Polyus Gold International Ltd : Keen interest
Entry price | Target | Stop-loss | Potential |
---|
GBX 183 |
GBX 0 |
GBX 177.8 |
-100% |
---|
Polyus Gold International is back on its support area and this is a strategic entry point.
The current prices show a +5% potential to reach the consensus average target price.
Technically, the security is in a consolidation area limited by the significant 179.2 support and the GBp 210.5 resistance. Above the lower limit, investors should stay optimistic. The stock is currently testing the GBp 181.3/179.3 strip support. This level should act as a stepping stone for a forthcoming acceleration.
Consequently, investors might open a long position at current prices, in order to benefit from a technical rebound. The GBp 194.8 pivot point could be a first goal. This strategy should be covered by a stop loss placed under the GBp 179.2 support because a breakdown of this level would invalidate this scenario.
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