Here I have Shared my Idea on Limited brands. Due to recent Global events their business have failed to make consistent profits but as the global economy will reopen and hopefully they'll start making profits.
Below is the Link to their latest finanacials
Could this pattern trigger a new rally in LB? There’s a real probability that yes, it could. Let’s see.
Today LB made a harami near previous bottom. It would be perfect if the price closed above the purple trendline, but that unfortunately didn’t happen.
Look at the volume, it increased a lot in the last two days.
If tomorrow LB closes above the harami and above...
This is just an idea, might be wrong as the markets are highly influenced by news these days. Fed might pull out another surprise and drive the market bullish suddenly.
Share your comments and feedback.
Always trade based on your judgment, this is not an advice just sharing some thoughts.
May be a poor representation of what I see but here goes.. Looks like stock has been making lower lows and recovering to about the previous drops lows. Looking for this to drop below $15 within the next 1-2 months and then potentially retest $20 area.
Fundamentals also seem to support further decline. Recently sold 55% stake in Victoria's Secret brand and is now...