J Sainsbury: Expected To Move Upwards Towards Its Initial Resistance Level
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.
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