country flagالعربية
0
0

Royal Mail Daily Technical Analysis | 26 October 2017

2017-10-26 09:32 am | Resource: Technical Analysis Section | No Views : 317

Royal Mail broke the bullish trend line on the 4 hour interval during last Friday's trading and during this week the stock failed to retest the test and broke the 388.10 level to confirm the downside movement

Royal Mail Daily Technical Analysis | 26 October 2017

The SMA and the Slow Moving Average have crossed negatively, making buyers worse and supporting sellers more.
From the MACD we pointed out earlier that it indicates a decline in buyers' resolve. Currently, the index is cross-crossed and the histogram columns extend further below the zero level.
It is expected that, as long as the British stock trading below 385.86 Euro may target levels of 370.08 on the other side, if the breach of 384.66 level may target 394.39.
Support: 370.09 - 360.50 - 355.39
Resistance: 384.66 - 394.39-402.49
Trend: Down


Other news

Stocks opened mixed in Asia with the start of weekly trading

Asia-Pacific stocks were mixed on Monday morning as investors watched developments on the US-China trade front. Report: Softbank's son wants WeiWork CEO out We are part of a group of startup managers planning to remove Adam Newman as CEO, CNBC reported on Sunday, citing information obtained from anonymous insiders. The board is supposed to meet next week to discuss options, one of which is said to make a strong founder…

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 doubts.TradingPekk.com 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.