#DAX #SP500
Our previous review of Fevertree expressed a particular dislike, their use of glass bottles denying us the ability to use their mixers as targets. It’s a grand-children thing, but we also mentioned, in passing, any weakness below 2450p would be a bad thing, demanding we revisit all our target levels. Our report, in November, took just a further two months before Fevertree stepped on a metaphorical garden rake.
Presently trading around 951p, there have been two price movements which justify quite a lot of concern, along with a strong potential of making us exceedingly unpopular with those trying to convince themselves Fevertree will bounce, any day now. Firstly, the share price was manipulated (gapped) below the ruling downtrend in January this year. We can only suspect the purpose of this move was the market changing its mind on the future. Needless to say, this was the day our 2450p trigger was broken.
Secondly, of greater concern, is the movement on July 15th (circled), where once again the market made a firm decision the ruling uptrend was toast, the chart inset confirming this quite nastily as the share has not been permitted to regain Red. From our perspective, this is a bad thing, allowing us to examine quite a few troubling calculations as we attempt to divine just where the market intends go with Fevertree.
An important caveat, worth remembering, is our policy of avoiding giving stupid headline grabbing numbers against shares, either for price gains or price reductions. Unfortunately, Fevertree share price movements tend lend themselves to utterly hysterical potentials, thanks in part for the price breaking below the 2020 Pandemic Low. This is always a miserable thing. The immediate situation is dire, suggesting weakness next below 800p shall kick open the chance of a visit to 425p and perhaps a bounce.
We’ve a massive “however”, thanks to our secondary target, should 425p fail. A series of quite separate calculations produce the potential of an ultimate bottom at 77p eventually. If it were just one calculation, we’d be extremely cautious but in the case of Fevertree, currently 4 different scenario all point at an eventual visit to a ridiculous looking 77p.
It can sometimes be the case when the market doesn’t appreciate how dangerous some price movements have been and for Fevertree, all that’s needed is one of the market pixies to discover an excuse to manipulate (gap) the share price above 1117p and it’s game on, the share expected to exhibit surprise recovery.
Unfortunately, for now, the share price is as dangerous as whatever the UK PM is doing in Ukraine, every few weeks. Apparently he’s now visited the country more than Scotland which is just a bit weird.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:32:40PM | BRENT | 101.08 | ‘cess | ||||||||
| 9:34:36PM | GOLD | 1752 | |||||||||
| 9:36:50PM | FTSE | 7473.72 | ‘cess | ||||||||
| 9:38:33PM | STOX50 | 3664 | |||||||||
| 9:41:47PM | GERMANY | 13205 | 13080 | 13045 | 12735 | 13220 | 13299 | 13332 | 13416 | 13162 | |
| 9:44:23PM | US500 | 4146 | 4116 | 4099 | 4074 | 4141 | 4159 | 4179 | 4204 | 4128 | |
| 9:47:29PM | DOW | 32978 | |||||||||
| 9:49:29PM | NASDAQ | 12934 | |||||||||
| 9:51:12PM | JAPAN | 28457 |
24/08/2022 FTSE Closed at 7471 points. Change of -0.23%. Total value traded through LSE was: £ 4,748,027,124 a change of -4.63%
23/08/2022 FTSE Closed at 7488 points. Change of -0.6%. Total value traded through LSE was: £ 4,978,434,617 a change of 0.1%
22/08/2022 FTSE Closed at 7533 points. Change of -0.23%. Total value traded through LSE was: £ 4,973,471,266 a change of -16.58%
19/08/2022 FTSE Closed at 7550 points. Change of 0.12%. Total value traded through LSE was: £ 5,961,629,196 a change of 29.52%
18/08/2022 FTSE Closed at 7541 points. Change of 0.35%. Total value traded through LSE was: £ 4,602,765,684 a change of 0.38%
17/08/2022 FTSE Closed at 7515 points. Change of -0.28%. Total value traded through LSE was: £ 4,585,359,451 a change of 5.45%
16/08/2022 FTSE Closed at 7536 points. Change of 0.36%. Total value traded through LSE was: £ 4,348,545,250 a change of 13.62%
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:AVCT Avacta** **LSE:BDEV Barrett Devs** **LSE:BT.A British Telecom** **LSE:CPI Capita** **LSE:GKP Gulf Keystone** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:IAG British Airways** **LSE:MKS Marks and Spencer** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SCLP Scancell** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **
********
Updated charts published on : Asos, Avacta, Barrett Devs, British Telecom, Capita, Gulf Keystone, Glencore Xstra, Hikma, British Airways, Marks and Spencer, Rockhopper, Rolls Royce, Scancell, Scottish Mortgage Investment Trust, Taylor Wimpey, Vodafone,
LSE:ASC Asos Close Mid-Price: 726.5 Percentage Change: -1.42% Day High: 749.5 Day Low: 720.5
Weakness on Asos below 720.5 will invariably lead to 670 next with second ……..
