British Land Company PLC : Continuation of the bullish trend
Entry price | Target | Stop-loss | Potential |
---|
GBX 760.5 |
GBX 0 |
GBX 749.9 |
-100% |
---|
British Land Company is trading in a bullish trend and several arguments are in favor of the continuation of this trend.
The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.
Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions. The 20-day moving average should help to reach the GBp 777 short term resistance. Indeed, we can expect a rebound on this moving average.
Thanks to these good indicators, it seems relevant to take a long position on British Land Company at the current price. The target price is the GBp 777 resistance. A stop loss will be set under the 20-day moving average at GBp 756 because a breakdown of this level would damage technical pattern.
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