ASOS shows a strong performance for several trading sessions.

From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by + 33.5% on the current year, with a net margin of 5.43%. Analysts widely revised upward in recent times their revenues estimates, which is a reliable indicator reflecting the company's health.

From a technical viewpoint, prices are well oriented in a bullish trend on different time scales. This positive trend is expected to go toward GBp 5700 which the breakout will give a buying signal.

Taking into account all these elements, investors could buy the stock above the resistance of GBp 5700. The target price will be set above at GBp 6500, corresponding of the bullish trend line. A stop loss will be fixed below the entry point, around GBp 5550.