Currys plc : A potential reversal
Entry price | Target | Stop-loss | Potential |
---|
GBX 413.3 |
GBX 0 |
GBX 402.2 |
-100% |
---|
Dixon should know an acceleration phase after a downfall.
Fundamentally, the consensus’ opinion is strongly on the buy side. Moreover, the share has a +18% potential to reach the consensus average price target.
Technically, the share is near the GBp 409.5 short term support after a fall from the GBp 464.5 pivot point. Moreover the security is currently below its 20-days and 50-days moving averages. In this graphical configuration, investors can legitimately hope a rebound and target the GBp 426.7 as a first goal. The second target will be the GBp 449.
A stop loss should be set at GBp 402.2.
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