Persimmon Plc : GBp 986.5 resistance as line of sight
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 935 | GBX 0 | GBX 932 | -100% |
Technical patterns are in the green: prices are up for several months. Prices have recently overflown its bullish trend line. The reversal should continue in the coming trading sessions. The 20-day moving average should help to reach the GBp 986.5 resistance.
In consequence, investors can take a long position in Persimmon with a first target price at GBp 986.5. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be fixed under the short term support at GBp 941.