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Royal Mail Daily Technical Analysis | 13 December 2017

2017-12-13 09:54 am | Resource: Technical Analysis Section | No Views : 280

Royal Mail broke through 438 euros last weekend as a result of bull pressure on the interval 240 minutes

Royal Mail Daily Technical Analysis | 13 December 2017

Currently, the British stock is back again to trade in a bullish direction over the 4 hour interval, and the SMA is positively intersecting with the slow moving average and the 439.90
From MACD to a positive cross above zero and the histogram rising above zero suggesting that buyers are becoming increasingly bullish.
It is expected that if the American software stock breaks the level of 448.14 euros, it might target 458.36 levels on the other side, if a break of 438.43 could target the stock level 421.08.
Support: 438.43 - 421.08 - 411.60
Resistance: 448.06 - 458.36 - 475.00
Trend: Up


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