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Trainline PLC (UK) - Daily

By Minipip
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Can Trainline find any recovery in the short-term as the train strikes continue adding weight to its share price?

Trainline has suffered recently as train strikes pushed the stock slightly to slip over the edge. From a technical outlook, the shares price is currently trading at 303.97p with first support level at 297.53p. A break below this support level could see the stock fall towards the major support at 272.55p. A break below the major support, could see the stock lose a big chunk of its shares that have been gained since March this year. Towards the upside, resistance sits at 323.46p followed by further resistance at 342.20p. A break above the 342.20 resistance could see the stock rally its way up towards the highs of September (370p+). At the moment MACD is negative and RSI reads 34, overall suggesting a negative stance.

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