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Another Level – Today’s Key Charts - 16 July 2018

Where next?
  • Will the price fall towards lows of 1575p (-4.7%)? or;
  • Will the price rise towards highs of 1955p (+18.3%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Re-testing rising support
  • Extension of rising channel?
  • Back to July highs 1750p?
  • Back to channel ceiling 1950p?

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

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Where next?
  • Will the price fall towards lows of 468p (-4.5%)? or;
  • Will the price rise towards highs of 555p (+13.2%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Shallow rising support
  • 480-490p support zone since Feb
  • Bounce back to 2018 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 178p (-6.9%)? or;
  • Will the price rise towards highs of 2085p (+8.8%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Bullish bounce
  • Extension of rebound?
  • Back to falling highs resistance?

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 733p (-10.6%)? or;
  • Will the price rise towards highs of 1010p (+23.2%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Close to re-test of late March support
  • Rebound to highs?
  • Or breakdown, and continuation of downtremd?

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 202p (-9.1%)? or;
  • Will the price rise towards highs of 225p (+1.2%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Long-term downtrend
  • Shares turning over after recent rally
  • Extension of downtrend
  • Sell-off to recent lows?

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 295p (-13.0%)? or;
  • Will the price rise towards highs of 388p (+14.5%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Bullish bounce
  • Extension of February uptrend?
  • Back to May 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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