Medium term view - ROYAL MAIL PLC : The moving average is supporting prices.
The trend has been momentarily interrupted by a correction. It approaches the support at 443.69 p, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at 541.62 p. The invalidation level is below 443.69 p.Arguments :
- The...
Royal Mail is a delivery company. Co. delivers letters and parcels across the U.K. Co.'s operations and networks comprised of: UK Parcels, International & Letters (UKPIL) and General Logistics Systems (GLS). UKPIL comprises Co.'s main U.K. and international parcels and letters delivery businesses under the Royal Mail and Parcelforce Worldwide brands. It supports the provision of services for the collection, sorting and delivery of parcels and letters by Co. GLS is Co.'s European parcels business. It operates parcel delivery networks in Europe. The GLS network covers 41 European countries and nation states through a combination of wholly-owned companies and partner companies.
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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