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I've done an analysis on the chart of it's move up from 28th December.It's still giving hope for the Bulls even if it goes lower from here.It's one hell of a difficult job to read this chart.But so far the Bulls are still in it,all be it just!!!!!.
I suppose if it was that easy to get shre prices right everybody would be rich,and they ain't!!.
I've been on here since 200p, and realised that some on here haven't a clue about investing or doing any sort of analysis.
People may love backing the horses,but if you are no good at it,give it up!!!!.But like most things,people don't for some reason!!!!!.
I t would be nice if 31p turned out to have been the bottom as it would fit in with something new that i have been working on.On the other hand a fall would reaffirm what the chart has been indicating,though the chart of Boo has been and still is difficult to read.Maybe it's all been a case of an AB base that has sunk all of us chartists ?.
Good luck all.
Bye the way is it 3pm when they make the announcement tomorrow ?.
No argument here with your candlestick chart?.But i'm not sure about things,such as pullbacks penetrating previous highs (looking at a weekly chart).Looking at the run up from circa 31p on 1th October (a bit lower on 28th Sept),it resembles a correction pattern,which i find disappointing.
This S.P. has been very hard to analyse since circa 200p,crashing through support levels and giving a lot of false dawns.
I do this share on the basis that if i get this right,other shares must be easy to work out!!!!!!!!!.
Feel free to comment on my post,promise i won't act like a "geezer " from down the pub,for as we know if we knew everything ,and got it right ALL the time,we wouldn't be posting on here,we just wouldn't bother ?.G.L.A.
As i said before,"the news follows the stock market,the stock market doesn't follow the news".
if the Market goes up,they look for good news to explain it away.If the market goes down they look for any bad news to explain it and ignore any good reasons for it to go up. Simple.
Bash,why are T.A. calcs etc Bull poo ?.Please explain,as i value all comments on here and take them on board.
Agree T4G,let's hope that FINALLY there is lift off.
Yes Hopeful118,spot on.Seems obvious.Lets hope that all that were underwater loaded up at 31p,and end up not drowning!!!!!!!.As somebody posted earlier,never go all in.2% of your total portfolio only in any one share at a time.Try and keep 50% liquid so the you can pick up bargains when they appear.Some people have a windfall from say a relative and invest ALL the money at the same one day (a lot of shares bottom as we know years apart).
As i see it,many online companies made the mistake of trying to go too early into the American market.This happened to Tesco some years back.Ever go into a Publix supermarket over there ?.Just walking around it gave one the an impression of David taking on Goliath!!! (but not with the same outcome!!).
It's been confirmed by most that all online companies expanded too fast,and are have now moved (or are still moving) back to a more realistic S.P.
Idiots still refer to "the High Street"as a yardstick,when comparing things,which of course is ridiculous.Debra Meaden let the cat out of the bag when she pointedly replied to a pitcher on Dragon's Den that "the High Street is dead,it's not coming back",meaning long term it's finished.
I came on here some 6 years ago saying that eventually everything will end up online.Covid accelerated it.The S.P. has now discounted armageddon,and circa 31p now looks even stronger that it was the bottom,but with a few reservations.
I now think that this is a definite case based on charts and everything else,to be a case of looking for a breakout to happen on a chart before investing in Boo.Somebody posted the other year that better to miss the first 10% of a rise and get a confirmation rather than keep jumping in and losing 10 to 15%,because you got the bottom wrong.,and it sure turned out to be good advice .How many false dawns did we have on here!!!!??.You can always get in on a pullback.
Surely the Boo Update can't be that bad !!???,one imagines !!??.Surely they can't **** it all up ?,the figures won't be THAT bad !!!???,surely ??.
If you bought at circa 31p,a good call,all you have to do now is to sit and wait.Online has always been the future,and i'm sure all the Pubs ,small shops and even bigger shops in High Streets will be turned into Amazon Boohoo etc hubs.
G.L.A.
19th Jan.Charts can be changed by more than expected good news.So if the TU is a lot better than expected,shorters will catch a severe cold.
