Short term view - BRITISH LAND CO PLC : Resistance reinstated
The trend has been momentarily interrupted by a correction. It approaches the support at 654.70 p, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at 720.20 p. The invalidation level is below 654.70 p.Arguments :
- The support has been breached.
- The resistance has been shortly breached, but it is now reinstated. Prices can fall.
- The moving average is supporting prices.
British Land Company is a real estate investment trust. Co. is a U.K. commercial property company focused on retail and London offices. Co.'s Retail portfolio is focused on a network of multi-let Regional and Local centers, reflecting modern consumer lifestyles. Co. provides retail and leisure with services meeting a range of consumer needs. Co. provides places to shop, eat and be entertained. Co.'s Offices portfolio is focused on its London campuses which also include a mix of retail, leisure and residential.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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