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 currently experiencing.
This has not been the neatest of trends but price has consistently been heading to the upside
forming higher highs and higher lows.
Price may become exhausted again and form a period of consolidation and in that case,
we would just need to wait for a breakout to confirm a continuation of the bull trend.
A break above £8.90 should see further moves to the upside and give us the opportunity
to add to our already profitable positions.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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 currently experiencing.
This has not been the neatest of trends but price has consistently been heading to the upside
forming higher highs and higher lows.
Price may become exhausted again and form a period of consolidation and in that case,
we would just need to wait for a breakout to confirm a continuation of the bull trend.
A break above £8.90 should see further moves to the upside and give us the opportunity
to add to our already profitable positions.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
