J D Wetherspoon plc : A trading opportunity
By Alexis Peyrard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 785.85 | GBX 831 | GBX 764 | +5.75% |
Technically speaking, the share shows a bullish configuration in the medium and long term. The recent consolidation phase was stopped by the GBp 785. As weekly moving averages are well-oriented, a reversal can be anticipated with the stock quickly rebounding towards GBp 831.
Therefore, investors could take a buyer position on this level in order to profit of an interesting entry point. The target will be GBp 831 and a stop loss will be placed under the Gbp 771 support level in case of further correction.