we've got Marks and Spencer bouncing back from its recent lows - looks like a fantastic chance to leap in for a buy trade.
Marks & Spencer (MKS) Financials: Marks & Spencer reported strong growth in both its Food and Clothing & Home businesses for the first 19 weeks of the financial year. Food sales increased by over 11%, driven by price changes, while Clothing & Home sales grew by more than 6%, primarily due to in-store growth. Despite economic uncertainties, the company expects...
MKS has created a higher low on the weekly time frame. It's a great confirmation of the uptrend after such a brutal long-term bear trend. Expecting 100 % move up on weekly so it will take some time but our target would be around 377 $. However it's not the best entry now as the stop loss would have to be placed below 90 $. So it's not a trading idea with a low...
MKS shares gaining 11-12% this Friday as FY guidance raised. Traders could use advance to book profits into the weekend. Original idea attached (13/08).
Double trend line resistance cleared Daily 50-EMA and 200-SMA cleared 14-day RSI testing resistance, possible breakthrough Trade Levels: Buy at current levels, 148.00 or better Stop: 139.00 Target: 164.00
buy after 140.55.follow the trend use 200ma us support line and stoploss
MKS is winning with the coronavirus vaccine! Roll on vaccines, roll on mks!
M&S have had an unfortunate ride with the sudden exit of their CEO followed by Covid-19. Nonetheless, we are trading far below its intrinsic value. As seen we are reaching the final quarter of our descending channel as well as nearing a return to normality from the Corona virus. We can reasonably predict that a break of the channel resistance will take us to our...
Based on my previous Idea, to close the gap with Tesco and Morrisons, M&S should go upward. Target Price 105.00
The stock is forming an inverse H&S pattern, with divergence on RSI. Good neckline, for final confirmation need an impulsive break. Stop below the shoulder and target the trend line retest. Good Luck!
M&S Been the back bone of UK retail store fronts for a life time, has been in general decline for the last 15 years. It has many of the features of an attractive short: legacy, disrupted (not disruptive) business model shrinking revenues not much evidence of any economic/competitive moat low margin capital intensive financially geared (financial net debt £1.5...
So!!! At Europe close - between 17.25 and 17.35 - someone is buying MKS like crazy....
explains itself...
370 within the next few months seem to be a reasonable Target...