Darty PLC : Facing to a strong resistance
By Bastien Chabasseuil
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 87.25 | GBX 0 | GBX 91.25 | +100% |
Technically, the security could run out of steam close to the GBp 88.3 resistance. Indeed, the stock is moving in an upward trend in the short term but it could know a halt. In this context, the downward movement could improve and it should expect a return to GBp 79.3. Indicators that show an overbought situation confirm this scenario.
Therefore, the most offensive investor can benefit from the technical configuration to take a short position. The objective will be fixed near to the GBp 79.3 support. The stop loss will be set above GBp 88.3.