Short term view - PORSCHE : The resistance has been passed.
In our previous short term analysis (29/09/2016), we were positive.We remain positive with a target at 51,2 € and an invalidation level at 45,85 €.
The bullish trend resumes after the consolidation.
Arguments :
- The resistance has been passed.
Porsche Automobil Holding is an investment holding company. Co. is engaged in, among others, the development, design, manufacture and distribution of vehicles, engines and other technical or chemical products as well as parts and components; the provision of advice in the area of development and production, primarily in the area of vehicle and engine construction; the provision of advice on and development of data processing as well as the creation and distribution of data processing products; and the marketing of products using trademark rights. As of Dec 31 2013, Co.'s business activities were primarily holding and managing its investment in Volkswagen Aktiengesellschaft.
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