DLG has a clear resistance @ 327.9 and the support is continuing to raise which is forming an ascending wedge. The chart needs to consolidate between the range of 324.6 - 328.0 to create a big breakout of resistance. If the chart does play out then my game plan would be the following:
Direct Line Group continues to trade within a medium term downtrend. In the last couple of sessions we have seen a rejection at the medium term trend resistance line and also the top of a range that has developed over the past few months.
This rejection is likely to trigger a move to the lower end of the channel at 332p.
332p is a huge support level that has...