Inmarsat plc : A consolidation phase has begun
By Alexis Peyrard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 746.5 | GBX 700 | GBX 776 | +6.23% |
From a technical viewpoint, the share evolves in a large trading range between GBp 669 and GBp 768. The recent contact with the upper bound of this range engaged some profit taking and a consolidation phase started. This movement could accelerate in the coming sessions towards GBP 700.
Therefore, a short position could be taken at the current price aiming at GBp 700. Nonetheless, a stop loss will be placed over the entry points avoiding any bullish overflow.