Could J Sainsbury (SBRY Stock) move towards the 214 level?

AAATrade Team AAATrade

Today’s instrument is the J Sainsbury Plc. stock traded on the LSE exchange under the ticker SBRY.

Looking at the SBRY’s chart, we can see that it is in a downward trend, trading at the current price of around 208 GBP. In the current week, it is announcing its quarterly earnings, and if the market’s anticipation is positive, then we could see its price rising towards its first resistance level which is located at around 214 GBP otherwise it should re-test its support level at around 203 GBP.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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