Whitbread PLC : Key levels as main support
Entry price | Target | Stop-loss | Potential |
---|
GBX 4,592.94 |
GBX 0 |
GBX 4,480 |
-100% |
---|
Whitbread reaches a strategic entry point and has a considerable potential.
The company benefits from a good profitability, quality earnings and a strong business predictability.
From a technical viewpoint, the trend is neutral in all time scales. The security is trading between GBp 4555 and GBp 4966 for many months. The recent downward movement pushed the security upon contact with important levels (in the long and mid-term). These supports, respectively at GBp 4455 in daily and weekly data, could stop the bearish trend of these last days.
As a result, active investors can open immediately a long trade in Whitbread thanks to the close proximity of the GBp 4555 support area. The main target price is GBp 4966. If there is a breakdown of the GBp 4555 support, investors should close their trades.
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