31p (30.76 ?) is still the recognised bottom,a double bottom in fact happened on the 28th.So the S.P. can still surprise everybody.
I hasten to add that If the TU is not looked upon as very good and BOO goes on to close below 29p some time in the future,i'm afraid that the last chance saloon is over for Boo.This is not saying that it won't eventually turn one day.But according to my calcs,when it happens and at what price, it won't be anytime soon.
Best scenario would be a sign of base building forming.Then it could eventually one day break-out from it's pattern.But when and at what price would be difficult to predict.
The next week should be looked on as pivotal for the S.P. .G.L.A.
Looking forward to your reply.
"clear as day on the chart",ok Aldebaran.i have the chart in front of me,take me through it step by step.I'm all ears ,(and eyes).So where are we on Elliott wave and other Technical analysis.
Agree entirely what you say about a double bottom.But other T.A. worries me.Also some of my own research into new stuff means that some things do not sit right.There IS a lot to suggest that Boo has bottomed,but i waiver as to whether to buy.
When looking to buy any share, investors i'm sure have a minimum number of positives they require to reach before they press the buy button.Obviously some decent buys are missed doing this,and some dogs are thankfully not invested in..Boohoo does tick a lot of my boxes but just not enough yet.Yes i may be missing a golden opportunity,we shall see.
I think that anybody using T.A. would agree that the Boo chart since it's fall from 415p has been very hard to read.
If anybody out there can analyse the whole drop from 415p i'd like to hear from them,even if some of it is a tentative guess!!!!.Sometimes you have to sit back and see how some patterns turn out before making a determination.
The problem is that Boo's fall has been so steep it's very hard to read.G.L.A.
Save me checking the date,What is happening on 13th Feb.?.That makes it significant ?.
I go with the Elliott wave theory mainly as regards charts.The problem is the volatility of Boo's chart is so volatile that i can't get my head around "running corrections"and "extensions" within chart moves.
I've done Elliott many times and correctly got the absolute bottom turning point with other shares correct.
What i need is somebody who can fill me in as to where we are Elliott-wise.I do my own research which is out there in left field,and at the moment we are in a critical time period where as i see it,it's a make or break time for Boohoo.
Chart-wise this has been a appallingly weak chart to analyse.So if anybody out there has a bottom worked out T.A.wise i would be grateful.Doesn't neccesarily have to be Elliott based.
Absolute bottoms are achievable in T.A.,any help ?.
Seeming there are other shares we can invest in ?.Maybe Boo is too hard to read.Much chat that there is a disconnect between the company and how much it has grown since it was last 22p and the S.P. now.
If it is that much of a disconnect,one wonders if a companies share price bares any relation to reality at all!!!!!!
Just looking for incisive comment.
Yes well you have put up a WALL between my post and any other poster that would read my post and comment.
If you are fed up of replying to so-called fud,why don't you all comment on my post ?.
Any takers ?.
One could argue that Boo has done a double bottom.First time on September 28th,and again on the 28th Dec.
This would fit in very well with other things.So,it's all to play for.
I would suggest that any close below 29p would be a bad sign and i would even say that if it hit 25p,i would be in a quandry as to buy as it doesn't sit well with some of my calcs.Buy at 25p if it goes that low (NOT saying that it WILL),if you wish ,(one last to average for those underwater ?),but i have reservations.Good Luck All,and it's needed with a share like this!!!!!!.
Only enquired as to any particular reason as to Jan 10th.No real reason ?.With all the tripe written on here,thought a reply would have been forthcoming ?.
With respect to you both,why Jan 10th ?.I have it at now is the time.Also,why is there Pandemic in China,do they not have the vaccines that we have ?.If not why ?.All Countries should not accept anybody with a Chinese passport into their country until Questions have been asked and answered.
Better to be safe than sorry.If they have a new variant.WE DON'T WANT IT!!!!.Simples,tho with planks in charge at the mo,anything could happen!!!!.