Ted Baker reaches a strategic entry point opening an upward potential.

Growth perspectives are still important on the stock with +15% of revenues estimated this year. Concerning the EPS, it should progress by 20% this year compared to the last one.

In the short term, the bearish trend has known a weakening close to the GBp 1686 mid-term support. This level, corresponding to a strong daily and weekly support should help the stock to form a technical rebound.

As a result, active investors can take immediately a long position in Ted Baker thanks to the close proximity of the GBp 1686 support area. The target price is GBp 1810 and in case of breakout of this level, the second target price would be GBp 1900. If there is a breakdown of the GBp 1686 support, investors should close their positions.