{"id":1559,"date":"2020-02-03T22:44:46","date_gmt":"2020-02-03T22:44:46","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1559"},"modified":"2020-02-04T09:17:21","modified_gmt":"2020-02-04T09:17:21","slug":"morrison-supermarkets-plc-4-02-2020","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2020\/02\/03\/morrison-supermarkets-plc-4-02-2020\/","title":{"rendered":"Morrison Supermarkets PLC 4\/02\/2020"},"content":{"rendered":"\n

#Gold #Nasdaq <\/strong>It’s always easy to be scathing about supermarkets, purveyors of dreadful shopping environments, early adopters of robots to replace humans (unmanned checkouts). But #Morrisons managed redeem themselves to the writer by selling something thought to be gone forever. Was it a Marathon Bar?<\/p>\n\n\n\n

Since diagnosis with Coeliac Disease \nback in 2004, simple things like Croissants vanished from the diet. Eating \nhabits which had previously been in full colour immediate changed to shades of \ngrey. In the years since, ‘gluten’ has become an issue, suddenly bringing things \nlike Nan Bread back to the table. Innocently appearing in the “Gluten Free” \nsection of our local Morrisons, packets of 2 Croissant looked appealing and \ndemanded their purchase.<\/p>\n\n\n\n

The sheer joy of watching the FTSE \nopen on Monday, armed with a Latte and 2 hot Croissant, prompted an effort to be \ngenerous with a review of Morrison’ share price. If they could give me something \nmissed for 16 years, the least I can do is propose some good news for their \nshares. <\/p>\n\n\n\n

Despite making the effort to sound \nencouraging, the reality is less than encouraging, a bit like Warbitons Gluten \nFree Bread, looking great but packed with other allergens. <\/p>\n\n\n\n

The immediate situation for Morrison \nis dodgy, looking very like weakness now below 180p shall bring reversal to an \ninitial 175p. If (or rather, when) broken, it should bottom and hopefully bounce \nat 165p. It’s the 165p level where extreme care needs taken. This will represent \nthe share price achieving a new “lower low”, breaking the uptrend since 2015 and \nin the process, taking the price below the lowest part of that particular cycle.<\/p>\n\n\n\n

If, on the initial surge down to \n165p, the price manages below such a level, any bounce risks being short lived \nas the ruling expectation becomes 140p. At this level, we’d hope for a real \nrebound. Even visually, given the match with the low of 2015, it will make sense \nto anticipate a recoil if 140p makes itself known.<\/p>\n\n\n\n

To escape this toxic mess, Morrison \nprice needs exceed 197p currently, entering a zone where an initial 210 makes \nsense with secondary, if bettered, a very promising 228p.<\/p>\n\n\n\n

\"Hey,<\/figure>\n\n\n\n\"Hey,<\/p>\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>

\n\t

Long Entry<\/font><\/td>

\n\t

Fast Exit<\/font><\/td>

\n\t

Slow Exit<\/font><\/td>

\n\t

Stop<\/font><\/td>

\n\t

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

\n\t

10:02:59PM<\/font><\/td>

\n\t

BRENT<\/font><\/td>

\n\t

54.12<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

<\/td> <\/TR>\n

\n\t

10:04:53PM<\/font><\/td>

\n\t

GOLD<\/font><\/td>

\n\t

1577.07<\/font><\/td>

\n\t

1569<\/font><\/td>

\n\t

1567<\/font><\/td>

\n\t

1562<\/font><\/td>

\n\t

1579<\/font><\/td>

\n\t

1581<\/font><\/td>

\n\t

1584.5<\/font><\/td>

\n\t

1590<\/font><\/td>

\n\t

1573<\/font><\/td>

\n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:07:05PM<\/font><\/td>

\n\t

FTSE<\/font><\/td>

\n\t

7327.96<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

<\/td> <\/TR>\n

\n\t

10:08:58PM<\/font><\/td>

\n\t

FRANCE<\/font><\/td>

\n\t

5822.2<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

<\/td> <\/TR>\n

\n\t

10:11:01PM<\/font><\/td>

\n\t

GERMANY<\/font><\/td>

\n\t

13019.98<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:14:33PM<\/font><\/td>

\n\t

US500<\/font><\/td>

\n\t

3247.22<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

<\/td> <\/TR>\n

\n\t

10:17:08PM<\/font><\/td>

\n\t

DOW<\/font><\/td>

\n\t

28428<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:22:17PM<\/font><\/td>

\n\t

NASDAQ<\/font><\/td>

\n\t

9099.37<\/font><\/td>

\n\t

9019<\/font><\/td>

\n\t

8970<\/font><\/td>

\n\t

8910<\/font><\/td>

\n\t

9073<\/font><\/td>

\n\t

9128<\/font><\/td>

\n\t

9149<\/font><\/td>

\n\t

9212<\/font><\/td>

\n\t

9064<\/font><\/td>

\n\t

<\/td> <\/TR>\n

\n\t

10:24:49PM<\/font><\/td>

\n\t

JAPAN<\/font><\/td>

\n\t

22877<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t <\/td> \n\t

Success<\/font><\/td> <\/TR>\n\n<\/TABLE>\n\n

3\/02\/2020 FTSE Closed at 7326 points. Change of 0.55%. Total value traded through LSE was: \u00a3 5,659,461,897 a change of -7.45%<\/h><\/p>\n
31\/01\/2020 FTSE Closed at 7286 points. Change of -1.29%. Total value traded through LSE was: \u00a3 6,115,076,170 a change of 9.99%<\/h><\/p>\n
30\/01\/2020 FTSE Closed at 7381 points. Change of -1.36%. Total value traded through LSE was: \u00a3 5,559,853,454 a change of 15.61%<\/h><\/p>\n
29\/01\/2020 FTSE Closed at 7483 points. Change of 0.04%. Total value traded through LSE was: \u00a3 4,809,159,339 a change of -5.83%<\/h><\/p>\n
28\/01\/2020 FTSE Closed at 7480 points. Change of 0.92%. Total value traded through LSE was: \u00a3 5,106,872,635 a change of -10.29%<\/h><\/p>\n
27\/01\/2020 FTSE Closed at 7412 points. Change of -2.28%. Total value traded through LSE was: \u00a3 5,692,912,952 a change of 6.13%<\/h><\/p>\n
24\/01\/2020 FTSE Closed at 7585 points. Change of 1.04%. Total value traded through LSE was: \u00a3 5,364,214,029 a change of -0.13%<\/h><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

#Gold #Nasdaq It’s always easy to be scathing about supermarkets, purveyors of dreadful shopping environments, early adopters of robots to replace humans (unmanned checkouts). But #Morrisons managed redeem themselves to the writer by selling something thought to be gone forever. Was it a Marathon Bar? Since diagnosis with Coeliac Disease back in 2004, simple things … <\/p>\n

Continue reading “Morrison Supermarkets PLC 4\/02\/2020”<\/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-1559","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1559","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=1559"}],"version-history":[{"count":2,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1559\/revisions"}],"predecessor-version":[{"id":1561,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1559\/revisions\/1561"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1559"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}