RE: Few thoughts after last week9 Oct 2023 12:17
Seems so Daytradenovice.
Invezz "Crispus" who has been pretty much on the money with this above all the rampy noise spouted here states:
"The daily chart shows that the BOO stock price formed a small double-top pattern at 39.73p between August and September. In technical analysis, this pattern is one of the most popular bearish signs.
Boohoo shares have now crashed below the key support at 31.86p, the neckline of the double-top, and the lowest point between June and July. The stock also plunged below the psychological level at 30.05p (September 2022 low). It remains below the 50-day moving average.
Therefore, the shares will likely continue falling, with the next key psychological level to watch being at 25p."