@liampmangan, I made the charts simpler as the one above is quite messy. I just wanted to see every level on all the timeframes.
Looking at the 6 month timeframe, It bounced of the 6month support and should move up towards first red at 46. Eventually i believe that the top of the reach will be reached at 101. However this could take years
Going down the the monthly timeframe, loosk like 37 is a rejection and should get a bit of a downmove.
My original plan was to go long on this at 16. which is a nice monthly level. But it never hit, unfortunately.
The chart is not really my favorite, that's why i have a fuck ton of levels drawn on it because i had to study how it played out.
I personally would not buy here. But it depends what you are planning, you trading it for years to come or you want profit for the next 5-6month?
liampmangan
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@Granter, I bought in with the idea now we're coming out of lockdown they will still be a big time player in the fashion market trends. at £35 with idea it would at least reach half of it value before lockdown shorted it last year which is like £42 or something. I'm committed to the idea they still play a big role in society and have strong branding with good numbers. Think most believe it to be a year play or longer though.
A7654
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@liampmangan, Well, im sticking to my plan on it, Buy at 16 or nothing. Not worth the risk.