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Short

Sell Compass Group (CPG) - Rallied to resistance.

LSE:CPG   COMPASS GROUP PLC ORD 11 1/20P
Sell Compass Group ( CPG )

Compass Group PLC provides food and support services. The Company's segments include North America, Europe, Rest of World and Central activities. The Europe segment includes Turkey and Russia. The Rest of World segment includes Japan. The Company delivers services in sectors, including business and industry; healthcare and seniors; education; defense, offshore and remote, and sports and leisure.

Market Cap: £21.06Billion

Compass Group has rallied into major resistance at 1340p which also lines up with a 38.2% Fibonacci resistance level . This provides a decent opportunity to off load the shares if you own them as part of a portfolio or initiate fresh speculative short positions.

Entry: (at market ~ 1335p)
Stop: 1560p
Target 1: 1160p
Target 2: 1000p
Target 3: 870p

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