Persimmon has been following a trend channel and bounced off the bottom a couple of days back, supported by the 200 DMA.
A Buy indicator today with a fairly tight stop below the 20 and 50 MAs for support gives this a decent R:R if we target the top of the channel for take profit and coincidentally the pre-covid highs.
A Buy indicator today with a fairly tight stop below the 20 and 50 MAs for support gives this a decent R:R if we target the top of the channel for take profit and coincidentally the pre-covid highs.