{"id":880,"date":"2019-04-10T22:49:33","date_gmt":"2019-04-10T21:49:33","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=880"},"modified":"2019-04-11T09:48:31","modified_gmt":"2019-04-11T08:48:31","slug":"trends-and-targets-for-11-04-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/04\/10\/trends-and-targets-for-11-04-2019\/","title":{"rendered":"Trends and Targets for 11\/04\/2019"},"content":{"rendered":"\n<p class=\"has-drop-cap\"><strong>ASOS #Brent #Nasdaq <\/strong>\nLike most folk with interest in the markets, we glance at \nGoogle News to catch any important business headlines. The screenshot below, \nhighlighting a BBC news story panicked us, due to ASOS being &#8220;one we cover&#8221; and \na share we&#8217;d been expecting to rise!<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.trendsandtargets.com\/img\/asos.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>A quick glance at what was really happening revealed ASOS had grown by 14%, a \nmotion quite at odds with the headline news. It did make us wonder how many folk \nbailed positions or dumped shares, thanks to a media intent on the dramatic, \nwhen indulging a quick review of a 7am RNS from ASOS. To be blunt, we suspect \nthe BBC did absolutely zero journalism, instead doubtless relying on a press \nrelease via a 3rd party (a brokerage?) to give a sense of&nbsp; looming \ndisaster. Even a glance at the RNS wording would have given the media some pause \nfor thought.<\/p>\n\n\n\n<p>Folks who dumped shares were doubtless feeling mildly irritated by 10am as \nthe share price peaked for the day.<\/p>\n\n\n\n<p>Unfortunately, the story gets worse &#8211; or better. The immediate situation is \nmildly encouraging, the price of ASOS now having closed above the glass ceiling \nwhich formed following their &#8220;profit warning&#8221; in December. Generally, this is a \ngood thing, moving the share price into a scenario where we can calculate moves \nnow above 3673 should bring further growth to a modest 3826p. If exceeded, our \nsecondary for the longer term comes in at 4338p, rather neatly covering the \ncircled gap and suggesting the drop was doubtless overcooked. Despite being able \nto calculate a rosy future beyond 4338p, we shall need stir the tea leaves again \nshould such a number appear in the future.<\/p>\n\n\n\n<p>Of course, this is the stock market and always capable of a good giggle at \nthe investors expense. In the case of ASOS, the share price presently requires \nto slink below 2790p to signal incoming danger with reversal to 2100p initially \nprobable.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.trendsandtargets.com\/img\/asc100419.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>  <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.trendsandtargets.com\/img\/Noname2.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\">10\/04\/2019 FTSE Closed at 7421 points. Change of -0.05%. Total value traded through LSE was: \u00a3       5,710,942,960 a change of -4.1%\n\n\n<\/h5>\n","protected":false},"excerpt":{"rendered":"<p>ASOS #Brent #Nasdaq Like most folk with interest in the markets, we glance at Google News to catch any important business headlines. The screenshot below, highlighting a BBC news story panicked us, due to ASOS being &#8220;one we cover&#8221; and a share we&#8217;d been expecting to rise! A quick glance at what was really happening &hellip; <\/p>\n<p class=\"link-more\"><a href=\"http:\/\/www.trendsandtargets.com\/index.php\/2019\/04\/10\/trends-and-targets-for-11-04-2019\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Trends and Targets for 11\/04\/2019&#8221;<\/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-880","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/880","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=880"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/880\/revisions"}],"predecessor-version":[{"id":881,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/880\/revisions\/881"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=880"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}