Short term view - LISI : The moving average is capping prices.
The trend is still bearish, the invalidation level is above €36.00. The target is at €29.50.Arguments :
- Prices are pulling back to the resistance level (previously a support). The fall will resume afterwards.
- The major resistance has been reached, it causes the fall.
- The moving average is capping prices.
LISI manufactures multifunctional fasteners and assembly and structural components for three business sectors: aerospace, automotive, and perfurmery. Co.'s activities are also split into three divisions: LISI Aerospace division, LISI Medical division and LISI Automotive division. LISI Aerospace division produces fasteners and assembly components for the aerospace and motor racing markets. LISI Medical division produces medical implants and is a sub-contractor of auxiliary parts. LISI Automotive division produces automotive fasteners and assembly components.
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