Lewis (LEW) is a retailer of furniture and electrical appliances operating through 807 stores under the Lewis (483 stores), Beares (137 stores), Best Home (144 stores), and most recently, United Furniture Outlets (43 stores) brands. Of these, 126 are in neighbouring countries. The company does 65,7% of its business on credit and offers customers credit insurance...
Lewis (LEW) is a retailer of furniture and electrical appliances operating through 807 stores under the Lewis (483 stores), Beares (137 stores), Best Home (144 stores), and most recently, United Furniture Outlets (43 stores) brands. Of these, 126 are in neighbouring countries. The company does 65,7% of its business on credit and offers customers credit insurance...
Lewis released a trading update for the nine months to December 2022 last Friday and the key takeaways were: 1.Widespread inflationary pressures, rising interest rates and record high unemployment levels curtailed consumer spending. 2.Retail trading patterns were significantly disrupted by electricity load shedding, particularly over the festive season. 3.Credit...
lewis may be looking for a break out of the range to the upside
Price is back at weekly highs of 2016. Nice ascending triangle setup and price breaking higher. Good spot to take a long pos, but remember the stock is illiquid. Always manage your risk.
Price has tested a key technical SR level at 4800. Bullish divergence indicating a continuation of the trend. A long position can be initiated if price closes >4810. The trade should be monitored as the price approaches the EMA200 on the monthly chart. Stock is also overbought on the monthly chart and liquidity is an issue. As always manage your risk
My ideal entry price would be between R37-R39 Just tracking price movements.
It’s as if the box theory was built around the stock. The stock has been stacking the boxes like a pyramid. If the market violates the trend line. The stock could retrace back to the 50 day EMA around the R39 long term support. For now the status for Lewis is hold and/or wait for a break to a higher box above R43.
- Price has come back to test its breakout level and the 100 day moving average... Looking for support around these levels. - Stochastics oversold - Upcoming dividend -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Lewis Group is a South African Furniture and electronic appliances retailer. They have declared a R1.95 dividend (R1.56 net) per share, which is to be paid on the 20th of July, 2021. From 21st of July they will be ex dividend, which could put pressure on the share price in the short term, however, the share has been falling since its last rally where we see...
After a period of consolidation between 2500 and 2200 this share finally broke from this pattern, reached the first target and then retested the breakout level. The second target for this pattern is now within reach around the 3050 level.
JSE-LEW: Fails to break above the multi-month falling trend line Weekly break and close above 2750-2765 confirms bullish trade The 200 week MA of 3204 is will be the 1st challenge, then 3558, and later 4839
Lewis seems to be consolidating in what looks like a bullish flag. Support at 2200, and resistance at 2500. Watch for a break of 2500 for 2700 and 3050 targets to come into play.
JSE-LEW: Watching a possible rounded bottom b/o, confirmation is a close above 2100 If we get the breakout, I am looking for 3005 as TP PS: Results out 25th Nov 20
JSE:LEW - Has been range-bound since 31 Aug 20 Watching 1538 as support, failure to hold then next level is 1228
$JSELEW broke upside after good numbers
- Price has broken below a long term support level - Expect alot more downside in the future months -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:LEW