Signet Jewelers Limited
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Stock Of The Day / 01.14.25 / SIG

62
01.14.2025 / SIG

Fundamentals. Negative background due to lower fiscal fourth-quarter sales guidance.

Technical analysis.
Daily chart: We mark the nearest level 56.07, formed by the trend break in June 2023.
Premarket: Gap Down on moderate volume. We mark the premarket level 60.28.
Trading session: The price tests the premarket level after the opening and forms a pullback that does not exceed the opening impulse. After breakdown 60.28 level, we observe its retest on decreasing volumes. We consider a short trade in case the level is held.

Trading scenario: breakdown with retest of 60.28 level

Entry: 59.95 upon confirmation of the level holding by several touches and the appearance of volumes for sales.

Stop: 60.76 we hide it behind the high of the retest.

Exit: Close part of the position before the strong daily level of 56.07. Close the rest of the position at 55.00 after an unsuccessful attempt to update daily low.

Risk Rewards: 1/5

P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.

Aviso legal

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