{"id":5262,"date":"2024-10-15T04:58:20","date_gmt":"2024-10-15T03:58:20","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=5262"},"modified":"2024-10-15T04:58:20","modified_gmt":"2024-10-15T03:58:20","slug":"asos-plc-lseasc-and-the-price-of-returning-to-sanity","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2024\/10\/15\/asos-plc-lseasc-and-the-price-of-returning-to-sanity\/","title":{"rendered":"ASOS Plc \u00a0(LSE:ASC) and the price of returning to sanity!"},"content":{"rendered":"

#Gold #DOW <\/span>\u00a0<\/span><\/b>\u00a0Ever had one of these days when nothing actually worked out? Monday proved eventful in this respect as my schedule was planned. First, rise just after 7am, make coffee, and watch the markets as they opened, running a few test scenario to try and figure out where things are going. By 9:30, I was mentally propped to contact the DVLA in Swansea to discuss a problem with our registration document. Long story short, the dealer did the registration on-line, then also did it on paper, the registered keeper being myself on one document and my wife on another. It also increased the number of keepers. Once the incredibly helpful lady at the DVLA stopped laughing, she conceded she’d never experienced this and would need a superior to assist. It was to take quite a few hours to sort this out, so the next job was missed and my grey remained undyed. The next job was to order a garden shed, an exercise which failed due to payment authentication and the efforts of 3 Mobile.\u00a0 A text message was supposed to arrive on my phone, allowing the transaction to be completed.<\/span><\/p>\n

The phone, quite smugly, remains unimpressed and no message was received. Living in a mountainous area in Argyll, this wasn’t entirely unheard of so I climbed up above the cliff in the hope the bars on my phone appeared. They didn’t.<\/span><\/p>\n

In frustration, I used my wifes phone to contact 3 Mobile, while also changing the “call verification” number with the bank. 3Mobile informed they’d turned off 3G services in our area, meaning I needed a new phone. As I’d replaced ny phone earlier this year, their advice was going to be wrong and of course, it was. The Samsung device “only” needed something enabled to allow 4g to work. Meanwhile, my wifes phone still had not received the verification code and I queried with the bank. It would take 48 hours for the change to enact and even if I wanted to change it back to my own phone number, it would still take 48 hours.<\/span><\/p>\n

By now, we’d a car in the driveway which wasn’t entirely registered or insured, thanks to the mess up. We’d a phone which wasn’t working properly and a shed purchase hanging in utter limbo. Keeping calm was the order of the day, difficult to disguise due to my remaining surfeit of grey hair,\u00a0 and all that was needed next was to order Heating Oil. Unfortunately, it was now after 5pm and they were closed, making this the most unsuccessful “To Do” list ever to ruin a Monday.<\/span><\/p>\n

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ASOS<\/b> share price seems to have been executing a “Not To Do” list of concepts as it has proven pretty foul since May 2023. On the bright side, when we previously reviewed this, we’d speculated on a potential bottom at 277p but encouragingly, the lower it has fallen has been around 320p, perhaps implying some hidden strength in the share price. We can certainly wonder if their recent sale of “TopShop” shall justify some growth in the share price or perhaps, their sane charge of a return fee of nearly \u00a34 to challenge those buyers who are just messing around with a previous free return policy. Alternately, of course, there’s the risk the Chinese giant Shein will close in as they invade the UK after eclipsing Boohoo?<\/span><\/p>\n

Currently, it feels like some recovery potential is slowly becoming possible, movement above just 436 hopefully triggering recovery to an initial 530 with our secondary, if bettered, an amazing (and thus, unlikely) looking 573p.<\/span><\/p>\n

Should things intend behave like our Monday, below 411 threatens weakness to an initial 394 with our secondary, if broken at 385p. We would really hope for a bounce before the 385p level as the share price, from a Big Picture argument, cannot afford to experiment below such.<\/span><\/p>\n

