Short term view - ALSTOM : The major support has been reached, it causes the bounce.
The trend is still neutral but within that interval prices could head towards the top of the range.Arguments :
- The major support has been reached, it causes the bounce.
- The resistance has been passed.
- The moving average is supporting prices.
Alstom serves the power generation and transmission markets, and rail transport market. Co.'s activities are divided into four sectors: the Thermal Power Sector (Co. offers power generation solutions using gas or coal to services including plant modernization, maintenance and operational support); the Renewable Power sector offers EPC solutions, turbines and generators, control equipment and maintenance for Hydropower and Wind power activities; the Grid Sector designs and manufactures equipment and turnkey solutions to manage power grids and transmit electricity from the power plant to the large end-user; and the Transport Sector provides rail transport products, systems and services.
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