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TOPIC: Asos

Asos 04 Mar 2015 14:11 #1

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uk.advfn.com/p.php?pid=chartscreenshotsh...6w%3D&symbol=L%5EASC
just rechecked the chart, its looks to have bounced off the t/line.... :huh:

im long, @3020 stop below t/line...

regards,
trendfriend :)
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Asos 04 Mar 2015 12:42 #2

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My understanding is that the target of 5153 came into play when the price crossed the 2922.41 level as per attached chart (which is the blue vertical line of Xs). The 45 degree lines are support and resistance.

I have also taken the liberty of adding bollinger bans which can also give an indication of support and resistance.

Please note I am no expert in P&F nor TA, this is my interpretation, if someone has a different views I will be happy to hear from them.

GL Ocean


ASOSPLCORDv1.gif
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Asos 04 Mar 2015 12:10 #3

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Hi Ocean,

some great P+F charts, thanks.
not exactly sure what the ASOS charts saying! can you please explain?

thanks in advance.
trendfriend. :)
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Asos 04 Mar 2015 11:57 #4

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P&F chart fyi

ASOSPLCORD3.5P.gif
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Asos 04 Mar 2015 11:50 #5

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This looks like a potential trendline bounce here.
i'm going to go long @ 2975p. first attempt only.

uk.advfn.com/p.php?pid=chartscreenshotsh...4yUw=&symbol=L%5EASC

regards.
trendfriend
Last Edit: 04 Mar 2015 11:57 by Trendfriend.
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Asos 06 Feb 2015 14:12 #6

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uk.advfn.com/p.php?pid=chartscreenshotsh...+B7Q=&symbol=L%5EASC

I still this on the breakout at 3000p, as it broke its recent trading range, and resistance. ;)

I kept my stop tight after seeing Remo's post!
its up a nice 5% from then, so happy with that, :P i think its got more to give, so holding out for now

ATB, and good weekend folks,
Trendfriend.
Last Edit: 06 Feb 2015 14:13 by Trendfriend.
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Asos 04 Feb 2015 10:02 #7

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looking at your chart....Its a no.. :ohmy: :ohmy: :ohmy:
123 low has to come at the bottom of a trend and not any where else..
The 123 low breakout happened back in october 28th


dl.dropboxusercontent.com/u/4899609/asos4thfeb2015.png
Information Purposes Only, Do Your Own Research
remo
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Asos 03 Feb 2015 17:06 #8

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Hi Folks.

Remo, this looks like a potential 1,2,3 formation, as always would appreciate what you think please? :)
Not been trading for a bit, so a bit rusty lol! :side: :silly:

2990p is the break out point, RSI is on resistance, so need to break as well imho..
The link,
uk.advfn.com/p.php?pid=chartscreenshotsh...CVOU=&symbol=L%5EGKP

ATB,
Trendfriend :)
Last Edit: 03 Feb 2015 17:06 by Trendfriend.
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Asos 27 Aug 2014 18:10 #9

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Great call TF, well done!
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Asos 27 Aug 2014 12:27 #10

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Got my numbers for support and resistance prices mixed up in the post below, at 9.06am. (rushing to leave for work)

This is correct S&R for ASC.
3331
3213
3098
2975
2696
2284
Last Edit: 27 Aug 2014 12:28 by Trendfriend.
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Asos 27 Aug 2014 09:15 #11

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I got out with a small profit, from memory on that one.
As the trend was still bearish, as Remo says never catch falling knifes!
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Asos 27 Aug 2014 09:08 #12

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Looking back to the start of this thread I see you were long this stock last May at circa 4000…… did you get out at a decent 4000+ before the fall back to 2000?
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Asos 27 Aug 2014 09:06 #13

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That would have been a good idea Earl, maybe i should have closed @ £27+

However if it can close above, 2396p. The next resistance, looks to be around @ 2575p.

As the setup is good(we had the trendline break) and the bounce is strong, i'm going to hold on a bit and see where we go over the next few days.
I have moved my stop up off course, so gonna let it ride for now.
Regards,
Trendfriend :)
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Asos 27 Aug 2014 08:43 #14

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Nice one! Always good to see analysis followed by trade followed by strong rise!

What's your target here? Or are you already out at 2700+?!
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Asos 27 Aug 2014 08:35 #15

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This looks amazingly strong, looks like its done a bigger 1,2,3 low just now! :woohoo:

uk.advfn.com/p.php?pid=chartscreenshotsh...W6ns=&symbol=L%5EASC
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Asos 27 Aug 2014 08:13 #16

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I'm long here on the breakout, my order got filled @ 2420p, not the ideal entry price, but the best i could get. :(
lets see it goes

Regards,
Trendfriend.
Last Edit: 27 Aug 2014 08:18 by Trendfriend.
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Asos 26 Aug 2014 22:50 #17

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This looks to be a very good setup building here.
This is a long term chart, showing the massive fall from the highs, £70 to £20!
uk.advfn.com/p.php?pid=chartscreenshotsh...z0%3D&symbol=L%5EASC

Note bottom right hand corner, the break of the down trend line.

This is also close to a 1,2,3 low as shown in this close up.
uk.advfn.com/p.php?pid=chartscreenshotsh...9Q%3D&symbol=L%5EIAG

The break will happen at 2377p, say 2380p to be safe, this is where i intend to go long, it will also be a break of the 20 day ema, and all of this should give this a additional boost, as technical traders will looking at this level to go long.

It would be good if someone could check my charts/numbers.(had a long day and i'm tired) :unsure:
Any comments would be appreciated.
I think this could be a good trade, lets see if we get the 1,2,3 low, and how it develops tommorow.
ATB,
Regards,
Trendfriend.
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Asos 08 May 2014 09:28 #18

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i'm long on this today.

uk.advfn.com/p.php?pid=chartscreenshotsh...6s%3D&symbol=L%5EASC

Good day folks,

Regs,
Trendfriend.
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