Member Info for Kando

Mid 92 is now the ceiling to test. So far it's bouncing down just below that trend line from the start of August. Keeps getting close but doesn't seem to want to touch it.

Getting paid to read the chart sounds nice. How much do they pay?

Beep boop.

It's not clear, but they're all ecommerce pandemic darlings that came back down to earth and seem to often be mentioned together in the same articles when covered by the press.

If anything I'd guess shorts have been increasing yesterday and today.

Cong. It's mostly that THG was up 100% in 3 months, and up over 200% from all time lows. Shares like Boohoo and ASOS who have often tracked similar trends to THG are already at or circling around their lows. They are bouncing off the bottom and feeling out if they want to break down even lower, whereas THG has a lot of recent gains to fall back through first, hence why THG appears to be falling harder.

Exactly Monty, totally agree. 200p is easily achievable.

It's hard to say, Yespsb. Depends what support there is in the 60s. If it doesn't hold there it's probably 32 again. Depends how long this pull back lasts and how soon it tests the first support. If it tests it in a few days and the market stays risk off until mid-September, then it could easily revisit 32 again. The momentum it's carrying is not favourable right now.

Not yet.

Risk off market pullback care of China woes, sticky wage and service inflation and thus rates higher for much longer, AI boom rightsizing.

From a TA perspective, THG and other shares have been throwing off very bearish signals since last Monday when it broke down below a 3 month trend line, followed by a failed breakout from a new downward trend, and now seems to be in an accelerated downward trend that would see it testing the next support level by Thursday.

There's a new, much steeper trend line now, which it has now tested 5 times, having butted up against 90.5 this morning. Seems like it'll be searching out support by Thursday and probably starting that movement this afternoon.

"To be fair, if they're not good results, then quite honestly, we deserve to be back down in the 60s or lower but this would be a disaster for me and many others. It would be egg on faces all around given the recent posts. THG would be a laughing stock (no pun intended)."

I like THG as a prospect, as a business going forward - the brands are strong, but whether we like it or not, it is already a laughing stock. Every weekend for nearly 2 years the company and founder have been derided in the sunday papers. The amount of times Matt Moulding's shirtless photo has appeared in the Business pages is just plain weird now. Matt simply cannot stop venting his spleen, whether from a position of strength or weakness, he cannot stop himself and it so rarely reflects well on him or the company. Nobody should be reading all that much into rant number 46 of his lonely campaign to right all wrongs. Every pullback the posts on here claim there's a plan, that he's smug and confident, soon to surprise the shorters and take his revenge. But the real plan as far as anyone can tell, is to trade themselves out of this. There's no shortcuts.

"Kando

The lowest price ‘on book’ trade was at 11.11.22 @ 86.06

The 5 lower priced trades were all off book"

Unfortunately algorithms and traders don't care about that distinction. It fell through this supposed support. Low of the day as recorded on lse was 85.70.

But it dropped to 85.72...

His trusted 86.06 support line broke at the first test, even in his own screen shot. Bizarre that he didn't even consider 93p support.

But for what it's worth, I broadly agree with this:

"2024 should be nearer 180-200, or 1.93 at lower end"

I think the long term trend will see it in that range by mid-late 2024. Short term, obviously you don't want to discuss, so let's not.

I'm really sorry you're taking this so personally Goodtimescoming.

Can you not just say you disagree with your reading of the chart and move on. You're wasting an awful lot of time typing an awful lot of bile.

It's kind of you to be concerned, but your certainty is misplaced. Somewhere in my posting history you'll find my average.

Again, you're discussing fundamentals. This is about technicals. If I disliked the company I never would have invested in it.

"Not sure why you are so short term focused. 3 week view for an investor is fairly embarrassingly short sighted"

Because capital preservation is important? 3 weeks is a long time in a bear market.

"There is nothing to stop him putting out a pre results announcement (via RNS) to confirm better numbers.

Remember results day it not set yet.

That would stop the share manipulation in its tracks.

Maybe too conventional for Matt?"

There would actually have to be better numbers though, in order to justify an RNS. Given the volumes I've seen, anecdotally, I'm not convinced these numbers are going to beat. They ought to meet expectations, probably, but they seem unlikely to beat.

Crowman, not saying it won't, but IF mid-60s doesn't hold, where do you think is the floor?

There's trend lines testing that level either rapidly, by Thursday, or meandering there by mid September. If it's the former, then that momentum could see it smash through that support level too, if there's more negative sentiment in the market to come, beyond Thursday. Where do you see the next support level beneath that?

If you don't agree, share why. That's what the board is for, there's no need to be defensive. The fundamentals of the company are well covered here, often to the exclusion of all else, but this is wholly about technicals. They're not looking all that good for the next 2 - 3 weeks. This is a forum to discuss it.

If anyone else is looking at the chart and sees anything else happening, please share, but it's throwing off some hugely bearish signals and has been for last 5 trading days.

I like the company, but it doesn't operate in a vacuum. If the market drops, it will go with it. Weathermen don't make the weather.