J Sainsbury plc : We anticipate a reversal
Entry price | Target | Stop-loss | Potential |
---|
GBX 329.2 |
GBX 0 |
GBX 305.15 |
-100% |
---|
Take advantage of the uptrend and the recent downturn to buy the security.
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. Based on current prices, the company is valued at 0.36 times its sales.
Following a bullish wave, the stock now shows a slight decline that should lead towards its GBp 323.8 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term.
In this configuration, a decrease seems unavoidable in the GBp 323.8 area. Investors could take a buy order on this level and get a good entry point with a stop below the medium term support.
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