Fundamentals show great growth potential on Petra Diamonds combined with a sound financial situation. Sales forecasts are encouraging as suggested by the Thomson-Reuters consensus. As result, the earnings per share are constantly upward revised by analysts. Moreover net incomes are expected to grow by 132% between this year and 2015.

Technically, prices has just breakout the pivot point at GBp 185,7 which could provides a rising acceleration. Moreover, an upward trend provide a good bullish condition and the stock has recently rebound on. The first target pricet will be the daily resistance at GBp 197. Nevertheless, investors who have a more risky profile could lighten their position at this level and could targeting the weekly resistance at GBp 211.

To conclude, both fundamental and technical arguments argue for the continuity of the bullish mid term trend. The first target will be the GBp 197 resistance and the next one will be GBp 211. A stop loss should be placed under the upward trend line at GBp 180.