Medium term view - AXA : Prices are breaking above the moving average, it is a sign of strength.
In our previous medium term analysis (24/05/2016), we were bullish.We remain bullish with a target at 24,82 € and an invalidation level at 18,26 €.
The bullish trend resumes after the consolidation.
Arguments :
- The support has been reached, it causes the bounce.
- Prices...
AXA is a holding company. Through its subsidiaries, Co. is engaged in insurance and assets management. Co. operates primarily in Europe, North America, the Asia-Pacific Region and, to a lesser extent, in other regions including the Middle East, Africa, and Latin America. Co. has five operating business segments: Life & Savings, Property & Casualty, International Insurance, Asset Management, and Banking. In addition, various holding companies within the AXA Group conduct certain non-operating activities. As of Dec 31 2013, Co. had total assets of Euro757,143,000,000.
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