Short term view - IMPERIAL BRANDS PLC : Prices are breaking above the moving average, it is a sign of strength.
The resistance has been passed, the trend becomes positive as we now have a succession of ascending peaks and troughs.The next target is at 3,093.00 p. The invalidation level is below 2,546.00 p.Arguments :
- The resistance has been reached, it causes the fall.
- Prices are breaking above the moving average, it is a sign of strength.
- The bullish gap has been tested, the rally resumes.
Imperial Brands is comprised of two distinct businesses: Tobacco and Logistics. The Tobacco business comprises the manufacture, marketing and sale of tobacco and tobacco-related products, including sales to (but not by) the Logistics business. The Logistics business comprises the distribution of tobacco products for tobacco product manufacturers, including Co., as well as a range of non-tobacco products and services.
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