Trading Idea - #ASOS

BUY. Take the chance!

ENTRY: 3235 Pence
TARGET: 5782 Pence (+78%)
STOP: 2658 Pence

ASOS PLC is a global fashion retailer. The company sells its goods on The company's segments include UK, US and EU. ASOS sells approximately 85,000 branded and private label products, which include jewelry and beauty collections, as well as men's and women's fashion, footwear and accessories.

1.) The share price of ASOS is at a decisive support level (2800 to 3000 Pence).
2.) The share price weakness despite the ongoing online boom offers some attractive opportunities for investors.
3.) At online fashion retailer Asos, the conditions are good that sales will ultimately meet market expectations. This is decisive for the further development of the share price.
4.) The current price is far below the average price target of the most influential analysts, even though they have lowered their price targets slightly in recent weeks. This may indicate a potential increase in value.
Trade closed: stop reached - Algo Trading and Analysis

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