FTSE for Friday 4/09/2020

#FTSE #DOW The whole Brexit & Lockdown thing has certainly brought reason for nerves but, with  a massive lobster proving an unexpected guest at the dinner table tonight, it began to appear every cloud indeed has a silver lining. Local shellfish boats, previously used to exporting their catch, have adopted a business model of selling it locally. To their surprise, they’re working fewer hours and apparently making more money.

As someone, extremely allergic to shellfish, it was awesome watching my other half murder a pretty energetic crustacean, an animal I’d suspected was about to become another unwanted family pet. This thought was misplaced, her love of lobster overcoming her love of wildlife. The thing, amazingly, produced sufficient meat to ensure the cats and dogs buried the hatchet as they prowled around the floor demanding scraps from the dinner table. Meanwhile, I enjoyed my lamb chops!

Hey, chart goes here

The interesting thing with the foregoing was how we’re seeing business’ adapt to a completely changing situation. The two girls who run the fishing boat typically would head out by 6am, their modern blue boat loaded with creels and traps. Often, we’d not see them return until early evening in their exhaustive quest to have a catch ready for the refrigerated truck which ultimately headed to Spain. Now they’ve discovered a local market (one which was always present) for scallops, crab, langoustine, and lobster, they’ve also discovered a family life is possible.

The point behind this tale is fairly straightforward, it can be worthwhile embracing change, something we feel certain many city centre commercial landlords, pubs, coffee and sandwich bars, are going to need face in the months and years ahead.

 

However, the markets opted for a “the sky is falling” stance on Thursday as the day progressed, one which looks capable of carrying forward into Friday. Perhaps Wall St is sending a contradictory signal but we suspect, if this is the case, things shall only improve for Europe once the USA awakens.

Near term, we shall have concerns should the FTSE manage to trade below 5830 as it risks starting a cycle toward 5713 points. If broken, our secondary calculates at  5605 points and hopefully a rebound, thanks to the risk of further reductions in 100 point increments!

 

The converse argument is less confident, needing the UK index to trade above 5872 points to give some hope of recovery, allowing movement to an initial 5900 points with secondary, if exceeded, a rather less confident looking 5955 points.

Just to make things more fun, it’s also the first Friday of the new month, US Payrolls day and thus, capable of lunatic swings around 1.30pm. As the aforementioned lobster commented, before its swimming lesson in boiling water, we live in interesting times.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:26:06PM BRENT 44.18 43.24 42.76 44.23 44.55 44.905 43.63 ‘cess
10:28:12PM GOLD 1931.01 1921 1913 1937 1946 1952 1927 ‘cess
10:31:40PM FTSE 5819.81 5793 5763 5843 5860 5913 5814 Success
10:45:02PM FRANCE 4975.7 4969 4946 5000 5007 5015.5 4969 Success
10:49:56PM GERMANY 13002 12932 12814 13046 13072 13179 12976 Success
10:52:55PM US500 3457.62 3425 3383 3470 3494 3519 3440 Success
10:56:37PM DOW 28307 28070 27855.5 28330 28508 28574 28291 Shambles
11:00:39PM NASDAQ 11756 11718 11665 11850 11915 12028.5 11755 Success
11:04:14PM JAPAN 23034 22958 22922 23106 23155 23294 23024 Shambles

 

3/09/2020 FTSE Closed at 5850 points. Change of -1.52%. Total value traded through LSE was: £ 4,250,184,579 a change of -2.94%
2/09/2020 FTSE Closed at 5940 points. Change of 1.33%. Total value traded through LSE was: £ 4,378,771,754 a change of -24.99%
1/09/2020 FTSE Closed at 5862 points. Change of -1.69%. Total value traded through LSE was: £ 5,837,308,187 a change of 19.78%
28/08/2020 FTSE Closed at 5963 points. Change of -0.6%. Total value traded through LSE was: £ 4,873,414,475 a change of 40.53%
27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%
26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%
25/08/2020 FTSE Closed at 6037 points. Change of -100%. Total value traded through LSE was: £ 3,506,401,056 a change of 0%

 

Section One – Outlook Updated Today.

: LSE:AGM Applied Graphene** **LSE:AVCT Avacta** **LSE:HIK Hikma** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IGAS Igas Energy** **LSE:IHG Intercontinental Hotels Group** **LSE:ITRK Intertek** **LSE:PMO Premier** **

FeverTree Drinks Plc for 3/09/2020

#SP500 #Japan Finally, we got around to actually testing a companies product, abandoning our usual aloof stance of just looking at numbers. In fairness, it was completely by accident, the local shop running out of Schweppes Tonic Water. Suddenly discovering dark rum was being mixed with Fevertree’s product, it was inevitable a glance was taken at their share price movements since our update last January.

