The world No.3 producer of platinium Lonmin could rally again after a technical rebound on the GBp 240.80 support.
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.
Moreover, brokers have revised upward EPS estimates.
The stock is coming back close to the GBp 242.2 long-term support. Technical indicators illustrate an oversold situation. The GBp 242.2 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the GBp 304 short-term resistance.
Investors should watch the security close to GBp 242.2 to take advantage of a new upward acceleration in direction of GBp 304 then Gbp 380.1. A stop loss will be set at Gbp 209.28
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Produces and markets platinum group metalLonmin Plc engages in the extracting, refining, and trading of platinum group metals (PGM).It operates through the following segments: PGM Operations, Evaluation, and Exploration.The PGM Operations segment develops and manages mines and processing facilities.