comparison of ASX clothing/fashion retail stocks.BST BEST & LESS GROUP
Market Cap $378.6M
PE 9.65
AX1 ACCENT GROUP ( Dr. Martens, Skechers, and Timberland.)
Market Cap $888.7M
PE 18.37
CCX CITY CHIC COLLECTIVE (plus sized women’s clothing, 'the Avenue' + 'Evans')
Market Cap $735.2M
PE 24.2
GLB GLOBE INTERNATIONAL
(street fashion, skating equipment, outdoor clothing, and workwear, brands = 'Globe', 'Salty Crew', 'Stüssy)
Market Cap $205.7M
PE 6.18
PMV Premier Investments
(owns the Just Group, which includes the Just Jeans, Peter Alexander, and Jay Jays brands)
28% stake in Breville Group
Market Cap $4.396B
PE 17.9
XJO = ASX 200.
ASX
ALU.ASX_Range Breakdown_ShortENTRY: 30.60
SL: 31.85
TP: 28.91
- ADX>20
- RSI>30,RSI<50
- Daily RS -ve
- Daily FFI -ve
- Weekly RS +ve
- Weekly FFI -ve
- Price action looks like rejected monthly and yearly CPR.
- Breakdown from range with high volume today. Would like the volume to be higher.
Technical Analysis of 10 Altcoins in 1 Post! Part 1Hello TradingView Family, this is Richard, as known as theSignalyst.
Today I am sharing 10 Altcoins that I find interesting as per my trading style. I have included the rejection zone and trigger.
The pictures are self-explanatory but feel free to ask me anything in the comment section.
1) MATIC - Polygon
2) BNB - Binance Coin
3) FET - Fetch ai
4) QNT - Quant
5) AXS - Axie Infinity
6) HNT - Helium
7) KDA - Kadena
8) DASH - Dash
9) KLAY - Klaytn
10) HT - Huobi
If you like this idea let me know in the comment section below to share Part 2 next week.
Always follow your trading plan regarding entry, risk management, and trade management.
Which Altcoin do you like the most? and Why?
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
$LKE $LKE.axLKE breaking out of a 5 month consolidation period, looks like a 5 month cup and handle pattern
Target is at the 1.414 Fib level and also the "Cup and Handle" Traditional chart pattern target.
Lithium sector and commodities all running hot atm.
Volume is very notable on the breakout also. Adds conviction.
Looking for lower timeframe backtest entry
LLC.ASX_CPR Breakdown_ShortENTRY: 10.06
SL: 10.68
TP1: 9.72
TP2: 9.34
- ADX<20. Would like it to be higher.
- RSI>30,RSI<50
- Daily RS -ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI +ve
- Broke down from current month CPR and ichimoku cloud on 2 Mar 2022.
- Entry based on breakdown from previous month CPR.
ING.ASX_CPR Breakdown_ShortENTRY: 3.34
SL: 3.50
TP: 3.17
- ADX<20. Would like it to be higher.
- RSI>30,RSI<50
- Daily RS +ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI -ve
- Weekly MACD -ve
- Broke down from trendline and ichimoku cloud on 18 Feb 2022.
- Subsequently retraced but doesn't look successful on 22 and 24 Feb 2022, ending with long head.
- Below HVN level currently as well.
- Entry based on breakdown from CPR.
PBH : The anti Lambourghini stock.The chart speaks louder than any ASX announcement from the board.
Will more state licensing deals save bagholders?
28/08/2020 jumped 92% in 1d from $6.58 to $12.68 on 27-28 august 2020. PointsBet Partners with NBC
30 oct 2020 to 16 Feb 2021 from $9.49 to $17.22 gain 81%
16 Feb 2021 to 28 Feb 2022 from $17.21 to $3.49, loss 79%
ALL.ASX_Wash and Rinse Trade_LongENTRY: 38.74
SL: 36.77
TP1: 41.42
- ADX>20.
- RSI<50,RSI>30
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- On a downtrend since 3 Nov 2021 and currently at strong support area 38.10 which was tested before on 27 Jan 2022.
- Wash candle on 22 Feb 2022 and Rinse candle today.
- Short swing trade on reversal.
- Will be invalid if goes below support area.
CHN.ASX_Retracement Trade_LongENTRY: 7.95
SL: 7.05
TP1: 8.91
TP2: 9.34
- ADX<20. Would like it to be higher.
- RSI<50,RSI>30
- Daily RS +ve
- Daily FFI -ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Broke out of downward channel on 9 Nov 2021 before on another downward channel currently.
- Retracement in 2nd downward channel looks well controlled and possible BIC on 10 Feb 2022 near the 200MA.
- Once clear HVN, it should move to the top of the current downward channel.
Going to be Plenty of buying opportunities around.If you think most charts wont look like this sometime in the next 12 months I don't know what to tell you. Most have just started breaking down from trendlines. maybe the BABA chart has been telling us something for a while.
Stay safe, risk mitigation and wait for the set ups to play out. Don't need to pick the bottoms.
US Indexes had a late burst higher to end in the greenMorning Jumpstart Macro View and US market recap 1-02-22
The US had a late session burst higher that dragged the major Indexes into green territory ahead of key US employment data Friday. The USD continues to grind lower while Gold was range bound. Copper had a strong session while Oil continues to hold recent gains setting for another push higher.
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
View more at www.tradethestructure.com
Buy The Travel Sector The Omnicron variant has provided an investment opportunity in the travel sector.
Prior to the emergence of Omnicron, Travel destinations were beginning to plan pathways for reopening.
This gave confidence to the market that the future values of travel related stocks would be higher and as a result travel stocks recovered from pandemic market shock lows.
Since the start of the Omnicron market scare travel stocks have decreased in value significantly.
Currently, countries such as Vietnam, the Philippines and Thailand are beginning the pathways back to pre covid travel levels by slowly easing entry restrictions.
Preliminary data shows Omnicron may be less severe and it will become the dominant variant. This gives us confidence that covid is mutating in a positive direction and the world will eventually open up as a result of the new variants low mortality rate.
We believe the travel sector will recover at some point leading us to conclude that current market valuations are selling at a discount.
Our plan is to front run the end of harsh pandemic travel restrictions and take a position in the travel sector.
The time horizon for this trade is between 8 weeks and 6 months.
We are expecting to close our position at a 10 to 30 percent gain.
Play Number One
Carnival Cruises, stock code CUK currently valued at 18 USD.
At the high of pandemic recovery Optimism, CUK was valued at 27 dollars. That is a 66 percent increase in your investment back to the last recovery top.
Note: ignore carnival stock CCL because it is selling at a premium which could narrow if the U S economy weakens further.
Play Number Two
Flight Centre FLT. You can get exposure to this company on the Australian Stock Exchange. Flight Centre recovered to a price of 25 Australian Dollars and now sits at 16 dollars. When optimism returns and creates momentum, FLT may experience a 66% gain back to the highest pandemic recovery point.
We will post updates in the comment section as new information comes to light.