In the past few sessions, William Hill shares have suffered from a sharp fall and is now coming back on significant level support.

After several weeks of decrease, the share is now in contact with the major mid-term support. Moving averages are flat and technical indicators illustrate the oversold situation. The GBp 370.6 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the GBp 401.2 mid-term resistance and then the long-term target price is GBp 423.7.

The trading strategy can benefit from the proximity of the strong support currently tested in order to buy William Hill in a good timing. Investors might placed a stop loss order around GBp 358 in order to avoid important losses.