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@chrisengland I totally agree with you as currently it is moving in the fix range upward since 16th July.
I does trade in the range of 20p. Currently the high is 292 and low is 272.. High and low is constantly moving upwards..
According to this pattern it should cross 300 next week but before that it could also touch 275...
I am unsure how you can speculate that 270-300p will be the range for the next few weeks. This share belongs at 350 upwards, with the recent purchase of 33.3% for the remainder of PLT, plus oasis and warehouse all this year. People have been forced into buying online more than ever. All these factors pushed the price to 400p + which the share price consistently stayed above.
The reason for the drop as we know was down to slavery accusations, which so far have been proven incorrect. The most important day of the year for boohoo is 30th of september when the half year results are presented along with the results from the slavery investigation. As expected boohoo, will smash expectations and this will push the share back to its original heights of 400p upwards, as per the target price of 600p in 2-3 years.
I disagree, it is quite easy to predict the small level of pullbacks on this stock.
Imagine or hope lol. Peeps were saying that at 250 then 260 then 270... Then 280 —
At 350 sellers will be saying this is pulling back to 300 - no one knows. All we know is its up trending strongly and likely to hit or surpass recent highs of £414p but no one can call exact intra day movements on its journey.
Imagine it'll retrace back to 270 before pushing beyond 300.
270-300 will be the range for the next few weeks I think.
Isn’t the 200 dma 291p, once that goes will be a pile in for results.
the 200 dma by around 3 quid is the level to watch. if the shares settle above there then they will head to 350-360. they could then range between 300-360 before moving to 400 again. fundamentally they look good, but you cant see new highs until the overhang of the sweatshops is dealt with. it should however be a issue that can be dealt with and i expect it will be, but it will take another month or so, as they have indicated.
I think it will be a big pull back like around the 10th July. Profit taking at the weekend and there is still enough time for it to ramp up again before the quarterly results next month.
If you hold you'll be fine, but might be a good opportunity to load up with a few more cheap shares on Monday. For the braver amongst us, might be an opportunity to try and day trade if you sell now.
3% a day starting with £10k you'd have over £2M this time next year.
The joys of compound interest.
3-4% difference can be enough to offload and re-load to make a sizable profit, especially over the course of a few days. Of course, that depends on how many shares you are trading, and the platform you are using taking into account fees.
Why does it matter if it drops? where do you expect it to go :D
Maybe a pip or 2 but not enough to sell and buy back. Next week on current trend its likely we will be in the 3 quids and looking up at 4..
I'm expecting a small pullback like yesterday. Boohoo is quite consistent in the way its played.
It was a stellar performance compare to market in last few weeks. As long as it stays above 280, I have got not worries.
Small retrace is healthy for consolidation.
Looks like it's going to hover as it consolidates at 290. 11.3% increase in 7 days is still nothing to complain about, think I said the same yesterday about a 7% gain, lol.
Hang on to your shares.. There will be a small pull back.. It's Friday so there will be few sellers before the weekend but upward trend is intact.