Short term view - GIVAUDAN : The background trend is clearly bullish.
The background trend is clearly bullish. Prices are still making progress but there is less power in the movement.The next resistance is at CHF 2,472.50. Breaking below the support at CHF 2,258.50 would invalidate the trend.
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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