NatWest Group plc : The mid-term trend could accelerate in few sessions
By Pierre Gilles de la Londe
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 367.13 | GBX 0 | GBX 343.6 | -100% |
This strategy is mainly based on technical arguments.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend, indeed shares are currently in contact with the upward trend line. In the short term, a decline led the stock near to the GBp 363.7 support. Therefore, a technical rebound will fix an objective near the GBp 403.9 short-term resistance.
Investors could take a buy order on this level and get a good entry point in order to target the GBp 403.9 resistance. A stop should be set below the GBp 363.7 medium term support.