Darty PLC : Facing to a strong resistance
Entry price | Target | Stop-loss | Potential |
---|
GBX 87.25 |
GBX 0 |
GBX 91.25 |
+100% |
---|
After a technical rebound, the stock is showing signs of weaknesses near to the GBp 88.25 resistance.
Technically, the security could run out of steam close to the GBp 88.3 resistance. Indeed, the stock is moving in an upward trend in the short term but it could know a halt. In this context, the downward movement could improve and it should expect a return to GBp 79.3. Indicators that show an overbought situation confirm this scenario.
Therefore, the most offensive investor can benefit from the technical configuration to take a short position. The objective will be fixed near to the GBp 79.3 support. The stop loss will be set above GBp 88.3.
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