#Nasdaq #CAC40 Our report last Sept on the Scottish soft drink manufacturer (link here), proved rather successful, despite them gaining notoriety due to reduced sugar content of their staple product. In fact, the share price has proved capable of ridiculing the doomsayers. Even today, the tweet below appeared from some amiable fanatic who’d stockpiled a supply!
When we last reviewed A G Barr, we’d postulated 867p as a viable long term target and this ambition was achieved – and significantly bettered – during last month. The situation now is mildly interesting with movement now above 980 suggesting some continued growth toward 1027p next. If bettered, secondary is a longer term 1092p. Of course, we’ve got a “however”.
Our prior prediction of 867p has been exceeded but from a Big Picture viewpoint, it was a pretty major target level and one we’d expect some volatility around. Rather curiously, only now does it appear some collywobbles are appearing as below 906p is expected to enter slight reversal down to 860p next. We would expect a rebound at 860p, if only due to the market viewing the share price as “back-testing” (a nonsense term) the prior target level. Should 860p break, then we can calculate our secondary at 810p and visually, this is a point where it really must fizz a bit.
For now, we suspect some reversals are coming today the 860p, prior to another stab upward. Quite oddly, this is still showing a longer term aspiration up at 1377, an ambition which has remained valid since the price was in the 5 pound range!
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
10:34:39PM |
BRENT |
61.74 |
‘cess | ||||||||
10:36:57PM |
GOLD |
1347.25 |
Success | ||||||||
10:39:27PM |
FTSE |
7449.98 |
Success | ||||||||
10:42:59PM |
FRANCE |
5507.2 |
5437 |
5407 |
5363 |
5493 |
5510 |
5525.5 |
5579 |
5438 |
Success |
10:44:14PM |
GERMANY |
12344.24 |
Success | ||||||||
10:46:27PM |
US500 |
2921.07 |
Success | ||||||||
10:49:25PM |
DOW |
26493.7 |
Success | ||||||||
10:51:34PM |
NASDAQ |
7643.37 |
7508 |
7499.5 |
7436 |
7617 |
7691 |
7736 |
7782 |
7563 |
Success |
10:54:57PM |
JAPAN |
21244 |
Success |