Anite operates as a holding company. The company's subsidiaries provide consulting services to customers in the telecommunications and travel sectors. Anite's services encompass e-commerce solutions, and enterprise resource planning and customer relationship management.
The GBp 132.3 resistance is in line of sight.

The company shows strong fundamentals. Firstly, the high valuation of the group shows a great investors confidence in it because there are ready to pay a high price for the stock. Moreover, the Thomson Reuters consensus revised upward EPS estimates for this year and that let see a great potential on for the security on the stock market.

Technically, the security is in an uptrend on all time scales and it is supported by 20-week moving average. Moreover, the support trend line gives credit to this strategy. The bullish trend will not be stopped until prices are above 100-day moving average. This trend should allow the stock to reach its GBp 132.3 long term resistance, which will be the first target price.

In consequence, investors can take a long position in Anite with a first target price at GBp 132.3. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be fixed under the 100-day moving average area.