SThree plc : Benefit from a technical rebound
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 350 | GBX 0 | GBX 338 | -100% |
The bullish trend is giving support to the stock SThree and could help for a technical rebound.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, the decline has lead the share on the GBp 346 area. Therefore, a technical rebound will fix a first objective near the GBp 359.5 short-term resistance.
Investor should buy the security close to current prices (GBp 346) to take advantage of a new upward acceleration in the direction of GBp 359.5. A stop loss is placed under GBp 340.