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DeclanTroy

DLG Ascending Wedge RR 5:1

Long
DIRECT LINE INSURANCE GROUP PLC ORD GBP0.109090909 (LSE:DLG)  
DeclanTroy  
LSE:DLG   DIRECT LINE INSURANCE GROUP PLC ORD GBP0.109090909
Trend Analysis
1
0
trendanalysis
DLG has a clear resistance @ 327.9 and the support is continuing to raise which is forming an ascending wedge. The chart needs to consolidate between the range of 324.6 - 328.0 to create a big breakout of resistance. If the chart does play out then my game plan would be the following:

Trigger: 329.2
TP: 339.7
SL: 327.1
RR: 5:1
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