After a great run, it is time to think about taking profits on any long positions in
The most recent highs in the price were not confirmed by highs in the relative strength index, which often foretells a change of trend. Consider shorting into a rally, targeting a return to the 200-day moving average (currently 1,654p) and placing a stop loss at 2020p.
City Trades are written by selected external contributors and are based on the interpretation of patterns on a share price chart, rather than on fundamental analysis of the company's business or prospects.
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