Reach plc : Aim the GBp 145 area
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 133.5 | GBX 0 | GBX 127.8 | -100% |
According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, its future EPS have been revised upward recently.
This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the GBp 145 area, corresponding to a short-term resistance and a trendline.
In consequence, investors should buy the stock in the current area and aim GBp 145. The stop-loss will be positioned below the GBp 128 support.