Trading Idea - #ASOS
My trading idea for ASOS - Buy / LONG
TARGET: 24.00 EUR (+125 %)
STOP: 6.50 EUR
ASOS PLC is a global fashion retailer. The company sells its merchandise through ASOS.com. The company's segments include the UK, the US and the EU. ASOS sells approximately 85,000 branded and private label products, including jewellery and beauty collections as well as men's and women's fashion, footwear and accessories.
1) The ASOS share price is at a historically relevant low (EUR 10 to 12).
2.) Several directors invested in shares of Asos on Friday, 17/05/2022.
3.) The final sales targets were not quite achieved. However, this is seen across the industry and can be explained by falling purchasing power due to high inflation.
4) The current share price is far below the average price target of the most influential analysts, even though they have slightly lowered their price targets in recent weeks. This can be an indication of a possible increase in value.
TARGET: 24.00 EUR (+125 %)
STOP: 6.50 EUR
ASOS PLC is a global fashion retailer. The company sells its merchandise through ASOS.com. The company's segments include the UK, the US and the EU. ASOS sells approximately 85,000 branded and private label products, including jewellery and beauty collections as well as men's and women's fashion, footwear and accessories.
1) The ASOS share price is at a historically relevant low (EUR 10 to 12).
2.) Several directors invested in shares of Asos on Friday, 17/05/2022.
3.) The final sales targets were not quite achieved. However, this is seen across the industry and can be explained by falling purchasing power due to high inflation.
4) The current share price is far below the average price target of the most influential analysts, even though they have slightly lowered their price targets in recent weeks. This can be an indication of a possible increase in value.
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