Boohoo update double top
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 price getting higher with buyers a little stronger than sellers. Yet resistance at 250 and fib level 78.6% very strong.
Seems like a double top now with divergence, potential to short with great risk-reward. A long would only be considered if we close above 250.
Good Luck!
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 price getting higher with buyers a little stronger than sellers. Yet resistance at 250 and fib level 78.6% very strong.
Seems like a double top now with divergence, potential to short with great risk-reward. A long would only be considered if we close above 250.
Good Luck!
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.