Evoke plc : An opportune reversal
Entry price | Target | Stop-loss | Potential |
---|
GBX 151.5 |
GBX 0 |
GBX 146.8 |
-100% |
---|
Take advantage of the uptrend in medium and long term horizon.
The company has growth perspective as evidenced by analysts following the stock. Moreover, they have recently revised upward their EPS estimates for 2015 and 2016. The same situation happened on the revenues perspectives.
Technically, 888 Holdings is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented and a upward oriented trendline give support to the stock. The daily support of GBp 148 gives support to the stock in order to reach the GBp 158.5 and GBp 164.3.
Consequently, we expect a technical rebound on the GBp 148. The most active investors can buy the share in this area and target a return toward GBp 158.5 and 164.3 by extension. A stop loss can be placed under the GBp 148 support.
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