Greggs is a well known brand, safe investment. I;d be happy for my money to be in Greggs for 20 years. I'll exploit the 2508 support and sell for 5% proffit
DONT ENTER YET
This is a preliminary idea, the red line indicates my prediction for the next price movement.
However, it may yet go up higher first.
I will be waiting for a sharp drop of about 100 points from the peak, to confirm a downtrend, signified by the blue line. Go short if we hit that
We are at a psychological zone and I expect the bulls to come in and defend the zone. Looking to target the next zone at the 2200 zone for a RR of 2.97.
📖Greggs plc is a British bakery chain. Despite being a household-name bakery, in 2020 it has been relying on government support and is not expected to return to profit until 2022, and recently reported its first annual loss since the 1980s.Prior to the coronavirus, Greggs was enjoying year-on-year growth in sales (13.5% between 2018 and 2019) and profit (27.2%...
- This stock has recovered from the lows and now presents us with a multiple inside bar formation that also includes a Bullish pin bar
- Our bias is Bullish and should the formation break to the upside we will enter a long trade with an initial target around the 1725 area or close to the 200 Day MA
- Longer term target would be the previous event area at the 1900...
Based on Technical analysis, the market seems bearish, so the idea is to invest in the direction of the major trend: go short.
The problem is that it seems that 1.2 pound worked as support and prices have started a new rally. (too risky to go long now).
the stock might go up due to the current government stimulus.
As always - no guarantee.
Daily chart pattern looks amazing here for some dip buys / long-term investment. Outside bollinger bands / low RSI - Daily looks like a potential pivot candle today, will have confirmation next week.
I'm buying small dips as the price continues to drop.
They had a bad set of financials driven by poor decision making during lock down...
Lots of Double Tops with this one, I expect a breakout from the downwards trend very soon!
Love their sausage, bean and cheese melts, what do you guys like?
This is not financial advice, please do your own DD and RM.
Last post: See link below.
Review: Price experienced a deep pullback and came down to find support at £20.
Update: Price is currently still holding at £20 which is proving to be a strong round number.
Conclusion: We want to see price gather some strength and climb away from the round number and eventually break above the previous high.
Any comments or...
BUY – GREGGS (GRG)
Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company's products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop.
Fundamentals
The success story of Greggs is quite remarkable with the shares rising significantly over a 5-year period. The baker recently delivered an...
Last post: August 13th 2019. See chart .
Review: Price was on the decline and was approaching £20.
Update: Price has now found support at the £20 round number.
Conclusion: We want to see if the support zone holds and pushes price back up. If it does, then we may see some long opportunity setups appear in the near future.
Any comments or questions, do not...
Last post: July 28th 2019. See chart.
Review: Price was trending up nicely and was above the 50 simple moving average.
Update: Since then price has moved down through the 50 simple moving average and is heading towards the £20 round number.
Conclusion: We need to see if any support levels will hold price and help it reverse back to the upside. Otherwise, we...
Last post: July 19th 2019. See chart .
Review: Price was in a nice linear trend.
Update: Since then we are seeing price pulling back as it may be exhausted from the strong trend.
Conclusion: As long as the pullback is not deep we should see a resumption of the trend.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if...
