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Another Level – Today’s Key Charts - 14 May 2018

Where next?
  • Will the price rise towards highs of 2100p (+8.9%)? or;
  • Will the price fall towards lows of 1859p (-4%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Stock trading within long-term uptrend
  • Retraced some of recent gains to 1930p
  • If breached, could go to channel floor at 1850p
  • Upside initially to 2060p year highs, then on towards 2189p 2017 highs

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  • Will the price fall towards lows of 206p (-4.3%)? or;
  • Will the price rise towards highs of 218p (+1.3%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Currently testing early 2017 falling highs resistance
  • If breached, next test at 218p horizontal  support
  • Could retrace to May lows of 201-205p if resistance proves too tough

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  • Will the price fall towards lows of 1550p (-9.6%)? or;
  • Will the price rise towards highs of 1935p (+12.8%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Has been trading sideways in 2018, but broken out last Friday
  • Breached horizontal resistance (now support) at 1695p
  • Currently at multiyear highs, potential upside to 2015 high of 1935p

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  • Will the price fall towards lows of 150p (-10%)? or;
  • Will the price rise towards highs of 179p (+7.4%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Stock testing falling highs resistance
  • Retraced one quarter of last week’s jump
  • If it continues retracing, support available at 149p
  • If falling highs resistance breached, there’s upside to 179p

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  • Will the price fall towards lows of 262p (-9.6%)? or;
  • Will the price rise towards highs of 302p (+4.2%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Stock testing falling highs resistance dating back to summer 2017
  • If breached, next resistance level at 302p
  • Downside potential goes to support level at 262p

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

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