Short term view - ARKEMA : The major support has been breached.
The previous low has been broken, the bearish trend is confirmed. The next target is at €93.73. The invalidation level is above €102.60.Arguments :
- The major support has been breached.
- Prices are breaking below the moving average, it is a sign of weakness.
Arkema is engaged in the global chemical industry which is a processing industry based on the transformation in one or several stages of raw materials (oil derivatives, gas, minerals, natural products) into more or less complex chemical products, or into plastics obtained by polymerization. In addition, Co. manufactures a wide range of products for other major industries: construction, packaging, chemicals, automotive, electronics, food manufacturing, pharmaceuticals, etc. Co. operates in this industrial context with a business portfolio focused on three segments: High Performance Materials, Industrial Specialties, and Coating Solutions.
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