Ladbrokes comes back upon contact with important technical level that might give impetus to a rebound.

The area of the GBp 112.4 support should enable the stock to have a new bullish trend. The long term support in this area confirms its relevance. Technically, above these levels, 4-traders analysts are optimistic and count on a return toward the short-term resistances.

As a result, active investors can open immediately a long trade on Ladbrokes thanks to the close proximity of the GBp 112.4 support area. The target price is the GBp 127.2 and in case of breakout of this level, the second target price would be GBp 137.3. If there is a breakdown of the GBp 112.4 support, investors should close their positions.