Bull Flag Formation on the Daily ChartA bull flag pattern is forming on the 1-day chart, supported by a steady increase in volume—suggesting growing bullish momentum.
Flagpole base: ~72
Potential breakout level: ~92
First price target (PT1): ~100 (next key resistance level)
Measured move target (PT2): ~112 (based on flagpole height)
T
0.12 USD
624.60 M USD
14.61 B USD
About JD Sports Fashion Plc
Sector
Industry
CEO
Régis Andre Schultz
Website
Headquarters
Bury
Founded
1985
ISIN
US46618Q1094
FIGI
BBG00CGDXM02
JD Sports Fashion Plc retails and distributes sports fashion wear and outdoor clothing and equipment. It operates through the Sports Fashion and Outdoor segments. The Sports Fashion segment consists of JD Sports Fashion Plc, John David Sports Fashion (Ireland) Limited, Spodis SA, Champion Sports Ireland, JD Sprinter Holdings 2010 SL, JD Sports Fashion BV, JD Sports Fashion Germany GmbH, JD Sports Fashion SRL, Duffer of St George Limited, Topgrade Sportswear Limited, Kooga Rugby Limited, Focus Brands Limited, Kukri Sports Limited, Source Lab Limited, R.D. Scott Limited, Tessuti Group Limited, Nicholas Deakins Limited, Cloggs Online Limited, Ark Fashion Limited and Mainline Menswear Limited. The Outdoor segment consists of Blacks Outdoor Retail Ltd. Tiso Group Ltd and ActivInstinct Limited. The company was founded by John Carruthers Wardle and David Martin Makin in 1981 and is headquartered in Bury, the United Kingdom.
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JDSPS| Fourth time lucky?JD Sports PLC is attempting to breakout of a strong multi-month consolidation zone for the fourth time.
Why this time is different:
1. RSI has slowly normalized, with our pop above resistance today sporting a ~50 RSI;
2. Higher volume than previous 'attempts';
3. Brexit talks getting more positive
JD Sports MASSIVE consolidation but strong resistanceJust today, JD Sports Fashion announced it had agreed to buy California-based Shoe Palace for $325 million. JD has also just opened a new flagships store in Times Square, New York. JD shares were up 3.8% early Tuesday, making the stock the top performer in the FTSE 100 this morning.
In other new
JD Sports Very Much Bullish!JD Sports has a good history of trending well as we saw from the trend between
December 2018 to May 2019.
Price became exhausted and went into consolidation from May 2019 to September 2019
and the breakout in September was the first indication of further trends to come, which
is what we are current
JD Sports Rejection At High Optimism Inviting BearsJD Sports stock price is preparing for a pullback on the weekly. With the price got rejected at extreme optimism, more bears are being invited to drag the price downward
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
JD Sports Now Out Of ConsolidationLast post: See link below.
Review: Price was in a period of consolidation.
Update: Price is currently trading out of consolidation.
Conclusion: As long as price can remain out of the consolidation zone, we should see a continuation of the previous uptrend.
Any comments or questions, do not hesit
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.