DLY MAIL & GEN TRUST : This could be the time to buy
Entry price | Target | Stop-loss | Potential |
---|
GBX 746.5 |
GBX 0 |
GBX 734.6 |
-100% |
---|
In the past few sessions Daily Mail and General Trust's share has established a consolidation phase and is now coming back near to a significant support level.
The mean target price established by the analyst is at GBp 891, representing a 20% potential.
Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the GBp 738.5 area should stop this trend and allow a technical rebound towards GBp 774.5. Moreover, the technical configuration shows the strength of the GBp 738.5 support.
Therefore, the proximity of this level is an opportunity to open a long trade in Daily Mail and General Trust. The first goal is a return in the GBp 774.5 resistance area, that is a potential of around 4%. In fact, the security has to cross this area in order to re-establish a bullish trend in the mid term. A stop loss order can be placed under the support currently tested.
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