Short term view - DSM : All-time-high
The trend is still bullish, the invalidation level is below €76.10. The target is at €94.00.Arguments :
- The major support has been reached, it causes the bounce.
- Prices made a new all-time-high, this confirms the strength of the trend.
- The rising moving average confirms our opinion.
- The bullish gap has been tested, the rally resumes.
Royal DSM is engaged in the creation of products and services in Life Sciences and Materials Sciences. Co.'s products and services are used globally in range of markets and applications in healthcare, pharmaceutical automotive and chemicals sectors. End markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrics and electronics, life protection and housing. The activities of Co. are grouped into four clusters: Nutrition, Pharma, Performance Materials and Polymer Intermediates.
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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