The GBp 140 support, currently tested, should allow 888 Holdings to rally again.

According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility.
Moreover, brokers have lately revised upward their earnings' estimates and count on EPS of USD 0.15 for this year, compared to USD 0.10 last year.

Technically, the security fell sharply for several weeks. This fall has lead 888 Holdings towards the GBp 140 support area, which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the GBp 156 resistance. Even though, moving averages are still in a bearish trend or flat, the oversold situation could encourage a renewed interest in the company.

Considering technical and fundamental elements, it seems to be an appropriate timing to immediately take a long position in 888 Holdings in order to benefit from the GBp 140 support area. A first target price will be the GBp 156 resistance, ie a potential of 11.4%. A stop loss order will be placed under the short term support currently tested. Only a crossing of GBp 156 would validate a bullish trend in order to aim a higher target price.