Unite Group plc : An opportune reversal
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 632.5 | GBX 0 | GBX 604.5 | -100% |
Graphically, buyer flows are reduced. If the trend is now neutral in the short term, profit taking is part of a rebound on the GBp 627 and therefore does not affect the upward trend in the medium and long term.
Investors should watch the security close to GBp 627 to take advantage of a new upward acceleration in the direction of recent highs near GBp 700. A stop loss is placed under GBp 627.