In the past few sessions Daily Mail and General Trust's share has established a consolidation phase and is now coming back near to a significant support level.

The mean target price established by the analyst is at GBp 891, representing a 20% potential.

Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the GBp 738.5 area should stop this trend and allow a technical rebound towards GBp 774.5. Moreover, the technical configuration shows the strength of the GBp 738.5 support.

Therefore, the proximity of this level is an opportunity to open a long trade in Daily Mail and General Trust. The first goal is a return in the GBp 774.5 resistance area, that is a potential of around 4%. In fact, the security has to cross this area in order to re-establish a bullish trend in the mid term. A stop loss order can be placed under the support currently tested.