The GBp 840.5 support, currently tested, should allow Jardine Lloyd Thompson Group to rally again.

Regarding fundamentals, the company should know a good sales appreciation in 2014: +11.9% from GBP 975 million to 1.09 billion. Thanks to good margins, the EPS for 2014 is expected to grow by 5% compared to 2013. Finally, the yield return stay attractive for investors with a return of 3.3% per share.

The value, currently oversold, evolves within a downtrend in the medium term. In the short term, this trend could be reversed as it approaches the GBp 840.5, level from which the bullish run could start wide-range movements. This support represents a buying opportunity in the context of a foreseeable technical rebound toward GBp 905 and by extension GBp 957.5. Moreover, the actual configuration should feed the double bottom pattern which began around the GBp 957 area.

Therefore, the proximity of the GBp 840.5 support is an opportunity to take a long position in Jardine Lloyd Thompson Group. The first goal is a return in the GBp 957 resistance area. A stop loss order can be placed under the support currently tested.