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View Previous Taylor Wimpey & Big Picture ***