Vislink continues its bullish trend in order to test new highest level.

The company’s fundamentals are still strong. Sales are up growing around 10% a year and analysts from Thomson Reuters consensus have recently revised largely upward their EPS estimates.

Technically, the security is in an uptrend on all time scales. The bullish trend will not be stopped until prices are above the GBp 47 (pivot point in weekly data). This trend should allow the stock to reach its GBp 54.75 short term resistance, which will be the first target price.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the GBp 54.75 resistance. A stop loss will be placed under the GBp 47.