Secure Trust Bank PLC : GBp 2820 as an entry point
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 2,855 | GBX 0 | GBX 2,755 | -100% |
Following a bullish wave, the stock now shows a slight decline that has lead it on the GBp 2820.5 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term thanks to a trendline which support the stock.
A technical rebound is anticipated on the GBp 2820.5 area. It could be a basis for a purchase to target GBp 3000. A stop loss will be fixed below the entry point to limit the risk.