 

Importantly, in our previous analysis of Fevertree, we’d given a drop target of 983p, warning movement below such a level risked taking the share into the grasp of an eventual 159p! We’ve noticed with many shares, despite some drop targets breaking due to the Covid-19 drop in mid-March of this year, price movements in the period since the exaggerated drop have tended eradicate threats of leaks down to ultimate bottom levels. This is certainly the case with Fevertree, the company share price requiring CLOSE a session below 1,870p before we’d dare express any sort of nerves for the future.

Closure below 1,870 would not be great, now calculating with the potential of reversal to an initial 1,460 with secondary, if broken, at a bottom (hopefully) of 1,277. Thankfully, absolutely nothing at present suggests such a risk.

 

Instead, we shall be quite interested should the price manage to trade above 2,135p as a cycle toward an initial 2,800p looks possible. If exceeded, our secondary calculation at 3,279p makes a lot of sense visually.

 

As for the companies Tonic Water, it proved as acceptable as the traditional Schweppes product!

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:47:53PM BRENT 44.5 ‘cess
9:50:52PM GOLD 1943.44 Success
10:14:52PM FTSE 5961 Success
10:16:36PM FRANCE 5069 Success
10:18:58PM GERMANY 13345 Success
10:25:58PM US500 3578 3555 3544.5 3530 3568 3588 3594 3618 3555 Success
10:28:09PM DOW 29097 Success
10:29:40PM NASDAQ 12410 Success
10:35:20PM JAPAN 23498 23243 23191 23082 23366 23516 23579 23725 23350 Success

 

2/09/2020 FTSE Closed at 5940 points. Change of 1.33%. Total value traded through LSE was: £ 4,378,771,754 a change of -24.99%
1/09/2020 FTSE Closed at 5862 points. Change of -1.69%. Total value traded through LSE was: £ 5,837,308,187 a change of 19.78%
28/08/2020 FTSE Closed at 5963 points. Change of -0.6%. Total value traded through LSE was: £ 4,873,414,475 a change of 40.53%
27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%
26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%
25/08/2020 FTSE Closed at 6037 points. Change of -1.1%. Total value traded through LSE was: £ 3,506,401,056 a change of 13.29%
24/08/2020 FTSE Closed at 6104 points. Change of -100%. Total value traded through LSE was: £ 3,095,099,740 a change of 0%

Tullow Oil for 2/09/2020

#Gold #SP500 #Tullow has certainly not had to seek troubles. Trading above 16 quid back in 2012, the shares could be picked up for 7.5p in March of this year, the Covid-19 drop finally delivering a price level which shall hopefully be regarded as “bottom”. Despite the bounce from 7.5p proving very slightly useful, we’ve ample reason for concern at the chosen trajectory.

To be blunt, it’s heading down again!

 

Crude oil prices are proving a concern as Brent, for instance, is supposed to be heading to the 50 US dollar mark, this being a logical level for a bit of a pause on its way to the 55 dollar level. Unfortunately, the last two months have witnessed Brent making insipid movements and this lack of “bubbling to the surface” appears to be infecting the oil sector with a considerable doze of nerves. Perhaps too frequently, we whine about what to expect, if a price refuses to go up but unfortunately, this often appears the case when gravity rears its ugly head.

In the case of Tullow, we don’t need worry about gravity but instead, cold visuals on the chart.  The downtrend since the start of December, 2019, has been quite vivid and the market appears rigid in ensuring Tullow doesn’t break trend. At time of writing, Tullow is trading around the 21p and we feel we can only identify a trigger level at 27p as a point above which some hope is possible.

Above 27p calculates with an initial ambition of 35p with secondary, if exceeded, at 42p. In fact, should the 42p level be achieved, there’s a serious risk it could be ignored with a frenzied rise to 56p kicking into life.

 

Unfortunately, as mentioned earlier, Tullow feels destined to head downward. Below 20p looks very capable of producing some reversals to an initial 15p with secondary, if broken, at a hopeful bottom of 10p. Should this scenario appear, a bunch of folk are liable to shout “Double Bottom”, taking Long positions, driving some price recovery. We can hope so, anyway!

