Tyman plc : Bearish scenario preferred
Entry price | Target | Stop-loss | Potential |
---|
GBX 299.5 |
GBX 0 |
GBX 305.6 |
+100% |
---|
Tyman could start a technical downward trend after the rebound in recent sessions.
Graphically, the stock went through a period of rebound in recent sessions towards the GBp 302 medium-term resistance. The share should consolidate near this area. It could act as a stopping point of the upward movement. This scenario suggests a return to the GBp 273.5 support area which will be a bearish objective.
Therefore, the most offensive investor can benefit from the technical configuration to open a short position.
The objective will be fixed near to the GBp 273.5 support. Only the breakdown of this level would open up new bearish targets toward GBp 247.5. The stop loss will be set at GBp 305.6.
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