Short term view - CONTINENTAL : The resistance is close.
In our previous short term analysis (21/10/2016), we were negative.We remain negative with a target at 162,2 € and an invalidation level at 177,34 €.
The bearish trend is interrupted by a pull-back.
Arguments :
- The resistance is close.
- The 38% retracement has been...
Continental is an automotive industry supplier. Co.'s automotive divisions comprised of: Chassis & Safety, which develops and produces systems that provide safety and enhanced vehicle dynamics; Powertrain, which develops solutions for gasoline and diesel engines, as well as hybrid and electrical drive systems; and Interior, which provides solutions for information management within vehicles and networking between vehicles. Co.'s rubber divisions comprised of: Tires, which provides tires for passenger cars through trucks, buses and construction site vehicles to special vehicles, motorcycles and bicycles; and ContiTech, which develops products made from rubber and plastic.
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