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Home / Support and Resistance / Associated British Foods PLC (ABF.L)

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Associated British Foods PLC (ABF.L) A trading opportunity for you?

 

 

Will Associated British Foods PLC (ABF.L) move below the 2240p support, or will it return to year highs of 2575p (+15%)?

  • Trading close to the 2309p support (at time of writing), are some trading to buy in anticipation of another bounce?
  • Has tested this level repeatedly since February this year, faling repeatedly to break this support level.
  • Not yet on support, but traders should keep a close eye for a potential retest.
  • Shares -15% from 2019 highs; +11.2% from 2019 lows; +11.2% year-to-date.
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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