Medium term view - FINANCIERE ODET : Pull-back
The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain above the invalidation level at €828.70. It can resume at anytime towards the target at €1,133.77.Arguments :
- Prices are pulling back to the major support level (previously a resistance). The rise will resume afterwards.
- The rising moving average confirms our opinion.
Financiere de l'Odet is a holding company. Through its subsidiaries, Co. is active in the following five sectors: Transport and Logistics, Communication, Electricity Storage and Solutions, Oil Logistics, and Others. Transport and Logistics comprises Bollore Logistics and Bollore Africa Logistics. Communication helps Co. focus on advertising, market research, free press, audiovisual logistics, and cinema & telecoms. Electricity Storage and Solutions targets industrial activities, storage of electricity, plastic films, and specialized systems. Oil Logistic enables Co. to act as an independent distributor of domestic fuel. The Others sector helps Co. focus on new areas of development.
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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