Valneva going to see these prices again? We look to Sell a break of 11.58 (stop at 12.61)
Short Term - We look to Sell a break of 11.58 (stop at 12.61)
A break of bespoke support at 11.80, and the move lower is already underway. Current prices have reacted from a low of 11.70, however, we expect further losses to follow. The failure to sustain the break higher and subsequent dip, formed a bearish candle and is negative for short term sentiment. Short term oscillators have turned negative.
Our profit targets will be 8.13 and 6.59
Resistance: 12.00 / 15.00 / 20.00
Support: 17.80 / 10.00 / 8.00
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