Weekly chart pattern – Flag and pole
The chart currently shows a bearish break from flag formation, although confirmation depends on whether today’ day end close is below 311 levels.
If it does, the doors would open for a fresh sell-off to Brexit day low of 235.60.
Stock news – As per Reuters report, Casino and bingo hall operator Rank Group Plc and online gambling company 888 Holdings Plc have withdrawn their proposal to combine with rival British bookmaker William Hill Plc.
The chart currently shows a bearish break from flag formation, although confirmation depends on whether today’ day end close is below 311 levels.
If it does, the doors would open for a fresh sell-off to Brexit day low of 235.60.
Stock news – As per Reuters report, Casino and bingo hall operator Rank Group Plc and online gambling company 888 Holdings Plc have withdrawn their proposal to combine with rival British bookmaker William Hill Plc.
