Short term view - SAFRAN : The moving average is supporting prices.
The previous high has been passed, the bullish trend is confirmed. The next target is at €113.18. The invalidation level is below €101.55.Arguments :
- The support has been reached, it causes the bounce.
- The resistance has been passed.
- Prices made a new high, this confirms the strength of the trend.
- The moving average is supporting prices.
Safran designs, develops and manufactures high technology electronics through three businesses: Aerospace, Defense and Security. Aerospace includes Aerospace Propulsion (propulsion systems for commercial aircraft, military transport, training and combat aircraft, rocket engines, civil and military helicopters) and Aircraft Equipment (mechanical, hydromechanical and electromechanical equipment); Defense (optronic, avionic and electronic systems); and Security (biometric technologies for fingerprint, iris and face recognition, identity management products, access management and transaction security, including tomographic systems for detection of dangerous or illicit substances in baggage).
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