Rhythmone PLC : Ready for a new bullish trend
Entry price | Target | Stop-loss | Potential |
---|
GBX 91.5 |
GBX 0 |
GBX 84.8 |
-100% |
---|
Blinkx continues its bullish trend in order to test new highest level.
From a fundamental viewpoint, the company is strong. The growth potential is important due to the development of the company.
Technically, the security is in an uptrend on all time scales. The bullish trend will not be stopped until prices are above the pivot point of GBp 88. This trend should allow the stock to reach its GBp 97.75 long term resistance, which will be the first target price.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price in order to benefit from a possible reversal. The first target price is the GBp 97.75 resistance. A breakout of this level will be a new bullish signal for higher target price around GBp 105. A stop loss will be fixed under the GBp 85.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.