Short term view - MOTA ENGIL SGPS SA : Falling prices.
The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant.The next support is at €1.603. The background trend would be questioned should prices rise above €2.220.
Mota-Engil SGPS is a holding company. Through its subsidiaries, Co. is engaged in construction, restoration and public work projects in Portugal, Ghana, Germany, Mozambique, Tunisia, Chile, Peru, Angola and Cape Verde. Construction projects undertaken include residential buildings, apartment buildings, commercial buildings, office buildings, factories and other industrial facilities, warehouses, laboratories, hospitals, schools, water reservoirs, subway stations, television transmission towers, highways, bridges and railway trestles. Co.'s subsidiaries are also engaged in the sale of cement.
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