Community

Share knowledge. Find answers. Ask questions.

Online Share Trading

Engage and learn about markets and trading online

LON is a buy if it close above 22200 today

Reply
Super Contributor
Huge upside potential if this share close above this level. Look at the chart. Once it closes above this level this will become the future support level. OMO as always.
0 Kudos
3 REPLIES 3
Highlighted
Roniqua
Contributor
ok. but isn't there a rising wedge forming. Isn't that negative. what happens if it fails to close above that price. fall to R202 maybe?
0 Kudos
Super Contributor
Well, 22200 is the resistance level. If it can't break that level convincingly then yes it does have downside potential. That's why the entry is a convincing close above the 22200 level. That will then form a new support level for the next leg up.
0 Kudos
Not applicable
0 Kudos