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:17:19PM BRENT 45.85
9:19:00PM GOLD 1970.1 1963 1951 1937 1977 1993 2009 2043 1978 ‘cess
9:26:42PM FTSE 5872 Success
9:51:40PM FRANCE 4938.7 ‘cess
9:53:26PM GERMANY 13006.47 ‘cess
9:55:38PM US500 3531.57 3493 3486 3470 3511 3534 3539 3557 3514 Success
9:58:18PM DOW 28673 ‘cess
9:59:46PM NASDAQ 12331 Success
10:01:46PM JAPAN 23213

Hey, chart goes here

1/09/2020 FTSE Closed at 5862 points. Change of -1.69%. Total value traded through LSE was: £ 5,837,308,187 a change of 19.78%
28/08/2020 FTSE Closed at 5963 points. Change of -0.6%. Total value traded through LSE was: £ 4,873,414,475 a change of 40.53%
27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%
26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%
25/08/2020 FTSE Closed at 6037 points. Change of -1.1%. Total value traded through LSE was: £ 3,506,401,056 a change of 13.29%
24/08/2020 FTSE Closed at 6104 points. Change of 1.72%. Total value traded through LSE was: £ 3,095,099,740 a change of -18.48%
21/08/2020 FTSE Closed at 6001 points. Change of -100%. Total value traded through LSE was: £ 3,796,928,950 a change of 0%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today.

 LSE:AGM Applied Graphene** **LSE:ASC Asos** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:DGE Diageo** **LSE:EMG MAN** **LSE:HSBA HSBC** **LSE:KAZ Kaz Minerals** **LSE:NG. National Glug** **LSE:PMO Premier** **LSE:POLY Polymetal** **LSE:RR. Rolls Royce** **

Natwest Group Plc for 1/09/2020

#Brent #Dax As we enter September, it appears, finally, some good news may be coming. #Natwest share price has achieved the unthinkable, finally managing to close a session above the downtrend (see inset on chart) since last year. That’s the end of the good news as, in these pandemic days, we’re tending to distrust anything as straightforward as a line on a chart! A misplaced comment, an untidy cough, or a twitter storm seems sufficient to damage logic.

At present, we calculate Natwest as requiring to trade above 117.5p to signal a possibility of relief as this works out with an initial target of 124p with secondary, if exceeded, a visually pleasing 135p. Only with closure above 135p shall we feel justified in believing some true recovery has commenced, perhaps even the first grasp on a cliff face which can take the share price toward the 200p level. Unfortunately, when we review the pace of descent in the last year, any true price recovery is going to take some sort of miracle.

 

If things intend go wrong for Natwest, trades below 109p in the coming week risk ringing alarm bells as reversal to 101p (again) makes a lot of sense. Worse still, should 101p break, our secondary is now at 90p, risking taking the share through a trapdoor to around the 50p level eventually.

In normal times, we’d be pretty relaxed and promoting the possibility of some recovery but unfortunately, times are not normal and it’s impossible to forget Natwest (aka RBS) remains flirting with the all time low price level achieved in March 2009. The unpleasant reality generates a reminder of the market truism; “If it ain’t going up, it’s going down.”

Hey, chart goes here

 

FUTURES

Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
BRENT 45.62 45.25 45.095 44.62 45.78 46.58 46.95 47.58 45.63
GOLD 1967
FTSE 5987
FRANCE 4940
GERMANY 12938 12902 12887 12798 12993 13098 13124 13198 12955
US500 3495.57
DOW 28416
NASDAQ 12107
JAPAN 23053

 

 

28/08/2020 FTSE Closed at 5963 points. Change of -0.6%. Total value traded through LSE was: £ 4,873,414,475 a change of 40.53%
27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%
26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%
25/08/2020 FTSE Closed at 6037 points. Change of -1.1%. Total value traded through LSE was: £ 3,506,401,056 a change of 13.29%
24/08/2020 FTSE Closed at 6104 points. Change of 1.72%. Total value traded through LSE was: £ 3,095,099,740 a change of -18.48%
21/08/2020 FTSE Closed at 6001 points. Change of -0.2%. Total value traded through LSE was: £ 3,796,928,950 a change of -1.91%
20/08/2020 FTSE Closed at 6013 points. Change of -1.6%. Total value traded through LSE was: £ 3,870,716,769 a change of 8.2%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

: LSE:AFC AFC Energy** **LSE:AGM Applied Graphene** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CCL Carnival** **LSE:DGE Diageo** **LSE:GENL Genel** **LSE:GKP Gulf Keystone** **LSE:NG. National Glug** **LSE:TLW Tullow** **

FTSE for FRIDAY 28/08/2020

#FTSE #DAX Numbers are important. It’s 2 days until the next Grand Prix, 2 weeks ago my heart decided to try a different beat rather than “The Rhythm of Life” and the FTSE nearly closed 2 points below its last lowest low. Okay, 1.9 points for the pedants.

