Pebble Beach Systems Group plc : A rebound is expected
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 46.25 | GBX 0 | GBX 43.6 | -100% |
All the fundamental criteria are in the green zone, especially concerning growth potential and the valuation (Low EV/Sales ratio at 0.79x for the current year).
Graphically, buyers's influence has been downsized. As the trend in the short term became bearish, the GBp 40 area has created a positive reaction due to the uptrend line and an important support area. The current breakout of the 20-day moving average should help for a continuation of this upward movement in order to reach the GBp 50.25, resistance area of the trading range GBP 44/50.25.
The decline observed in the short term offers an interesting entry point for a mid-term trading strategy. Thus, investors could take advantage of the current prices level to buy Vislink. The main target will be set at GBp 50.25. The stop-loss will be triggered below the GBp 44 support.