IBSTOCK PLC Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# IBSTOCK PLC Stock Quote
- Double Formation
* 165.00 GBX | Area Of Value | Subdivision 1
* (Reversal Argument)) | Resistance Measurement
- Triple Formation
* 1st Numbered Retracement | Entry Area | Subdivision 2
* 2nd Numbered Retracement | Neutral Feature | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
IBSTL trade ideas
IBST falling wedgehi traders
IBST has been in a downtrend and it has retested lows from 2016. It did a full reset.
Now it may be a time to get a trend reversal. If we get a breakout to the upside, long position can be taken.
Technical target: 243 $
Premium target: 309 -322 $
Looks bullish to me if we get a breakout and the follow-through.
Good luck
Ibstock - Building momentum brick by brick.Buy Ibstock (IBST.L)
Ibstock plc is a United Kingdom-based company, which is engaged in manufacturing of clay bricks and concrete products. The Company's segments are the UK and the US. The Company's principal products include clay bricks, brick components, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete products and concrete rail products.
Market Cap: £1.01Billion
Ibstock shares are trading in a short-term uptrend, which topped out around 265p. The break of resistance at 239p was met with fresh buying interest before profit taking set in. The corrective move lower in recent days has seen the shares retest the breakout level at 239p. A bullish flag/pennant pattern has also formed, which suggests higher price will be seen in the short term. The first target is the resistance at 266p, with the ultimate target up at 305p.
Stop: 235p
Target 1: 266p
Target 2: 275p
Target 3: 305p
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