#Gold #Stoxx50
The thankful demise of fragrant Nicola Sturgeon brought Fevertree to mind, a company certain to be affected by the poorly thought out bottle deposit scheme in Scotland. On paper, idea appears straightforward, ensuring virtually all drinks sold in Scotland experience a price increase of up to 27p, regardless of whether it’s a can of coke or a bottle of plonk. Essentially, if a drink is sold in a single use container, the purchase price shall include a 20p deposit, along with a fee to the state administrator who’s running the scheme. And of course, as this all happens to the retail price, the VAT folk will desire their pound of flesh.
It all sounds great, until a company like Fevertree come along.
They make their little glass bottles of mixers in England and unless they comply with Scottish legislation, their products risk being banned north of the border. Most folk in retail suspect it shall prove impossible to enforce the new rules on imported products, ensuring Scottish producers face a price disadvantage on supermarket shelves. Our home-grown Barrs Irn Bru could suddenly become quite overpriced, when compared to the cost of an inferior bottle of Fanta or Coke!
Now Nicola Sturgeon is about to exit the trough, hopefully this poorly thought out idea vanishes with her while the public reflect on a complete lack of achievement during her time as boss of Scotland. Maybe the current police investigation into missing funds shall become her legacy, unless whoever replaces her organises a proper investigation into the spectacularly failed attempt to frame Alex Salmond.
Visually, Fevertree share price is in a problematic situation. In July last year the market opted to gap the share price down below the uptrend since 2015. This is generally regarded as a bad thing but we cannot help wonder if the market suddenly appreciated the dangers of the forced downward nudge. Essentially, despite going over a trip wire, the share price has actually not fallen appreciably. Instead, it continues to tease, carefully mirroring the historic Red uptrend. It’s reversal potentials now exhibit a slight change as below 1019p currently looks capable of reversal to an initial 870p along with a chance of a bounce. However, should 870 break, our secondary (and hopeful bottom) now calculates at 446p.
Overall, the share is trading in a zone, where an ultimate bottom, the point below which we cannot calculate, works out at 77p.
Our converse scenario, in case the market wakes up one morning and decides it has all been a dreadful mistake, suggests above 1160p should make an attempt for an initial 1371p with secondary, if bettered, at 1584p and a need to revisit future calculations.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:31:08PM | BRENT | 85.05 | ‘cess | ||||||||
| 10:34:03PM | GOLD | 1838.04 | 1831 | 1828 | 1814 | 1840 | 1848 | 1853 | 1861 | 1833 | Success |
| 10:36:01PM | FTSE | 8022.57 | ‘cess | ||||||||
| 10:39:18PM | STOX50 | 4304.6 | 4256 | 4238 | 4216 | 4280 | 4305 | 4320 | 4369 | 4277 | ‘cess |
| 10:41:28PM | GERMANY | 15570.81 | ‘cess | ||||||||
| 10:47:34PM | US500 | 4151.44 | Shambles | ||||||||
| 10:49:54PM | DOW | 34100 | |||||||||
| 10:56:18PM | NASDAQ | 12698 | |||||||||
| 10:58:48PM | JAPAN | 27633 |
15/02/2023 FTSE Closed at 7997 points. Change of 0.55%. Total value traded through LSE was: £ 5,450,342,646 a change of -0.23%
14/02/2023 FTSE Closed at 7953 points. Change of 0.08%. Total value traded through LSE was: £ 5,463,158,317 a change of 17.15%
13/02/2023 FTSE Closed at 7947 points. Change of 0.82%. Total value traded through LSE was: £ 4,663,265,889 a change of -40.31%
11/02/2023 FTSE Closed at 7882 points. Change of 0%. Total value traded through LSE was: £ 7,812,457,009 a change of 15.14%
10/02/2023 FTSE Closed at 7882 points. Change of -0.37%. Total value traded through LSE was: £ 6,785,335,053 a change of -4.85%
9/02/2023 FTSE Closed at 7911 points. Change of 0.33%. Total value traded through LSE was: £ 7,130,980,933 a change of 23.74%
8/02/2023 FTSE Closed at 7885 points. Change of 0.27%. Total value traded through LSE was: £ 5,763,001,863 a change of -1.93%
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:AML Aston Martin** **LSE:ASC Asos** **LSE:BARC Barclays** **LSE:EME Empyrean** **LSE:EMG MAN** **LSE:FRES Fresnillo** **LSE:HL. Hargreaves Lansdown** **LSE:OPG OPG Power Ventures** **LSE:TRN The Trainline** **
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Updated charts published on : Aston Martin, Asos, Barclays, Empyrean, MAN, Fresnillo, Hargreaves Lansdown, OPG Power Ventures, The Trainline,
LSE:AML Aston Martin Close Mid-Price: 197.65 Percentage Change: -0.18% Day High: 207.3 Day Low: 192.75
In the event of Aston Martin enjoying further trades beyond 207.3, the sh ……..
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LSE:ASC Asos. Close Mid-Price: 830.5 Percentage Change: + 1.53% Day High: 832.5 Day Low: 806.5
Continued weakness against ASC taking the price below 806.5 calculates as ……..
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View Previous Asos & Big Picture ***
LSE:BARC Barclays Close Mid-Price: 172.6 Percentage Change: -7.86% Day High: 176.98 Day Low: 167.58
Target met. In the event Barclays experiences weakness below 167.58 it ca ……..
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View Previous Barclays & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 1.3 Percentage Change: -7.14% Day High: 1.3 Day Low: 1.26
This remains a complex waste of time, now needing above 1.5 to suggest mov ……..
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View Previous Empyrean & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 256.4 Percentage Change: + 0.35% Day High: 263.1 Day Low: 254.5
All MAN needs are mid-price trades ABOVE 263.1 to improve acceleration to ……..
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View Previous MAN & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 789 Percentage Change: -0.58% Day High: 793.8 Day Low: 774.6
Target met. In the event Fresnillo experiences weakness below 774.6 it ca ……..
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View Previous Fresnillo & Big Picture ***
LSE:HL. Hargreaves Lansdown Close Mid-Price: 883.6 Percentage Change: -6.77% Day High: 1023.5 Day Low: 855
Continued trades against HL. with a mid-price ABOVE 1023.5 should improve ……..
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LSE:OPG OPG Power Ventures. Close Mid-Price: 7.45 Percentage Change: + 9.56% Day High: 7.45 Day Low: 6.75
In the event of OPG Power Ventures enjoying further trades beyond 7.45, t ……..
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View Previous OPG Power Ventures & Big Picture ***
LSE:TRN The Trainline Close Mid-Price: 255 Percentage Change: -2.45% Day High: 259.4 Day Low: 253.8
Continued weakness against TRN taking the price below 253.8 calculates as ……..
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View Previous The Trainline & Big Picture ***