Bearish Gap Down for Mysale Group PLC After Worse Fundamentals

 Bearish Gap Down for Mysale Group PLC After Worse Fundamentals

The stock of Mysale Group PLC (LON:MYSL) gapped down by GBX 0.2 today and has GBX 85.74 target or 8.00% below today’s GBX 93.20 share price. The 5 months technical chart setup indicates high risk for the GBX 140.48 million company. The gap down was reported on Nov, 22 by Barchart.com. If the GBX 85.74 price target is reached, the company will be worth GBX 11.24M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock increased 1.30% or GBX 1.2 on November 22, hitting GBX 93.2. About 21,909 shares traded hands. Mysale Group PLC (LON:MYSL) has risen 76.67% since April 22, 2016 and is uptrending. It has outperformed by 72.11% the S&P500.

Mysale Group PLC (LON:MYSL) Ratings Coverage

Out of 2 analysts covering Mysale Group Plc (LON:MYSL), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Mysale Group Plc has been the topic of 2 analyst reports since September 28, 2016 according to StockzIntelligence Inc. As per Wednesday, September 28, the company rating was maintained by N+1 Singer.

Another recent and important Mysale Group PLC (LON:MYSL) news was published by Theguardian.com which published an article titled: “Share price blunder over MySale triggers listings day selloff” on June 16, 2014.

MySale Group plc is engaged in operating online shopping outlets for consumer goods, such as women, men and children’s fashion clothing, accessories, beauty and homeware items. The company has a market cap of 140.48 million GBP. The Company’s divisions include Australia and New Zealand, South-East Asia and Rest of the world. It currently has negative earnings. It operates with flash sales Websites in Australia and New Zealand , South-East Asia (SEA) and the United Kingdom.

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