#FTSE #Stoxx
The Hut Group, with a share price popularity reminiscent of approval ratings for UK politicians, is currently trading in a region where, from a Big Picture perspective, we cannot calculate a logical bottom. Online retailers continue to enjoy a bit of a hammering, almost as if investors completely forgot about the possibility of the pandemic ending. Now, of course, it’s the threat of international recession, along with rising interest rates dampening consumer spending which is being blamed for the share price decline.
This weeks little tranche of bad news for THG came from a story one of their insurers are reducing supplier cover – insurance used to protect suppliers against the potential of a retailer going broke between the point of receiving goods and paying suppliers. However, more positively, the reduction in insurance cover is described as modest, in line with similar reductions being made against other online retailers. On the basis insurance companies know a thing or two, we’re opting to search for early warning signs which shall point to share price recovery for THG. But we’d be remiss, if we didn’t take the chance to supply a little more misery first.
The immediate situation calculates with the potential, should 50p now break, of reversal to an initial 39p with secondary, if broken, at 14p. But from a Big Picture perspective, remember we cannot calculate a bottom. We’re working on the period since June this year, when the market opted to gap the share price below our “ultimate bottom” of 98p (circled).
If we opt to dip into the realms of optimism – it is Xmas! – a closing price above 59p should now prove capable of triggering price recovery to an initial 75p. Visually, the implies a challenge of the immediate Blue downtrend and, if exceeded, our longer term secondary works out at an impressive 127p. Our immediate suspicion is THG shall prove worth keeping an eye on.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:35:40PM | BRENT | 80.21 | |||||||||
| 10:38:07PM | GOLD | 1817.7 | Success | ||||||||
| 10:39:58PM | FTSE | 7382.09 | 7346 | 7338 | 7320 | 7383 | 7393 | 7408 | 7446 | 7353 | |
| 10:41:50PM | STOX50 | 3915.2 | 3792 | 3784 | 3772 | 3820 | 3820 | 3843 | 3875 | 3792 | |
| 10:43:34PM | GERMANY | 13939.31 | |||||||||
| 10:45:42PM | US500 | 3827.67 | |||||||||
| 10:48:08PM | DOW | 32919 | |||||||||
| 10:50:03PM | NASDAQ | 11098 | |||||||||
| 10:52:55PM | JAPAN | 26388 | Success |
20/12/2022 FTSE Closed at 7370 points. Change of 0.12%. Total value traded through LSE was: £ 5,857,237,056 a change of 57.46%
19/12/2022 FTSE Closed at 7361 points. Change of 0.4%. Total value traded through LSE was: £ 3,719,802,637 a change of -70.94%
16/12/2022 FTSE Closed at 7332 points. Change of -1.27%. Total value traded through LSE was: £ 12,798,409,041 a change of 152.21%
15/12/2022 FTSE Closed at 7426 points. Change of -0.92%. Total value traded through LSE was: £ 5,074,557,667 a change of -3.77%
14/12/2022 FTSE Closed at 7495 points. Change of -0.09%. Total value traded through LSE was: £ 5,273,114,917 a change of -15.16%
13/12/2022 FTSE Closed at 7502 points. Change of 0.77%. Total value traded through LSE was: £ 6,215,222,839 a change of 28.4%
12/12/2022 FTSE Closed at 7445 points. Change of -0.41%. Total value traded through LSE was: £ 4,840,427,704 a change of -2.03%
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:CCL Carnival** **LSE:DARK Darktrace Plc** **LSE:EZJ EasyJet** **LSE:IGAS Igas Energy** **LSE:IPF International Personal Finance** **LSE:STAN Standard Chartered** **LSE:TRN The Trainline** **
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Updated charts published on : Carnival, Darktrace Plc, EasyJet, Igas Energy, International Personal Finance, Standard Chartered, The Trainline,
LSE:CCL Carnival. Close Mid-Price: 587.6 Percentage Change: + 0.10% Day High: 595.8 Day Low: 567.2
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LSE:EZJ EasyJet Close Mid-Price: 338.9 Percentage Change: -2.33% Day High: 343.7 Day Low: 338.2
In the event EasyJet experiences weakness below 338, it calculates with a ……..
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LSE:IGAS Igas Energy Close Mid-Price: 16.15 Percentage Change: -5.28% Day High: 17.6 Day Low: 15.6
Continued weakness against IGAS taking the price below 15.6 calculates as ……..
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LSE:IPF International Personal Finance Close Mid-Price: 66 Percentage Change: -4.76% Day High: 70.1 Day Low: 64.8
Continued weakness against IPF taking the price below 64 calculates as lea ……..
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LSE:STAN Standard Chartered. Close Mid-Price: 621.2 Percentage Change: + 0.65% Day High: 623.8 Day Low: 612.2
All Standard Chartered needs are mid-price trades ^ABOVE 624 to improve ac ……..
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LSE:TRN The Trainline Close Mid-Price: 263.3 Percentage Change: -2.37% Day High: 270.2 Day Low: 261.7
If The Trainline experiences continued weakness below 261, it will invaria ……..
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