Hochschild Mining could start a technical downward trend after the rebound in recent sessions.

The fundamentals remain very fragile. The security seems highly overvalued compared to other securities in its sector.

Graphically, the share is in a period of technical rebound that allowed it to reach the GBp 285 short-term resistance. This area could trigger a sell signal for investors in case of profit-taking. Furthermore, the rallying of the GBp 223 support area will be considered for upcoming sessions.

The upside seems limited as shown by fundamentals and technical configuration. In contact with the GBp 285 resistance, a movement of consolidation could return the stock towards the GBp 260, corresponding to the 20-day moving average. As a result, the most aggressive investors could take a short position near GBp 285 but they need to set a stop loss above the GBp 285 resistance because the crossing of this level would invalidate our scenario.