Lekoil might rebound on the significant threshold currently tested.

From a fundamental viewpoint, the company shows positive information with growth perspective of revenues and margins.

Technically, the security is in a consolidation area limited by the significant 19.3 support and the GBp 29.5 resistance. Above the lower limit, investors could aim for a rebound toward the daily moving averages around GBp 24.75.

Investors can take a long position within the GBp 19.25/GBp 20.75 area. In first instance, the target price will be the 20-day moving average around GBp 25. In case of breakdown of the GBp 19.25 support at the closing price, investors should close their trades.