Babcock International

#SP500 #FTSE At the tail end of last year, we cheerfully warned of impending damage to the FTSE 100, if our fears of a rash of profit warnings come to fruition. #Babcock International stepped up to the crease last week, a profit warning giving a rather predictable 20% dive in the share price. It shouldn’t take a brain the size of a planet to figure out where the UK index shall head, if a rash of companies start issuing negative news at the same time. Thankfully, perhaps even amazingly, if behaviour of US banks (so far) this Earnings Season proves an accurate guide, we may face the unlikely situation of the UK banking sector proving strong against the background of a foul market.

 

The immediate situation for Babcock share price is far from encouraging. Last Fridays grotty news has now propelled the share price below an uptrend since 2004 with the immediate situation looking as bleak as UK mortality rates. To be blunt, in the case of Babcock, it almost feels like the share price intends return to levels of stability last enjoyed a painfully long time ago. Continued travel below 195p threatens to provoke a cycle down to an initial 132p with secondary, if broken, at a longer term 55p.

Usually with the sort of thing, we provide a caveat, suggesting nothing threatens this at present. This would be untrue in the case of Babcock International, their share price looking as watertight as one of Britain’s new aircraft carriers, an unfortunate situation for such a major defence contractor.

 

Thankfully, there’s a pretty well defined path for shares to escape such a miserable doom. Firstly, we need the share price to close a session above Red on the chart, signalling the market is aware of the risks and intends correct the damage. Currently, this demands the share price close a session above 206p with such a scenario presenting the first suggestion is was all a dreadful mistake.

Secondly, the share shall need broadcast some sort of signal “bottom is in”. In this instance, we’ll raise an eyebrow should it start trading intraday above 237p. This is liable to prove a good thing, allowing for initial recovery toward 260p. If bettered, things become a little vague but 342p calculates as possible. In reality, we shall prefer taking a further look at the tea leaves, if 260p makes an appearance.

 

For now, Babcock is pretty messy and hopefully able to receive faster repairs than the UK’s ‘world beating’ leaky boats.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:59:50PM BRENT 55.87 Success
10:14:38PM GOLD 1840.4
10:16:59PM FTSE 6733.04 6694 6651 6622 6744 6770 6793 6834 6722 Shambles
10:18:56PM FRANCE 5611 ‘cess
10:22:24PM GERMANY 13856 ‘cess
10:24:12PM US500 3800.47 3779 3747.5 3720 3805 3806 3812.5 3834 3779 Success
10:26:33PM DOW 30939 Success
10:29:11PM NASDAQ 13033 Success
10:30:55PM JAPAN 28732 Success

19/01/2021 FTSE Closed at 6712 points. Change of -0.12%. Total value traded through LSE was: £ 4,959,269,895 a change of 38.63%
18/01/2021 FTSE Closed at 6720 points. Change of -0.22%. Total value traded through LSE was: £ 3,577,371,289 a change of -38.17%
15/01/2021 FTSE Closed at 6735 points. Change of -0.97%. Total value traded through LSE was: £ 5,785,369,773 a change of -14.5%
14/01/2021 FTSE Closed at 6801 points. Change of 0.83%. Total value traded through LSE was: £ 6,766,545,186 a change of 14.83%
13/01/2021 FTSE Closed at 6745 points. Change of -0.13%. Total value traded through LSE was: £ 5,892,793,822 a change of 7.6%
12/01/2021 FTSE Closed at 6754 points. Change of -0.65%. Total value traded through LSE was: £ 5,476,413,320 a change of -2.69%
11/01/2021 FTSE Closed at 6798 points. Change of -1.09%. Total value traded through LSE was: £ 5,628,068,721 a change of -23.51%

Argo Blockchain Plc

#Gold #WallSt We’ve received a pile of emails regarding this share price, some from folk dazzled by the confluence of “Blockchain”, “Cryptocurrency”, “Mining” on the company website. We’re surprised they didn’t go the full hog and mention “Covid-19”, “DNA”, and perhaps “Alien Technology”. As usual, there’s a painful lack of concise explanation for just what “Blockchain” actually is, other than a buzz word capable of causing excitement.

