The GBp 823.5 support, currently tested, should allow De La Rue to rally again.

According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility.

Technically, the security fell sharply for several weeks. This fall has lead De La Rue on the GBp 823.5 support area which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the GBp 902 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in De La Rue.

Therefore, the proximity of the GBp 823.5 support is an opportunity to take a long position in De La Rue. The first goal is the GBp 902 resistance area. In fact, the security has to cross this area in order to re-establish a bullish trend in the mid term. A stop loss order can be placed under the support currently tested.