Centamin keeps its upswing as is lift toward higher levels.

From a fundamental viewpoint, the company is still solid. Its total gold production in Egypt increased by 9% on Q1 2014 for reaching 81.2K ounces. In 2013, the company's operations grew 16.5%, now in 2014, figures are expected to come up 8% over prior year. Its low P/E ratio of only 9.3 times estimated earnings gives investors a discounted entry point for making higher profits. Moreover, according to Thomson Reuters consensus, the firm is worth £0.13 per share.

As of technical patterns, the stock seems evolve within an endless bull run in a ceaselessly effort to 2010 all-time top levels. If prices come over the GBp 72.7 resistance then the GBp 82.2 midterm one could be considered. At present, the stock doesn't faces an overbought situation, a sign that its evolution catch buyers eyes.

Thanks to its outstanding performance, long positions might be considered over GBp 72.7 on Centamin shares. The target price will then be set at GBp 82.2 with a stop loss at GBp 68, level under which a bearish reversal will form.