 

Put simply, Blockchain is simply a way of transferring something from my computer to your computer but in a way which allows anonymity. The once popular website, “Pirate Bay”, facilitated a similar task with Movies, Music, Software, and Games. “Pirate Bay” stored nothing, other than a list of computer codes which led to the required data. Any computer would do, as long as it was connected to the internet. A user wanting the latest ‘Spice Girls’ release could browse Pirate Bay, then use Peer to Peer software to download whatever they were wise enough not to spend money on. The music (or whatever) would wing its way from the computer hosting the track to your own computer. It was anonymous with the network equally allowing other users to download anything permitted from your PC. The world DID NOT have access to your computer, only whatever folder or files you deemed as available.

Unfortunately, Internet Providers eventually got wise to this traffic and are easily able to spot “Torrent Downloads” on their network. As a result, it is apparently fashionable to issue a ‘3 Strikes and You’re Out’ warning to transgressors rather than threatening legal action. Needless to say, technology jumped ahead anyway with the result Pirate Bay is doubtless as popular as ever, users employing encryption with extremely simply VPN (Virtual Private Network) software. In this way, authorities cannot scan traffic to private computers and the internet can continue as normal. VPN software not only conceals traffic to and from private computers, it also obscures their address on the internet while allowing Peer to Peer traffic to continue unabated.

Obviously, if you are in the business of doing anything illegal, this methodology is ideal when trying to avoid scrutiny. We remain as cynical as ever, when viewing unregulated cryptocurrency along with the current buzzword, “Blockchain”.

 

We think we understand the reason for the quantity of emails over the last couple of sessions. Argo Blockchain share price is currently looking more nervous than a UK Govt Minister when someone mentions Covid and Death Rates. Presently trading around 90p, the share price need only slip below 85p to exhibit the potential of a reversal cycle to an initial 73p. If broken, our secondary calculation gives 48p as a potential bottom. We’d advocate extreme caution should 48p break as our ultimate bottom works out at 3p, turning recent Argo price movements into a spectacular ‘pump & dump’ exercise.

However, the share price doesn’t require a great effort to inject hope for the future. Above 97p calculates with an initial ambition of 107p with secondary, if exceeded, a longer term (or sometime in the next few minutes) 126p. Above 126p, things get quite interesting as we can present 149p as a future ambition, if things go nuts.

For now it’s time for another buzzword; “Fingers Crossed Time!”. From the point at which Argo closed Monday 18th, we fear reversal toward 48p lies ahead.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:59:38PM BRENT 54.8 ‘cess
11:01:48PM GOLD 1838.02 1826 1821.5 1815 1839 1841 1850 1866 1829
11:03:45PM FTSE 6732
11:23:22PM FRANCE 5632 Shambles
11:25:34PM GERMANY 13879
11:27:16PM US500 3777.52
11:28:48PM DOW 30871 30730 30705 30648 30829 30872 30919 30982 30801
11:31:04PM NASDAQ 12830
11:33:45PM JAPAN 28357

 

18/01/2021 FTSE Closed at 6720 points. Change of -0.22%. Total value traded through LSE was: £ 3,577,371,289 a change of -38.17%
15/01/2021 FTSE Closed at 6735 points. Change of -0.97%. Total value traded through LSE was: £ 5,785,369,773 a change of -14.5%
14/01/2021 FTSE Closed at 6801 points. Change of 0.83%. Total value traded through LSE was: £ 6,766,545,186 a change of 14.83%
13/01/2021 FTSE Closed at 6745 points. Change of -0.13%. Total value traded through LSE was: £ 5,892,793,822 a change of 7.6%
12/01/2021 FTSE Closed at 6754 points. Change of -0.65%. Total value traded through LSE was: £ 5,476,413,320 a change of -2.69%
11/01/2021 FTSE Closed at 6798 points. Change of -1.09%. Total value traded through LSE was: £ 5,628,068,721 a change of -23.51%
8/01/2021 FTSE Closed at 6873 points. Change of 0.25%. Total value traded through LSE was: £ 7,358,043,641 a change of -0.17%

Barclays Bank & Toilet Paper

#Brent #Dax It’s been 3 weeks since we last viewed Barclays and nothing has happened. Time’s a funny old thing, we’ve even got toilet paper dating back to March last year! As with many things, this turns out to be Nicola Sturgeons fault and we still refer to the two rolls under the sink as ‘Nicola’s Paper’, a warning sign the cupboard urgently needs replenished.

The toilet paper affair was quite funny. While everyone was panic buying the stuff, our household stuck to 2020’s Lockdown #1 rules and thanks to chemotherapy and no immune system, decided to take advantage of the emergency supplies from the Scottish Govt.

