E2V Technologies PLC : Strong support area at GBp 192
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 196 | GBX 0 | GBX 186 | -100% |
According to Surperformance© ratings, the company offers an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements as in 2015 and and the enterprise valuation conciliates with its visibility.
Technically, the security fell sharply for several weeks. This fall has lead E2V Technologies towards the GBp 192 support area, which could become useful as a stepping stone for a technical rebound. The target of a technical rebound on the stock is the GBp 204 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in E2V Technologies.
The stop-loss will be placed at GBp 186.