Unilever PLC : In an upward trend
By Sébastien Gatel
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 3,075.5 | GBX 3,300 | GBX 2,998 | +7.3% |
Graphically, the security is up +4% since the 1st January. It seems able to continue this uptrend supported by moving averages and will soon test the GBp 3085 mid-term resistance. We anticipate a crossing of this level, given the upward orientation of the stock in the medium and long term. Above GBp 3085, an upward signal will be given.
Taking into account all these elements, investors could buy the stock beyond GBP 3100. The target price is set in the GBp 3300 area. Nevertheless, a stop loss will be fixed below the GBp 3085 short term support, threshold that would invalidate the strategy.