Nichols PLC - Looking Bullish

Nichols 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.

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