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Trading Idea - #ASOSBUY. Take the chance! ENTRY: 3235 Pence TARGET: 5782 Pence (+78%) STOP: 2658 Pence ASOS PLC is a global fashion retailer. The company sells its goods on ASOS.com. The company's segments include UK, US and EU. ASOS sells approximately 85,000 branded and private label products, which include jewelry and beauty collections, as well as men's and women's fashion, footwear and accessories. 1.) The share price of ASOS is at a decisive support level (2800 to 3000 Pence). 2.) The share price weakness despite the ongoing online boom offers some attractive opportunities for investors. 3.) At online fashion retailer Asos, the conditions are good that sales will ultimately meet market expectations. This is decisive for the further development of the share price. 4.) The current price is far below the average price target of the most influential analysts, even though they have lowered their price targets slightly in recent weeks. This may indicate a potential increase in value.
LSE:ASCLong
by Traderherz-Analytics
ASC - ASOS LongsThis will be a long term holding for me. I have entered my first buy at 2339 small position as I am getting in a little early. I have a larger buy for 2195 and another at 2135 as price approaches the weekly support area highlighted. Shares have tumbled 60% from their post pandemic high, and 71% from their ATH. The company has been rocked by the sudden and unexpected departure of their CEO, rising supply chain cost pressures, and consumers returning products at their pre pandemic levels (during the pandemic the company noted there was a sharp decline in returns which gave a £67m cost saving). This has resulted in a warning that profits could fall by as much as 40% It feels like the market has over reacted to the news, especially given that sales rose 22% and the brand continues to be a leading player in the online fashion industry despite an intensely competitive landscape. RSI also is into oversold territory on the weekly. Losing the £67m in cost saving due to lower rate of returns should always have been expected given it was a result of pandemic / lockdowns. Asos PE is 13.8 VS UK Online Retail average of 24.6 The company is DEBT FREE Just to repeat the first line, this will be a long term holding for me. It doesn't look as if there is a near term catalyst that will rocket shares up in the coming days - but happy to hold these for a while.
LSE:ASCLong
by jevanss25
2
AO - Lets "not" go - The bulls do not have it!Future opportunity following a weekly green close when it appears. Best buy zone is the accumulation zone, 55% back to all time high levels. This may take several more weeks correct. RSI & MACD continue a downward trend. MA's are not yet corrected. We will be blessed for a Xmas pump if economical and logistical recovery pervails? The confirmation of the RSI, MACD & MAs will confirm AO recovery. AO warned of lower profits for the year, due to the UK’s current supply chain problems. And that’s all down to a shortage of lorry drivers, after tens of thousands headed back to their home countries after Brexit. AO says it now expects “adjusted EBITDA for the full year to be between £35m and £50m, with profits more heavily weighted than usual towards the second half of the year driven by the peak trading period. Source: www.fool.co.uk
LSE:ROO
by JRE1988
2
PETROFAC Limited - Bullish divergenceA 92% correction from July 2012 (ouch) creating a considerable oversold condition (as if it was not already obvious) there now exists an ‘incredible buy opportunity’ for those brave enough. Why Bullish? 1) The bears are exhausted - this is indicated by the ‘capitulation’ volume candles. Remember, ‘Extremes in a market is marked by extremes in volume’. 2) Regular bullish divergence between price action and the oscillators is clearly visible on the above 10-day chart. 3) Volume increase + point (2) = very bullish. 4) The most bullish signal of all appears on the 2-month chart below, a Dragonfly DOJI. Those candles are not to be ignored. The further up the time scale the more powerful the signal. Weekly DOJI’s are great, monthly better. 2-month candles are on another level. 2-month chart
LSE:PFCLong
by without_worries
£AZN 1-day classic patternsQ: What has the highest probability of occurring? After being one of the strongest performers in 2020 during the initial UK lockdown the stock lost over 30% of its value. In 2021 it has staged a modest recovery but is still over 15% below its all time high requiring an over 20% rally. There is well tested support at 8100p and resistance at 8775p. There is 2 classic patterns 1 that has not validated. 1 that has validated. The bull flag, with a breakout of 8775p, stop at 8100p, and projected target at 10150p. A risk-to-reward ratio of 2R. The breakout from the bull flag needs to be confirmed by a close outwith both the flag and resistance. A difficult task therefore requiring more time to confirmation. The double top, with a breakout of 8100p, and projected target at 7400p. Using a stop half the size of the range creates a 2R opportunity. The stock also pays a 2.48% dividend semi-annually. Given the length of the setup this trade may run deep into 2022 to allow that dividend to be collected. Although before that point there will be 2 earnings releases adding volatility to any potential positions held. The short trade is therefore not of interest here however considering it has validated this may act as a catalyst for the long side. But again it is not yet validated.
LSE:AZNLong
by xciiitradingco
EasyJetEasyJet plc, styled as easyJet, is a British multinational low-cost airline group headquartered at London Luton Airport. It operates domestic and international scheduled services on over 1,000 routes in more than 30 countries via its affiliate airlines EasyJet UK, EasyJet Switzerland, and EasyJet Europe. EasyJet plc is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. EasyGroup Holdings Ltd is the largest shareholder with a 15.269% stake. It employs circa 14,000 people, based throughout Europe but mainly in the UK.
LSE:EZJLong
by tugapt83