GrainCorp Limited, the storage grain specialist, might rebound on the significant threshold currently tested.

In terms of valuation, the enterprise value represent 0.73 times sales. It is an attractive valuation. Moreover, at the current price, the security is trading 10.28 times EPS and has a great reevaluation potential.

The area of the AUD 8.5 support should enable the stock to have a new bullish trend. The long term support in this area confirms its relevance. Technically, above these levels, 4-traders analysts are optimistic and count on a return towards the short and mid-term resistances.

As a result, active investors can take immediately a long position in GrainCorp Limited thanks to the close proximity of the AUD 8.5 support area. The target price is AUD 9.35 and in case of breakout of this level, the second target price would be AUD 9.9. If there is a breakdown of the AUD 8.50 support, investors should close their positions.