SVT Severn and Trent

Izzie,

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.)
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock