Cineworld Group PLC : Should buy the stock near GBp 448
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 456.33 | GBX 0 | GBX 441.9 | -100% |
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have been revising upward their earnings estimates.
Following a bullish wave, the stock now shows a slight decline that should lead it toward its GBp 448.1 midterm support. At this level, a re-boost of buyers would enable an upturn in the medium and long term.
In presence of this level, a rebound could happen into the GBp 448.1 area. Investors could oepn long trades on this level in order to profit of an interesting entry point for a stop below the medium term support.
The targets will be GBp 485.8 and GBp 520, the stop-loss will be fixed at GBp 442.