JD Sports

[dmedin]

[dmedin]

Seems like nothing can stop JD Sports right now.  I've gone long on a March 2020 future and drawn up a Fibonacci extension.  The most optimistic broker PT is about £8 I believe, but I hope it will go further.

Edited September 27, 2019 by dmedin

[dmedin]

It might have topped out now, my bonnie loon 🐻

 

[Guest Xeknow]

On 22 June 2019 at 13:27, davidbrister said:

From my experience with the RSI indicator, once it gets back down to that 30's mark, it tends to then swing back up.

The high volume sell off in that last volume stick and the price drop in the candle could indicate a move to a short position, personally i use the Parabolic SAR with the Macd as my indicators, havent done too much with the Fib charts.

The problem i see with drawing your own lines on the chart is that you can make them any where you want to fit your narrative, which can screw your chart to suit your mind, not your trading plan, so i would be very careful with that.

with out my normal indicators, im going to say its over sold from the RSI and it will move up not down, but i hope for your sake im wrong.

Be interesting to see where it goes, hope u update it later.

Thanks alot

[dmedin]

The RSI is diverging from the observed price action.

[dmedin]

Doesn't seem very significant considering the developments in markets elsewhere but I'm short on JD Sports and it seems to be on the turn.  I've hidden them on the chart but my stop is up above 796

Edited November 4, 2019 by dmedin

[dmedin]

Apropos of which, I've gone against one of the cardinal rules that I meant to set for myself, which is not to trade against the trend.  But we'll see what happens with JD Sports - I'd be really surprised if it shoots up past £8 in the near future.  😋

[dmedin]

Closed out my short with a loss and gone long instead. 

[dmedin]

Wowsers!

[dmedin]

Wtf is this **** ... I give up.  Missed the boat on this stock so many times.

No doubt it will rapidly reverse and go back up again.

Edited November 26, 2019 by dmedin

[dmedin]

Looks like the start of a big selloff.

[dmedin]

Put in a wee long here with a stop just beneath.

[dmedin]

A major shareholder has sold off a ton of their stock ... nasty.

Let's see if we can buy the bottom 🐮😎

Edited December 11, 2019 by dmedin

[dmedin]

Has it got further to fall 👺

[dmedin]

Buy and hold is clearly the only strategy that works in cases like this.  Ignore the short-term spikes up and down.

 

[dmedin]

Non-stop growth for well over a year.

[dmedin]

Let's get to £10 per share this year 🙂

[dmedin]

Quote

In 2016 and again in 2019 JD Sports was the subject of accusations of mistreatment of its UK warehouse staff, with comparisons being made to Victorian 'dark satanic mills' and 'prison' conditions

https://en.wikipedia.org/wiki/JD_Sports

 

Crack the whip and get those lazy proles to work to make me a profit 👺

[dmedin]

Come on now bonnie loon, break 880 and keep on shinin' 🐮 - you're daddy's little star! 🌟

[dmedin]

Haha perhaps not then Let's see if they get to acquire foot asylum!  Last time I was in a JD Sports shop in town, it was packed to the rafters, utter chaos, the staff were clueless and the customers were arrogant pr!cks ... another example of great British business (treat your employees like cattle and pay them starvation wages)

[dmedin]

Buy at four quid?

[dmedin]

🙈 Buy now, Joanna the Banana?

[runslide]

Do you think it's worth buying now?

[mattybower]

On 24/06/2019 at 13:26, Caseynotes said:

Someone bought 50,000 shares on the market open (just under £300,000 worth), wonder what they know that we don't?

Hi, where can I find information tables like this?

 

[Caseynotes]

13 hours ago, mattybower said:

Hi, where can I find information tables like this?

 

Hi, that one is from the Hargreaves Lansdown web site.

[dmedin]

Took out a December 2020 future on this one (well, not a real future but an IG one).  £2.75 was the bottom:

[dmedin]

Buy!