DDS looks like a good buy off this support area which includes contact with the SMA's.
Great Reward to Risk Ratio if it can near it's previous highs. With everyone starting to put fashion in mind when they start to leave the house that previous high looks possible.
MACD is okay but not our favorite setup but it's a good technical area where we can get 2.68 times...
The past 3-months' pullback seems to confirm the bearish breakout.
RSI is currently just above 40, and a drop below 40 is needed to further confirm the breakout.
Stochastic is currently under 20, the pullback was so quick that the stochastics did not show a retracement.
Stitch Fix appears to be in the process of breaking out above the top of the triangle it's been forming since it gapped up after its recent stellar earnings report. Look for confirmation above 29.36 resistance level.
90p possible retrace where 20ma is, before next leg
108p next resistance
Bear in mind:
Cash and net debt
The Group carried a cash balance of GBP0.7m at the end of the reported
period as against an opening balance as at the 1 July 2018 of GBP1.9m.
Funds have been deployed in the continued...
Here's a possible movement for the next 3 months till mid-end August.
You can find further information about my chart and idea in the chart itself in three separate Black Boxes (so called black wall).
Please note that every chart posted about companies is build on information build and based by many different medias and gazettes.
Part of it is also...
You love France? Me too! Here is the analysis of LVMH for the end of the day.
This analysis used Fibonacci and my indicator called "Min_equity_Thesis_indicator" in Public library of Trading View. I estimated the way of LVMH over the next day.
But in Short term my signal is short with a target price of 1.23.
If you have any comment, let me know.
Michael Kors (KORS) has had an impressive 6 months skyrocketing up in its price from just over $30 to $65+ now . That's (almost) more than a 100% increase in six months (depending on your entry price). Stating it as an annualised return is stupid but it's fun to just say that that would mean just under or over 200%.
In any case, the run up has been great. But...
Recent events in the industry with sector support are spiking several stock in the retail fashion field, ANF is strategically placed in this time and buyers are showing their interest at all-time-low.
For me, there are enough signs to support the attempt to build a position in the stock.
*Already holding in the fashion sector at AEO which also spiked and moved...
The downward channel broke severely to the downside this week after KORS plummeted an additional 25% post-earnings. I think the multi-year lows of ~35/36 will be tested if not breached. Even if the stock is slightly oversold in the very near term, the trend on the technicals is pretty clear.
After a dismal earnings release and a 25% drop in the price...