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Long

GVC Long Possibility

LSE:GVC   GVC HOLDINGS PLC ORD EUR0.01
Since August '18 GVC has taken a beating. This is due to many reasons, most notable some legislation changes in the UK which will affect the profits from slot machines. GVC has responded with a restructuring plan that should take it back into profitability. Also there is a partnership in the US due to legislation changes that will allow betting in the US. This will be a major market for anyone who does this right. It just depends on how big of a market share can GVC snatch.
On the technical level GVC is showing support to a trend line formed way back in 2011, which coincides with the 61.8 Fib level - this should be major support, and if fails, it shouldn't go much below it.
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