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Home / Support and Resistance / WPP (WPP.L) 30-03-20

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

WPP (WPP.L) 30-03-20

WPP (WPP.L): will it break the 498p key support level, or bounce to highs of 1077p (+114%)?

 

  • Currently trading around the 498p support. The current price is 502.4p (at time of writing).
  • Support levels like these are often used by traders to assist with decision making.
  • Strong support levels often suggest that there may be ‘hot money’ looking to buy at the key level. Of course, valuations can change.
  • Will the share price rally again to recent highs of 1077p? (+114%).
  • Shares -53% from 12-month highs; +2% from 12 month lows.

 

 

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