Technical patterns as well as solid fundamentals lead us to forecast a rebound on Berkeley Group Holdings shares.

Solid financials are highlighted by good Surperformance© ratings. The British housebuilding company benefits from upward revisions on projected earnings per share and sales. In addition, according to the consensus, revenues should increase this year. Its P/E ratio of 8.84x computed on 2014 estimates represents an attractive valuation and argues for price appreciation.

Recently, the evolution of the equity brought prices close to the midterm support line at GBp 2300 which acts as a protection wall from the downtrend. This area is expected to annihilate bearish possibilities and thus result in a bullish reversal. Technical indicators allow to aim bullish targets at GBp 2433.

According to fundamental and technical analysis, timing seems suitable for buying Berkeley Group Holdings' shares close to its support level at GBp 2300. The bullish target could be set over the GBp 2433 short term resistance with a stop-loss order under the midterm support.