GKN could exceed the symbolic threshold of GBp 383.6.

From a fundamental viewpoint, the group is in a good financial situation. Sales are expected to increase by + 13% on the current year, with a net margin of 4.3%. The growth potential of the company is strong.

Graphically, the security is going upward on the mid and long term. It seems able to continue this uptrend supported by moving averages and will soon test the GBp 383.6 mid-term resistance. We anticipate a crossing of this level, given the upward orientation. Above GBp 383.6, a buy signal will be given.

Therefore, investors will benefit from the signal of the breakout of the GBp 383.6 resistance to take a long position in the stock. The objective will be set near GBp 415 (swing effect). Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.