The upward trend could come to support Exillon Energy in the coming sessions.

The group benefit from upward revisions in earnings per share and growth prospects. The consensus is positive on the stock and could come back to sustain a technical rebound. Forecasts on sales are also very optimistic and offer a good visibility.

Graphically, buyer flows are reduced. If the trend is now bearish in the short term, profit taking is part of a rebound. The GBp 206 support could be a key point to start a new bullish trend. However, to not affect the upward trend in the medium and long term, prices have to stay above this level.

The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy Exillon Energy. The objective will be set at GBp 265. The stop loss will be triggered below the GBp 206 support.