TipTVFinance

JD Wetherspoon - slower sales warning, bearish engulfing candle

LSE:JDW   WETHERSPOON(J.D.) ORD GBP0.02
6
After 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


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.