William Hill : Time to come back to the top
By Bastien Chabasseuil
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 371.22 | GBX 0 | GBX 358 | -100% |
After several weeks of decrease, the share is now in contact with the major mid-term support. Moving averages are flat and technical indicators illustrate the oversold situation. The GBp 370.6 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the GBp 401.2 mid-term resistance and then the long-term target price is GBp 423.7.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy William Hill in a good timing. Investors might placed a stop loss order around GBp 358 in order to avoid important losses.