Take advantage of a potential rebound.

The stock is currently oversold and is trading in a short and mid-term bearish trend. In the short term, this trend is reversed after contact with the GBp 399.4 area. Merlin Entertainments should be able to confirm its rebound in further sessions. This support means a trading opportunity in order to anticipate a technical rebound toward GBp 417.6 and by extension toward GBp 427.

In fact, the technical configuration could quickly take over an uptrend with the combination of all technical factors. Most active investors could therefore open long trades in order to aim the GBp 417.6; the crossing of this level would open the way to new objectives with a second technical target at GBp 427.
However the position needs to be protected by a stop-loss order at GBp 394.5.