Greencore Group plc : In an upward trend
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 369.6 | GBX 0 | GBX 362.4 | -100% |
Technically, prices continue to increase sharply for several month. On all time scales, all indicators are green and moving averages are well oriented. The security is now moving toward the mid-term resistance located at GBp 388.8 and seems able to breakout soon. This crossing would provide a strong buy signal in order to reach the trendline at GBp 405.
Given these elements, most active investors could open a long trade and aim to cross the GBp 388.8 resistance for a new bullish signal. A stop loss is placed below the GBp 364 level, threshold that would invalidate the bullish strategy.