SIG plc : Technical rebound on the GBp 193.8
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 198.26 | GBX 0 | GBX 189.2 | -100% |
The upward trend could come to support SIG in the coming sessions even if the stock has lost more than 10% in the last trading sessions.
Following a bullish wave, the stock now shows a slight decline that has lead it towards its GBp 193.8 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term.
A technical rebound is anticpated on the GBp 193.8 area. It could be a basis for a purchase to target GBp 203.1 and then the GBp 216.3. A stop loss will be fixed below the entry point to limit the risk.