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Another Level – Today’s Key Charts - 20 July 2018

Where next?
  • Will the price  rise towards highs of 751p (+6.4%)? or;
  • Will the price  fall towards lows of 639p (-9.5%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Multi-month downtrend
  • Back at trendline of falling 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 610p (-3.9%)? or;
  • Will the price rise towards highs of 694p (+9.3%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Rebound off Feb lows
  • 9-month horizontal range

 

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 144p (-5.9%)? or;
  • Will the price rise towards highs of 165p (+7.8%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • 2018 uptrend
  • Bounce off rising support
  • Bounce off intersecting support

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 170p (-5.6%)? or;
  • Will the price rise towards highs of 235p (+30.6%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • 12-month uptrend
  • Rising channel
  • Trading back at channel floor

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 700p (-7.8%)? or;
  • Will the price rise towards highs of 815p (+7.4%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Bounce off 740p
  • New sideways range

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 151.3p (-11.1%)? or;
  • Will the price rise towards highs of 187.7p (+10.3%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Bullish breakout
  • Close to test of 2018 highs
  • Potential bullish flag pattern to November 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

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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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Prepared by Michael van Dulken, Head of Research
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