After losing a horrific 60 per cent of its value between March and July 2012, Man Group's shares now offer a speculative buying opportunity says Ragu Dharmaratnam of Baselica.
The share price has formed a bullish "rounded cup" bottom, while the weekly MACD oscillator is giving a bullish reading. Traders may initiate a long trade on a price break above the 85p level, targeting 105p with a stop-loss at 79p.
