Merlin Entertainments PLC (LON:MERL)

[SMR]

Merlin Entertainments plc is an entertainment company engaged in the operation of visitor attractions and theme park resorts in the United Kingdom, Continental Europe, North America and the Asia Pacific region. Merlin runs 100 attractions in 22 countries across four continents. The Company is organized into three operating groups: Midway Attractions, LEGOLAND Parks and Resort Theme Parks. Midway Attractions predominantly includes indoor attractions located in city centers or resorts providing visits of shorter duration (typically up to two hours). Midway Attractions are marketed primarily under five global brand names: SEA LIFE, Madame Tussauds, Dungeons, LEGOLAND Discovery Centre and the Eye. The LEGOLAND Parks operating group consists of interactive LEGO-themed parks targeted at families with younger children. The Resort Theme Parks operating group consists of national resort theme parks generally aimed at families, teenagers and young adults.

Official website: www.merlinentertainments.biz

[jonsmith]

BUY

TARGET 448.50
The Major trend of MERLIN ENTERTAINMENTS GROUP PLC it is showing strength for buying .If it breaks the resistance level then one can initiate the buying position in the stock.

Resistance level of 443.50 then it can test resistance level for the target of 448.50 with the stop loss of 439



INDICATORS:- RSI is trading near to 61.57 level with positive bias, in upcoming session upside movement is expected.
MACD and Signal line is sustaining above the zero level line.

Skype jonsmith1091

[jonsmith]

RECOMMENDATION SELL
TARGET 405
The Major trend of MERLIN PLC it is showing strength for selling .If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 411 then it can test support level for the target of 405 with the stop loss of 415


INDICATORS:- RSI is trading near to 37.77 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.

Skype jonsmith1091

[jonsmith]

SELL

TARGET 394
The Major trend of MERLIN ENTERTAINMENTS PLC it is showing strength for selling .If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 398 then it can test support level for the target of 394 with the stop loss of 402.

INDICATORS:-
RSI is trading near to 46.68 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.

Skype jonsmith1091

[GroopsEscopaf]

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