The BooHoo investor / day trader20 Apr 2022 19:46
Anyone investing in BooHoo will have picked up on the financials & company outlook as well as the chatter in various forums. Investors are content with growth over a time period (conventional thinking)
Day traders seek short term profit & speculate on the next dip or peak.
Hybrid trading combines both approaches to accumulate the growth by constant trading on the highs & lows.
At present, Traders find that there is an 87p to 92p range. SP mainly dips first thing in the morning, levels then will either drop further or start a steady rise to the following day.
Current resistance levels are 86p therefore extremely unlikely to drop below. SP should currently be above 106p & the auto bots are busy pumping. Most investors want to see the SP over 200p minimum.
This share is easy to predict - If you believe it looks like its going up or down it will do exactly the opposite when it moves a penny. Invest against you instinct to prosper.
Bad economic news is a continuous theme this year. The effect on this company will be minimal compared to other fashion houses. Most brokers see the SP 150p and higher.
Be a Boo fan - Buy BOO.