Will have a big drop1. Due to inflation and the operating cost in the UK, profit will drop for a while
2. Technically towards a big drop
3. Div. Not attractiv
JDW trade ideas
Why I am buying JDW?see the details on the chart.
Fundamentals, back into profit, sales up, good national company, strong buying power, very good track record, due to covid and cost of staff/utilities/inflation took a hit recently, but its on the uptrend.
Technical is on the charts.
As always its not an advise, please comment if you like or dislike my take on it.
JD Wetherspoon PlcOn the above 2-week chart price action has corrected 75% since the sell signal (not shown) in October 2019 @ 1600. Now is an excellent moment for a long trade position. Why?
1) A strong buy prints (not shown).
2) Strong bullish divergence. Blue circles. Look left.
3) Falling wedge is yet to breakout however with points 1 and 2 we can be confident in the direction.
4) The UK economy is circling the drain hole, it makes sense alcohol consumption will be on the up!
Is it possible for price action to fall further? For sure.
Is it probable? No.
Ww
Type: trade. Yes trade, not investment.
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
Stop loss: <=$380
Investment opportunity as lockdown easesIs anybody else considering buying as the lockdown restrictions ease, I have not seen anyone else considering, maybe because of their low yield?
Short WetherspoonsClosure of restaurants and bars won't be good for greedy Tim's shares.
#BoycottWetherspoons
JD Wetherspoon - slower sales warning, bearish engulfing candleAfter a 3.3 per cent rise in like-for-like sales for the quarter, the company warned of slower sales in the months ahead.
The monthly chart shows multiple failure at 995.089 (161.8% fib extension)... the share price currently hovers around 928 levels. We see a bearish engulfing pattern.
Break below 915.886 would open doors for a completion of a double top reversal pattern. The neckline support is seen around 810
