country flagالعربية

Royal Mail Daily Technical Analysis | 21 December 2017

2017-12-21 12:19 pm | Resource: Technical Analysis Section | No Views : 264

Royal Mail is still trading in a bullish direction on the interval of 240 minutes. The stock managed to break through 448 levels and as the stock approached 458 levels, it corrected the stock slightly to retest the breached resistance level.

Royal Mail Daily Technical Analysis | 21 December 2017

The SMA is positively intersecting with the slow moving average and forming an important support area for the European stock.
Momentum is a positive cross but suffers from a decline in momentum due to the formation of the stock for higher peaks while the stock is higher than the other, so there is a negative technical deviation under formation.
It is expected that the breach of Royal Mile at 458.36 may target 729.96 levels on the other hand, if the stock returns again to the highest areas of 734.31 may target retesting the broken bearish trend line.
Support: 448 - 438 - 421.08
Resistance: 458.36- 467.15- 449.80
Trend: Up

Other news

US stocks open higher on Friday as trade concerns eased

US stock markets began the last trading session of the week slightly higher after the media reported that Washington is ready to grant temporary tariff exemptions to 437 Chinese products. At the same time, another report claimed that the United States would not remove import tariffs on auto parts made in Japan as part of the expected trade agreement. In business news, Apple launched. The new iPhone 11 series worldwide.…

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.