BTG : This could be the time to buy
Entry price | Target | Stop-loss | Potential |
---|
GBX 706.5 |
GBX 0 |
GBX 695 |
-100% |
---|
BTG shows relatively strong fundamentals and is coming back to attractive prices.
Technically, the security is in a negative configuration in the short and mid term as the bearish trend of 20-day moving average, currently at GBp 736.8, shows. Nevertheless, the stock seems being oversold, near its GBp 708.5 support in daily data, due to its 2% downward movement on the last trading sessions. This level might stop the short term slumping, thanks also to the trend line.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy BTG with a good timing. The potential gain is around 6%. Investors might placed a stop loss order at GBp 698.7 in order to avoid important losses.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.