Short term view - NEXANS : The bullish gap opened as prices break out of the pattern announces a rally.
The trend is still bullish, the invalidation level is below €50.00. The target is at €58.20.Arguments :
- The moving average is supporting prices.
- The triangle has just been triggered.
- The bullish gap opened as prices break out of the pattern announces a rally.
Nexans offers cables and cabling systems for the Infrastructure, Industry, Building and Local Area Network markets. Co.'s offering covers the research, design, manufacturing, installation, training, and network supervision and control. Co. operates under three segments: Energy (power cables for energy infrastructures, special cables for industry, and equipment cables for the building market), Telecom (cables for private telecommunications networks, junction components for telecommunications network cables, and copper and optical fiber cables for public telecommunications networks) and Electrical wires (wirerods, electrical wires and winding wires production operations).
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