Medium term view - BNP PARIBAS : Weak reaction on the support
The trend is still bearish, the invalidation level is above €55.25. The target is at €49.12.Arguments :
- The support has been reached, price reaction is very shy. It does not justify a positive opinion.
BNP Paribas is engaged in the provision of banking and financial services. Co.'s business activities are divided into two segments: Retail Banking & Services and Corporate and Investment Banking. The Retail Banking and Services business includes domestic markets and international financial services. The Corporate and Institutional Banking comprises of corporate banking, global markets, and securities services. Other activities include principal investments, which related to Co.'s central treasury function, some costs related to crossbusiness projects, the residential mortgage lending business of personal finance, and certain investments.
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