Admiral Group (ADM) A trading opportunity for you?
Will Admiral Insurance Group (ADM.L) bounce from the 2080p support zone, or will it break this time?
- Trading around the 2080 support level (at time of writing), there has been a minor upturn this morning.
- Has tested 2080 and 2050 repeatedly over the past year. This has proven to be a reliable support level, though the price traded in a lower range late last year.
- Will the share price bounce again to test the resistance levels at 2160 and 2280?
- Shares -9.1% from 2019 highs; +5.6% from 2019 lows; +3.2% year-to-date.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal