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Another Level – Today’s Key Charts - 28 August 2018

Where next?
  • Will the price fall towards lows of 201p (-10.1%)? or;
  • Will the price rise towards highs of 278p (+24.4%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Uptrend since May
  • Trying to break out of a long-term falling channel
  • 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 131.6p (-8.2%)? or;
  • Will the price rise towards highs of 153.5p (+7.1%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • August downtrend
  • Nearing May-July lows support
  • Bounce off support incoming?

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 2561p (-8.5%)? or;
  • Will the price rise towards highs of 3009p (+7.5%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Sharp sell-off in August
  • Bounce off twin support
  • 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 755p (-2.5%)? or;
  • Will the price rise towards highs of 802p (+3.6%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • 2018 uptrend interrupted in July
  • Share are well off 2018 highs
  • Nearing May lows
  • Bounce off support, or continuing the sell-off?

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 6677p (-8.0%)? or;
  • Will the price rise towards highs of 8092p (+11.5%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Rebounding after steep fall in mid-August
  • Close the gap?

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 4981p (-4.1%)? or;
  • Will the price rise towards highs of 5629p (+8.4%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Rebound off 2018 lows
  • Falling channel since April
  • Back to channel ceiling?

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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