{"id":941,"date":"2019-05-13T23:07:37","date_gmt":"2019-05-13T22:07:37","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=941"},"modified":"2019-05-14T09:27:45","modified_gmt":"2019-05-14T08:27:45","slug":"centrica-for-14-05-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/05\/13\/centrica-for-14-05-2019\/","title":{"rendered":"Centrica for 14\/05\/2019"},"content":{"rendered":"\n

#Gold #Nasdaq <\/strong>\nLast time we reviewed Centrica (link \nhere<\/a>), we mentioned a possibility of danger if the price moved below 116p. \nWe especially highlighted this issue by drawing a vertical green line at the \nproposed Brexit date. While Brexit didn’t happen, on March 28th Centrica managed \nto wander below 116p anyway. “Go figure”, as they say!<\/p>\n\n\n\n

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

An additional worry was our initial 98p drop target. \nThe market, obviously wishing to spare traders the opportunity of worrying about \n98p, manipulated (gapped) the share price down to 97.34p on May 9th. This was \nreally not a good thing, tending confirm further weakness below 92p should power \nreversal to 82p and hopefully a realistic bounce. There are major reasons for \nconcern, should the 82p level break. Quite alarmingly, it’s the sort of nonsense \nwe tend only associate with the Retail Bank sector of the FTSE 100, essentially \nthe prospect of major price drops which dig deep below any level at which the \nshare price can be regarded as cheap.<\/p>\n\n\n\n

In a sentence, below 92p now indicates coming reversal \nto 82p which, if broken, risks a longer term cycle to 28p, perhaps even 12p with \nnegative news. Generally, when the market spots this width of drop potential \nagainst a major share, it will quite sharply promote emergency price rescue \nmovements. This is why we tend hope for a real bounce at the 82p level.<\/p>\n\n\n\n

To get out of trouble, the share price requires exceed \nBlue on the chart, 130p at present. Such an unlikely miracle would propel the \nshare into a zone with an initial target of 161p. If bettered, secondary for the \nlonger term is at 188p.<\/p>\n\n\n\n

Instead, we suspect it shall be bounced – hopefully \njust before – from the 82p level and probably meander around with an upward \nlevel of around 120p until such time positive news or market conditions are \ndeemed suitable to allow proper growth.<\/p>\n\n\n\n

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

10:05:59PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

69.53<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:08:19PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1300.26<\/font><\/TD>

\n\t

1281<\/font><\/TD>

\n\t

1274<\/font><\/TD>

\n\t

1265<\/font><\/TD>

\n\t

1292<\/font><\/TD>

\n\t

1301.25<\/font><\/TD>

\n\t

1303.2575<\/font><\/TD>

\n\t

1308.58<\/font><\/TD>

\n\t

1281<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:12:04PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7154<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:14:11PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5263<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:17:00PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

11854<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:29:37PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2807<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:40:47PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

25299<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:43:24PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7304<\/font><\/TD>

\n\t

7295<\/font><\/TD>

\n\t

7276<\/font><\/TD>

\n\t

7227<\/font><\/TD>

\n\t

7384<\/font><\/TD>

\n\t

7387<\/font><\/TD>

\n\t

7415<\/font><\/TD>

\n\t

7455<\/font><\/TD>

\n\t

7323<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:46:24PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

20805<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

 <\/p>\n

13\/05\/2019 FTSE Closed at 7163 points. Change of -0.56%. Total value traded through LSE was: \u00a3 5,051,510,571 a change of -0.97%<\/h>\n","protected":false},"excerpt":{"rendered":"

#Gold #Nasdaq Last time we reviewed Centrica (link here), we mentioned a possibility of danger if the price moved below 116p. We especially highlighted this issue by drawing a vertical green line at the proposed Brexit date. While Brexit didn’t happen, on March 28th Centrica managed to wander below 116p anyway. “Go figure”, as they … <\/p>\n

Continue reading “Centrica for 14\/05\/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-941","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/941","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=941"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/941\/revisions"}],"predecessor-version":[{"id":942,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/941\/revisions\/942"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=941"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}