Informa plc is a British publishing, business intelligence, and exhibitions group based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has offices in 43 countries and around 11,000 employees.
Bias: Buy/Long
A price action above 560 supports a bullish trend direction. Crossing below this level will negate the bullish stance.
Consolidation price range between 565 and 585.
Crossing above 585 might support the pride action to reach 615.
MACD bullish crossover supports a bullish trend direction.
Informa PLC(INF - LSE) is in WXY pattern down. Y down is in progress. Within X wave correction B wave was triangle, which result in C wave sharp up and then sharp reversal down as Y wave.
This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is above the previous all-time high and making new highs.
Conclusion: We will be waiting for a breakout on the daily timeframe to look for trading opportunities as this will confirm a continuation of the uptrend.
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