Safestore Holdings Plc : Price acceleration in sight
Entry price | Target | Stop-loss | Potential |
---|
GBX 277.25 |
GBX 0 |
GBX 253.9 |
-100% |
---|
Safestore Holdings could regain its upward trend after having ran out of steam.
Moreover, at current price, the company is trading 14.1 times its estimated earnings which implies a significant potential.
Safestore Holdings shows a bullish configuration in the medium and long term. In weekly data, moving averages are well-oriented and support the stock. The current pattern shows a trend that remains very progressive, nevertheless, a consolidation phase has just begun and this could help for a rebound in the next trading sessions.
The decline observed in the short term offers an interesting entry point for a mid-term trading strategy. Thus, investors could take advantage of the current prices level to buy Safestore Holdings. The target will be set at GBp 302.2. The stop loss will be triggered below the GBp 258.25 level.
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