Medium term view - LONZA GROUP : Pull-back over
The trend has been momentarily interrupted by a correction. Prices just bounced on the support, it is probably resuming. The next target is at CHF 302.00. The invalidation level is below CHF 217.80.Arguments :
- Prices have pulled back to the major support level (previously a resistance). The rise is now resuming.
- The RSI is oversold.
Lonza supplies services and products that range from active pharmaceutical ingredients and stem-cell therapies to drinking water sanitizers, from vitamin B compounds and organic personal care ingredients to agricultural products, and from industrial preservatives to microbial control solutions. Co. operates in two segments: Lonza Pharma & Biotech, which clusters all of Co.'s offerings for pharmaceutical markets, focuses on providing custom development, custom manufacturing, cell therapy, viral therapeutics and bioscience solutions; and Lonza Specialty Ingredients, which includes offerings in its consumer care, agro ingredients, industrial solutions, wood protection and water treatment.
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