 

We’ve a thing about “lower lows”, even when they appear contrived. Quite how the FTSE managed to close a session at 5999.99 points amazed us but yes, it was below the prior low on August 21st of 6001.89 points. This means we must now prepare for the worst, despite the market almost being at the end of the month, along with the UK facing a holiday weekend of traffic jams, effectively ‘enjoying’ the final bank holiday of the year.

 

So what does this danger signal mean?

 

Apparently movement next below 5,988 points should trigger a reversal cycle toward an initial 5,895 points with secondary, when broken, at a bottom hopefully of 5,758 points. What fascinates about this large haul of points is the tightest Stop level working out at 6,042 points. We’re smelling a bit of a rat, thanks to it being the end of a month, a holiday weekend, a Friday, and a more than reasonable “Risk/Reward” scenario. Historically, the UK stock market isn’t a generous entity!

And what happens, if the market indeed makes it above 6,042 points? We’re looking for recovery to a fairly tame 6,058 points initially with secondary, if exceeded, a more promising 6,110 points.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:20:50PM BRENT 45.63 45.27 45.095 45.85 46.32 46.58 45.57 Success
9:22:41PM GOLD 1928 1918 1908 1936 1936 1940.5 1921 Success
9:42:46PM FTSE 6016 5985 5970.5 6020 6062 6075 6023
9:49:11PM FRANCE 4999.5 4985 4970 5021 5049 5064.5 5003
9:51:17PM GERMANY 13086.09 13050 13001.5 13120 13147 13169.5 13077
9:54:00PM US500 3488 3467 3454 3497 3502 3511 3477
9:57:39PM DOW 28532 28267 28125 28476 28638 28678 28521 Success
10:01:44PM NASDAQ 11950 11837 11784.5 11983 12050 12110 11870 ‘cess
10:03:36PM JAPAN 23243 23141 23074 23225 23276 23322.5 23176

 

27/08/2020 FTSE Closed at 5999 points. Change of -0.73%. Total value traded through LSE was: £ 3,467,869,882 a change of -4.16%
26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%
25/08/2020 FTSE Closed at 6037 points. Change of -1.1%. Total value traded through LSE was: £ 3,506,401,056 a change of 13.29%
24/08/2020 FTSE Closed at 6104 points. Change of 1.72%. Total value traded through LSE was: £ 3,095,099,740 a change of -18.48%
21/08/2020 FTSE Closed at 6001 points. Change of -0.2%. Total value traded through LSE was: £ 3,796,928,950 a change of -1.91%
20/08/2020 FTSE Closed at 6013 points. Change of -1.6%. Total value traded through LSE was: £ 3,870,716,769 a change of 8.2%
19/08/2020 FTSE Closed at 6111 points. Change of 0.58%. Total value traded through LSE was: £ 3,577,441,706 a change of -6.9%

Metro Bank for 27/08/2020

#Gold #Japan Dog treats are expensive, something Metro Bank needs to be aware of. Their initiative, ‘Free Dog Treats’ until 2nd September hopefully does not reflect on the retail bank share price, especially as neither of our dogs will accept treats from strangers anyway!

 

Things are certainly not feeling particularly promising for Metro Bank’s share price as movement, anytime soon, below 96p looks perfectly capable of driving reversal to an initial 80p. In itself, this isn’t alarming but our secondary calculation is. In the event the share price manages to break below 80p, continued reversal to a ‘hopeful’ bottom of 60p calculates as possible.

Visually, such a drop target level is quite discouraging, taking the share price to a new all time low and forcing us to clutch at straws, when seeking viable movements which shall promise a logical recovery. The great danger, should 60p make itself known, is this propels the share into a region with an ultimate bottom of 6p, the level below which we cannot calculate.

 

It’s quite distressing but we’ve little choice but to suggest any price recovery needs to be above 150p before we dare take it seriously as this calculates with an initial 207p. If exceeded, our longer term secondary works out at 263p. At time of writing, the share is trading around the 1 pound mark and we’re perfectly aware our demand the price recovers by 50%, just to tick a positive box in our software, is an absurd requirement. Unfortunately, when dealing with a share price which once was above £40 just over 2 years ago, the bandwidth of movement calculations becomes silly.

The chart below, out of necessity, is based on moves this year. Otherwise, when viewed against a scale which goes up to 40 quid, this years movements look like a flat line in comparison.

