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

In the recent months, the earnings estimates for the next year are regularly revised upward by analysts. Persimmon is currently paid 11.9 and 10.8 times the results.
In a technical point of view, the stock is back on a pertinent support and an upward trendline in the GBp 1800 area. This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next GBp 1806 resistance.

So as to make the most of a potential technical rebound of Persimmon, it seems opportune to open a long position at current prices. A confirmation of this pattern would enable the security to reach the GBp 1970 and 2030 resistances. Investors should not insist under GBp 1806 and are better of placing a stop loss order under this threshold.