Market News & Analysis
Betting on a William Hill stock price recovery?
Nicolas Suiffet May 15, 2020 5:37 PM
From a technical perspective, the stock price has landed on its 20-day simple moving average and is posting a rebound. The bullish gap opened this morning and the long lower shadow candlestick formed yesterday should maintain a bullish bias. The daily Relative Strength Index (RSI, 14) is above 50% and is not overbought (<70%).
As long as 91.8p is support, the bias remains bullish with 124p and 147p as next targets.
Alternatively, a break below 91.8p would call for a reversal down trend towards 70.7p and 54p.
Source: GAIN Capital, TradingView
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