Member Info for Ableton

Interesting analysis on the ASOS SP & why it's so low.

https://www.youtube.com/watch?v=NJ-MibvCN4k

Treacle24 - Link below to the Daily Chart & the 50MA is in red. You'll note that the SP has been below the 50MA for the duration of the trend. The SP could have found the bottom but the important thing is that the SP needs to cross the 50MA plus candles that confirm a trend reversal.
https://filebin.net/u0wth3ooqfyaxjfg

The drop was due to the SP rejecting the Daily Chart 50MA. The SP has been below the Daily 50MA for the duration of the downtrend (same as BOO).

Another example of TA?
Review the Marks & Spencer Weekly Chart & draw a trend line from the 19.5.2019 high to 24.11.2019 high & if you continue the trend line you’ll see that the recent SP breakout started when the 10MA crossed the trend line. Those who have been patience for two years are now sitting on a 40% gain & the early birds who opened a position on the 15.11.2020 when the SP crossed the 50MA have made a profit of 83%.

The Daily Chart is your best friend! BOO has stayed below the Daily 50MA for the duration of the downtrend.
If the SP crosses above the Daily 50MA then this could be a sign of a reversal. Note the Daily has printed a triple bottom (the recent low SP has been tested three times) AND the 23rd November is a Hammer (bullish trading pattern that may indicate the bottom & a trend reversal is possible). GL & DYOR

It appears the SP has bounced off the Hourly 200MA & the Four Hourly 50MA.

100% agree regarding the Daily 50MA & the SP will simultaneously intersect the Weekly 10MA.

100% the Capital Markets Day was the news catalyst that drove the SP rise on Wednesday & news on the CEO position will hopefully also have a positive effect - Nothing goes up in a straight line & expect peaks & troughs with ASOS.

Downtrend over? It would appear so!
https://www.investing.com/equities/asos-plc-technical
5 Hours: STRONG BUY & the Daily technical indicators are showing some promise.

Agreed! A very good start! Between 1st November & 19th November (results day) 2020 the SP increased by around 30% (226p to 295p).

Between 1st November & 19th November (results day) 2020 the SP increased by around 30% (226p to 295p). GLA

Pedro - You may well be correct & 150 it will be.
IMHO BOO is heading North (at pace) in November - Interesting to see how it plays out.....

IMHO the recent lows are being retested (double bottom) & this share will move north sooner than some might expect.

The SP is above / bouncing off the Hourly 200 SMA - This is a BUY signal for some.

ASOS is a STRONG BUY!
DYOR & GLA!
https://www.investing.com/equities/asos-plc-consensus-estimates

200p is a recent key level & has acted as both support & resistance (see the 15 minute chart). Plus the 200p area is the daily Pivot Point. A weekend news catalyst would be ideal!

This is a great website for tracking your BOO position.
https://www.investing.com/equities/boohoo-consensus-estimates

Don't forget - That for every seller their must be a buyer!
ASOS is a STRONG BUY!
https://www.investing.com/equities/asos-plc-technical

According to my IPhone the P/E ratio is 18.29

STRONG SELL across all time frames!

https://www.investing.com/equities/boohoo-technical