Associated British Foods plc : Rebound on GBp 1810 level
By Sandra Pinturault
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 1,815 | GBX 0 | GBX 1,758 | -100% |
Graphically, buyer flows are reduced. If the trend is now bearish in the short term, profit taking is part of a rebound on the GBp 1810 and therefore should not affect the upward trend in the medium and long term.
Consequently, we expect a decline toward GBp 1810. The most active investors can buy the share in this area and target firstly a return toward GBp 1935 and after GBp 2030. A stop loss can be placed under the GBp 1775 support.