Medium term view - COLRUYT SA : The 62% retracement has been reached.
The trend has been momentarily interrupted by a correction. Prices just bounced on the support, it is probably resuming. The next target is at €53.755. The invalidation level is below €44.144.Arguments :
- The major support has been reached.
- The 62% retracement has been...
Etablissements FR Colruyt is engaged in wholesale, food service, distribution of fuels, production of electricity and digital printing. Co. has three operating segments: retail, which relates to stores under Co.'s own management which directly sell to retail customers and bulk consumers; wholesale and foodservice, which supplies to wholesalers, commercial customers and affiliated independent merchants; and other activities, which operates gas stations, engaged in printing and document management and provides alternative energy.
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