William Hill is back in news after the company rejected a fresh bid from Rank and 888.
The shares are down 3.45% as I write. On the daily chart, today’s candle engulfs gains of last four trading sessions. Last week also marked failure to sustain above daily 200-MA level.
Consequently, prices could be heading lower to daily 100-MA level of 305.18 over the next few days.
On the higher side, only day end close above 200-DMA would signal continuation of the rally from June 24 lows.
Watch detailed analysis of takeover attempt of William Hill by Rank & 888 here - www.youtube.com/watch?v=N1UHg-Tk...
The shares are down 3.45% as I write. On the daily chart, today’s candle engulfs gains of last four trading sessions. Last week also marked failure to sustain above daily 200-MA level.
Consequently, prices could be heading lower to daily 100-MA level of 305.18 over the next few days.
On the higher side, only day end close above 200-DMA would signal continuation of the rally from June 24 lows.
Watch detailed analysis of takeover attempt of William Hill by Rank & 888 here - www.youtube.com/watch?v=N1UHg-Tk...
