Legal & General Group security reached a major resistance and may see a bearish movement now.

From a fundamental viewpoint, the current price is higher than analysts' consensus, valued at GBp 235, while the bulge bracket bank JP Morgan targets only GBp 200.

Technically, the stock rebounded recently in contact with its GBp 213.90 support. Since latter peaks the stock lost some value and returns close to the relevant GBp 243.3 midterm resistance, tested several times.

Therefore, the most offensive investor can benefit from the technical configuration to take a short position. The objective will be fixed near to the GBp 225.5 support. Only the breakdown of this level would open up new bearish targets toward GBp 213.9. The stop loss will be set above the GBp 243.3 current resistance.