Smiths Group plc : GBp 1320 as a support
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,337 |
GBX 0 |
GBX 1,295 |
-100% |
---|
Running out of steam as opportunity.
Smiths Group could regain its upward trend after having run out of steam thanks to the GBp 1320 support.
Smiths Group is in an uptrend in the medium and long term, but the last bearish movement returns close to a major support level. This threshold, if preserved, will enable to enjoy the bullish movement.
The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy Smiths Group. The objective will be set at GBp 1419. The stop loss will be triggered below the GBp 1320 support.
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