The GBp 632.5 support, currently tested, should allow Emis Group to rally again.

In the recent months, the earnings estimates for the next year are regularly revised upward by analysts. With an EPS estimated at 33.3 GBp for this year and 39.2 GBp for the next year, Emis Group is currently paid 19.1 and 16.22 times the results

Technically, the security fell sharply for several weeks. This fall has lead Emis Group towards the GBp 632.5 support area, which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the GBp 682 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in Emis Group.

Therefore, the proximity of the GBp 632.5 support is an opportunity to take a long position in Emis Group. The first goal is a return in the GBp 682 resistance area. In fact, the security has to cross this area in order to re-establish a bullish trend in the short term. A stop loss order can be placed under the support currently tested.