Indicators argue for a technical correction after the last bullish movement recorded in past sessions.

From a technical viewpoint, the proximity of the GBp 880 medium-term resistance limits the upside potential on the stock. The uptrend in the short term could be stopped by this level and prices could decrease sharply in the coming sessions. Technical indicators also show an overbought situation that reinforces this bearish scenario. Thus, there is a higher downside potential than upside.

Due to the technical configuration and a bad fundamental situation that does not justify the current valuation of the group, investors can open a short position close to the GBp 880 resistance. The price target is set at GBp 821, around daily moving averages. A stop loss will be placed above GBp 879.5.