Unilever PLC : The "Trading Range" as an opportunity
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 2,827 | GBX 0 | GBX 2,690 | -100% |
The technical configuration shows that buyer flows are reduced. If the trend is now neutral in the short term, the trading range GBp 2800/2925 should be preserved. Thanks to the proximity of the lower band of this area, investors should benefit from the current prices to buy the stock.
In consequence, a new upward acceleration from the current prices area will open a target price at GBp 2926 and then GBp 3015. A stop loss will be placed under GBp 2800.