The EUR 52.95 support, currently tested, should allow Barco to rally again.

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.

Currently the stock is oversold and, in the mid-term, is trading in a bearish trend. In the short term, this trend is reversed upon contact with the EUR 52.95 area. Barco should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards EUR 56.7 and by extension towards EUR 61.15.

So as to make the most of a potential technical rebound of Barco, it seems opportune to take a long position at the current price. A confirmation of this pattern would enable the security to reach the EUR 61.15 resistance, with a potential gain of 13.9%. Investors should not insist under EUR 52.95 and are better of placing a stop loss order under this threshold.