Frasers Group Plc (LSE:FRAS) and a dusting of optimism

#Gold #Nasdaq A few retailers enjoy a share price trading solidly above its pre-pandemic level with Fraser Group pretty much leading the field. Mr Ashley appears to have discovered the sweet spot between online stores and the correct balance of real stores, their share price now showing some interesting potentials. Currently, the media are reporting extensively on their proposed £80m share buyback. It will surely be the case, as shares from the latest buyback are cancelled, any reduction in the number of shares in issue shall surely – in itself – add pressure to the price for further increases in value.

Currently trading around 822p, at first glance the chart doesn’t exactly set pulses raising, bouncing around a quid above and below the 800p level since the start of 2023. In fact, you don’t need squint terribly hard to also attribute the start of 2022 as the year where the 800p trap was developed. Without doubt, a flat trend line at 800p has formed with every time the share price grew above it by x, the months thereafter saw the value drop below the 800p level by almost exactly -x. The behaviour has certainly been strange but we’re inclined to some hope from our analysis of a year ago. We’d given an upper target of 900p, an ambition Frasers did briefly exceed with the added potential of closing a few sessions above the 900p level. This certainly gives optimism from a Big Picture perspective.


The situation now calculates with the potential of movement above 824p hopefully triggering price recovery to an initial 859p with our longer term secondary, if exceeded, working out at 934p and a challenge against the Blue downtrend on the chart below. Our Big Picture potentials should crank open a sleepy eyelid, should the share price ever manage to close above 934p as we’d expect a cycle to commence toward an initial 961p, probably game changing, as our Big Picture secondary calculates at 1142p and a new all time high.


As always, we’ve a “however” we can dust down, though we rather doubt it. The share price needs decline below 778p to ring alarm bells, risking triggering share reversals to an initial 639p with secondary, if broken, at 578p and hopefully a rebound. The implications below such a level risk being seriously messy.



Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:26:08PM BRENT 8182.5
9:30:03PM GOLD 2019.71 2012 2003 1989 2022 2028 2033 2040 2018 ‘cess
9:32:16PM FTSE 7576.5
9:36:02PM STOX50 4723.5 Shambles
9:42:38PM GERMANY 16987 ‘cess
9:45:03PM US500 5015.7
9:48:55PM DOW 38776 ‘cess
9:53:35PM NASDAQ 17841.2 17835 17762 17668 17908 17911 17928 17959 17860 Shambles
9:57:39PM JAPAN 37431 Success


12/02/2024 FTSE Closed at 7573 points. Change of 0.01%. Total value traded through LSE was: £ 4,767,866,668 a change of -14.99%
9/02/2024 FTSE Closed at 7572 points. Change of -0.3%. Total value traded through LSE was: £ 5,608,670,910 a change of 3.17%
8/02/2024 FTSE Closed at 7595 points. Change of -0.43%. Total value traded through LSE was: £ 5,436,383,411 a change of -4.43%
7/02/2024 FTSE Closed at 7628 points. Change of -0.69%. Total value traded through LSE was: £ 5,688,534,403 a change of 1.67%
6/02/2024 FTSE Closed at 7681 points. Change of 0.91%. Total value traded through LSE was: £ 5,595,046,133 a change of -6.77%
5/02/2024 FTSE Closed at 7612 points. Change of -0.04%. Total value traded through LSE was: £ 6,001,091,520 a change of -6.39%
4/02/2024 FTSE Closed at 7615 points. Change of 0%. Total value traded through LSE was: £ 6,410,714,874 a change of 39.22%

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

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.

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Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BT.A British Telecom** **LSE:EXPN Experian** **LSE:GRG Greggs** **LSE:IHG Intercontinental Hotels Group** **LSE:VOD Vodafone** **


Updated charts published on : Avacta, Astrazeneca, British Telecom, Experian, Greggs, Intercontinental Hotels Group, Vodafone,

LSE:AVCT Avacta Close Mid-Price: 98 Percentage Change: -2.00% Day High: 99.5 Day Low: 96.5

Target met. Continued weakness against AVCT taking the price below 96.5 c ……..

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View Previous Avacta & Big Picture ***

LSE:AZN Astrazeneca Close Mid-Price: 9501 Percentage Change: -2.66% Day High: 9734 Day Low: 9461

Target met. In the event Astrazeneca experiences weakness below 9461 it c ……..

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View Previous Astrazeneca & Big Picture ***

LSE:BT.A British Telecom Close Mid-Price: 104.5 Percentage Change: -0.43% Day High: 105.6 Day Low: 101.7

Target met. If British Telecom experiences continued weakness below 101.7 ……..

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LSE:EXPN Experian. Close Mid-Price: 3380 Percentage Change: + 0.66% Day High: 3394 Day Low: 3366

Further movement against Experian ABOVE 3394 should improve acceleration ……..

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View Previous Experian & Big Picture ***

LSE:GRG Greggs. Close Mid-Price: 2726 Percentage Change: + 0.89% Day High: 2738 Day Low: 2708

All Greggs needs are mid-price trades ABOVE 2738 to improve acceleration ……..

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LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 7734 Percentage Change: + 0.78% Day High: 7756 Day Low: 7664

Further movement against Intercontinental Hotels Group ABOVE 7756 should ……..

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View Previous Intercontinental Hotels Group & Big Picture ***

LSE:VOD Vodafone. Close Mid-Price: 64.25 Percentage Change: + 2.03% Day High: 63.85 Day Low: 62.71

Weakness on Vodafone below 62.71 will invariably lead to 60p with seconda ……..

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View Previous Vodafone & Big Picture ***

*** End of “Updated Today” comments on shares

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