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Royal Mail Daily Technical Analysis | 2 October 2017

2017-10-02 04:10 pm | Resource: Technical Analysis Section | No Views : 291

Royal Mail is trading in a bearish direction on an hourly basis, but given the lower range you will find that neutrality dominates European stock prices, the SMA and the Slow Medium does not show any clear direction.

Royal Mail Daily Technical Analysis | 2 October 2017

After that, the failure of the stock to breach the resistance level 389 euros and fell down failed to stabilize above the level of 384.10 as a result of weakness of buyers and failed to break as a result of weak sellers, the stock needs a strong incentive to raise the appetite of the bear or bull.
It is expected that in the event of a break of Royal Mail level of 383.10 euros may target levels of 380.08 on the other side, if the breach of 386.54 level may target 389.52.
Support: 384 - 380.08 - 370.06
Resistance: 389-394-402
Trend: neutral


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