In the past few sessions, Foxtons Group shares have suffered from a sharp fall and is now coming back to significant level support.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy.

Technically, the security is in a negative configuration in the short term as the bearish trend of the 20-day moving average, currently at GBp 154, shows. Nevertheless, the stock seems in an oversold situation, near to its GBp 140 support in daily data. This level has stopped the bearish trend and should help a technical recovery.

So as to make the most of a potential technical rebound of Foxtons Group, it seems opportune to open a long position at current price. A confirmation of this pattern would enable the security to reach the GBp 169.75 resistance, with a potential gain of 15%. Investors should not insist under GBp 140 and are better of placing a stop loss order under this threshold.