GB0004544929 - Common Stock
We assign a technical rating of 7 out of 10 to IMB. Although IMB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
IMB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1857.0, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IMB in the last couple of days, which is a good sign.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @1867.02. This is a Buy Stop order right above the resistance zone.||An exit @1787.24. This is a Stop Loss order right below the 10 day low.||The worst case loss on the trade is limited to 79.78 points, which is 4.27%.||For a 1.00% total portfolio risk, you can invest 23.40% of your capital in this trade.|
LON:IMB (8/10/2022, 5:35:15 PM)+6 (+0.32%)
|2 Weeks||0.54%||1 Month||1.88%|
|3 Month||9.28%||6 Month||2.55%|
|ATR Inc||-15.03%||Range Today||22.5|
|ST Trend||LT Trend|
|10 Day High||1881||10 Day Low||1787.25|
|20 Day High||1918||20 Day Low||1787.25|
|52 Week High||1918||52 Week Low||1435.5|
|CS1 End||1857||CR1 Start||1867.01|
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