#CAC40 #Nasdaq As our ‘great nation’ crawls pitifully toward elections or referendum, it’s easy to remember we used to elect people who did stuff. A clear winner from the UK’s political incompetence has been polling companies, so we’re reviewing YouGov as their share price is reaching new highs.<\/p>\n\n\n\n
At present, YouGov is showing itself as a little problematical!<\/p>\n\n\n\n
The Big Picture had given a “maximum” target level of 622p and the share \nprice has come within such an ambition level, certainly in the range of a \n“margin for error” so beloved by their statistical people. Near term, there’s \nlittle doubt continued traffic above 611p should attain the 622p level anyway \nbut our puzzlement is due to a certain lack of market intervention at present. \nEssentially, if the market wished YouGov to exceed 622p we would expect the \nshare price to be manipulated upward at the open.<\/p>\n\n\n\n
Instead, the best witnessed during August were a couple of little nods \nupward, one by 3p and another by 4p. Neither movement is particularly \nsubstantial and makes us suspect, if 622p makes an appearance, we should expect \nsome volatility around such a level, if only to generate future impetus for \nanother rise. Above 622p and we can calculate a secondary, a very suspect 640p. \nWith the best will in the world, we cannot calculate higher.<\/p>\n\n\n\n
Of course, just because we run out of numbers does not mean a price cannot go \nhigher. Our arrogance has its limits but generally, the market would already be \nstretching a price’ potentials by gapping it up at the open.<\/p>\n\n\n\n
To indicate trouble ahead, YouGov needs trade below 539p, this risking \nreversal to an initial 506p. If broken, secondary is at 471p. For now, we \nsuspect it shall prove to be a short opportunity for a while, if 622p appears. \nVisually, it will make sense if the price bounces between 545 and just above 600 \nfor a while, at least until our wonderful leadership decide how firmly they wish \nto delay making another decision.<\/p>\n\n\n\n Time Issued<\/font><\/TD> Market<\/font><\/TD> Price At Issue<\/font><\/TD> Short Entry<\/font><\/TD> Fast Exit<\/font><\/TD> Slow Exit<\/font><\/TD> Stop<\/font><\/TD> Long Entry<\/font><\/TD> Fast Exit<\/font><\/TD> Slow Exit<\/font><\/TD> Stop<\/font><\/TD> ![\"\"\/](\"http:\/\/www.trendsandtargets.com\/img\/you040919.jpg\")
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