Short term view - GIVAUDAN : The ascending support has been reached, it causes the bounce.
The trend is still bullish, the invalidation level is below CHF 2,172.00. The target is at CHF 2,337.00.Arguments :
- The major support has been reached, it causes the bounce.
- The ascending support has been reached, it causes the bounce.
- The moving average is supporting prices.
Givaudan is engaged in the fragrance and flavour industry. Co. provides its products to global, regional and local food, beverage, consumer goods and fragrance companies. Co. has two principal divisions: Fragrance, which manufactures and sales fragrances into three global business units: Fine Fragrances, Consumer Products, and Fragrance & Cosmetic Ingredients; and Flavour, which manufactures and sales fragrances into four business units: Beverages, Dairy, Savoury and Sweet Goods. In addition, Co. has distribution network in more than 40 countries.
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