Investors Are Making Excellent Gains on Boohoo

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Investors are currently making outstanding profits on Boohoo shares (LSE:BOO). Price has been trending upwards in most part of 2016, and in the recent months, the uptrend has been so strong. This is a persistent uptrend.

Price is above the EMA 21 and the Williams’ % Range period 20 is often around the overbought territory. While there may be shallow corrections along the way, the market is bound to trend further and further upwards.

Boohoo has moved from the demand level at 40.00 to reach the supply level at 119.70. Bulls may target additional supply levels at 120.00, 130.00, 140.00 and finally 150.00, this year.

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