From a chartist's point of view, the stock price remains in a bearish trend, capped by a declining trend line and by the 20/50DMAs. The daily Relative Strength Index (RSI, 14) is reversing up from its oversold territory but remains below 50%. The trend remains bearish below the resistance threshold at 119p. A break below 104.8p would open a path to see March low at 92.8p. Alternatively, a push above 119p would call for a recovery towards 123p and 129p (trend line).
Source: GAIN Capital, TradingView