Short term view - MERSEN (EX. CARBONE LORRAINE) : Rectangle forming
The trend is still bullish, though slower. The invalidation level is below €35.16.The target is at €41.95.Arguments :
- The major support is close.
- The moving average is supporting prices.
- Prices are within a rectangle, but the trend will eventually resume to the upside.
Mersen produces materials and electrical components intended for alternative energies, chemicals and pharmaceuticals, rail transportation, electronics and process industries. Co. divides its operations into two segments: Advanced Materials and Technologies (AMT - Materials), and Electrical Components and Technologies (ECT - Electrical). In addition, Co. produces four types of products: Electrical Applications, Electrical Protection, High-Temperature Applications, and Anticorrosion Equipment. Co. also caters to the process industries, supporting their transition towards greater energy efficiency and boasts an efficient manufacturing base with plants employing the very latest technologies.
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