Cineworld Group PLC : Should buy the stock near GBp 448
Entry price | Target | Stop-loss | Potential |
---|
GBX 456.33 |
GBX 0 |
GBX 441.9 |
-100% |
---|
Take advantage of the bullish trend forming.
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have been revising upward their earnings estimates.
Following a bullish wave, the stock now shows a slight decline that should lead it toward its GBp 448.1 midterm support. At this level, a re-boost of buyers would enable an upturn in the medium and long term.
In presence of this level, a rebound could happen into the GBp 448.1 area. Investors could oepn long trades on this level in order to profit of an interesting entry point for a stop below the medium term support.
The targets will be GBp 485.8 and GBp 520, the stop-loss will be fixed at GBp 442.
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