{"id":2116,"date":"2020-09-23T23:24:12","date_gmt":"2020-09-23T22:24:12","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=2116"},"modified":"2020-09-24T08:26:16","modified_gmt":"2020-09-24T07:26:16","slug":"saga-plc-for-24-09-2020","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2020\/09\/23\/saga-plc-for-24-09-2020\/","title":{"rendered":"Saga Plc for 24\/09\/2020"},"content":{"rendered":"

#FTSE #DOW <\/strong> It’s been nearly a year since we produced some truly depressing numbers for #Saga’ future share price. (link<\/a><\/strong>)\u00a0 The intervening period has seen the share live down to expectations, hitting and breaking our drop target of 14p. While this number represented an “ultimate” bottom, the period since the March covid-19 drop has produced some further potentials.<\/p>\n

 <\/p>\n

Unfortunately, none of these potentials are particularly encouraging!<\/p>\n

 <\/p>\n

The immediate situation is fairly grim, suggesting ongoing weakness below 11p risks reversals to an initial 5.5p and there’s a pretty good argument to hope for some sort of bounce, should such a level make an appearance. With closure below 5.5p, our “ultimate bottom” now works out at 0.25p. Whatever rot established itself for the share price certainly can look further than the pandemic, if seeking to apportion blame as the writing was on the wall for some time before the virus struck. However, there can be little doubt Saga’s target market will doubtless be avoiding congregating with flights and cruises, due to them also being the target market for Covid-19.<\/p>\n

Since the start of September something “funny” has been going on with Saga’s share price as it has enjoyed a pretty well managed decline. Presently, the share needs trade above 20p to give hope for a miracle recovery, calculating with the potential of moves to an initial 30p with secondary, if exceeded, a longer term 43p.<\/p>\n

We’re not hopeful.<\/p>\n

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

FUTURES<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Time Issued<\/td>\nMarket<\/td>\nPrice At Issue<\/td>\nShort Entry<\/td>\nFast Exit<\/td>\nSlow Exit<\/td>\nStop<\/td>\nLong Entry<\/td>\nFast Exit<\/td>\nSlow Exit<\/td>\nStop<\/td>\nPrior<\/td>\n<\/tr>\n
10:07:39PM<\/td>\nBRENT<\/td>\n41.91<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/td>\n<\/tr>\n
10:09:46PM<\/td>\nGOLD<\/td>\n1863.98<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSuccess<\/td>\n<\/tr>\n
10:11:15PM<\/td>\nFTSE<\/td>\n5864.37<\/td>\n5832<\/td>\n5814.5<\/td>\n5761<\/td>\n5899<\/td>\n5975<\/td>\n5990.5<\/td>\n6021<\/td>\n5907<\/td>\nSuccess<\/td>\n<\/tr>\n
10:14:16PM<\/td>\nFRANCE<\/td>\n4762<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSuccess<\/td>\n<\/tr>\n
10:27:25PM<\/td>\nGERMANY<\/td>\n12558<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSuccess<\/td>\n<\/tr>\n
10:31:47PM<\/td>\nUS500<\/td>\n3240<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nShambles<\/td>\n<\/tr>\n
10:34:39PM<\/td>\nDOW<\/td>\n26804<\/td>\n26770<\/td>\n26698<\/td>\n26421<\/td>\n26916<\/td>\n27242<\/td>\n27316.5<\/td>\n27520<\/td>\n27123<\/td>\n‘cess<\/td>\n<\/tr>\n
10:41:17PM<\/td>\nNASDAQ<\/td>\n10824<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSorry<\/td>\n<\/tr>\n
10:43:11PM<\/td>\nJAPAN<\/td>\n23212<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSuccess<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
23\/09\/2020 FTSE Closed at 5899 points. Change of 1.2%. Total value traded through LSE was: \u00a3 4,741,814,629 a change of -1.55%<\/h5>\n
22\/09\/2020 FTSE Closed at 5829 points. Change of 0.43%. Total value traded through LSE was: \u00a3 4,816,339,128 a change of -8.93%<\/h5>\n
21\/09\/2020 FTSE Closed at 5804 points. Change of -3.38%. Total value traded through LSE was: \u00a3 5,288,811,181 a change of -43.99%<\/h5>\n
18\/09\/2020 FTSE Closed at 6007 points. Change of -0.69%. Total value traded through LSE was: \u00a3 9,442,217,884 a change of 120.95%<\/h5>\n
17\/09\/2020 FTSE Closed at 6049 points. Change of -0.48%. Total value traded through LSE was: \u00a3 4,273,425,233 a change of -23.19%<\/h5>\n
16\/09\/2020 FTSE Closed at 6078 points. Change of -0.44%. Total value traded through LSE was: \u00a3 5,563,460,983 a change of 15%<\/h5>\n
15\/09\/2020 FTSE Closed at 6105 points. Change of 1.31%. Total value traded through LSE was: \u00a3 4,837,644,674 a change of 35.92%<\/h5>\n","protected":false},"excerpt":{"rendered":"

#FTSE #DOW It’s been nearly a year since we produced some truly depressing numbers for #Saga’ future share price. (link)\u00a0 The intervening period has seen the share live down to expectations, hitting and breaking our drop target of 14p. While this number represented an “ultimate” bottom, the period since the March covid-19 drop has produced … <\/p>\n

Continue reading “Saga Plc for 24\/09\/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-2116","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/2116","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=2116"}],"version-history":[{"count":2,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/2116\/revisions"}],"predecessor-version":[{"id":2118,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/2116\/revisions\/2118"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=2116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=2116"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=2116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}