GRG Good Entry Point!The price is testing levels that have not been seen since 2022. And now the trend has been for quite some time going down trend. The stock itself has been performing okay and the current price is undervalued plus now we are seeing the first impression of long setup. The price is suggesting a high pr
Greggs Plc.
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0.61 USD
196.02 M USD
2.57 B USD
About Greggs plc
Sector
Industry
CEO
Roisin Currie
Website
Headquarters
Newcastle-upon-Tyne
Founded
1951
IPO date
Jan 6, 1986
Identifiers
3
ISIN US3975601036
Greggs Plc is a bakery retailer in the United Kingdom. The firm owns and operates a supply chain, from production through to distribution to point of sale. It operates through the Retail Company Managed Shops and Business to Business segments. The Retail Company Managed Shops segment sells a consistent range of fresh bakery goods, sandwiches, and drinks in its own shops or via delivery. The Business to Business segment is involved in the products to franchise and wholesale partners for sale in their own outlets as well as charging a license fee to franchise partners. The company was founded by John Gregg in 1930 and is headquartered in Newcastle-upon-Tyne, the United Kingdom.
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Once every 2 years Opportunity!The price has been respecting a bullish weekly trendline since 2013. On average, the price was touching and rejecting the trendline every 2.2 years since 2013. Following rejection it took the stock approx 1.75 years to reach an averaged gain of 160%. Now we are at that opportunity again and there's
Greggs almost ready for reversalDONT 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
💡$GRG (LSE) 📚 Greggs technicals v fundamentals 💰🏌️♂️📖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 g
GREGGS: Back to the 200 Day EMA?- 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
See all ideas
Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
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Displays a symbol's price movements over previous years to identify recurring trends.









