Essentra could reach its GBp 875 resistance.

The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have revised upward their EPS estimates during the last months, as well as the revenue expectations.

Technical patterns are in the green and prices are up for several months. The share is moving between GBp 830 and GBp 875 for some trading session. We can use the support as a stepping stone for a technical rebound.

In consequence, investors can take a long position in Essentra near the short term support (GBp 830) with a first target price at GBp 875. This level is the mid term resistance. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be set below the short term support at GBp 830.