Following a weekend stroll through the UK stocks that I watch III came to my attention, the stock has a solid base after a move up and has been struggling to break 965 since July 2017. Around May 2018 the stock did have a huge burst through the level but wasn’t able to maintain it for very long until the support broke it became resistance again. Since then the...
Capture gains from bullish channel swing. The uptrend has already been confirmed by the first resistance breakout and a 15 EMA crossover.
Hold till resistance/ overbought RSI.
Place stop loss below support.
Risk/Reward ratio: 4
3i Group has outperformed the benchmark index and the financial services sector over the past 3 months. The shares bounced sharply yesterday to break the recent losing streak and now look set to reassert the trend. Buy at the open with a stop at 645p and a target of 742p