Short term view - LAFARGEHOLCIM LTD (CHF) : The major resistance has been reached, it causes the fall.
The trend has been momentarily interrupted by a correction. It approaches the resistance at CHF 56.28, which also is the invalidation level. It should cause a fall and resume the bearish trend. The next target is at CHF 48.68. The invalidation level is below CHF 56.28.Arguments :
- The support has been reached, it causes the bounce.
- The major resistance has been reached, it causes the fall.
- The moving average is capping prices.
LafargeHolcim is a producer of cement and aggregates. Co. also supplies ready-mix concrete, concrete products, asphalt and a range of services. Co. operates through three segments: cement, aggregates, and other construction materials and services. Co.'s cement segment provides a range of cementitious materials and also develops customized blends for special applications. Through its aggregates segment, Co. produces aggregates which include crushed stone, gravel and sand mainly used in the manufacture of ready-mix concrete, concrete products and asphalt, as well as for road building and railway tracks, with production centered on quarrying, preparing and sorting the raw material.
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