SIG plc : Upon contact with significant supports
Entry price | Target | Stop-loss | Potential |
---|
GBX 126.9 |
GBX 0 |
GBX 119.8 |
-100% |
---|
SIG is close to an area that might stop the downward trend.
In terms of valuation, the enterprise value represent 0.36 times the sales. It is an attractive valuation.
From a technical viewpoint, the trend is neutral in the mid term. The security is trading between GBp 122.4 and GBp 149 in daily data. The latest downtrend pushed the security upon contact with important levels (in the long and mid-term). These supports, respectively at GBp 120 and GBp 122.4, could stop the bearish trend of these last days.
Investors can open a long trade near the GBp 122.4 area. In first instance, the target price will be the first daily resitance at GBp 137.1. In case of breakdown of the GBp 122.4 support at the closing price, investors should close their trades.
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