There was once a quite dreadful brand of ‘loo paper’ called Izal. The stuff came in flat packets, similar in size to current packs of moist cleaning wipes. The contents were anything but smooth, probably able to double as sandpaper if required. While it was ideal to fit military backpacks or perhaps old British Rail toilets, izal was a truly unpleasant product. Somehow, Nicola Sturgeons Govt managed to source toilet rolls of similar quality. It forced us to break Lockdown #1 and go shopping.

 

Similar to Nicola’s toilet roll, Barclays share price remains at the back of the cupboard, never forgotten and only a weapon of last resort…

Or is it?

 

This week, Goldman Sachs are due to announce their earnings for 2020. Following JP Morgans numbers recently, analysts are getting fairly bullish about Goldman Sachs and we’d hope this shall herald the start of an earnings season where even the retail banks may experience some relief to their dismal performance.

For instance, last month we provided criteria for Barclays giving an important target level of 161p. Unfortunately, the best achieved in the last three weeks has been a worrying 158p, making us suspect some weakness may be present. Ideally, the share price needs better 161p to give any real hope for the longer term, due to fairly realistic growth becoming difficult to avoid. Closure above 161p makes travel to an initial 189p with secondary calculating at a more encouraging longer term 228p very possible.

As always, there’s a fly in the ointment thanks to the Blue downtrend on the chart, a line which dates back to the simpler days of 2013 when we were all trying to forget the banking crash a few years earlier. Perhaps some folk will regard it as important, perhaps not. In current market conditions, conventional trend lines seem to lack importance and in any case, Barclays ended 2020 by breaking free from a bigger picture downtrend, one which dates back to 2007. Given price movements, it certainly appears the market was perfectly aware of this almost invisible trend line (see inset on chart).

The immediate situation is fairly benign, the price needing below 146p to suggest coming weakness to 141p. Only below 141p do things risk being problematic as it shall indicate the break from the trend has failed, risking the share again being trapped at the back of a cupboard with a secondary target level of 126p.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:58:45AM BRENT 54.87 54.76 54.5 53.54 55.2 55.8 56.125 56.63 55.3 ‘cess
11:00:15AM GOLD 1828
11:03:00AM FTSE 6697.21 ‘cess
11:47:59AM FRANCE 5599 Success
12:04:42PM GERMANY 13721 13689 13643 13478 13814 13949 13976.5 14079 13862 Success
12:07:07PM US500 3752 Success
12:09:13PM DOW 30737 Success
12:11:18PM NASDAQ 12769 ‘cess
12:13:24PM JAPAN 28229 Success

 

15/01/2021 FTSE Closed at 6735 points. Change of -0.97%. Total value traded through LSE was: £ 5,785,369,773 a change of -14.5%
14/01/2021 FTSE Closed at 6801 points. Change of 0.83%. Total value traded through LSE was: £ 6,766,545,186 a change of 14.83%
13/01/2021 FTSE Closed at 6745 points. Change of -0.13%. Total value traded through LSE was: £ 5,892,793,822 a change of 7.6%
12/01/2021 FTSE Closed at 6754 points. Change of -0.65%. Total value traded through LSE was: £ 5,476,413,320 a change of -2.69%
11/01/2021 FTSE Closed at 6798 points. Change of -1.09%. Total value traded through LSE was: £ 5,628,068,721 a change of -23.51%
8/01/2021 FTSE Closed at 6873 points. Change of 0.25%. Total value traded through LSE was: £ 7,358,043,641 a change of -0.17%
7/01/2021 FTSE Closed at 6856 points. Change of 0.22%. Total value traded through LSE was: £ 7,370,774,807 a change of -13.13%

FTSE for FRIDAY

#FTSE #Gold January has, thus far, proven fairly resilient with the FTSE despite plenty of reasons for contrary behaviour. We wonder how much of this can be attributed to a market achieving a series of ‘Higher Highs’ and breaking above a pretty firm downtrend? There generally comes a point in trading, when the strength of a trend becomes difficult to resist, creating scenario where a share price or index will move in a direction which defies logic.

In the case of the FTSE, there are some pretty impressive potentials currently showing and we’ve little choice but to anticipate the FTSE discovering a reason to move above 6,904 points and once again give sufficient reason for a further upswing. When a market is enjoying an uptrend, it’s pretty difficult to define the movement when the trend changes direction unless it’s one of these catastrophe falls, provoked by a major event. Our favourite method in this type of guessing game creates a series of contrary calculations and when these outlooks start to be fulfilled, we’re generally correct in believing a trend is changing. Unfortunately, this sort of thing will often involve giving trigger levels which shall be perceived as ‘miles away’ from the immediate market price.

