I thought this UK dividend payer might have bottomed around the 400 mark earlier in the year but I was wrong. However, a possible completed 5 wave EW count, the recent bounce on the fib 78.6 and some bullish RSI divergence has me a bit more positive that we might see some decent upside here.
The stock price is still in the hunt for 50-DMA seen today at 456 levels. Bullish invalidation is seen only below 430 levels.
The RSI is still sloping higher and still short of the overbought territory.... thus shows room for a rally.