Levels of COMPASS GROUP PLC21 May 2015 10:53
RECOMMENDATION SELL
TARGET 1133
The Major trend of COMPASS GROUP PLC it is showing strength for selling. If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 1153 then it can show downside movement for the target of 1133 with the stop loss of 1170.
CHART FORMATION:-
Stock is trading in a range and breaking its trendline will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
INDICATORS:-
RSI is trading near to 50.07 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.