theselfishtrader

ASOS - Long term long trade

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LSE:ASC   ASOS PLC ORD GBP0.035
Price hasnt been at these lows since the pre-pandemic crash last March. It is a significant historic low which is also a monthly support level. Its a good price for a stock that will certainly do well in the longer term. For a swing trade, getting in now and targeting range-bound resistance (confluence with 50% fib retracement zone) looks a solid, low-risk play.

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