KCOM Group PLC : Lower limit of a trading range
Entry price | Target | Stop-loss | Potential |
---|
GBX 83.65 |
GBX 0 |
GBX 82.8 |
-100% |
---|
The upward trend could come to support KCOM Group in the coming sessions, thanks to the proximity of a daily support.
KCOM Group is in an uptrend trend in the mid and long term, but the last bearish movement make the share close to a major support level. This threshold, if preserved, will enable to enjoy the bullish movement. Moreover, this support is corresponding to the lower limit of a trading range which can be helpful for a technical rebound.
Investor should watch the security close to GBp 84.1 to take advantage of a new upward acceleration in the direction of GBp 88.5. Then a stop loss will be placed under GBp 83(20 and 100-day movings average).
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