BOOHOO UK - Looking really bearish

1 cze 2020

This does not take into consideration any fundamentals of the company

Divergence is bearish on most time frames

1 cze 2020

Uwaga

zoomed in

1 cze 2020

Uwaga

zoomed in again



400 is massive resistance...

remember, when feeling too greedy... time to sell
when feeling too fearful... time to buy

7 lip 2020

Zlecenie aktywne

Nasty fake out... price crashed through most supports, stopping at the .618 retracement level... at 250... (where my squiggly red line marked)... I thought it would be a slower fall, but markets will always humble you... I would take profit at this point... price could bounce up a bit here to 285, before falling more to retest 200...

8 lip 2020

Uwaga

Zoomed in...



Very clean ping of the .618 (250) which should be pretty good support. Re-test and rejection, could indicate a temporary bottom. Should it fail, 200 is next... Higher time frames have yet to show bullish divergences, although they are starting to show on the lower hourly time frames.

9 lip 2020

Transakcja zamknięta: osiągnięto wyznaczony cel

200 made a loud ping... tp2... and a nice flip position...

9 lip 2020

Uwaga

Just for the record, higher time frames hint that it could drop even more, much more... this here feels like a dead cat bounce... but for a day-trade, this was a really nice trade :). Congrats to anyone who followed through