The GBp 602.5 support, currently tested, should allow Clinigen Group to rally again.

The stock is currently oversold and is trading in a mid-term bearish trend. In the short term, this trend is reversed after contact with the GBp 615.5 area. Clinigen Group should be able to confirm its rebound in further sessions. This support and an upward trendline means a trading opportunity in order to anticipate a technical rebound toward GBp 679.

Considering technical elements, it seems to be an appropriate timing to open immediately a long trade in Clinigen Group in order to benefit from the GBp 615.5 support area. A first target price will be the GBp 679 resistance, ie a potential of 9%. A stop loss order will be placed under the mid-term support currently tested. Only a crossing of GBp 679 would validate a bullish trend in order to aim a higher target price.