Medium term view - DISTRIBUIDORA INTERNACIONAL : The moving average is capping prices.
The previous low has been broken, the bearish trend is confirmed. The next target is at €2.310. The invalidation level is above €3.930.Arguments :
- The support has been breached.
- The major resistance has been reached, it causes the fall.
- The moving average is capping prices.
Distribuidora Internacional De Alimentacion is a supermarket and convenience store group based in Spain. Co. is engaged in the retail trade of food through cut-price self-service supermarkets and franchise establishments. Co. is engaged in the operation of stores located in Spain, France, Portugal, Turkey, Argentina, Brazil and China.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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