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Home / Support and Resistance / Electrocomponents plc (ECM.L) 03-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Electrocomponents plc (ECM.L) 03-10-19 A trading opportunity for you?

Will Electrocomponents plc (ECM.L) break upwards, or will selling pressure push it back to the 540p support again? (-13%)?

 

  • Currently trading around the 650p resistance at 621.2p (at time of writing).
  • Could this be one for the short seller?
  • The price has tested the 650p level in the recent past, but traders should be mindful of the potential for breakouts.
  • Will the share price decline once again to recent support at 540p? (-13%).
  • Shares -17% from 12-month highs; +29% from 12 month lows.
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

 

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