Resistance 83, 97

Support - around 50 (cluster of trendlines), 25, 12

Hi RC,

Yes this was sold off on the results, I'm not panicking in this just yet.
The sell off was profit taking imho.
Can you post a chart please?

I see it holding the 20 & 50 day ema. Which is always good sign imho.

Tbh I'm looking to hold some of these for the long term.
Fundamentally I think it's going places.
It's the a lot of the same team that started Asos, with a new venture focusing on the India Market.
The results Friday were pretty were good, the ipo here was at £1.50.
It subsequently fell to around 15p on fund raising and the Jan sell, it's now in it way back, but let's see.

Atb, dyor wdik.
Trendfriend

This one does not look good!

They announced results on 29/7 which were not good and selling was on a VERY HIGH volume


This has gone through trendline on my charts TF so I am expecting further fall here

There is minor support at 50p area but the real strong support is much further below

Good Luck!

Well i'm long on this and it got dumped Friday!!

However it did manage to bounce back a bit, and it tested the main trendline, which held.
That close just above the the 20 day ema, was crucial, i added on Friday, and holding a bit more of these now, than i'm comfortable with tbh...holding actual shares, and i look think it has long term potential, so happy to hold mid to long term here...

Lets see how it does this week, a close below that trendline and moving ave's should see a further p/b.

atb, wdik, dyor.
trendfriend

I'm currently long on this, at 82p.

I think it looks bullish, and the initial mid term target is over 100p, possibly as high as 115p.
My stop is at 50p (for now)below the 20 day ema line currently around 62p,, and 50 day ema and trendline at around 55p.

Daily here.

This could drop to around mid to low 60's, as the rsi is very over heated, i intend to add if it goes around there.



Weekly.
Shows the target at around 115p.


This does move quickly, so not for everyone, i like the setup here, i think it's very bullish imho, so i'm long with quite wide stop, and actual shares not s/bettting or cfd, as i'm thinking of holding some of these for the longer term.

dyor, atb, wdik
Trendfriend