SVT Severn and Trent


I notice that your competition short pick is SVT.

It looks like a nice descending triangle with a target of 590p from 676p today. The pattern is well established and looks ready to break out (50-75% along the triangle to the apxex).

I just wonder if you have a reason for expecting it to break this week?

(I noticed some articles in the press re: selling defensive stocks in the wake of the new "bull" maret.)
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