Investors should take advantage of the bullish trend forming.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have been revising upward their earnings estimates and target an average price that represents a 16% appreciation potential.

Acacia Mining is in an uptrend in the medium and long term, although, the last bearish movement threw it back near a major support level at GBp 268. This threshold, if preserved, will enable the equity to take advantage of the bullish movement, stimulating a significant technical rebound.

Investors can open long positions on the security and target a return to the GBp 313 resistance. A stop loss will protect the position under GBp 268.