Short term view - WPP LN : The Stochastics are oversold.
The trend is still bearish, the invalidation level is above 1,300.00 p. The target is at 99.00 p.Arguments :
- The support has been breached.
- The Stochastics are oversold.
- Prices are breaking below the moving average, it is a sign of weakness.
- The measuring gap, opened in the middle of the fall, reinforces the bearish trend.
WPP is a holding company. Through its subsidiaries, Co. is a communications services organization providing national and multinational clients a range of communications services. Co. is organized into four operating segments: Advertising and Media Investment Management; Data Investment Management; Public Relations and Public Affairs; and Branding and Identity, Healthcare and Specialist Communications. This last reportable segment includes WPP Digital and direct, digital, promotional & relationship marketing.
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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