</p
View Previous Asos & Big Picture ***
LSE:AVCT Avacta. Close Mid-Price: 126.8 Percentage Change: + 9.31% Day High: 126 Day Low: 116
Continued trades against AVCT with a mid-price ABOVE 126 should improve t ……..
</p
View Previous Avacta & Big Picture ***
LSE:BDEV Barrett Devs Close Mid-Price: 435.7 Percentage Change: -1.74% Day High: 444.8 Day Low: 433.5
Target met. If Barrett Devs experiences continued weakness below 433.5, i ……..
</p
View Previous Barrett Devs & Big Picture ***
LSE:BT.A British Telecom Close Mid-Price: 153.7 Percentage Change: -2.16% Day High: 157.05 Day Low: 153.25
In the event British Telecom experiences weakness below 153.25 it calcula ……..
</p
View Previous British Telecom & Big Picture ***
LSE:CPI Capita Close Mid-Price: 24.44 Percentage Change: -3.48% Day High: 25.5 Day Low: 24.5
If Capita experiences continued weakness below 24.5, it will invariably l ……..
</p
View Previous Capita & Big Picture ***
LSE:GKP Gulf Keystone Close Mid-Price: 250.5 Percentage Change: -0.60% Day High: 259 Day Low: 246.5
Target met. In the event of Gulf Keystone enjoying further trades beyond ……..
</p
View Previous Gulf Keystone & Big Picture ***
LSE:GLEN Glencore Xstra Close Mid-Price: 497.7 Percentage Change: -1.64% Day High: 507.6 Day Low: 496.25
In the event of Glencore Xstra enjoying further trades beyond 507.6, the ……..
</p
View Previous Glencore Xstra & Big Picture ***
LSE:HIK Hikma. Close Mid-Price: 1370.5 Percentage Change: + 0.40% Day High: 1372.5 Day Low: 1343
Continued weakness against HIK taking the price below 1343 calculates as ……..
</p
View Previous Hikma & Big Picture ***
LSE:IAG British Airways. Close Mid-Price: 108.42 Percentage Change: + 1.40% Day High: 108.04 Day Low: 105.54
In the event British Airways experiences weakness below 105.54 it calcul ……..
</p
View Previous British Airways & Big Picture ***
LSE:MKS Marks and Spencer Close Mid-Price: 127.25 Percentage Change: -1.36% Day High: 129.7 Day Low: 125
If Marks and Spencer experiences continued weakness below 125, it will in ……..
</p
View Previous Marks and Spencer & Big Picture ***
LSE:RKH Rockhopper. Close Mid-Price: 15 Percentage Change: + 78.15% Day High: 20 Day Low: 8.78
It’s interesting we’d shown 20p as a “top” outlier target in the previous ……..
</p
View Previous Rockhopper & Big Picture ***
LSE:RR. Rolls Royce. Close Mid-Price: 80.31 Percentage Change: + 0.22% Day High: 80.31 Day Low: 78.73
Weakness on Rolls Royce below 78.73 will invariably lead to 68 with secon ……..
</p
View Previous Rolls Royce & Big Picture ***
LSE:SCLP Scancell Close Mid-Price: 11.75 Percentage Change: -1.05% Day High: 11.88 Day Low: 11.75
Continued weakness against SCLP taking the price below 11.75 calculates a ……..
</p
View Previous Scancell & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 827.6 Percentage Change: + 2.25% Day High: 825.8 Day Low: 795.6
In the event Scottish Mortgage Investment Trust experiences weakness belo ……..
</p
View Previous Scottish Mortgage Investment Trust & Big Picture ***
LSE:TW. Taylor Wimpey Close Mid-Price: 110.95 Percentage Change: -1.90% Day High: 113.3 Day Low: 109.35
If Taylor Wimpey experiences continued weakness below 109.35, it will inv ……..
</p
View Previous Taylor Wimpey & Big Picture ***
LSE:VOD Vodafone Close Mid-Price: 116.28 Percentage Change: -0.94% Day High: 117.34 Day Low: 115.68
Weakness on Vodafone below 115.68 will invariably lead to 110 with second ……..
</p
View Previous Vodafone & Big Picture ***