Great accuracy here with BOO - look at the last 3 trades.
Sell trade valid with out strategy, lets see how it plays out - all confluences lined up with the strategy - hard work is done in the coding, so its nice and simple to follow.
Regards
Darren
Rising wedge, close beneath MAs, spikes, high volume then initial move down, double top or forming triple top, close beneath rectangular accumulation, late stage, fib retracement to 0.382 then see what is happening with price action
Last post: See link below.
Review: Price was stuck in a large period of consolidation and was not presenting any trading opportunities.
Update: Price has now broken out of consolidation, which lasted over 2 years, and looks interesting again.
Conclusion: We want the current support level to hold followed by a break of the previous high before we look for any...
Boohoo is UK fashion retailer worth around £580 million. Company is quite popular among group of 15-30 year old's, offering cheap clothes when people all looking for ways to save money.
Business actually boomed thanks to 2008 crunch and a successful IPO getting from 21.4 per share in 2015 to 273.7 in 2017. Found support above 140. Now an uptrend recently shows...
Swing trade idea - Long BOO.
I’m took this position first thing this morning after reading the RNS - Another impressive set of results.
Looking to continue boucing off the 50MA before breaking out to retest all time highs.
Run the stop where you like. Below the MAs or below the lower trend line.
Just a chart that caught my eye today on the London Stock Exchange. Looks to have completed 5 waves up in 2017 and then double zig zagged down to a 50% correction in April 2018 before heading back up again in 5 waves. It recrossed it's 30 week MA last week on good volume. Lets see what it does when/if it hits 273.....
Last post: May 14th. See chart .
Review: Price had approached a resistance area.
Update: Price is currently at another strong resistance area.
Conclusion: We need price to break the first resistance level then the next one before looking at trading opportunities here.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if...
Review: Price is at the 50 simple moving average, using it as resistance
Conclusion: Patience needed until the break and close above the 50SMA, then a break above the 6th June 2017 high
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
The RSI has turned lower from the overbought region and is overbought on the weekly and monthly time frame. The data released by the payment company Visa earlier today showed the consumer spending fell further in April, with online spending falling for the first time since September 2013...
Looks like the share price is on its way to test the rising trend line...
