British Land Company PLC : A technical rebound could form
By Arnaud Le Berre
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 569 | GBX 0 | GBX 555 | -100% |
Technically, the security fell sharply for several weeks. This fall has led The British Land Company towards the GBp 565 support area which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the GBp 597 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in The British Land Company.
The trading strategy can benefit from the proximity of the strong bullish slant currently tested in order to buy The British Land Company in a good timing. The potential gain is 5.6 %. Investors might place a stop loss order at GBp 555 in order to avoid important losses.