- summary:
- Halfords shares jump more than 10 % after sales rise. Can the gathering be broken over 140 pixels and 150 pixels, or will the momentum fade?
The Halfords Group (LSE: HFD) has witnessed an increase in stock prices to more than 10 %, as it reached 135.2 pixels, after the company reported to capture sales. This sharp move drew the attention of investors, especially since the retail dealer for cars and bicycles has been stuck in a slow direction for several months. The big question is whether this jump is the beginning of the wider recovery – or just a short bounce.
With inflation and signs that consumers in the UK return to the high street, retailers like Halfords have returned to focus. However, the competition is still narrow, and the margins are under pressure.
HFD Technical Analysis
- Current price: 135.20p
- Immediate resistance: 140.00p- The Saudi-long-term target
- Pruption confirmation level: 150.00p – February peak
- Support Zone 1: 128.00p – The last monotheism area
- Support area 2: 120.00p – Swing Swing Low
Is the Huffards collect sustainable?
The reaction to the strongest sales show that feelings are transformed. If HFD is able to stay above 128p, the door remains open to pay about 140 pixels and possibly 150 pixels in the coming weeks.
However, with RSI near the peak purchase, there is likely to have some cooling. Traders may want to wait either a confirmed break over the resistance – or a decline in support before jumping.
