Berkeley Group: faces a major resistance
Berkeley Group posted first half profit before tax down 16.6% to 231 million pounds on revenue down 3.8% to 896 million pounds. The company expects full year profit to be flat.
From a chartist point of view, the stock opened with a bearish gap below a major resistance at 4900. Regarding technical indicators, the RSI shows signs of weakness. Therefore, below 4900, readers should consider a new down leg towards next supports at 4570 and 4340 in extension.
From a chartist point of view, the stock opened with a bearish gap below a major resistance at 4900. Regarding technical indicators, the RSI shows signs of weakness. Therefore, below 4900, readers should consider a new down leg towards next supports at 4570 and 4340 in extension.
Source: TradingView, GAIN Capital
Latest market news
Yesterday 01:32 PM
Yesterday 09:35 AM
Yesterday 07:23 AM
Yesterday 04:48 AM
Yesterday 12:17 AM
July 25, 2024 10:39 PM