The stock Genel is currently meeting a technical level which should initiate a downward movement.

Graphically, the security is trading in a bearish trend. In the short-term, the stock has rebounded on the GBp 460 support and is now evolving on a neutral trend. This rebound seems technical and is not likely to continue. Indeed, 50 and 100-day moving averages are still in a downtrend and argue for a continuation of the decrease in prices. The bearish tunnel is clearly in favor of a continuation of the bearish movement.

The negative trend in the long term should resume in the coming sessions. The entry point could be fixed at current prices in order to target the mid-term support area at GBp 460. A first goal should be the GBp 530 and a stop loss order must be placed above GBp 603.