RTN:Lucrative risk reward!
They recently agreed to acquire a Mexican style restaurant for £7 mil. With inflation expected to go slightly higher than current levels, consumer spending will definitely go down. Despite this I expect bulls to come in and support the share and catapult it higher from these levels its currently trading at. We are currently close to the all time lows and price action created a bullish formation on the weekly last week.
I look to buy last week's close with ultimate target being the £80.00 zone. Will however take some off the table around the £60.00 zone. Total R is 4.35.
I look to buy last week's close with ultimate target being the £80.00 zone. Will however take some off the table around the £60.00 zone. Total R is 4.35.
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