Take advantage of the uptrend to target GBp 880.5.

At the current price, the company is trading 13.8 times its earnings for this year and thus gives a significant potential.

The main argument is technical. Indeed, Greene King is in an uptrend in the medium and long term and the last bearish movement has lead the stock close to a major support level. This threshold, if preserved, will support the upward movement. In weekly data, the 20 period moving average and the trendline gives argument for a bullish movement.

The current area should be use as a stepping stone for a technical rebound. It could be a basis to target GBp 880.5 and then GBp 925. A stop loss will be fixed below the GBp 835 to limit the risk.