DOTD trade ideas
DotDigital - TP 117.5DotDigital recently bounced off a significant price point. could be headed to 117.5
Buying AIM listed marketing company DotdigitalLSE:DOTD
dotdigital Group plc is a leading provider of email marketing and omnichannel SaaS technology to empower digital marketing professionals. Our marketing automation platform is used by over 70,000 marketers in 156 countries worldwide, empowering global marketers to achieve outstanding results with superior tools and services.
The shares have completed a large base pattern on the move above resistance at 102p. In recent days the shares have corrected to re-test the breakout level. There is signs that a bullish flag/pennant is forming, this is usually a continuation pattern. Further upside is expected from here towards my medium-term target of 134p.
