Short term view - FONCIERE DES REGIONS : Pull-back
The trend has been momentarily interrupted by a correction. It approaches the support at €87.90, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at €94.88. The invalidation level is below €83.73.Arguments :
- Prices are pulling back to the support level (previously a resistance). The rise will resume afterwards.
- The 50% retracement is close.
- The moving average is supporting prices.
Fonciere des Regions is a long-term real etaste investor with a focus on office assets. Co.'s portfolio includes investment properties and properties under development. Co. holds a range of real estate assets, to collect lease payments and benefit from appreciation in the assets held. Co.'s activities can be divided into five segments: Office Markets in France; Office Markets in Italy; Logistics; Business Premises; and Car Parks.
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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