PayPoint plc : The GBp 1000 support area is tested
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,009 |
GBX 0 |
GBX 982 |
-100% |
---|
The fundamental analysis of the company give arguments in order to buy it.
Technically, the security fell on the psychological level of GBp 1000. This area correspond also to a bullish trendline. The first target of this bullish trend is the GBp 1043 resistance. Then, the rebound should reach the GBp 1075, the mid term resistance.
Considering technical and fundamental elements, it seems to be an appropriate timing to take immediately a long position in Paypoint in order to benefit from the GBp 1000 support area. A first target price will be the GBp 1043 resistance. A stop loss order will be placed under the mid-term support currently tested. Only a crossing of GBp 1043 would validate a bullish trend in order to aim the GBp 1075.
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.