{"id":865,"date":"2019-04-03T23:44:00","date_gmt":"2019-04-03T22:44:00","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=865"},"modified":"2019-04-04T09:35:47","modified_gmt":"2019-04-04T08:35:47","slug":"superdry-for-4-04-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/04\/03\/superdry-for-4-04-2019\/","title":{"rendered":"Superdry for 4\/04\/2019"},"content":{"rendered":"\n

Superdry #Brent # <\/strong> Following Superdry’ somewhat funny shareholders meeting, we’d prepared a detailed analysis of the company potentials. But something (experience?) made us delay for a day, just to see what happened next as there was a single alarm bell making us doubt our optimistic stance. [Warning; teacher mode follows] <\/p>\n\n\n\n

When a downtrend is as neatly defined as SDRY’s, a \ntrend break which fails to perform flamboyantly is always a worry. Worse, and \nperhaps more importantly, if the share price closes below the point of trend \nbreak, we’ve learned caution is often a worthwhile stance.<\/p>\n\n\n\n

SDRY broke the trend at 541p back on March 25th.<\/p>\n\n\n\n

It failed to gain any real upward momentum, instead \nclosing the session of April 2nd at 500p. Despite the BLUE trend line being at \n499.375 and thus, the share remaining in positive territory, it was now \nsubstantially below the point of trend break. As a result, we dared not trust \nit.<\/p>\n\n\n\n

Price moves on the 3rd April tended justify our caution \nand instead of an article devoted entirely to future positives, the share \ndeserved something which reviewed both sides of the argument. Which is a pity, ‘cos \nseeing a BoD resign en-masse at the prospect of the company founder returning \nwith the intention of saving the company was quite refreshing.<\/p>\n\n\n\n

The situation now is slightly alarming. Weakness \ncontinuing below 433 looks capable of reaching 386p, hopefully able to generate \na bounce at such a level. If broken, we can calculate bottom at 265p eventually.<\/p>\n\n\n\n

The share price needs a miracle above 576p before \nanyone dare relax for the longer term, this level apparently being a trigger for \nrecovery to an initial 750p with secondary, if beaten, a longer term 1079p.<\/p>\n\n\n\n

For now, while a bounce at 386 looks pretty possible, \nwe have a sneaking suspicion the price shall eventually bottom down at 265p. \nPerhaps it’s one worth keeping an eye on for the longer term.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

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

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

\"\"\/<\/figure>\n\n\n\n

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

\n<\/h5>\n\n\n\n
3\/04\/2019 FTSE Closed at 7418 points. Change of 0.37%. Total value traded through LSE was: \u00a3 7,236,665,904 a change of 13.48%\n<\/h5>\n\n\n\n
2\/04\/2019 FTSE Closed at 7391 points. Change of 1.01%. Total value traded through LSE was: \u00a3 6,377,319,208 a change of 3.85%\n\n\n<\/h5>\n","protected":false},"excerpt":{"rendered":"

Superdry #Brent # Following Superdry’ somewhat funny shareholders meeting, we’d prepared a detailed analysis of the company potentials. But something (experience?) made us delay for a day, just to see what happened next as there was a single alarm bell making us doubt our optimistic stance. [Warning; teacher mode follows] When a downtrend is as … <\/p>\n

Continue reading “Superdry for 4\/04\/2019”<\/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-865","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/865","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=865"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/865\/revisions"}],"predecessor-version":[{"id":866,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/865\/revisions\/866"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=865"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}