ASOS has clearly done well during the first half of 2020 driven by the increase in consumer online purchases. With these trends set to continue, ASOS is in a prime position to take advantage of online spending coming into the summer months.
With first Q earnings towards the end of July, I expect a steady rise in the price to around 4086 over the next month. Providing we don't get a global second wave of course.
Needs to break the 200dma first I think and consolidate above that
deanburtonuk
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I was lucky enough to make 89% on Asos its an udervalued stock even now I think especially with Boohoo pushing them. Good long hold im still in swing trade season until 2021
GOOD LUCK HOPE THE TRADE GOES WELL
nordle
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I'd say some resistance up coming
UnknownUnicorn6143670
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What indicator is on the bottom please ?
Everforum
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@CassDabi, I'm guessing it's the MACD.
BH42
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@CassDabi, Yes this is MACD
TFFX_
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Nice post. I see medium term resistance around 3600-3650 mark, but would be good to see the price action should it break this level. I think a failed attempt at that may see it back to the 2900 level.