THG PLC - Wedge pattern and trend support
Updated
1) Short trem trend support.
2) I believe that the bullish wedge pattern is still valid and the price target is about 88.
2) I believe that the bullish wedge pattern is still valid and the price target is about 88.
Trade active
1) I believe that the bullish wedge pattern (June-August) is still valid with the price target of 88.2) Island Pattern, which is reversal and bullish .
3) Price to book ratio: 0.32
4) Insiders are buying the stock at these levels.
1st target: 88
2nd target: 104.85 (gap)
Trade active
These two will boost the price:1) Decrease in whey (raw material) prices. It already decreased from this year's top 80 to current 49 level.
2) Increase of GBPUSD from historical bottom levels.
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