Centrica PLC - Is that an ending diagonal?
Updated
If my count is the correct one then I am expecting a decent rally in this UK stock possibly above 300.
Note
Was expecting more of a bounce at the 61.8 correction but it looks like this share is continuing on its downward path unless this morphs into a more complex correction. It turned back down at the 30% fib retracement. With the latest government announcements on proposed price caps and Labour threatening nationalization things might be a bit gloomy for now.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.