London
stocks slips from record high after Greece uncertanity arises which
lead index to fall from all-time highs on Wednesday as investors
scaled back their appetite for risk after a rally the previous
session.In economic data on Wednesday, the British Banker's
Association reported that UK mortgage approvals increased more than
expected in January.
RECOMMENDATION SELL
TARGET 408
The Major trend of Friends Life Group Limited Plc is sideways and
it is showing strength for selling . If it moves below the support
then one can initiate the short position in the stock. If it breaks
the level of 413.50 downside then it can show downside movement for
the target of 408 with the stop loss of 417.80.
CHART FORMATION:-Live chart shows that it is trading near its support and breaking below that support
trendline will lead to selling in the chart. Crossing the support
will lead to downside movement. Stock is trading below the 50 DMA
with negative bias.
INDICATORS:-
RSI is trading near to 44.31 level with negative bias, in upcoming
session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.
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