Entertainment One Ltd. : The upward tendency continues
Entry price | Target | Stop-loss | Potential |
---|
GBX 355.95 |
GBX 0 |
GBX 342 |
-100% |
---|
Entertainment One has still an uptrend and is going toward its highest level.
The company shows strong fundamentals. The consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages and a positive trendline. In weekly and daily data, moving averages help the stock to keep its uptrend.
Thanks to these good indicators, it seems relevant to open a long position in Entertainment One at current prices. The target price is the GBp 372.1 resistance. A stop loss will be set under the trendline because a breakdown of this level would damage technical pattern.
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