Short term view - BOURBON : The support has been reached, it causes the bounce.
The trend has been momentarily interrupted by a correction. It approaches the support at €5.30, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at €7.11. The invalidation level is below €5.30.Arguments :
- The support has been reached, it causes the bounce.
- The moving average is supporting prices.
Bourbon provides offshore oil and gas marine services to clients worldwide, a range of vessels and subsea services. Co. provides its clients with marine resources and equipment and offers them integrated contracts which include: the provision of IMR vessels and underwater robots operated by Co.'s personnel, as well as engineering and management services. Co. is structured around two divisions: Marine Services and Subsea Services. Marine Services provides vessels for exploration, development and production of fields in continental and deepwater offshore. Subsea Services uses Co.'s vessels in installation, inspection, maintenance and repair operations for deepwater offshore facilities.
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