Price has held £7.30 area for around 6 weeks during the very intense selling from world equities. This area represented a gap to be filled dating back to 2017.
There is a further gap lower for those hoping for an even better entry. It's possible the price could hit this area but increasingly unlikely given duration of support at £7.30 (obviously further pressure on equities incl. BREXIT could change this).
During the fall the price has also formed a descending wedge which is the main bull case. The positive close into the year end at £8.00 put pressure on the top of the wedge. Most technical indicators are exhausted to the sell side.
Upside targets are attractive. A break above £10 would be a significant step representing a break of the downward trend and also a rejection of the H&S formation consistent with many stock prices at the moment.
Targets £10, £14.40, £18.70
There is a further gap lower for those hoping for an even better entry. It's possible the price could hit this area but increasingly unlikely given duration of support at £7.30 (obviously further pressure on equities incl. BREXIT could change this).
During the fall the price has also formed a descending wedge which is the main bull case. The positive close into the year end at £8.00 put pressure on the top of the wedge. Most technical indicators are exhausted to the sell side.
Upside targets are attractive. A break above £10 would be a significant step representing a break of the downward trend and also a rejection of the H&S formation consistent with many stock prices at the moment.
Targets £10, £14.40, £18.70
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.