Medium term view - EUROPCAR GROUPE SA : A double bottom is forming.
The trend is still bullish, though slower. The invalidation level is below €8.60.The target is at €11.79.Arguments :
- The major support has been reached, it causes the bounce.
- A double bottom is forming.
- Prices are moving to the upper boundary of the channel.
Europcar Groupe SA is part of the mobility sector as a handler in rental vehicles. Co.'s objective is to provide the mobility solution that meets its customers' needs in a market where expectations are constantly changing. Co. offers mobility solutions extending from short-term vehicle rental, via its three main brands, Europcar®, Ubeeqo® and InterRent®, and chauffeur services to car-sharing and a platform offering mobility services. Ubeeqo, a specialist in car-sharing, and E-Car Club, a car-sharing start-up offering an entire fleet of electric vehicles in the United Kingdom, have broadened Co.'s mobility offer through its subsidiary, Europcar Lab.
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