Short term opinion: Limited decline
Short term Evol.:
Mid term opinion: Consolidation
Mid term Evol.:
Supports: 55,90 / 54,70 / 53,50
Resistances: 61,80 / 63,80 / 65,00
Viscofan ST: the downside prevails as long as 61.8 is resistance
The configuration is negative.
Our pivot point is at 61.8.
Our preference: the downside prevails as long as 61.8 is resistance.
Alternative scenario: the upside breakout of 61.8 would call for 63.8 and 65.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 62.92 and 62.28).
Supports and resistances:
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-12-2018 at 11:51 UTC+1
Price reference: 60.00 last known on 10-12-2018 at 11:51 UTC+1
Investment horizon: ST
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Legend: * = Intermediate level ** = Strong level *** = Very strong level
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