GB Group shares starting to look good
They're still just a fraction of their post-Covid peak, but shares in this AIM company have broken above the downtrend. Independent analyst Alistair Strang has identified significant potential.
21st November 2024 07:34
by Alistair Strang from Trends and Targets
GB Group (LSE:GBG) boast as being global specialists in digital identity, claiming to enable fast, simple and compliant customer ‘onboarding’.
The company share price is looking like it may have some quite significant potentials for the future. Â
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Currently, above 370p should prove capable of lifting the price to an initial 389p with our secondary, if beaten, at 404p.
The proximity of these target levels tends to suggest some sort of plateau awaits, the price needing closure above 404p to enter a long term cycle to an eventual 457p.
Should things intend to go wrong, the price must sink below 303p to potentially trigger reversal to an initial 272p with our secondary, if broken, an eventual bottom around 249p.
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.Â
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