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Home / Ranges / Reckitt Benckiser Group plc (RB.L) 16-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Reckitt Benckiser Group plc (RB.L) 16-10-19 A trading opportunity for you?

Will shares break support, or will Reckitt Benckiser Group plc (RB.L) continue within the current range and return to the range highs at 6600p? (+10%)

 

  • Currently trading around the 6060p support at 6023p (at time of writing).
  • The range has proven robust to date. Will the pattern repeat?
  • The price has traded within this range for some time. However, traders should be mindful of stop-loss placement.
  • Will the price continue in this range, bouncing once again to recent highs of 6600p? (+10%).
  • Shares -10% from 12-month highs; +7% from 12 month lows.
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

 

Click to enlarge

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