The EUR 18.95 resistance is in line of sight.

The company shows strong fundamentals. Firstly, the valuation of the group is quite attractive as it has a P/E ratio of 12x and an EV/Sales of 1.4x. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to soon reach our main goal, the bullish trendline at EUR 19.5.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price near the EUR 18.3 support. The bullish trend should allow the security to reach the EUR 18.95 resistance. If the stock crosses it, a new target price will be set at EUR 19.5. A stop loss will be placed under the EUR 18 to avoid a downtrend.