Serco Group plc : We anticipate a reversal
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 622.5 | GBX 0 | GBX 589 | -100% |
Serco Group is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented and sustain the bullish trend. In the present configuration, the process is very gradual; however, prices have just begun a consolidation phase. It could be interesting in the coming sessions and the GBp 611.5 support could help for a return to the year's high.
Investor should watch the security close to GBp 611.5 to take advantage of a new upward acceleration in the direction of GBp 683.5. A stop loss is placed under GBp 590.