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Home / Support and Resistance / Royal Dutch Shell plc (RDSB.L) 09-10-19

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

Royal Dutch Shell plc (RDSB.L) 09-10-19 A trading opportunity for you?

Will Royal Dutch Shell plc (RDSB.L) fall beyond the 2277p support level, or will we see a retest of 2415p? (+5%)

 

  • The stock is near support at 2277p, now trading at 2293.0p (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 2415p? (+5%).
  • 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 -12% from 12-month highs; +3% from 12 month lows.
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

 

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