Dunelm Group could breakout the GBp 865.5 resistance in the short term.

Regarding the fundamentals, firstly, we note the increase of sales recorded over the previous year.

Graphically, the security is up 20% since the 1st January. It seems able to continue this uptrend supported by moving averages and will soon test the GBp 865.5 mid-term resistance. We anticipate a crossing of this level, given the upward orientation of the stock in the medium and long term. Above GBp 865.5, a buy signal will be given.

Therefore, investors will benefit from the signal given by the crossing of the GBp 865.5 resistance to take a long position in the stock. The objective will be set near GBp 950. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.