From a purely technical standpoint Express Inc is priming for a long position. We had strong rejection on the Fridays candle which coincides with a strong weekly support and has confluence with the .382 fib.
Target is the previous high of 20.70. Relatively tight stop giving us 2.5:1 Reward:Risk ratio.
The only fundamental analysis I have viewed are the earnings from 26/08 which exceeded expectations by 10c.
Target is the previous high of 20.70. Relatively tight stop giving us 2.5:1 Reward:Risk ratio.
The only fundamental analysis I have viewed are the earnings from 26/08 which exceeded expectations by 10c.