Dialight share price was heavily penalized and is now in an oversold situation near to a solid support area.

Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the GBp 994.5 area should stop this trend and allow a technical rebound towards GBp 1100. Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.

Considering technical and fundamental elements, it seems to be an appropriate timing to take immediately a long position in Dialight in order to benefit from the GBp 994.5 support area. A first target price will be the GBp 1100 resistance, ie a potential of 10.2%. A stop loss order will be placed under the mid-term support currently tested.