Member Info for dwam

I'll settle for £1.50

Selling pressure at 87p is tremendous. Sadly, even if the price breaks above 87p there are tranches of enormous resistance at levels close by. This is going to be a mighty uphill struggle to reach £1.00

Totally agree about the Iran war. The USA is coming to the painful realization of how much its pro-Israel corrupt politicians are dragging it down. As for JD Sports, massive, massive overhead resistance is preventing any genuine momentum building up. I suspect that it is just institutions moving paper around to make profits on the churn. JD Sports is a pure trading share, and it favours institutional traders (insiders). No reason for retail to be anywhere near such a heavily manipulated stock.

There's some kind of global crisis brewing, probably Iran-related but world crises are never quite so easy to predict.

But yeah the atmosphere feels just like 2008 or 2019, before major doo-doo hit the fan. Everyone is fed up, angry and miserable. It always culminates in a catastrophe. Hence why it's very important that JD Sports continues to drift higher so I can get out even asap.

We're all about to enter a world of extreme pain.

Littleaston, I fully agree. It looks like institutions own almost all the shares and they punt them back and forth between one another in order to profit off the churn. In other words, there will never be any breakout upward with momentum. It's a 'dud' designed for range trading only.

Lol @ Steve

Can't wait to flush the turd...

On 10 December 2025 almost 700 million traded hands, and the price meandered slowly downwards thereafter...

This stock is quite clearly a 'turd' with massive excess supply in the hands of institutions who punt it back and forth between one another to make profit from the churn.

Please God let me get out of this turd with a small profit this summer...

I'm worried about JD Sport having so little genuine public (retail) ownership. Astronomical volume bumps like that mean institutions are in total control of the price action. Under circumstances like that it's very difficult to have genuine momentum. I am looking forward to getting out of JD Sports as a buy-and-hold, and as a matter of urgency!

Never mind, I see it in the trade history of this site.

Wtf is IG.com getting its data from...

Where is that information coming from? IG.com says 5.3 million traded today... versus 18.7 million on Wednesday and 8.2 million on Thursday

Is it just me or did almost nothing happen today? I'm double- and triple-checking to see if my charts are being updated...

Yeah, almost nothing happened today price wise. Not much volume either... could be a sign of the 'sell in May and go away' phenomenon?

There is a sentiment change in the more affluent parts of UK high streets. These places are now far more 'diverse' (which means the white native people have been replaced) and there are lots of 'guests' who have taxpayer money to spend on things like overpriced sneakers. And yes, it's a summer of sports. So I am looking to exit JD Sports at a decent price this summer. I have changed my outlook on this stock - I originally bought in thinking it was a well-managed steady grower, but it is clearly a 'cyclical' stock and must be traded in and out of to consistently make a profit from.

*Wednesday's gains

Yesterday's price action began looking like it could be an 'engulfing' (where Friday's gains were totally erased and the price closed clower than Friday's opening), but by the end of the day it looked like healthy consolidation, with almost all of the sell supply bought up. JD Sports has accumulated massive overhead resistance because of years of lack of demand, but I am now confident that we've finished the accumulation phase and we are going to get a decent mark-up phase. How decent? The length of consolidation would imply that this mark-up should be explosive and take us well beyond a mere £1. But history advises us not to be too hopeful when it comes to JD Sports...

Honestly, I would love to see that gap filled - between ~£1.05 - ~£1.12

Is it too much to ask for?

Could fill a gap at 80p.

If price closes below that level today, however, there will most likely be more selling pressure back down towards 75p. I hope it doesn't and I can get out of JD Sports altogether with a small profit.

If JD Sports closes at the current level at the time of writing this looks pretty good for a potential extended third wave which means we get to £1.00 at least.

I bought in at a stupidly high price years ago and have been averaging down ever since.

A lesson learned for me, because the last five years have been hard going.

Five years... damn. If only I'd put that money in EQQQ I'd be a plum and then some.

Sweet Jesus. JD Sports even has deeply disappointing upswings. Everything about this stock stinks to the high heavens.

So if that's it, we get a small selloff followed by one more (weak) upswing before a substantial retracement towards 70p.

It's going to be a long hard road to £1.00 ... I might sell out completely before then, because I'm not waiting another five years to break even.

Stinker!

It's a wave 3 confirmed. Let's just hope it extends and gives us a chance to get out even or with a slight profit.