GKN failing at resistance
We like GKN over the medium term and hoped to see the shares break to new highs. This is looking increasingly unlikely in the short term as the shares stall at resistance. The bearish divergence on the RSI and the relative ratio is a concern. If the shares close at this level or lower (329p) then we will also have a nasty looking bearish engulfing candle.
Maybe a chance for a speculative short or to close longs and reassess.
Maybe a chance for a speculative short or to close longs and reassess.
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