What we have seen in the last years was that ASOS always reached heights of around 60. I wouldn't doubt that it will happen again.
So far the peaks were usually at the beginning of the years (January-March). Since it didn't happen this year so far maybe there will be a climb starting up to a new peak in January-March 2024.
Even if it "only" goes to 40 it will...
My trading idea for ASOS - Buy / LONG
TARGET: 24.00 EUR (+125 %)
STOP: 6.50 EUR
ASOS PLC is a global fashion retailer. The company sells its merchandise through ASOS.com. The company's segments include the UK, the US and the EU. ASOS sells approximately 85,000 branded and private label products, including jewellery and beauty collections as well as men's and...
Price hasnt been at these lows since the pre-pandemic crash last March. It is a significant historic low which is also a monthly support level. Its a good price for a stock that will certainly do well in the longer term. For a swing trade, getting in now and targeting range-bound resistance (confluence with 50% fib retracement zone) looks a solid, low-risk play.
BUY. Take the chance!
ENTRY: 3235 Pence
TARGET: 5782 Pence (+78%)
STOP: 2658 Pence
ASOS PLC is a global fashion retailer. The company sells its goods on ASOS.com. The company's segments include UK, US and EU. ASOS sells approximately 85,000 branded and private label products, which include jewelry and beauty collections, as well as men's and women's fashion,...
This will be a long term holding for me.
I have entered my first buy at 2339 small position as I am getting in a little early.
I have a larger buy for 2195 and another at 2135 as price approaches the weekly support area highlighted.
Shares have tumbled 60% from their post pandemic high, and 71% from their ATH.
The company has been rocked by the sudden and...
In December 2018, the share price of ASOS fell 38% in a single day after the company announced an unexpected profit warning after a poor November of trading - it was amongst a number of British retailers to be hit by weak consumer confidence and increased discounting. Shares tumbled to 2307p , the lowest since January 2015. The price recovered 5 months later in...
ASOS looking to the upside after a strong breakout of a congestion zone which dates back to October 19 (excluding the CV19 drop in March). Three strong candles have pushed the stock above a previous high / resistance level in April 19 on reasonable volume. Looking for a target of 5500 which acted as a resistance / support zone from Oct 16 through to Nov 18 before...
ASOS has clearly done well during the first half of 2020 driven by the increase in consumer online purchases. With these trends set to continue, ASOS is in a prime position to take advantage of online spending coming into the summer months.
With first Q earnings towards the end of July, I expect a steady rise in the price to around 4086 over the next month....
Price action analysis identified LSE:ASC (ASOS) downtrend continuation and short opportunity. Reversal pin bar candle trigger, confluence with; rejection of falling trend line, rejection of 50% fib retracement, rejection of 50 WMA and rejection of previous support becomes resistance.
Asos LSE:ASC breaks through previous high after bouncing off the 50 simple moving average.
See previous analysis
This breakout helps us to confirm the buyers are in control for now but will things stay that way.
Underneath price we have the 50 moving average which has proven time again that it is a strong support level
so this can help keep price...
Asos LSE:ASC looked like it was failing to stay above the previous resistance level
but price has started to show resilience again. This is thanks to the daily 50 moving average which it has used twice this year as support.
Price is also above the weekly 50 and 200 moving averages so the overall trend is up.
The high of the 27th February is the point that will...
With ASOS LSE:ASC recently breaking out through the previous all-time high
which was around £72 back in 2014 we may have a trading opportunity soon.
So far price seems to be struggling to gain some steam and currently appears to have found some comfort
around the previous all-time high and is gravitating towards that zone again.
When we see a break of an...
I think the Bearish candle of w/e 08/09 suggests further slumping of ASOS until w/e 15/09 where the middle-line of the Andrew's Pitchfork trend should be tapped; I suggest climbing aboard w/c 18/09 and pending the outcome of the following reports (see below) Q2 2018 results should have proved a nice investment, jumping out w/e 25/05 or w/c 28/05 is...
![ASC: Going Long on ASOS w/c 18/09 [2017] - TP w/e 25/09 [2018]](https://s3.tradingview.com/l/lccmQG9L_mid.png "Going Long on ASOS w/c 18/09 [2017] - TP w/e 25/09 [2018]")
