1. Exit Case: JD Sports Fashion PLC

JD Sports Fashion PLC (LSE: JD.) is an FTSE 100 index-listed multichannel retailer of sports fashion and outdoor brands.

JD. has been a part of the ‘Value Model Portolio’ since 26 July 2024, however, considering the recent rally, trading above resistance levels in the stock, support & resistance levels, and ~25.24% upside from the entry price, an ‘Exit’ is recommended from the stock near the resistance of GBX 154.30, (as on closing price 16^th September 2024).

JD Sports Fashion PLC (LSE: JD.) is a part of Kalkine’s Value Model Portfolio, has breached its resistance level around which an exit case emerges.

1.1 Support and Resistance Summary as provided in our last published report dated 26 July 2024.

1.2 JD Sports Fashion PLC (LSE: JD.)

2. New Entry Case: OSB Group PLC (LSE: OSB)

Overview: OSB Group PLC (LSE: OSB) is the FTSE 250 listed specialist lending and retail savings group..

Technical Analysis: On the daily chart, OSB prices bounced from the crucial support levels around the current levels and forming a reversal patter from the recent lows. The 14-period Relative Strength Index (RSI) stands at approximately 44.66, reflecting the prices are recovering from an oversold zone. The key support for the stock is at GBX 348.00, while the critical resistance level is at GBX 472.20.

Considering the above mentioned factors, technical analysis, support & resistance levels, key risks and outlook an ‘Entry’ is recommended in the ‘Value Model Portfolio’ at the closing market price of GBX 390.20, as on (as on 16^th September 2024).

OSB Group PLC (LSE: OSB) has been identified as the new entry to our Value Model Portfolio.

2.1 Support and Resistance Summary (as on closing price of 16 September 2024)

2.2 Technical Price Chart (LSE: OSB)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of (16^th September 2024). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.