Centrica Share Discussion Threads

[supermarky] 28/11/2017 22:17

As for Centrica (CNA), we have a massive argument demanding it bounce from 136p. Or at least, we had, prior to the market opting to gap the share price down to our supposed "bottom" level the other day.When a share price illustrates this sort of manipulation, we always regard is as the opening salvo of a new trend developing and, as it was forced down, it's unlikely such a trend shall be upward.The immediate situation is a little awkward with the price requiring better than 149.5p to give a clue of a bottom being "in" and some moves toward 156p can commence.While this comes close to covering the manipulation gap, ideally we'd demand the share price better the light blue line on the chart below, the prior downtrend currently at 165p, before daring make the assumption the market has made a dreadful mistake and intends correct the error. Who knows, perhaps some bright spark will come along with a good idea.In our experience, this isn't going to happen without game changing news.More likely, it now appears any weakness below 133p risks a continued drop cycle toward 102p with some bounce potential. The severe (and stupid sounding) secondary calculates at 66p. This is a point where we'd hope some real recovery to commence.Finally, the share price requires exceed dark blue, currently 197p, for hope of generating some proper upward travel.

[supermarky] 28/11/2017 22:17

As for Centrica (CNA), we have a massive argument demanding it bounce from 136p. Or at least, we had, prior to the market opting to gap the share price down to our supposed "bottom" level the other day.When a share price illustrates this sort of manipulation, we always regard is as the opening salvo of a new trend developing and, as it was forced down, it's unlikely such a trend shall be upward.The immediate situation is a little awkward with the price requiring better than 149.5p to give a clue of a bottom being "in" and some moves toward 156p can commence.While this comes close to covering the manipulation gap, ideally we'd demand the share price better the light blue line on the chart below, the prior downtrend currently at 165p, before daring make the assumption the market has made a dreadful mistake and intends correct the error. Who knows, perhaps some bright spark will come along with a good idea.In our experience, this isn't going to happen without game changing news.More likely, it now appears any weakness below 133p risks a continued drop cycle toward 102p with some bounce potential. The severe (and stupid sounding) secondary calculates at 66p. This is a point where we'd hope some real recovery to commence.Finally, the share price requires exceed dark blue, currently 197p, for hope of generating some proper upward travel.

[supermarky] 28/11/2017 22:17

As for Centrica (CNA), we have a massive argument demanding it bounce from 136p. Or at least, we had, prior to the market opting to gap the share price down to our supposed "bottom" level the other day.When a share price illustrates this sort of manipulation, we always regard is as the opening salvo of a new trend developing and, as it was forced down, it's unlikely such a trend shall be upward.The immediate situation is a little awkward with the price requiring better than 149.5p to give a clue of a bottom being "in" and some moves toward 156p can commence.While this comes close to covering the manipulation gap, ideally we'd demand the share price better the light blue line on the chart below, the prior downtrend currently at 165p, before daring make the assumption the market has made a dreadful mistake and intends correct the error. Who knows, perhaps some bright spark will come along with a good idea.In our experience, this isn't going to happen without game changing news.More likely, it now appears any weakness below 133p risks a continued drop cycle toward 102p with some bounce potential. The severe (and stupid sounding) secondary calculates at 66p. This is a point where we'd hope some real recovery to commence.Finally, the share price requires exceed dark blue, currently 197p, for hope of generating some proper upward travel.

[nortic 007] 28/11/2017 19:01

Been a long time since I bought any. Not a cheap sport when things go wrong.

[w1ndjammer] 28/11/2017 17:49

might average down if this has turned, less than 11% to break even.

Nortic you know your sails, North are very good, my laminated main is nearing
the end,might just get another season out of it. cost me £10k back in 2009

WJ.

[supermarky] 28/11/2017 17:15

Skinny now that the monthly long term chart hit the dire support level are you now a buyer at these levels? Looking at the monthly long term chart sure does put this in perspective.

[capeview] 28/11/2017 16:58

I wonder if the tune will change if we stopped watching for a few months.

[tsmith2] 28/11/2017 16:56

1.40p on the money. She turning

[hamhamham1] 28/11/2017 16:48

'Blue Christmas' by Mickey Gilley (song from 1981) - That;s gonna be my 'Groundhog Day' morning alarm clock song for the next month :)

[supermarky] 28/11/2017 16:42

Amazing. I am crying with happiness.

[orinocor] 28/11/2017 14:02

Stunning performance today. Simply stunning.

[nortic 007] 28/11/2017 13:56

W1Youre IMM's going well. You can get some new North Sails with that.

[capeview] 28/11/2017 13:56

Which Browser you using?

[w1ndjammer] 28/11/2017 13:52

cheers cape

WJ.

[w1ndjammer] 28/11/2017 13:52

cheers cape

WJ.

[w1ndjammer] 28/11/2017 13:52

OOOOooops that didn`t work got the tripple

[skinny] 28/11/2017 13:29

Let's hope its not a case of ......

[tim 3] 28/11/2017 13:26

A positive is since the update it has not taken out the low it made that morning.

[aleman] 28/11/2017 13:24

Spot gas prices are well up on last year. Can't say I'm sure of the significance to CNA but the recent jump seems to be weather-related. Even though it there have been odd warm days down South recently, the North and Scotland have tended to remain cold and now turned windy and showery, too.

[capeview] 28/11/2017 12:30

WJ, try clearing your browser cache, shutdown the browser, reboot the pc and try again. Also worth trying another Browser which is always a good way of showing if it's a browser related issue or not.

[w1ndjammer] 28/11/2017 11:40

Walking the dog this morning went past a gas governing station the gas was
whistling through lets hope some is going to BG customers. A good hard winter
will blow the pessimists into the long grass.

WJ.

[w1ndjammer] 28/11/2017 11:40

double post wtf

[hamhamham1] 28/11/2017 11:40

Gregory. I hope you're right :) but if I had a penny for every time that was said (inc. myself)

[losses] 28/11/2017 11:23

Let's see if we can break 140 today..