Applegreen Gas Station Sees Stock Rally

Applegreen PLC is a fairly new stock, which floated on the London Stock Exchange in June 2015 at a price of £2.96 and has risen consistently ever since to the current price of around £5.72 (at the time of writing this post).
The Weekly 50 simple moving average played a part in supporting price as it continued to rise.

There was a nice trend from April 2017 to September 2017 which then saw price go into consolidation then break out a couple of weeks ago.
Now that price is out of consolidation and staying out, we should see a continuation of the previous trend.

Because the stock is only 3 years old, we do not have a lot of data to determine the stock's behaviour but going with the current behaviour
we have no reason to believe that the stock will not continue higher.

Wait for a breakout on the daily timeframe for opportunities to enter into a trade and all trades should be managed according to your trading plan.

Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!

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