Amlin reaches a level of resistance. This level could contain the upward trend in the short term.

From a technical viewpoint, the proximity of the GBp 427 medium-term resistance limits the upside potential on the stock. The uptrend in the short term could be stopped by this level and prices could decrease sharply in the coming sessions. Technical indicators also show an overbought situation that reinforces this bearish scenario. Thus, there is a higher downside potential than upside.

Due to the technical configuration, investors can open a short position close to the GBp 422. The price target is set at GBp 401 and a stop loss will be placed above GBp 427.