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FUTURES<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Time Issued<\/span><\/td>\nMarket<\/span><\/td>\nPrice At Issue<\/span><\/td>\nShort Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nLong Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nPrior<\/span><\/td>\n<\/tr>\n
11:02:44PM<\/span><\/td>\nBRENT<\/span><\/td>\n7490.8<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
11:38:20PM<\/span><\/td>\nGOLD<\/span><\/td>\n2648.27<\/span><\/td>\n2644<\/span><\/td>\n2635<\/span><\/td>\n2635<\/span><\/td>\n2654<\/span><\/td>\n2668<\/span><\/td>\n2674<\/span><\/td>\n2684<\/span><\/td>\n2656<\/span><\/td>\n<\/td>\n<\/tr>\n
10:42:08PM<\/span><\/td>\nFTSE<\/span><\/td>\n8315.1<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
10:45:41PM<\/span><\/td>\nSTOX50<\/span><\/td>\n5051.5<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
10:50:41PM<\/span><\/td>\nGERMANY<\/span><\/td>\n19557.1<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:20:51PM<\/span><\/td>\nUS500<\/span><\/td>\n5865.5<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
11:26:17PM<\/span><\/td>\nDOW<\/span><\/td>\n43135<\/span><\/td>\n42701<\/span><\/td>\n42596<\/span><\/td>\n42410<\/span><\/td>\n42914<\/span><\/td>\n43154<\/span><\/td>\n43423<\/span><\/td>\n44107<\/span><\/td>\n42701<\/span><\/td>\n<\/td>\n<\/tr>\n
11:30:22PM<\/span><\/td>\nNASDAQ<\/span><\/td>\n20452<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nSuccess<\/span><\/td>\n<\/tr>\n
11:35:43PM<\/span><\/td>\nJAPAN<\/span><\/td>\n40115<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n‘cess<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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14\/10\/2024 FTSE Closed at 8292 points. Change of 0.47%. Total value traded through LSE was: \u00a3 4,114,889,557 a change of -0.88%<\/h5>\n
11\/10\/2024 FTSE Closed at 8253 points. Change of 0.19%. Total value traded through LSE was: \u00a3 4,151,259,780 a change of -12.55%<\/h5>\n
10\/10\/2024 FTSE Closed at 8237 points. Change of -0.07%. Total value traded through LSE was: \u00a3 4,747,138,967 a change of 12.51%<\/h5>\n
9\/10\/2024 FTSE Closed at 8243 points. Change of 0.65%. Total value traded through LSE was: \u00a3 4,219,173,545 a change of -36.61%<\/h5>\n
8\/10\/2024 FTSE Closed at 8190 points. Change of -1.36%. Total value traded through LSE was: \u00a3 6,655,496,813 a change of 41.95%<\/h5>\n
7\/10\/2024 FTSE Closed at 8303 points. Change of 0.28%. Total value traded through LSE was: \u00a3 4,688,627,065 a change of -10.63%<\/h5>\n
4\/10\/2024 FTSE Closed at 8280 points. Change of -0.02%. Total value traded through LSE was: \u00a3 5,246,156,906 a change of -2.97% <\/a><\/h5>\n

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.<\/span><\/span><\/p>\n

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION <\/span><\/span><\/p>\n

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.<\/span><\/span><\/p>\n

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.<\/span><\/span><\/p>\n

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…<\/p>\n

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Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares<\/h4>\n

<\/a>Click Epic to jump to share: LSE:EZJ EasyJet** **LSE:ITM ITM Power** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **<\/p>\n

********<\/p>\n

Updated charts published on : EasyJet, ITM Power, Rolls Royce, Standard Chartered,<\/p>\n

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LSE:EZJ EasyJet<\/span>. Close Mid-Price: 502.2 Percentage Change: + 1.33% Day High: 506.6 Day Low: 490<\/h4>\n

Further movement against EasyJet ABOVE 506.6 should improve acceleration ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous EasyJet & Big Picture ***<\/a><\/p>\n

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LSE:ITM ITM Power Close Mid-Price: 45.58 Percentage Change: -0.78% Day High: 48 Day Low: 44.9 <\/span><\/h4>\n

In the event ITM Power experiences weakness below 44.9 it calculates with ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous ITM Power & Big Picture ***<\/a><\/p>\n

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LSE:RR. Rolls Royce<\/span>. Close Mid-Price: 538.6 Percentage Change: + 0.26% Day High: 539 Day Low: 526.8<\/h4>\n

Continued trades against RR. with a mid-price ABOVE 539 should improve th ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Rolls Royce & Big Picture *** <\/a><\/p>\n

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LSE:STAN Standard Chartered Close Mid-Price: 839.4 Percentage Change: -0.26% Day High: 845.6 Day Low: 830.8 <\/span><\/h4>\n

Continued trades against STAN with a mid-price ABOVE 845.6 should improve ……..<\/span><\/p>\n

Subscribe for more<\/a><\/p>\n

<\/p<\/p>\n

View Previous Standard Chartered & Big Picture ***<\/a><\/p>\n

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*** End of “Updated Today” comments on shares<\/span><\/h2>\n","protected":false},"excerpt":{"rendered":"

#Gold #DOW \u00a0\u00a0Ever had one of these days when nothing actually worked out? Monday proved eventful in this respect as my schedule was planned. First, rise just after 7am, make coffee, and watch the markets as they opened, running a few test scenario to try and figure out where things are going. By 9:30, I … <\/p>\n

Continue reading “ASOS Plc \u00a0(LSE:ASC) and the price of returning to sanity!”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5262","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=5262"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5262\/revisions"}],"predecessor-version":[{"id":5263,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/5262\/revisions\/5263"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=5262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=5262"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=5262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}