RE: Man Group28 Feb 2023 13:46
from invezz,
Man Group (LON: EMG) share price went parabolic, becoming the best performer in the FTSE 250. The stock surged to a high of 271.2p on Tuesday, slightly below its all-time high of 273p. It has surged by more than 268% from its lowest point during the pandemic.
The most important signal is that Man Group stock price has formed a cup and handle pattern. In fact, it has completed the handle section and retested the upper part of the cup. In most periods, this is one of the most accurate bullish signs.
Therefore, with its volume rising, there is a likelihood that the stock will continue soaring in the coming months. If this happens, the next logical level to watch will be at 300p.