Exillon Energy plc : The GBp 120 support area is tested
Entry price | Target | Stop-loss | Potential |
---|
GBX 169.45 |
GBX 0 |
GBX 159 |
-100% |
---|
Exillon Energy was heavily penalized and is now in an oversold situation near to a solid support area.
In the recent months, the earnings estimates for the next year are regularly revised upward by analysts.
With an EPS estimated at 0.22 USD for this year and 0.25 USD for the next year, Exillon Energy is currently paid 15.64 and 13.77 times the results.
The security follows a downward trend in the short term, under the GBp 227.5 resistance area. In the mid-term, the trend is neutral. Exillon Energy is not likely to continue its downtrend because it is near to the strong GBp 164 support and it is oversold.
Therefore, the proximity of the GBp 164 support is an opportunity to take a long position in Exillon Energy. The first goal is a return in the GBp 200 area and then the resistance at GBp 227.5. In fact, the security has to cross this area in order to re-establish a bullish trend in the short term. A stop loss order can be placed under the support currently tested.
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