Savills plc : Healthy ascending trend
By Camille Chretien
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 608.5 | GBX 0 | GBX 585 | -100% |
Indeed, the uptrend seems very healthy on the medium and long term. Prices are supported by a bullish trend line as well as the 100-day moving average. Furthermore, prices have already bounced on the GBp 598 support, and are heading towards GBp 630.
Thus, a long position can be opened at the current price. The GBp 630 pivot point is in line of sight before to aim GBp 664. A stop loss must be placed below the support area.