BOO Short Sell based on equilateral triangle pattern within levels of resistance. Breakout will favour bearish. TP 37.45 based on previous resistance levels.
I mainly invest in ETF stocks and crypto for long term.
Christmas is coming, this looks like a good buy for the medium and long term.
I don't think it will hit go further than the long term support line, it could the trend line a bit, the uptrend looks good.
What are your thoughts?
Testing anchored VWAP from inception
Volume profile zone of support (for now)
AVDP indicating accumulation (10m data)
Lowest price to sales ratio ever
First scale in here at the anchored VWAP. I anticipate a possible flush under 130.
📚Boohoo is an online fashion retailer based in the UK. In addition to owning its own private label brand with over 36,000 products, it also owns a number of household-names in British retail, such as Burtons and Debenhams. More importantly, Boohoo also owns boohooMAN, PrettyLittleThing, Nasty Gal and MissPap, all targeted at 16–35 year olds, all of which are very...
Undervalued UK growth stock down so much today on short-term resignation of auditor. Buying until it breaks down out of this upward channel, but there are no signs of that happening.
- We can see two bullish pin bars (Green arrows)
- Followed by a multiple inside bar formation
- Initial entry triggered today on the breakout
- We plan to add to the trade if the 200 day EMA is breached
Going to watch this week for a slight pull back then bullish trend LSE:BOO .
If not my expectation is consolidation/side move until earnings. (Unless more press impacts the company).
