The technical configuration suggests a correction in the short term.

Graphically, the share is in a period of technical rebound that allowed it to reach the GBp 1107 mid-term resistance. This area could trigger a sell signal for investors in case of profit-taking. Furthermore, the rallying of the GBp 1026 pivot pivot point area will be considered for upcoming sessions.

The graphical configuration argues to establish a short position at the current price. The end of the technical rebound, the consolidation phase and overbought situation: Close Brothers Group has all the characteristics for short selling. The first objective will be fixed near the GBp 1056 short term support and by extension the GBp 1026 area. This strategy should be protected by a stop loss above GBp 1107.