SIG plc : Technical rebound on the GBp 193.8
Entry price | Target | Stop-loss | Potential |
---|
GBX 198.26 |
GBX 0 |
GBX 189.2 |
-100% |
---|
We anticipate a reversal on the support currently tested (GBp 193.8).
The upward trend could come to support SIG in the coming sessions even if the stock has lost more than 10% in the last trading sessions.
Following a bullish wave, the stock now shows a slight decline that has lead it towards its GBp 193.8 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term.
A technical rebound is anticpated on the GBp 193.8 area. It could be a basis for a purchase to target GBp 203.1 and then the GBp 216.3. A stop loss will be fixed below the entry point to limit the risk.
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.