Norma Group is still well oriented and is going to new highs.

The high levels of valuation show the interest of investors for this security. Moreover, analysts has revised upward in recent times their earnings per share estimates, which is a reliable indicator reflecting the company's health.

The security is in an upward trend for several months. A running out of steam is occurred with the contact of EUR 33 which is the highest recorded by this share. This movement is supported by the 20-week moving average and may stop any bearish inclinations. Exceeding the EUR 3. resistance will indicate a buy signal with a target price in the area of EUR 35, corresponding to the bullish trend line.

Taking into account all these elements, investors could buy the stock above the EUR 3233 resistance. The target price is set around EUR 35. A stop loss will be fixed below the entry point, threshold that would invalidate the strategy.