 

For instance, the FTSE (trading around 6,790 at time of writing) needs fail below 6,689 to give the first indication the UK market may be slipping out of its uptrend. Weakness such as this permits reversal to an initial 6,627 points, along with a challenge of the immediate uptrend. Things become sharply dodgy, should 6,627 break as a further reversal cycle toward 6,378 is very possible.

Amazingly, London needs drop below 5,888 points to utterly confirm the upward break is ‘fake’, something visually unlikely. Unless perhaps we are greeted with front page news of Boris riding his bike through a sick children Covid-19 ward, wearing a Jimmy Saville t-shirt, Trump baseball cap and waving the EU flag. The current strength of the marketplace signals something seriously negative will be required to dissuade this FTSE from its climbing cycle.

 

The other side of this coin must examine what to anticipate, should the FTSE next manage above 6,904 points?

Apparently we should anticipate further market recovery toward an initial 7,049 points. If exceeded, our ‘longer term’ secondary (please remember our tenuous grasp of timeframes) calculates at 7,342, visually reaching the height of the FTSE before UK incompetence killed over 100,000 people.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:27:19PM BRENT 56.48 55.37 54.91 56.17 56.53 56.655 56.1 ‘cess
10:29:51PM GOLD 1846.75 1828 1808 1846 1858 1862.5 1843 Success
10:32:47PM FTSE 6801.54 6737 6705 6773 6811 6817.75 6786 ‘cess
10:34:51PM FRANCE 5672 5654 5643 5678 5686 5694.5 5660 ‘cess
10:37:31PM GERMANY 13975 13938 13913.5 14000 14028 14058.75 13939 ‘cess
10:39:27PM US500 3798.37 3784 3774 3814 3825 3833.5 3808 ‘cess
10:53:09PM DOW 31034.2 30987 30923.5 31076 31222 31312 31072 ‘cess
10:55:33PM NASDAQ 12921 12883 12819 12986 13039 13068.25 12940
10:57:15PM JAPAN 28817 28561 28486 28780 28975 29009.5 28787 Success

 

14/01/2021 FTSE Closed at 6801 points. Change of 0.83%. Total value traded through LSE was: £ 6,766,545,186 a change of 14.83%
13/01/2021 FTSE Closed at 6745 points. Change of -0.13%. Total value traded through LSE was: £ 5,892,793,822 a change of 7.6%
12/01/2021 FTSE Closed at 6754 points. Change of -0.65%. Total value traded through LSE was: £ 5,476,413,320 a change of -2.69%
11/01/2021 FTSE Closed at 6798 points. Change of -1.09%. Total value traded through LSE was: £ 5,628,068,721 a change of -23.51%
8/01/2021 FTSE Closed at 6873 points. Change of 0.25%. Total value traded through LSE was: £ 7,358,043,641 a change of -0.17%
7/01/2021 FTSE Closed at 6856 points. Change of 0.22%. Total value traded through LSE was: £ 7,370,774,807 a change of -13.13%
6/01/2021 FTSE Closed at 6841 points. Change of 3.46%. Total value traded through LSE was: £ 8,484,604,926 a change of 72.21%

Another look at Lloyds Bank

 #FTSE #DOWJONES Famously, Emperor Nero fiddled while Rome burned. Whereas, Boris went for a Bike Ride while England suffered. News of Britain recording the highest ever daily death count, taking the country to an unenviable 2nd worst in the world was a shock. Surprisingly, reports of UK fatalities being over 100,000 didn’t appear to panic the markets or futures but we’re interested in Lloyds share price, ‘cos it has effectively stopped moving again.

 

When we last reviewed Lloyds, we’d a demand the price exceed 41.5p to assure our software it was about to move. Unfortunately, this number has been entirely absent so far in 2020 and we are starting to wonder if it shall prove a forlorn hope. We’d suspected negative news would risk trashing Lloyds but thus far, Boris & Co’s successful efforts at producing a “World Beating Mortality Rate” has failed to shock the FTSE. In-house, we expect a seasoning of poor income level reports shall be required to spook the index.