 

For now, Metro looks attractive for dogs but we’re not convinced about investors.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:30:09PM BRENT 46.19
9:38:38PM GOLD 1953.56 1939 1935.5 1929 1949 1957 1960 1974 1944 ‘cess
9:40:39PM FTSE 6065 Shambles
9:42:30PM FRANCE 5059
9:45:46PM GERMANY 13253.67
9:49:50PM US500 3483.72 Success
10:09:44PM DOW 28377 ‘cess
10:11:40PM NASDAQ 11991.54 Success
10:13:50PM JAPAN 23310 23156 23072.5 22953 23256 23322 23373.5 23445 23228 Shambles

 

 

 

26/08/2020 FTSE Closed at 6043 points. Change of 0.1%. Total value traded through LSE was: £ 3,618,462,432 a change of 3.2%
25/08/2020 FTSE Closed at 6037 points. Change of -1.1%. Total value traded through LSE was: £ 3,506,401,056 a change of 13.29%
24/08/2020 FTSE Closed at 6104 points. Change of 1.72%. Total value traded through LSE was: £ 3,095,099,740 a change of -18.48%
21/08/2020 FTSE Closed at 6001 points. Change of -0.2%. Total value traded through LSE was: £ 3,796,928,950 a change of -1.91%
20/08/2020 FTSE Closed at 6013 points. Change of -1.6%. Total value traded through LSE was: £ 3,870,716,769 a change of 8.2%
19/08/2020 FTSE Closed at 6111 points. Change of 0.58%. Total value traded through LSE was: £ 3,577,441,706 a change of -6.9%
18/08/2020 FTSE Closed at 6076 points. Change of -0.83%. Total value traded through LSE was: £ 3,842,583,289 a change of -9.83%

Eurasia Mining Plc for 26/08/2020

#FTSE #SP500 Every now and them, someone will write “you cannot chart or analyse AIM shares”, neatly ignoring a plethora of evidence to the contrary. Eurasia, which we reviewed it in February, is a case in point as we pointed out 19.75p as a major target level for the future.

The inset on the chart below speaks volumes, rather more eloquently than self proclaimed internet chatroom experts. On July 17th,  5 months following our report at the start of the year, prior to the share price facing suspension and a global pandemic, the price opted to close at our “major target level”. From our perspective, this was a pretty big deal, confirming we’d been mapping the correct trend and also, giving considerable hope for the future if the share price next managed close above our target level.

Thankfully, in the period since, the share has behaved pretty well according to our rulebook, now giving quite considerable hope for the longer term. Hopefully this platinum and gold producer manage to avoid blotting their copy book and continue to enjoy the benefits of metal prices surging to record high levels in a period where reduced fuel costs make extraction and processing an advantageous exercise.

Movement now above 28.5p, the most recent high, calculates with a further growth potential to an initial 34p. Movement above this level should be capable of considerable excitement, our secondary working out at a longer term 45p. Only in the event of closure above 45p dare we mention a further attraction from a distant looking 77p.

The share price currently needs close below Blue on the chart, a downtrend dating back 20 years, before we’d suggest panic. At present, this level is at 21p and there are some quite painful implications with such a move, basically taking the first step on a slippery slope to a meltdown ultimate bottom of 5p. At present, nothing warns of this danger.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:14:05PM BRENT 46.42 ‘cess
10:21:51PM GOLD 1928.68 ‘cess
10:25:12PM FTSE 6055 6012 5983 5907 6055 6115 6123 6150 6080 Shambles
11:00:09PM FRANCE 5017 Success
11:01:47PM GERMANY 13102 ‘cess
11:03:52PM US500 3447 3424 3416 3404 3437 3452 3458.5 3470 3438 Success
11:05:42PM DOW 28247 ‘cess
11:08:26PM NASDAQ 11739 Sorry
11:10:07PM JAPAN 23308 Success

25/08/2020 FTSE Closed at 6037 points. Change of -1.1%. Total value traded through LSE was: £ 3,506,401,056 a change of 13.29%
24/08/2020 FTSE Closed at 6104 points. Change of 1.72%. Total value traded through LSE was: £ 3,095,099,740 a change of -18.48%
21/08/2020 FTSE Closed at 6001 points. Change of -0.2%. Total value traded through LSE was: £ 3,796,928,950 a change of -1.91%
20/08/2020 FTSE Closed at 6013 points. Change of -1.6%. Total value traded through LSE was: £ 3,870,716,769 a change of 8.2%
19/08/2020 FTSE Closed at 6111 points. Change of 0.58%. Total value traded through LSE was: £ 3,577,441,706 a change of -6.9%
18/08/2020 FTSE Closed at 6076 points. Change of -0.83%. Total value traded through LSE was: £ 3,842,583,289 a change of -9.83%
17/08/2020 FTSE Closed at 6127 points. Change of 0.61%. Total value traded through LSE was: £ 4,261,456,332 a change of 16.19%