William Hill – Eyes 100-DMA

William Hill             is back in news after the company rejected a fresh bid from Rank and 888.

The shares are down 3.45% as I write. On the daily chart , today’s candle engulfs gains of last four trading sessions. Last week also marked failure to sustain above daily 200-MA level.

Consequently, prices could be heading lower to daily 100-MA level of 305.18 over the next few days.
On the higher side, only day end close above 200-DMA             would signal continuation of the rally from June 24 lows.

Watch detailed analysis of takeover attempt of William Hill             by Rank & 888 here - https://www.youtube.com/watch?v=N1UHg-Tk6MA
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