KCOM Group PLC : Lower limit of a trading range
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 83.65 | GBX 0 | GBX 82.8 | -100% |
KCOM Group is in an uptrend trend in the mid and long term, but the last bearish movement make the share close to a major support level. This threshold, if preserved, will enable to enjoy the bullish movement. Moreover, this support is corresponding to the lower limit of a trading range which can be helpful for a technical rebound.
Investor should watch the security close to GBp 84.1 to take advantage of a new upward acceleration in the direction of GBp 88.5. Then a stop loss will be placed under GBp 83(20 and 100-day movings average).