country flagالعربية

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

Other news

European stock indexes start mixed as central bank updates

Investors were digesting on Thursday the accompanying signals from the US Federal Reserve, which yesterday cut interest rates, and the subsequent hint from the Bank of Japan that it could boost stimulus next month after a policy review. European stock indexes have only slightly changed ahead of scheduled speeches by Benoit Coeur and Sabine Lottenschleeger from the European Central Bank and last month's UK retail sector statistical report. Central banks…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.