The Berkeley Group Holdings plc : The bullish trend could resume
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 3,242 | GBX 0 | GBX 3,110 | -100% |
This company enjoys a five stars rating which underlines its sound finances, its profitability and the analysts’ optimism. There is an approximate +6% potential to reach the consensus average target price.
Graphically, the long and the medium term trends remain bullish. Nevertheless, in the very short term a consolidation phase occurred. That led the stock near the GBp 3233 threshold. This level, with the support of the rising 50-day MA should act as a stepping stone for a forthcoming surge.
Consequently, investors may open a long position at current prices and target a reversal toward the short term resistance at GBp 3481. A stop loss order will be set at GBp 3140.