For Lloyds, the immediate situation looks risky with movement below 34p risking triggering reversal to an initial 30p. If broken, our secondary calculates down at 26p and we’d hope for a bounce, yet again, if such a number makes an appearance.

The other side of the coin is slightly more encouraging, the share price now needing above 40p to trigger a (visually unlikely) movement toward an initial 43.7p with secondary, if exceeded, working out at a slightly more encouraging 50p. The chart confirms Lloyds is a mess but at least, our software isn’t really projecting a further crash, just a scenario where the share remains trapped between a rock and a hard place.

If it all intends go horribly wrong for Lloyds, our ‘ultimate bottom’, the level we cannot calculate below, comes in at 6p. At present, nothing looks capable of provoking this level. Aside from domestic news in the World Beating UK…

Hey, chart goes hereFUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:40:29PM BRENT 55.97 ‘cess
10:42:20PM GOLD 1845.54
10:44:42PM FTSE 6753 6733 6701 6617 6776 6773 6791 6815 6733
10:47:46PM FRANCE 5664
10:50:25PM GERMANY 13959
10:56:43PM US500 3816.32 Shambles
10:58:42PM DOW 31082 30973 30904 30821 31111 31167 31210 31289 31085
11:01:01PM NASDAQ 12990 Shambles
11:14:20PM JAPAN 28426 Success
13/01/2021 FTSE Closed at 6745 points. Change of -0.13%. Total value traded through LSE was: £ 5,892,793,822 a change of 7.6%
12/01/2021 FTSE Closed at 6754 points. Change of -0.65%. Total value traded through LSE was: £ 5,476,413,320 a change of -2.69%
11/01/2021 FTSE Closed at 6798 points. Change of -1.09%. Total value traded through LSE was: £ 5,628,068,721 a change of -23.51%
8/01/2021 FTSE Closed at 6873 points. Change of 0.25%. Total value traded through LSE was: £ 7,358,043,641 a change of -0.17%
7/01/2021 FTSE Closed at 6856 points. Change of 0.22%. Total value traded through LSE was: £ 7,370,774,807 a change of -13.13%
6/01/2021 FTSE Closed at 6841 points. Change of 3.46%. Total value traded through LSE was: £ 8,484,604,926 a change of 72.21%
5/01/2021 FTSE Closed at 6612 points. Change of -100%. Total value traded through LSE was: £ 4,926,938,806 a change of 0%

 

Compass Group Plc

#France #Nasdaq We never suspected Man Utd player, Marcus Rashford, would end up helping Compass Group with their income levels. Amazingly, his personal initiative for school meals gave a knock on effect. A subsidiary of Compass Plc, their education catering arm called #Chartwells, provoked a bin fire on Twitter and some wider media. Multiple photographs were shared illustrating just what the company provide for 10 days with a budget of £30. Some reports suggested it was £30 for 5 days but regardless, it seems an amazing profit opportunity.

Rather a few folk opted to visit their local Spar or Tesco to discover the real cost of the ‘Chartwells Child Hamper’, most agreeing the full retail value would be just over a £5. It’s truly amazing the new profit opportunities which appear, thanks to Covid-19 and children apparently starving, due to parents not working. We’re not sure if the paper bags of uncooked pasta shells are simply designed to be sucked… Definitely something which can be described as a “nice little earner!”.

Hey, chart goes here

Compass Plc are a seriously large concern, operating in 45 countries and employing over 1/2 million people. Presently trading around 1,405p, Compass certainly does not require much work to break free of the hiatus of recent months and perhaps Mr Rashfords efforts to feed hungry children nationwide shall assist. Somehow, we suspect this affair shall prove an unforeseen consequence, proof of the saying; ‘no good deed shall go unpunished’.

Share price movement next exceeding 1,475p should prove capable of a price lift to an initial 1,626p. If exceeded, our longer term secondary calculates at 1,970p and visually should challenge the pre-Covid high from February of this year. Only with closure above 1,970p dare we express true longer term ambition as a distant looking 2,569p becomes possible.

