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#GOLD #WallSt We reviewed M&S back in mid-September, giving one of our very rare “no-brainer” price movement predictions. Within days, it fulfilled the requirements detailed in our scenario, achieving our 393p target and even, somewhat hesitantly, taking the first step on a path to 428p. But alas, doubtless due to their rubbish clich\u00e9d Christmas telly advert,\u00a0 the share price has now managed to cancel out serious Big Picture optimism by closing below 330p. From our perspective, numerically this is a hanging offence, perhaps due to an advertising agency relying on a 40 year old tune and a TV star whose career has aged unlike a 25 year old whisky, matching when she was last on TV as an actress. Okay, to be honest, you really need to be cruel to criticise Dawn French as in the opinion of this writer, she’s brilliant. But the Vicar of Dribbled was interred 25 years ago, given an occasional heartbeat with 45 second clips on YouTube shorts.!<\/p>\n
Now, the situation with M&S demands the price close above 342p to escape its visual doom as it feels like trouble is ahead for 2026. At present, it looks like weakness below 315 shall trigger reversals down to an initial 294 with our secondary, if broken, calculating at ideally a bounce before 256p. We should mention, closure below 256 implies a future bottom awaits at 224p but our suspicion is the market shall declare an “oops” moment before our secondary target of 294 being broken.<\/p>\n
Of course, there’s always the risk M&S shall somehow find something positive to say about life in the UK, meaning above 342 should trigger an attempt at 366 with our secondary, if beaten, at a future 383p. With regret, about the best we can suggest is those who profited with our September gain scenario remain wearing their M&S running shoes as it looks like further dips are ahead.<\/p>\n
Then again, perhaps the speculated BoE Interest Rate reduction today shall diminish the cost of taking a mortgage before experiencing M&S’s pricing policies, thus giving immediate hope for an improvement in their retail sales in the months ahead. We suspect the converse. And we also wonder, if they returned to their classic Lingerie adverts, would M&S share price improve. After all, Formula One managed to experience a decline in viewers, once they exterminated their Grid Girls in 2017, nowadays experiencing a resurgence in viewers with USA viewers demanding such\u00a0 despicable pageantry to appeal to base male instincts.<\/p>\n
While forgetting the vast majority of their worldwide audience is male and the ridiculous effort to appeal to future Asian tracks also provoked a drop in viewing audience from the likes of Abu Dhabi, Saudi, Bahrain, and Qatar. But on the plus side, Guardian readers and BBC controllers were happy. If only our local Argyll hero from Oban, Susie Wolff, had competed in F1 wearing a swimming costume, rather than taking the more difficult route of establishing The F1 Academy to give women another way of accessing the sport. (Susie Wolff, married to Toto Wolff, the Mercedes guy and ‘best friend’ of unemployable Christian Horner…)<\/p>\n
Finally, as for 2026, we’ve heard some gossip Ferrari may actually be a “thing” for a change as there are enormous changes taking place. Not least being a requirement to speak English in an effort to establish a common language for the team. Who know’s? Ferrari are the only team known for having more reverse gear positions than forward gears, an Italian clich\u00e9 once applied to their World War Two tanks.<\/p>\n
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