In the past few sessions Spectris' share sharply fell but the stock is presently coming back to a significant support level.

The security follows a downward trend in the short term, under the GBp 1854 resistance area. The trend is bearish also in the mid-term but should be reversed by the daily and weekly support and an upward oriented trendline.
However, the selling pressure could run out of steam soon. Indeed, whereas the stock shows an oversold condition, the GBp 1737 support area currently tested might stop the bearish trend in the short term.

The trading strategy can benefit from the proximity of the strong support currently tested in order to buy the stock with a good timing. The potential gain is around 5% (GBp 1855). Investors might placed a stop loss order at GBp 1695 in order to avoid important losses.