Rentokil back to trendline after the dip.Let's see if RTO.L Rentokil Initial can get back on track to continue the median.
RTO/N trade ideas
Rentokil - Time to catch some gains?Buy Rentokil Initial (RTO.L)
Rentokil Initial plc provides fully integrated facilities management and essential support services to government and commercial sector organization all sizes across all business sectors. The Company provides services in pest control, hygiene, workwear, facilities and plants.
Market Cap: £8.17Billion
Rentokil is trading in an exceptional long-term uptrend. The shares have once again bounced from the trend support line and this typically proceeds a move to new highs. If the trend is to continue, then its an ideal entry level. A break below 430p would invalidate the idea.
Stop: 430p
Target 1: 500p
Target 2: 530p
Target 3: 550p
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Rentokil Pulls BackLast post: May 29th. See chart .
Review: Price had just broken above resistance.
Update: Price is starting to perform a pullback.
Conclusion:We need to see how far the pullback goes then we can look to enter on the next breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Rentokil Initial Breaks OutThis stock is featuring for the first time on our TradingView blogs.
Current setup: Price has broken above a resistance level and continues to look strong.
Conclusion: We can look for long positions on breakouts on the daily chart. The next resistance level is at £4.81
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
