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Home / Support and Resistance / Pennon

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

Pennon

A trading opportunity for you?

Will Pennon break resistance, or will it fall again back to 700p?

  • 3 bounces, most recently in July. Now trading 764p (at time of writing).
  • Will the pattern repeat itself? Will the shares bounce off resistance again?
  • Shares -4% from 2019 highs; +12% from 2019 lows; +11% year-to-date.
  • Pennon is a British water and environmental utility infrastructure
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

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