Today's selloff of RELX 
RELX is a complete overreaction to Anthropic’s new AI tool. As of this writing, the company's annual earning-per-share and revenue growth is expected to continue into 2028. From a technical analysis view, the price plummeted today into "major crash" simple moving average territory (gray lines). While near-term weakness may exist, I expected today's -15% loss (and more) to be made-up over the long term. Thus, at $29.92, RELX is in a personal buy zone with potential near-term weakness staying in the $20s unless fundamentals / growth changes.
Target into 2028
RELX is a complete overreaction to Anthropic’s new AI tool. As of this writing, the company's annual earning-per-share and revenue growth is expected to continue into 2028. From a technical analysis view, the price plummeted today into "major crash" simple moving average territory (gray lines). While near-term weakness may exist, I expected today's -15% loss (and more) to be made-up over the long term. Thus, at $29.92, RELX is in a personal buy zone with potential near-term weakness staying in the $20s unless fundamentals / growth changes.Target into 2028
- $35.00 (+17.0%)
Trade closed: target reached
Target #1 reached resulting in a +17% gain. Trade closed.
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If you enjoy this idea, please follow for more: tradingview.com/u/WorthlessViews/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.