The GBp 219.2 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements and the enterprise valuation conciliates with its visibility. The target price is set at GBp 302 by analysts while the stock is at GBp 227.

This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next GBp 245.1 resistance thanks to a double-bottom pattern on the daily support.

So as to make the most of a potential technical rebound of Senior, it seems opportune to open a long trade at current prices. This pattern would enable the security to reach the GBp 245.1 resistance. Investors should not insist under GBp 219.2 and are better of placing a stop loss order under this threshold.