Greggs Experiencing A Deep Pullback

Last post: July 28th 2019. See chart.

Review: Price was trending up nicely and was above the 50 simple moving average.

Update: Since then price has moved down through the 50 simple moving average and is heading towards the £20 round number.

Conclusion: We need to see if any support levels will hold price and help it reverse back to the upside. Otherwise, we may still see further moves to the downside.

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