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Another Level – Today’s Key Charts - 31 August 2018

Where next?
  • Will the price fall towards lows of 695p (-3.7%)? or;
  • Will the price rise towards highs of 820p (+13.6%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Rising support since February
  • 700p level holding up since July

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 rise towards highs of 580p (+6.5%)?
  • Will the price fall towards lows of 479p (-12.0%)? or;

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Falling channel
  • Shares slowed up at ceiling
  • Back towards floor, or recent lows?
  • Range trading opportunity?
  • Disappointing Nationwide UK house price data this morning

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 131p (-9.9%)? or;
  • Will the price rise towards highs of 165p (+13.4%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Bounce off twin support
  • End of July downtrend?
  • Rising channel?
  • Range trading opportunity?

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 650p (-3.2%)? or;
  • Will the price rise towards highs of 715p (+6.5%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Shares fallen 8% from recent 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 321p (-2.7%)? or;
  • Will the price rise towards highs of 342p (+3.6%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Rising channel
  • Uptrend since May
  • Bounce off floor?
  • Range trading opportunity?

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 2768p (-11.1%)? or;
  • Will the price rise towards highs of 3813p (+22.4%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Will intersecting support hold up at 3100p?
  • Range trading opportunity?

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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