Mulberry Group Share Price (MUL)

Leading sector riser today on heavy volume. Sector chart is breaking upward out of a bullish reverse head & shoulder chart price pattern.

MUL, overhead supply from previous trading volume, is 19 months past and overhead supply from equity selling usually loses it's significance after 24 months.

The long term quarterly chart shows the RSI(relative strength index) for quarter April-June26, has made a bullish failure swing through crossing above previous historical RSI swing highs. The last time RSI was higher was in year 2012.

RSI, is above the value of 50 in both daily & weekly charts, which signifies an bullish uptrend. Today rally has pushed the sp above the volatility based upper Bollinger band on both daily & weekly charts, confirming separately the bullish uptrend is in place. A sp target of 149.82 looks reasonable suggesting a percentage upside of 22% from today's sp. DYOR.

Tempted to bail here but staying in hoping the Frasers team can have some influence

Well I hope that Ashley never gets hold of this company. I'd rather see it liquidated than see a future of cheap far eastern produced handbags piled high and cheap in Sports Direct. House of Fraser was once the top Department Store group in the UK and included Harrods. Now look at it, Rackhams in Birmingham and HoF in Telford are like jumble sales. Donnay, Fred Perry and Slazenger were top sports brands along with many other that he destroyed. Evans cycles and Wiggle were both great for the cycling community. This man is the kiss of death for quality.

I think 165-170p feels more realistic. What with Ong facing corruption charges in Singapore he might be more minded to avoid a feud with Ashley.

Latest BoD RNS is classic 'WTF is going on'. It is they and the business that are untenable, not the bid.