Asos - Asc

whats wrong with this company....a profits warning or something??

its broken below 2 key levels in a few days....
will check the chart again...i'm pretty sure theres no more supports to stop it going down....substantially further imvho...

lets see...

atb, wdik, dyor,
trendfriend

I had a dabble yesterday, looked like it was going ok first thing this morning.

Was surprised how easily it went past £17 yesterday, couldn't believe it went past £11 today but yeah nothing to really hold it up now.

Gapped up this morning on news of a share placement - up around 80% this week alone. Has strong support around £17 suspect it will revisit there again at least if not filling the gap completely.

Currently bang on the downtrend resistance from the drop from £70.

Been hoping these would pull back to sub £40 for an entry but cup and handle formation and looks like could be about to breakout if can close over £54.60. Volume has been increasing recently.

Think this has potential to test mid £80's maybe even much higher longer term.

Thanks for the charts.
I mostly invest in companies sub £10.
Mostly sub £5.
Happy trading
Ta G