Countrywide plc : We anticipate a reversal
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 528.5 | GBX 1 | GBX 506.8 | -99.81% |
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline has lead the share to the GBp 511.5 support which has been tested many times since the beginning of the year. Therefore, a technical rebound can happen on it and an objective will then be fix near the GBp 556 short-term resistance.
Investor should watch the security close to GBp 511.5 to take advantage of a new upward acceleration in the direction of GBp 556. A stop loss is placed under GBp 511.5.