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Coming so ASOS got to get busy busy & also looking like a sitting duck to me.
Well they are projecting a return to growth for the last quarter and onwards :)
Share price is starting to show some strength and I'm no expert but looks like we are currently broken out of that descending wedge.. needs some volume to confirm id of thought.
The weeks of sideways consolidation will help, but we're above all mdas, except the 200 - this will force the hedge funds to reduce, I believe. Should be reflected over the next couple of days. It goes without saying that a convincing move (and close) above the 200 (around 380p), will see this push onto 400 in very quick order. What happens after that is anyone's guess. Could just as easily fall back to 350p as it could go onto 450p.
I genuinely believe the macros are improving and will start to feed through, as the rate cutting begins (next month - maybe).
Good luck to the human accounts, here.
I agree we need some positive thinking and focus our minds imagining the share price go up and it might will!
Think this will run through to £4.50 no problem now.
All good at HQ.
Yeah looking pretty good. Macros improving, we've been in a solid sideways trend for a year after a downtrend for 2 years. Matter of time. Company prospects are improving :)
May I remind you that the stock price went up to £4.30 at some point in Dec-23, before dropping back down to these levels? On that basis your statement is false. Kthnx
"Matter of time"
Relax, enjoy the weather you are coming across as desperate/paniccy again 😘
And you are coming across as someone spreading false information
Someone is enjoying the sunshine - 133,000 shares grabbed in one go by someone.
Very nice indeed, good to see volume picking up.
Be interesting to see the print at 11:27 (roughly). Never did find out who was responsible for the two buys the other day. A fund most likely as Barker would have likely declared by now.
Doesn't really matter - interesting all the same - well to me at least.
More pointless, baseless speculation by our gurus
Back to your knitting Roberto, you need some zen as you seem a little uptight today
*11:27?*
That's what I thought, but it hasn't shown up. The volume added circa 133,000 shares at 11.12am though. Might show up later. I don't know much about how reporting works, but I definitely saw the trade.
Haha. I was right again - baseless, pointless speculation once again
Ahh yeah got ya cheers KBYK.
JimmyJJones how much are you losing on this one?
You know things are bad when the trolls post more on the ASOS than on the BOO board, lol.
Move on Roberto, you’re like a lingering smell, putting others from coming near the chat.
Don't shoot the fact-checker :)
412p average on margin - I'm travelling ok, thanks for asking
*312p