Greencore Group plc : In an upward trend
Entry price | Target | Stop-loss | Potential |
---|
GBX 369.6 |
GBX 0 |
GBX 362.4 |
-100% |
---|
Greencore Group could rebound on the trendline currently tested.
Technically, prices continue to increase sharply for several month. On all time scales, all indicators are green and moving averages are well oriented. The security is now moving toward the mid-term resistance located at GBp 388.8 and seems able to breakout soon. This crossing would provide a strong buy signal in order to reach the trendline at GBp 405.
Given these elements, most active investors could open a long trade and aim to cross the GBp 388.8 resistance for a new bullish signal. A stop loss is placed below the GBp 364 level, threshold that would invalidate the bullish strategy.
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