ABF - Associated British Foods - Good R/R Trade Potential - Buy

Long

ASSOCIATED BRITISH FOODS PLC ORD 5 15/22P (LSE:ABF)

Updated

LSE:ABF ASSOCIATED BRITISH FOODS PLC ORD 5 15/22P

Daily chart analysis - Just sitting above major trend line support and trading within a falling wedge structure. Indicators show a rising RSI with MACD diverging to price. Favourable R/R trade with 1st target price 2490

Comment:

Target area reached. Trade closed for +12%

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