HALEON PLC - 4 hourly

The release of earnings earlier today sees the stock continue its positive momentum into Q3.

The current price of Haleon PLC is at £2.65 as the share opened on a high today due to positive results in the earnings report. From a technical perspective, if this bullish momentum was to continue in the short-term, it would face a resistance level which sits at £2.71. This level is followed by a major resistance (upper green trendline) at £2.74. A break above the major resistance could see Haleon recover some of its gains that were lost in the previous. Towards the downside, a support level sits at £2.56. A break below this could see the share slide back down to its very lows of £2.40-£2.45. Looking at the indicators, RSI reads 55 suggesting a neutral stance and MACD is slightly negative.