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Buy Centrica (CNA) - About to heat up?

LSE:CNA   CENTRICA PLC ORD 6 14/81P
Buy Centrica ( CNA )

Centrica plc is an energy and services company. The Company's segments include Centrica Consumer, Centrica Business, and Exploration & Production. Centrica Consumer is focused on three areas, energy supply, in-home servicing and home solutions, with a geographic focus on the United Kingdom, Ireland and North America. Its United Kingdom Centrica Consumer segment is engaged in the supply of gas and electricity to residential customers in the United Kingdom.

Market Cap: £4.43Billion

The imminent reduction of interest in the UK has investors scrambling around for yield. Stocks with defensive characteristics and strong yields are attractive attention in recent days and the demand could continue. Centrica has found support at the 78.6% Fibonacci support level and broken up through the short-term downtrend. A move back to the recent highs could be seen.

Stop: 68.75p
Target 1: 84.75p
Target 2: 90p
Target 3: 95.25p


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Comments

The company has been in decline for so long, I think it would struggle to get up to 49p and float around that level.
Reply
I agree, funnily enough I was only charting this out a few hours ago myself. I reckon its gonna go to around 49P in its current channel I'm very tempted to swing this for around 9 to 10 pence gains.
Reply
rsk140389 S-Swazers
@S-Swazers, i think it will get to 50p
there is defo 20% in it
Reply
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