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Short Term Sell ASOS: Reversal Pattern Based At 3,100p

By Zak Mir | Tuesday 16 April 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


It was a strange Traders’ Session at the UK Investor Show, and not only because I was seated next to Evil Knievil on stage. Apart from a gravitational attraction – the great bear is approximately twice my weight, I was rather pulled into the idea of online retailer ASOS (ASC) being a possible sell.


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