Medium term view - LEGAL & GENERAL GRP : Pull-back
The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain above the invalidation level at 240.41 p. It can resume at anytime towards the target at 319.00 p.Arguments :
- Prices are pulling back to the support level (previously a resistance). The rise will resume afterwards.
- The moving average is supporting prices.
Legal & General Group is a holding company. Through its subsidiaries, Co. operates in five business segments: Legal & General Retirement, which includes pension risk transfer business and individual retirement and lifetime mortgages; Legal & General Capital, which represents shareholder assets invested in direct investments, and traded and treasury assets; Legal & General Investment Management, which represents institutional and retail investment management and workplace savings businesses; Legal & General Insurance, which includes business in retail and group protection written in the U.K.; and General Insurance, which comprises short-term household and other personal insurance.
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