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Home / Support and Resistance / Hastings Group Holdings plc (HSTG.L) 10-10-19

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

Hastings Group Holdings plc (HSTG.L) 10-10-19 A trading opportunity for you?

Will Hastings Group Holdings plc (HSTG.L) fall beyond the 183p support level, or will we see a retest of 226p? (+22%)

 

  • The stock is near support at 183p, now trading at 185.2p (at time of writing).
  • Whilst the past does not always repeat itself, the support level has held up well.
  • From here, will buying pressure return to drive the price back to 226p? (+22%).
  • As always, be aware of news and events that can change the market’s perception of value – this can lead to key levels being broken.
  • Shares -21% from 12-month highs; +6% from 12 month lows.- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

 

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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