Monitise PLC operates a mobile banking platform that provides real time information, security, and payment services.

The turnover is constantly booming year after year. The YoY growth could reach +157% this year to £36 million. This trend should continue for the next years (+81% and +50% for 2013 and 2014). However the earnings per share are still negative and the company should reach the break-even point in 2014, according to Bloomberg estimates.

Technically the share is testing the mid and long term resistance. In daily data the share is breaking out the threshold of GBp 38.5. The challenge is that to break out the resistance of GBp 39.75 in weekly data. This level has been tested several times during last year and the break out could give to the share the power for a new bullish trend. We suggest considering this key level for any investment decisions. If the share breaks out the resistance we forecast a bullish trend and we advise a long position. If the stock will be stopped by this level we suggest a short position with first target price at GBp 32.5 and then 26.75