Something appears to be going wrong with 888’s share price, an unfortunate turn of events for a company choosing to name themselves after a number regarded as important in numerology, promising prosperity, etc etc. By all means, do some research but it’s a very, very, deep rabbit hole. The company share price plunged, their CEO resigning, words like Money Laundering and Legal Probe now bandied around, along with a 27% drop in the share price value.
The visuals suggest this particular horror story in the betting industry may have some distance to run as the future looks far from certain. Currently, the situation exists which suggests travel below 72p has high odds of reaching 58p next and hopefully, some sort of bounce. At time of writing, the share is trading around 75p, so it doesn’t need drop far to trigger the next potential calamity. It’s what happens below the 56p level which gives greater concern.
In the event 56p breaks – and it’s perhaps a good idea to wait for closure below 56p – our Big Picture report calculates the prospect of a race downhill to an eventual ultimate bottom of just 11p.
If the share price intends buck the odds and make an attempt to flee the course, it currently needs trade above 83p to allegedly trigger recovery to an initial 88.5p. If exceeded, our secondary calculation comes in at 105p, along with a verbose apology from the market for getting things wrong and overcooking the price drop. We are inclined to suggest NOT holding your breath, if hoping for this secondary movement.
|Time Issued||Market||Price At Issue||Short Entry||Fast Exit||Slow Exit||Stop||Long Entry||Fast Exit||Slow Exit||Stop||Prior|
30/01/2023 FTSE Closed at 7784 points. Change of 0.24%. Total value traded through LSE was: £ 5,541,404,266 a change of 12.58%
27/01/2023 FTSE Closed at 7765 points. Change of 0.05%. Total value traded through LSE was: £ 4,922,369,454 a change of -13.06%
26/01/2023 FTSE Closed at 7761 points. Change of 0.22%. Total value traded through LSE was: £ 5,661,516,595 a change of 15%
25/01/2023 FTSE Closed at 7744 points. Change of -0.17%. Total value traded through LSE was: £ 4,923,070,732 a change of -10.83%
24/01/2023 FTSE Closed at 7757 points. Change of -0.09%. Total value traded through LSE was: £ 5,520,852,512 a change of 27.06%
23/01/2023 FTSE Closed at 7764 points. Change of -0.08%. Total value traded through LSE was: £ 4,345,074,257 a change of -16.34%
20/01/2023 FTSE Closed at 7770 points. Change of 0.3%. Total value traded through LSE was: £ 5,193,532,558 a change of -8.71%
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 firstname.lastname@example.org. 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:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:DARK Darktrace Plc** **LSE:LLOY Lloyds Grp.** **LSE:MMAG Music Magpie** **LSE:SBRY Sainsbury** **LSE:TERN Tern Plc** **
Updated charts published on : Asos, Barclays, BALFOUR BEATTY, Darktrace Plc, Lloyds Grp., Music Magpie, Sainsbury, Tern Plc,
LSE:ASC Asos. Close Mid-Price: 875 Percentage Change: + 7.96% Day High: 881.5 Day Low: 795
Target met. In the event of Asos enjoying further trades beyond 881.5, th ……..
LSE:BARC Barclays. Close Mid-Price: 186.66 Percentage Change: + 0.47% Day High: 186.76 Day Low: 183.14
Further movement against Barclays ABOVE 186.76 should improve acceleratio ……..
LSE:BBY BALFOUR BEATTY Close Mid-Price: 368 Percentage Change: -0.86% Day High: 374 Day Low: 365
In the event of BALFOUR BEATTY enjoying further trades beyond 374, the sh ……..
LSE:DARK Darktrace Plc Close Mid-Price: 220 Percentage Change: -12.63% Day High: 247.3 Day Low: 206
If Darktrace Plc experiences continued weakness below 206, it will invari ……..
LSE:LLOY Lloyds Grp.. Close Mid-Price: 52.98 Percentage Change: + 0.74% Day High: 53.07 Day Low: 52
Continued trades against LLOY with a mid-price ABOVE 53.07 should improve ……..
LSE:MMAG Music Magpie. Close Mid-Price: 44.6 Percentage Change: + 6.19% Day High: 45.5 Day Low: 42.3
Further movement against Music Magpie ABOVE 45.5 should improve accelerat ……..
LSE:SBRY Sainsbury. Close Mid-Price: 262.8 Percentage Change: + 4.08% Day High: 261.8 Day Low: 252
Target met. In the event of Sainsbury enjoying further trades beyond 261. ……..
LSE:TERN Tern Plc. Close Mid-Price: 7.75 Percentage Change: + 2.79% Day High: 7.75 Day Low: 6.93
Target met. Continued weakness against TERN taking the price below 6.93 c ……..
*** End of “Updated Today” comments on shares.
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