Workspace Group Plc : Continuation of the bullish trend
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 848.25 | GBX 0 | GBX 792 | -100% |
Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions. On the long run the stock evolve in an uptrend channel. Supported by the 20-day moving average it is touching the upper trend line and might soon overtake it.
A stop loss will be set at 792 GBp pivot point which then set our first target price at GBp 960. We use a 2/1 ratio to set our goal vis-a-vis our loss acceptance.