George Weston Limited's share is close to a technical point which could stop the downward trend.

A bullish trend might find again in case of share's technical rebound on the support of CAD 64.10.  All the more so in this area we may find a long-term support, which confirms this scenario. Technically above these supports we remain optimistic and we could look for a return towards a short and mid-term resistance.

The company still has strong fundamentals. In terms of valorisation, the share currently capitalizes 0.36 times its turnover, showing an attractive valuation.

The investors could buy the stock near the area of CAD 64.1, currently tested, to take advantage of potential rally. The first target price is CAD 68.1. We should cover this trading strategy with a stop loss under CAD 64.