Freenet could reach its EUR 17.3 resistance.

The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates during the year.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price in order to benefit from a crossing of the EUR 15.3 resistance. The first target price is the EUR 17.3-. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be fixed under the EUR 14.75 short term, threshold that would invalidate this trading strategy.