Short term view - SEB SA : The moving average is capping prices.
The trend has been momentarily interrupted by a correction. It approaches the resistance at €161.70, which also is the invalidation level. It should cause a fall and resume the bearish trend. The next target is at €147.90. The invalidation level is below €160.70.Arguments :
- The major resistance has been reached, it causes the fall.
- The moving average is capping prices.
SEB is engaged in the design, manufacture and marketing of cookware and small household appliances such as pressure cookers, irons, coffeemakers, deep fryers, toasters, kitchen utensils, breadmakers, mixers, blenders, bathroom scales, vacuum cleaners, fans, heaters, air conditioners and food processors. Co.'s products fall into eight categories: Home comfort, Home care, Food preparation, Linen care, Personal care business, Cookware, Electrical cooking and Beverage preparation. Co.'s brands are All-Clad, Krups, Lagostina, Moulinex, Rowenta, Tefal, Calor/Seb, T-fal/Mirro/WearEver/AirBake/Regal, Arno/ Panex//Rochedo/Penedo/Clock/Samurai/Imusa/Umco, Supor, AsiaVina and Maharaja Whiteline.
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