RGU Regus

Regus has broken out to the downside today from what appears to be a descending triangle. According to my measurements the target price is around 160p from 220p today.

This follows a downbeat trading statement earlier in the week.
 
appalling timing on this one. RGU is in a strong downtrend but it would have been sensiible to wait before entering a trade here!
 
 
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