Short term view - CIE AUTOMOTIVE SA : The background trend is clearly bearish.
The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €23.40.The next target is at €20.48, then €19.24. Passing €28.10 would question the continuation of the fall.
CIE Automotive is the parent company of an industrial group formed by several companies that are engaged in the design, manufacture and sale of automobile component and sub-units on the world market. In addition, Co. is also engaged in the bio-fuels business which is in the initial stages of development and is made up of various companies devoted to the production and distribution of bio-fuels.
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