JD Wetherspoon - slower sales warning, bearish engulfing candle
After a 3.3 per cent rise in like-for-like sales for the quarter, the company warned of slower sales in the months ahead.
The monthly chart shows multiple failure at 995.089 (161.8% fib extension)... the share price currently hovers around 928 levels. We see a bearish engulfing pattern.
Break below 915.886 would open doors for a completion of a double top reversal pattern. The neckline support is seen around 810
The monthly chart shows multiple failure at 995.089 (161.8% fib extension)... the share price currently hovers around 928 levels. We see a bearish engulfing pattern.
Break below 915.886 would open doors for a completion of a double top reversal pattern. The neckline support is seen around 810
