Member Info for Ableton

333.51 is the Monthly Pivot Point so a bounce around that level makes sense.

@Splice - If you Google 'Asos and Boohoo rip up centuries of British retail heritage' & click the FT link you can read the article in full for free.

It sounds like your stepson is seeing patterns in the SP movements & if it works for you & your profitable then all's well.
I hope you share your gains with your adviser.

@Bablake No problem! IMO the hourly chart is just day to day market noise & for medium / long term holders the higher time frames really do need to be considered. The hourly may show a local uptrend but the monthly may show a global down trend. You can review historic chart patterns by identifying previous patterns & seeing the SP breakout of a pattern.
A little story….About 25 years ago a friend of mine Matt met up with someone who worked in the ‘money markets’. Matt was a recruitment specialist @ the time & heard that serious money could be made in the City of London. I asked Matt a few weeks later how the meeting went & was trading difficult? Matt said this person said it was quiet easy really & it was all about finding patterns! At the time I didn’t know what an SP chart was let alone what he meant by patterns.

Patterns (shapes) can be found within candle stick charts just like in the natural world – That’s why the Fibonacci retracement levels are used as a trading strategy (If you’re not familiar Google ‘Fibonacci in the nature’ & check out the patterns that are formed by plants & animals based on mathematics).
For trading you should start @ the higher time frames (months, weeks & days) & identify the patterns & medium term trends. Then use the lower time frames (days, hours & minutes ) to time your entry correctly. The most powerful patterns are the ones that keep repeating & get tested multiple times by the SP.
TA is a very powerful tool & should be used along with the fundamentals to determine a good entry & exit point – In fact some PI’s just use TA!

Zoe @ The G keeping the fire burning for Archie!

https://www.theguardian.com/business/2021/jan/14/boohoo-sales-leap-run-up-christmas-defies-poor-working-practices-concern

SP is in a wedge pattern today & a possible breakout / some upside this afternoon.

The deadline for Arcadia Group bids is the 18th January.
After the submission date will the preferred bidders be whittled down further to perhaps 2 or 3 & has a date been confirmed for when the successful bidder will be announced & could this be 8 to 8 weeks after the 18th?

I always read this update - Please keep up the good work!

@danl90 - I'd rather have a shipping / delivery time advantage 50% of the time than not!
I'm with you & investing in a distribution hub across the pond in the land of milk & honey makes perfect sense to me.

@danl90 - You make a very very good point & I'm now going back to my drawing board!
Shein don't offer a subscription deliver service to the USA - So I guess all's well @ the moment on that front!

With my cap firmly in my hand & after eating a healthy slice of humble pie, I'd like too sincerely apologize to all posters on this BB for previously asking about Shein's deliveries & returns! I posted my query in good faith & my intention was to try & calm the nerves of other BB posters because clearly BOO have a delivery ADVANTAGE over Shein!
Can I also mention that BOO offers a subscription deliver service for £9.99 PLUS FREE returns which makes for a hassle free shopping experience!!! Onwards & Upwards & DYOR!

The pull back @ 8.30am was an ideal entry point for day traders therefore I'm anticipating the day traders to sell off this afternoon. I'll be happy if we see some support @ 350. NXT obviously up & ASC @ +2.0% which is positive.

The pull back @ 8.30am was an ideal entry point for day traders therefore I'm anticipating the day traders to sell off this afternoon. I'll be happy if we see some support @ 350. NXT obviously up & ASC @ +2.0% which is positive.

@Jimmyboy - Very well done! Strong uptrend on the NXT Weekly chart & I totally agree regarding a positive indicator for BOO.

It will be interesting to see if the NXT SP holds above the open or the previous high over the coming days.

IMO the Shein delivery & return times put a lot of potential customers off! From my experience teenagers who get pocket money & have never heard of the saying 'buy cheap buy twice' will put up with the time scales to save some cash.
I've never returned items to Shein - Does anybody know how long this takes & how long for a refund & do you have to pay postage? BOO offering a subscription deliver service for £9.99 PLUS FREE returns makes for a hassle free shopping experience!

Does anyone have an accurate % of Top Shop online sales pre & post Covid (if available) and their online sales growth over say the last decade?

Have the 3.7billon Shein views on Tik-Tok been independently verified?!? If not I'd take the 3.7B with a pinch of salt!

For me acquiring Top Shop would be a bit like buying an old run down house & renovating / modernizing the house in the hope the money spent would increase the value of the house. If the renovations are done correctly & the house is in a good area & there is a demand then the value will increase. Thing is when you buy an old house you always end up with problems you didn't know existed until you moved in - Therefore there are known & unknown risks involved.
If an additional brand is required it may be more cost effective to just start a new one & I feel Top Shop needs BOO rather than BOO needing Top Shop.
BOO could always let someone else try & sort the Top Shop mess out in the first instance & if Top Shop fail again in a few years time buy the brand @ a vastly reduced price.