In the past few sessions Galliford Try's share sharply fell but the stock is presently coming back to a significant support level.

After several weeks of horizontal fluctuations within the mid-term range GBp 1338 / GBp 1498, the stock is coming back close to the lower limit of the range. Moving averages are flat and technical indicators illustrate the oversold situation. The GBp 1338 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the GBp 1400 short-term resistance and then the trendline at GBp 1450.

The Bollinger band width was reduced with the accumulation phase of recent trading sessions, confirming the volatility.
In fact, the configuration could quickly take over an uptrend with the combination of all technical and fundamental factors. Most active investors could therefore open long trades to aim the GBp 1400; the crossing of this level would open the way to new objectives with a second technical target at GBp 1450. However, the trade needs to be protected by a stop-loss order below the GBp 1338.