Recently, the evolution of the equity brought prices close to the midterm support line at GBp 2300 which acts as a protection wall from the downtrend. This area is expected to annihilate bearish possibilities and thus result in a bullish reversal. Technical indicators allow to aim bullish targets at GBp 2433.
According to fundamental and technical analysis, timing seems suitable for buying Berkeley Group Holdings' shares close to its support level at GBp 2300. The bullish target could be set over the GBp 2433 short term resistance with a stop-loss order under the midterm support.
The Berkeley Group Holdings plc is a United Kingdom-based company engaged in building homes and neighborhoods across London, Birmingham, and the South of England. The Company and its subsidiaries are engaged in residential-led, mixed-use property development. The Company specializes in brownfield regeneration, reviving underused land to create sustainable and nature-rich places. The Company's portfolio of developments includes Sunningdale Park, Sunninghill Square, Bankside Gardens, Berkeley Place, Abbey Barn Park, Hareshill Crookham Village, Hartland Village, Knights Quarter, Hertford Locks, The Arches, The Eight Gardens, Farmstead at Tannersbrook, Hildenborough, Holborough Lakes, Foal Hurst Green, Hollyfields, Grand Union, Prince Of Wales Drive, Camden Goods Yard, South Quay Plaza, Chelsea Creek, Beaufort Park, Filmworks Ealing, Woodberry Down, Fulham Reach and others. The Companyâs brands include Berkeley, St Edward, St George, St James, St Joseph, and St William.