As always, there’s a ‘However’ and it emanates from the Covid-19 drop in March. The share price managed to dance lower than we would expect, reaching a pitiful 865p. This has created the unpleasant situation where weakness anytime now below 1,325 risks reversal to an initial 1,086p with secondary, when broken, at a bottom of 800p and hopefully a realistic rebound

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:30:05PM BRENT 56.78 Success
10:31:39PM GOLD 1855
10:33:32PM FTSE 6765.37
10:47:17PM FRANCE 5655 5619 5610.5 5588 5642 5672 5692.5 5717 5635 ‘cess
10:49:06PM GERMANY 13921 ‘cess
10:51:03PM US500 3800.02 ‘cess
10:53:24PM DOW 31076 ‘cess
10:55:15PM NASDAQ 12896 12841 12752.5 12626 12962 12972 13024 13108 12861 ‘cess
10:56:51PM JAPAN 28157

12/01/2021 FTSE Closed at 6754 points. Change of -0.65%. Total value traded through LSE was: £ 5,476,413,320 a change of -2.69%
11/01/2021 FTSE Closed at 6798 points. Change of -1.09%. Total value traded through LSE was: £ 5,628,068,721 a change of -23.51%
8/01/2021 FTSE Closed at 6873 points. Change of 0.25%. Total value traded through LSE was: £ 7,358,043,641 a change of -0.17%
7/01/2021 FTSE Closed at 6856 points. Change of 0.22%. Total value traded through LSE was: £ 7,370,774,807 a change of -13.13%
6/01/2021 FTSE Closed at 6841 points. Change of 3.46%. Total value traded through LSE was: £ 8,484,604,926 a change of 72.21%
5/01/2021 FTSE Closed at 6612 points. Change of -100%. Total value traded through LSE was: £ 4,926,938,806 a change of 0%
4/01/2021 FTSE Closed at 6571 points. Change of 0%. Total value traded through LSE was: £ 6,387,934,113 a change of 0%

Any Bright Sparks at Centrica?

#GOLD #SP500 A Google search for Centrica discovered they define themselves as an Electrical Services Company, a neat trick for the folk behind British Gas. As an international energy & services provider, they also proved inept with website design. Few things are more irritating than visiting a companies web presence and be faced with a survey asking “what do you think of us?”, before even getting the chance to view the usual corporate blurb.

It’s funny, one would suspect a company specialising in energy would experience a flourish to their share price during the cold months of winter. In the case of Centrica, this is rarely the case and we needed travel back 5 years before the share price experienced a cheerful first quarter. Maybe they are due a break in 2021 but so far, things tend reflect the lethargic motion of the FTSE rather than cold, long, nights requiring lots of electricity and gas for heating and lots of income for this multinational. Perhaps this year shall be different!

 

Presently trading around the 50p mark, the share needs above 54p to convince of happy days ahead. In such a scenario, we’re looking for recovery to an initial 58.5p with secondary, if exceeded, calculating at a longer term 73p. In the event of this triggering, visually the tightest stop looks like 40p.

The implications, should the 40p level break, are of coming weakness to an initial 31p, rather effectively matching the Covid drop from last year. Should 31p break, our final hope for a bounce resides at an ultimate bottom of 18p.

By most standards, Centrica share price dwells in a dangerous place currently but visually required little work to extract itself from the dark side.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:36:32PM BRENT 55.63
10:40:15PM GOLD 1842.7 1825 1817 1805 1852 1856 1867 1881 1843
10:42:30PM FTSE 6795
10:45:06PM FRANCE 5661 Success
10:47:32PM GERMANY 13936 Success
10:50:16PM US500 3800 3782 3776 3758 3812 3818 3839.5 3899 3782 ‘cess
10:53:00PM DOW 31028 Success
10:57:16PM NASDAQ 12927 Success

 

11/01/2021 FTSE Closed at 6798 points. Change of -1.09%. Total value traded through LSE was: £ 5,628,068,721 a change of -23.51%
8/01/2021 FTSE Closed at 6873 points. Change of 0.25%. Total value traded through LSE was: £ 7,358,043,641 a change of -0.17%
7/01/2021 FTSE Closed at 6856 points. Change of 0.22%. Total value traded through LSE was: £ 7,370,774,807 a change of -13.13%
6/01/2021 FTSE Closed at 6841 points. Change of 3.46%. Total value traded through LSE was: £ 8,484,604,926 a change of 72.21%
5/01/2021 FTSE Closed at 6612 points. Change of 0.62%. Total value traded through LSE was: £ 4,926,938,806 a change of -22.87%
4/01/2021 FTSE Closed at 6571 points. Change of -100%. Total value traded through LSE was: £ 6,387,934,113 a change of 0%
30/12/2020 FTSE Closed at 6555 points. Change of 0%. Total value traded through LSE was: £ 2,960,610,483 a change of 0%