Utilitywise PLC : Profit from the technical rebound
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 127.25 | GBX 0 | GBX 119 | -100% |
Utilitywise is oversold and near to GBp 125.3. This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next GBp 141.8 resistance.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Utilitywise with a good timing. The potential gain is 11.4 %. Investors might placed a stop-loss order at GBp 121.5 in order to avoid important losses.