City Chics Online penetration is likely to contniue for the forseeable (21) (covid environment).
Technicials - Bullish flag, enter bullish candle confirmation breakout.
Key Fundamentals - being a leader in the digital space + latest aquisition is leading to broader product offerings. Strong cash position.
Blue Line shows the support line and light blue box shows another support zone.
CCX achieved its first target and next targets are shown as green lines.
in this price we can see some resistance but 4.81 and 5.4 can be achievable in mid-term investment approach!
Buy today at $3.23
Just announced the acquisition of Evans, which ads $40m topline revenue (20%). Expected earnings accretive in first year.
Price target in short term is just shy of all time highs at 3.90 = +20%
Support at $2.80 =. -13%
Why I like them.
Digitally focused, Global expansion, strong balance sheet and cash flows, growing market segment (plus size).
City Chic had a great run through most of 2019 with a slow down / consolidation phase from October through to December. Might be about to start to move up again with any luck. Worth a watch.
City Chic Collective Ltd. engages in the retailing of women's clothing in Australia, New Zealand, South Africa, and the U. S. It offers its products through various brands,...
Bullish outlook on CCX with multiple bull flag pattern formation. I messed up my previous trade during the 2nd flag formation. Trending comfortably above the 30 weekly EMA.
CCX is well over extended from its previous close, touch new time high of $2.84. looking for the short between $2.78 to $2.69, if its moves higher then it gives me more reason to short it.
