Double bottom formed from May 19. Breakout Nov 23 Retest Feb 24 and now broken out to the upside in May Appears bullish to me but do your own research and decide on your own trades. This in NOT a recommendation.
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...