Entertainment One Ltd. : The upward tendency continues
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 355.95 | GBX 0 | GBX 342 | -100% |
The company shows strong fundamentals. The consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages and a positive trendline. In weekly and daily data, moving averages help the stock to keep its uptrend.
Thanks to these good indicators, it seems relevant to open a long position in Entertainment One at current prices. The target price is the GBp 372.1 resistance. A stop loss will be set under the trendline because a breakdown of this level would damage technical pattern.