Asos: jumps following strong FY guidance
Asos, the UK online fashion retailer, expects FY20 sales growth of 17% to 19%. Pretax profit is seen between 130 million to million pounds. Those figures were above current consensus, allowing the stock to jump this morning.
From a chartist point of view, the stock accelerates upward following the breakout of the 3590 resistance area. Above that level, a new up leg would be expected towards next Fibonacci targets set at 4950 and then 5450.
Source : TradingView, Gain Capital
Latest market news
Yesterday 01:32 PM
Yesterday 09:35 AM
Yesterday 07:23 AM
Yesterday 04:48 AM
Yesterday 12:17 AM
July 25, 2024 10:39 PM