Fresnillo plc : Looking for a support
By Bastien Chabasseuil
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 821 | GBX 0 | GBX 876 | +100% |
Technically, the GBp 737 support is still far and we don't see any durable rebound before the contact with this area. The recent breakout of the GBp 902 support offers a new decrease potential.
Active investors can initiate a short position around the current price to target a contact with the support at GBp 737. A stop loss must protect the position at around 50% a the anticipated performance.