The USD 98.6 support, currently tested, should allow Jones Lang LaSalle to rally again.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. The business is growing and the company benefit from low valuation ratios.

Technically, the security fell sharply for several weeks. This fall has lead Jones Lang LaSalle towards the USD 98.6 support area, which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the USD 111.1 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in Jones Lang LaSalle.

Considering technical and fundamental elements, it seems to be an appropriate timing to immediately open a long position in Jones Lang LaSalle in order to benefit from the USD 98.6 support area.
A first target price will be the USD 111.1 resistance, ie a potential of 11%. A stop-loss order will be placed under the mid-term support currently tested. Only a crossing of USD 111.1 would validate a bullish trend in order to aim a higher target price.