Short term view - NESTLE : The major support has been reached, it causes the bounce.
The trend remains neutral. Prices will have to break above the peak at CHF 84.30 for the trend to be positive again with an invalidation level below CHF 80.00.Arguments :
- The support has been shortly breached, but it is now reinstated. Prices can bounce.
- The major support has...
Nestle is a holding company which is based in Switzerland. Through its subsidiaries and allied companies, Co. is engaged in the food processing industry. Co.'s product portfolio has seven categories, Powder and Liquid Beverages, Nutritional and Health Science, Milk products and ice cream, Prepared dishes and cooking aids, PetCare, Confectionery and Water.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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