Ann Inc : Possible technical rebound
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$28 | US$0 | US$26.95 | -100% |
Technical indicators show that the stock is oversold and prices have just bounced on the USD 27.6 support. In weekly data, the 100-period moving average is coming in support. Thus, the security could find new energy and would rise towards the next USD 30.1 resistance.
In consequence, it seems opportune to take a long position at the current price. The target will be the USD 30.1 resistance. A stop loss must be placed below the USD 27.6 support.