Adsense

Thursday, April 26, 2018

Boohoo.com dips, rallies, and to dip again


Booohoo.com stock (LSE:BOO) started going southwards in early 2018, and the southwards movement was maintained until recently, when price bounced seriously upwards.

The upwards bounce took price above the lower Trendline, but it may go below it again. The RSI period 14 is in the overbought region.

 
Should price go above the upper Trendline, the bias on the market would become bullish. Should price go downwards from here, things would blend with the predominant bias on the market (bearish).

Since the recent bias on the market is bearish, it is assumed that a movement to the south would be the predominant thing on Boohoo.com this year.



Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 

No comments:

Post a Comment

The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.