{"id":1108,"date":"2019-07-30T22:36:55","date_gmt":"2019-07-30T21:36:55","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1108"},"modified":"2019-07-31T08:32:45","modified_gmt":"2019-07-31T07:32:45","slug":"centrica-for-31-07-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/07\/30\/centrica-for-31-07-2019\/","title":{"rendered":"Centrica for 31\/07\/2019"},"content":{"rendered":"\n

#SP500 #Japan <\/strong>When we last covered this potential disaster (and dodgy chart pattern) in May (link here<\/a>), nerves were expressed regarding the share price future. A hopeful bottom of 82p had been designated as important, essentially as further drop potentials were really quite messy. In fact, 28p and less were mentioned as further drop targets!<\/p>\n\n\n\n

Without a doubt, things have now gotten messy with the \nloss of their Chief Executive, a large pre-tax loss, and reportedly large \nnumbers of customers unplugging from the company. Thankfully, their CEO was \nawarded a 44% pay rise in the last year, an award which will doubtless work \nwonders for staff moral within a company frantically attempting to put a \npositive spin on a pretty rotten day on the markets.<\/p>\n\n\n\n

The situation now is dangerous but we are able to offer \na slight glimmer of hope. The immediate situation suggests ongoing weakness \nbelow 73p should find its way to 63p next and hopefully, exhibit a bounce. Once \nagain, we advocate extreme caution of 63p breaks as any bounce is liable to be \nshort lived. Instead, there is the potentials for freefall down to a bottom \n(hopefully) at 28p.<\/p>\n\n\n\n

In our opening paragraph, we mentioned a “Dodgy Chart \nPattern”, something easily missed as it covers the period since 2003. The chart \nbelow shows the price has experienced a painfully clear Double Top from 2003 to \n2015. Some people swear by this sort of thing, most people swear at this sort of \nthing but there is always the risk of Pattern Believers creating a self \nfulfilling prophecy. In the case of Centrica, it calculates with “Ultimate \nBottom” down at 12p. We suspect most folk will be happy to fill up with Centrica \nshares if it ever actually achieved such a ridiculous number but, in the grand \nscheme of things, our own potential of 28p is pretty blooming close.<\/p>\n\n\n\n

To get out of this mess, Centrica needs exceed 108p at \npresent.<\/p>\n\n\n\n

\"\"\/


 <\/a> <\/figcaption><\/figure>\n\n\n\n<\/p>\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

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Long Entry<\/font><\/TD>

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Fast Exit<\/font><\/TD>

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Slow Exit<\/font><\/TD>

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Stop<\/font><\/TD>

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Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

9:48:50PM<\/font><\/TD>

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BRENT<\/font><\/TD>

\n\t

64.93<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

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9:50:57PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1431.01<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

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9:52:55PM<\/font><\/TD>

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FTSE<\/font><\/TD>

\n\t

7650.76<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

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9:56:15PM<\/font><\/TD>

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FRANCE<\/font><\/TD>

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5499.7<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

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10:04:17PM<\/font><\/TD>

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GERMANY<\/font><\/TD>

\n\t

12130<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:05:46PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

3014.07<\/font><\/TD>

\n\t

3000<\/font><\/TD>

\n\t

2996.5<\/font><\/TD>

\n\t

2986<\/font><\/TD>

\n\t

3014<\/font><\/TD>

\n\t

3017<\/font><\/TD>

\n\t

3022.5<\/font><\/TD>

\n\t

3030<\/font><\/TD>

\n\t

3006<\/font><\/TD>

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Success<\/font><\/TD> <\/TR>\n

\n\t

10:12:17PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

27229.8<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:19:02PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7976<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:20:49PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21509<\/font><\/TD>

\n\t

21476<\/font><\/TD>

\n\t

21457.5<\/font><\/TD>

\n\t

21350<\/font><\/TD>

\n\t

21535<\/font><\/TD>

\n\t

21609<\/font><\/TD>

\n\t

21643<\/font><\/TD>

\n\t

21702<\/font><\/TD>

\n\t

21542<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

30\/07\/2019 FTSE Closed at 7646 points. Change of -0.52%. Total value traded through LSE was: \u00a3 5,897,611,362 a change of 3.5%<\/h>\n","protected":false},"excerpt":{"rendered":"

#SP500 #Japan When we last covered this potential disaster (and dodgy chart pattern) in May (link here), nerves were expressed regarding the share price future. A hopeful bottom of 82p had been designated as important, essentially as further drop potentials were really quite messy. In fact, 28p and less were mentioned as further drop targets! … <\/p>\n

Continue reading “Centrica for 31\/07\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1108","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1108"}],"version-history":[{"count":2,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1108\/revisions"}],"predecessor-version":[{"id":1110,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1108\/revisions\/1110"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1108"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}