Rhythmone PLC : Ascending triangle to confirm
Entry price | Target | Stop-loss | Potential |
---|
GBX 133 |
GBX 154 |
GBX 134.78 |
+15.79% |
---|
Blinks shows very strong fundamentals and an opportune technical configuration for a long strategy.
The company benefit from a great growth potential with an estimated annual increase in sales of 17,5%, in average, for the next 3 years. According to our Surperformance rating system, Blinks is part of the 20% most growing firms over the world.
Further, analysts revise upward their EPS estimates since last April (EPS 2014 estimated at 0,05 dollars in April ; now expected at 0.08).
Technically, the security is in a bullish trend in the medium and long term. The USD 139.7 resistance has stopped the ascension and prices formed an ascending triangle, which argue in favor of a continuation of the increase.
Thus, a long position can be implemented in case of a breakout of the USD 139.7 resistance, confirmed in daily closing price. The first objective will be USD 154.
A stop loss must be placed below the effective entry point.
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