Clinigen Group plc : The GBp 615 support area being tested
Entry price | Target | Stop-loss | Potential |
---|
GBX 623.44 |
GBX 0 |
GBX 598 |
-100% |
---|
The GBp 602.5 support, currently tested, should allow Clinigen Group to rally again.
The stock is currently oversold and is trading in a mid-term bearish trend. In the short term, this trend is reversed after contact with the GBp 615.5 area. Clinigen Group should be able to confirm its rebound in further sessions. This support and an upward trendline means a trading opportunity in order to anticipate a technical rebound toward GBp 679.
Considering technical elements, it seems to be an appropriate timing to open immediately a long trade in Clinigen Group in order to benefit from the GBp 615.5 support area. A first target price will be the GBp 679 resistance, ie a potential of 9%. A stop loss order will be placed under the mid-term support currently tested. Only a crossing of GBp 679 would validate a bullish trend in order to aim a higher target price.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.