Dixons Carphone plc (Dixons Carphone) is an electrical and telecommunications retailer and services company. The Company operates through four segments: UK & Ireland, Nordics, Southern Europe and Connected World Services ( CWS ). Dixons Carphone offers a range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and KNOWHOW. Its primary brands include Carphone Warehouse, CurrysPCWorld and Simplifydigital in the United Kingdom and Ireland
Market Cap: £1.60Billion
Dixons Carphone is trading in a on the . Although this move higher appears to be a corrective one within a longer-term downtrend, it still offers excellent risk rewards. The shares have fallen to the lower end of the channel and have found support. A move to the upper end of the channel cannot be ruled out.
Target 1: 166p
Target 2: 180p
Target 3: 190p
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I am comfortable with them, no one trade will make or break my account.
Also, the trade hasn't hit the stop loss, so there is still plenty of opportunities for this idea to work.