{"id":853,"date":"2019-03-29T00:26:19","date_gmt":"2019-03-29T00:26:19","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=853"},"modified":"2019-03-29T08:22:40","modified_gmt":"2019-03-29T08:22:40","slug":"ftse-for-friday-29-03-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/03\/29\/ftse-for-friday-29-03-2019\/","title":{"rendered":"FTSE for FRIDAY, 29\/03\/2019"},"content":{"rendered":"\n

FTSE for FRIDAY and Bakkavor! #CAC40 #US500 <\/strong> Sometimes I\n wish this was a video presentation, if only for the joy of starting \nwith; “Hello world and welcome to another report from the UK Banana \nDemocracy!” Glancing at worldwide media, the “Dead Parrot” sketch has \ninternational recognition and use, rehashed daily to highlight Downing \nSt “plans”.\n\n<\/p>\n\n\n\n


<\/strong><\/p>\n\n\n\n

We ended last week on a throwaway comment, proposing a \nfairly serious reversal if the FTSE mangled its way below 7300 last Friday. The \nUK market achieved our proposed bottom, breaking it slightly, of 7164 points 8 \nminutes after the market opened on Monday morning. There’s little doubt the 136 \npoint reversal was due to speculation about the UK’s political competence. The \nimmediate problem for tomorrow – Friday – as the index keeps approaching the \nuptrend for 2019. Visually, any break now below 7140 points is liable to prove \nfairly serious, permitted reversal to an initial 7030 points. Secondary, if \nbroken, is down at 6921 points.<\/p>\n\n\n\n

The index closed Thursday at 7234 points, presently \nrequiring above 7298 points to justify any rise being taken seriously. Such a \ntrigger moves allegedly allows continued recovery to an initial 7315 points. \nSecondary, if bettered, calculates at 7370 which, unfortunately, was also the \ntrigger level required last Friday to allow us to take any rise seriously.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Bakkavor (LSE:BAKK)<\/strong> On the subject of Banana’s, this lot immediately \nsprung to mind. Famous for devouring the UK company Geest, the banana kings, \nthis Icelandic food group have been listed in London since late 2017, the share \nprice coming very close to a bottom level, a point at which we’d expect a \nrebound. The immediate situation suggests weakness now below 115 should reverse \nto 107p, this being the point at which we’d hope for a bounce. Any rebound \nbettering 128 looks capable of moves to an initial 141p. If exceeded, secondary \nis a longer term 153. At this point, we shall require reviewing its future.<\/p>\n\n\n\n

To be fair, the recent low of 110p was “probably” close enough to bottom, so \nit’s perhaps worth keeping an eye on them. As always, we’ve a warning. Below 107 \nand “ultimate” bottom is at 92p. We cannot calculate below such a point.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n
\"\"\/<\/figure>\n\n\n\n
28\/03\/2019 FTSE Closed at 7234 points. Change of 0.56%. Total value traded through LSE was: \u00a3 5,101,844,209 a change of -12.7%\n\n\n<\/h5>\n","protected":false},"excerpt":{"rendered":"

FTSE for FRIDAY and Bakkavor! #CAC40 #US500 Sometimes I wish this was a video presentation, if only for the joy of starting with; “Hello world and welcome to another report from the UK Banana Democracy!” Glancing at worldwide media, the “Dead Parrot” sketch has international recognition and use, rehashed daily to highlight Downing St “plans”. … <\/p>\n

Continue reading “FTSE for FRIDAY, 29\/03\/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-853","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/853","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=853"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/853\/revisions"}],"predecessor-version":[{"id":854,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/853\/revisions\/854"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=853"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}