Is this finance company just heading upward?
After shares rallied following recent annual results, independent analyst Alistair Strang gives his verdict on price potentials.
20th March 2024 07:36
by Alistair Strang from Trends and Targets
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Something important seems to be happening with Just Group (LSE:JUST)’s share price which should be worth some consideration.
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Currently trading around 101p, the share price need only exceed 105p to perhaps trigger price recovery to an initial 121p with our secondary, if beaten, at a longer term 137p.
We can even postulate a distant looking 181p as possible but, to be honest, we’d not advocate taking such a number seriously until such time the share price actually closes above 137p.
If things intend to go wrong for Just Group, the share price needs to retreat below 84p to spark trouble, calculating with the potential of reversal down to an initial 67p with our secondary, if broken, at 54p and hopefully a bouncy bottom.
For now, optimism appears the name of the game for this share price.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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