What we have seen in the last years was that ASOS always reached heights of around 60. I wouldn't doubt that it will happen again.
So far the peaks were usually at the beginning of the years (January-March). Since it didn't happen this year so far maybe there will be a climb starting up to a new peak in January-March 2024.
Even if it "only" goes to 40 it will...
My trading idea for ASOS - Buy / LONG
TARGET: 24.00 EUR (+125 %)
STOP: 6.50 EUR
ASOS PLC is a global fashion retailer. The company sells its merchandise through ASOS.com. The company's segments include the UK, the US and the EU. ASOS sells approximately 85,000 branded and private label products, including jewellery and beauty collections as well as men's and...
Price hasnt been at these lows since the pre-pandemic crash last March. It is a significant historic low which is also a monthly support level. Its a good price for a stock that will certainly do well in the longer term. For a swing trade, getting in now and targeting range-bound resistance (confluence with 50% fib retracement zone) looks a solid, low-risk play.
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 ASOS.com. 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,...
This will be a long term holding for me.
I have entered my first buy at 2339 small position as I am getting in a little early.
I have a larger buy for 2195 and another at 2135 as price approaches the weekly support area highlighted.
Shares have tumbled 60% from their post pandemic high, and 71% from their ATH.
The company has been rocked by the sudden and...
