NICL trade ideas
Nichols PLC - Looking BullishNichols PLC Share Price Analysis - Possible Long
Reasons to be bullish -
Broken out of trending channel
Pushed above the 200 day moving average
Higher highs lower lows
RSI bullish
What next -
Upside -
Could potential test the 16.50 area again. Will face some resistance here as there was a big weekly sell off last time the price was here.
If it breaks through 16.50 area, it could then test the 18.30 area
Downside -
If the price breaks below 14 area, we could it go down to 13.50. It could then go into a period of consolidation.
Be aware -
Nichols have their ex-dividend date in late March.
As always do your own research. This is not a recommendation to buy or sell, only an overview of the latest price action.
