FENNER : A downturn could form
Entry price | Target | Stop-loss | Potential |
---|
GBX 230.24 |
GBX 0 |
GBX 243 |
+100% |
---|
Fenner could start a technical downward trend after the rebound in recent sessions.
Graphically, the share is in a period of technical rebound that allowed it to reach the GBp 240 mid-term resistance. This area could trigger a sell signal for investors in case of profit-taking. Furthermore, the return near the GBp 217.7/210 support area will be considered for upcoming sessions.
Therefore, the most offensive investor can benefit from the technical configuration to take a short position. The objective will be fixed near the GBp 217.7 support. Only the breakdown of this level would open up new bearish targets toward GBp 185.8. The stop loss will be set above GBp 240.
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