Analysis: the Recoil buyable in Securitas B.

Securitas share the past few weeks had a weaker development, which creates a köpläge when the shares come down in the vicinity of the support at the kanalbotten in the rising huvudtrenden. So long as the shares are traded over the 136kr is further expected to rise.

The Securitas share has after a trendaccelerering on the upper side in the beginning of 2015 -when the share was trading at a stretched level in comparison with the long-term jämviktsvärdet -had a quieter development within a rising trendkanal. The peak was reached in september 2016 and the shares have subsequently shown a sidåtgående development around the long-term jämviktsvärdet, 40-week moving average.

In recent weeks, the shares have rekylerat after a local peak at 151.80 £ which creates a köpläge with reduced risk when the share came down to support in the form of kanalbotten in the rising huvudtrenden. So long as the share is trading above the 136kr, the odds are good for a third test and a crossing of the resistance around 152.50 ce In a positive outbreak on the top is the next avstämningsnivå at kanaltaket around 170kr.

We recommend a buy between 138-139kr then a stoploss can be placed narrowly in relation to the potential for further rise. Målkurs is set to 169kr. The emergency exit is placed preferably at a closing under 135kr.