$UNFI
UNFI is trading at £2.36, down 12.14%, with a 24-hour high of £3.269 and low of £2.164. The price is consolidating after a sharp decline, potentially facing delisting soon.
UNFI's price action suggests seller dominance, with broken support at £2.80 now acting as resistance. A breakdown below £2.20 support could lead to further declines.
The £2.80 resistance level is crucial, as it has previously served as support. A rebound above £2.80 would indicate buyer interest, but failure to hold £2.20 would confirm the bearish trend.
Considering the delisting risk, strategic considerations include:
Avoid buying until support stabilizes
Scale in short positions below £2.50
Monitor £2.20 for potential bounce
Risks include:
Further declines below £2.20
Increased volatility
Potential trend reversal
UNFI's technical outlook remains negative. Monitor price action near £2.20 for signs of stabilization or reversal.
