RTL Group S.A. : The EUR 68 support area is tested
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€68.7 | €0 | €65.9 | -100% |
From a fundamental viewpoint, the company has a value in line with the industry as its enterprise value ratios shows.
Technically, the security is in a negative configuration in the short term as the bearish trend of 20-day moving average, currently at EUR 71.4. Nevertheless, the stock seems in an oversold situation, near to its EUR 68 support in daily data. This level might stop the bearish trend in the short term.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy RTL Group in a good timing. Investors might placed a stop loss order under EUR 66 in order to avoid important losses.