Short term view - HENKEL : The pull-back is over
The trend is still bullish. No indicator nor pattern are questioning it. The invalidation is below €101.33. The target is at €113.50Arguments :
- Prices have pulled back to the support level (previously a resistance). The rise is now resuming.
- The major support has been reached, it causes the bounce.
- Prices are breaking above the moving average, it is a sign of strength.
Henkel business comprised of Laundry & Home Care, Beauty Care, and Adhesive Technologies. Co.'s Laundry & Home Care business unit include laundry and home care Branded Consumer Goods business. The Laundry Care business includes heavy-duty and specialty detergents, fabric softeners, laundry performance enhancers, and other fabric care products. Co.'s Beauty Care business unit is active in the Branded Consumer Goods business with Hair Cosmetics, Body Care, Skin Care, Oral Care, and professional Hair Salon business. Co.'s Adhesive Technologies business unit provides solutions with adhesives, sealants and functional coatings in two business areas: Industry; and Consumer, Craftsmen and Building.
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