Associated British Foods
A trading opportunity for you?
Will Associated British Foods break 9 month support, or will it rise again back to 2571? (+15%)
- The price action has tested the 2240p-2250p support level numerous times since February this year. Currently at 2266p (at time of writing).
- Will the pattern repeat, the shares climbing back towards May highs at 2571p? (+15% approx)
- The price has started to recover from Tuesday’s lows at the 2240p support.
- Shares -11.8% from 2019 highs; +9.5% from 2019 lows; +9.5% year-to-date.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal