The GBp 1739 support, currently tested, should allow Victrex to rally again.

Victrex owns strong fundamentals. Its Surperformance rating underlines its healthy finances, high profitability, nice earnings quality and its great potential.

Technically, the stock is evolving within a downtrend in the medium term, and it has been recently oversold. In the short term, this trend could be reversed as it approaches the GBp 1739 support, level from which the bullish run could start wide-range movements. This is why this context constitutes a buying opportunity in the context of a forseeaable technical rebound toward GBp 1890 and by extension GBp 1936.

Considering technical and fundamental elements, active investors can open long positions at current prices and aim in the first instance the GBp 1890 resistance, ie a potential of 8.2%. A stop loss order will be set at GBp 1700.