Cineworld Group PLC : A trading opportunity
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 532 | GBX 0 | GBX 513 | -100% |
Fundamentals confirm the healthy of the stock as analysts revisions are gradually higher concerning earnings per share.
Cineworld Group shows a bullish configuration in the medium and long term. In weekly data, moving averages are well-oriented. The current pattern shows a trend that remains very progressive, nevertheless, a consolidation phase have just begun. This offer an interesting entry point on the stock with the GBp 570 as first target.
In presence of this pattern, the GBp 525 area should be profitable. Investors could open a long trade on this level in order to benefit from an interesting entry point with a stop-loss below the medium term support.