Short term view - ROYAL MAIL PLC : The major resistance has been reached, it causes the fall.
The trend is still bearish. No indicator nor pattern are questioning it. The invalidation is above 445.40 p. The target is at 397.10 pArguments :
- The major resistance has been reached, it causes the fall.
- Prices are breaking below the moving average, it is a sign of weakness.
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.
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