Greene King plc : Upward reversal
Entry price | Target | Stop-loss | Potential |
---|
GBX 833 |
GBX 0 |
GBX 804.5 |
-100% |
---|
According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. The target price define by analysts is at GBp 1020, opening a 23% potential in a 3 month horizon.
On a technical point of view, the stock has rebounded on the GBp 818 and an upward trendline giving argument for a bullish movement in the next trading session.
Thus, the stock could find new energy and would rise towards the next GBp 845.5 resistance and the GBp 877 technical level.
Therefore, the proximity of the GBp 818 support is an opportunity to go long on Greene King. The first goal is a return in the GBp 845.5 resistance area, level that should be broke-out in order to reach the main target at GBp 877. A stop-loss will be fixed at GBp 804.5.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.