It seems the end of the technical recovery.

Graphically, the share is in a period of technical rebound that allowed it to reach the GBp 416.4 mid-term resistance. This area could trigger a sell signal for investors. Furthermore, the rallying of the GBp 392, corresponding to the 20-day moving average will be considered for upcoming sessions.

The technical configuration lead us to predict a consolidation phase, at least in the short term. The GBp 416.4 should play its full role and stop the upward trend initiated in the short term. Therefore, to take advantage of this technical correction, a short trade may be opened in the current area to target GBp 392. In case of further upward acceleration, the stop loss will be triggered above the GBp 416.4.