Asos - Asc

thanks for the info Ronmould.
No wonder the chart looks so bearish....same for boohoo.
i think this could hang around this £20 area for a while now....but it could at some point give a quickfire buying opp at around £10.

lets see.
atb,
trendfriend

Not technical analysis but I worked at asos for several years until last year.

Still speak to many there, internally they are in turmoil, they're going to have a tough 12 months just holding the fort even without the impact of market forces/increased production costs.

asc - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...sZoi2Zuh+ES4lb2Abwk=


this has come off some way form the highs....and its currently testing a long term pivot level at 2100/2200 area
a dead cat bounce for the rsi to turn up a tad....and i think it will bust that support to head towards £10.
which is a pretty good long term entry imvho...
All of these clothing retailers will be under pressure due to tightening margins imvho...mid term at least.

lets see...£10 i'm in....otherwise no thank you...
atb, wdik, dyor,
trendfriend

asc - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...cbxUgsp5vsg5MKYGGDE=

this does look strong....its trying to break out of the current trading range. so above 55.50p for the next leg up.
This does every now and then give a buying opportunity at the 200 day ema level.
Catching it at the time is the issue....as it bounces back up quickly...

atb
trendfriend

Thanks for the charts.
I mostly invest in companies sub £10.
Mostly sub £5.
Happy trading
Ta G

Been hoping these would pull back to sub £40 for an entry but cup and handle formation and looks like could be about to breakout if can close over £54.60. Volume has been increasing recently.

Think this has potential to test mid £80's maybe even much higher longer term.