A trading opportunity for you?
Will Shaftesbury PLC (SHB.L) shares move above the 890 resistance, or will it return to year lows of 740 (-16.9%)?
- Trading close to the 890p resistance (at time of writing), is this attractive to short sellers?
- Has tested this level repeatedly over the past year. Most tests have failed, though we saw one false breakout in March this year.
- If this current test fails, will we see a return of the selling pressure to drive the price down to lows at 740p? (-16.9%)
- Shares -2.2% from 2019 highs; +19.4% from 2019 lows; +8.1% year-to-date.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal