SUN on My ViewClear uptrend , Need to break shaded 54-55 zone, if break we can see new All Time High. Posible to react to the zone and come back to the down trend line,but already clearly breakout upper trend line.
Sunshine Holdings PLC
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SUNbit tricky one here..
Positives - trading above 200dma, possible cup and handle in making, broken trendline got retested,
Negatives - RSI shows a bearish retest, 46.5-47 Major resistance (53 next resistance if cleared
SUNshows clear breakout and retest. However RSI shows still bit more downside possiblility, i would consider green box for the retest entry!
SUN | AnalysisAnalysis: The stock is currently testing both the Fibonacci retracement 0.618 and 0.65 levels, while creating a bearish divergence on RSI. A bullish signal for the stock would be a breakout above the 46.50 levels. However, if the stock breaks below its previous higher low of 43, it may retest the 30-day moving average for support.
Stop-Loss: 42.80
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Sun shining past a major trendlineSUN.N0000 is an aggressive growth company growing through M&A's. With margins under pressure due to the economic crisis in the country SUN was not able to perform as expected however going forward they will be able to improve margins with the economy recovering, this along with a reduction in lending rates is expected to significantly boost net income for the group.
For the previous quarter net finance cost stands at 25% of EBIT (FC ->34% , FI -> 8.5%)
SUNBased on the breakout of the Symmetrical Triangle pattern, SUN shows indications of a bullish continuation with a potential progression towards FIB retracement levels of 0.5 and 0.618. If necessary, a target price of 45.5 can be considered in accordance with the pattern.
