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Another Level – Today’s Key Charts - 24 August 2018

Where next?
  • Will the price fall towards lows of 5520p (-6.1%)? or;
  • Will the price rise towards highs of 6112p (+3.9%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Close to record highs
  • Slight pullback
  • Uptrend to resume?

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 467p (-13.4%)? or;
  • Will the price rise towards highs of 625p (+16.0%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Uptrend since mid-July
  • Rising channel
  • Slight pullback in late August

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 2916p (-6.8%)? or;
  • Will the price rise towards highs of 3300p (+5.5%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Series of horizontal ranges since April
  • Close to record highs
  • Possibility of a break higher to form another 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 1484p (-7.5%)? or;
  • Will the price rise towards highs of 1722p (+7.3%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Uptrend since April
  • Rising channel
  • Close to 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 1575p (-17.0%)? or;
  • Will the price rise towards highs of 2344p (+23.6%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Steep uptrend since early 2018
  • Rising channel toward 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 3998p (-11.9%)? or;
  • Will the price rise towards highs of 5098p (+11.7%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Steep uptrend since early 2018
  • Rising channel toward 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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