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barnabygraham
Nov 4, 2021 8:18 AM

BOO - Long term investment Long

BOOHOO GROUP PLC ORD GBP0.01LSE

Description

Testing anchored VWAP from inception
Volume profile zone of support (for now)
AVDP indicating accumulation (10m data)
Lowest price to sales ratio ever

First scale in here at the anchored VWAP. I anticipate a possible flush under 130.
Comments
United1999
Are you expecting another dip, or continuation from today’s push to the upside
magnum82
you nailed it with the flush i got in on £1.22
barnabygraham
@magnum82, Brutal! Way faster drop than I expected. 1.14 is the measured move of the bear flag. Am I missing something? This is a revenue growth story for me. I'll be nibbling more soon.
magnum82
@barnabygraham, ya gutted i hate being under water trying to catch a falling knife might put an order in at 0.80 , can see this getting fired back up to the 1.70 to 1.90 range quickly if we see a mini santa rally this week ?
barnabygraham
@magnum82, Possible but unlikely in my opinion. I'm in no rush. UK just tapered and BOO is under scrutiny for avoiding minimum wage laws. Could take a while. Next major pivot support on the monthly is .8515 which was the IPO open when they were doing a tenth of the revenue they're doing now... Sounds fair, right? I'm confident this dip will be a good one to buy, but it could take some time. Don't rush it!
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