Short term view - COMPAGNIE DE SAINT GOBAIN SA : The support has been reached.
Peaks and troughs overlap, they still define a bearish trend but it could also be an exhaustion. The next target is at €44.100. The invalidation level is above€48.470.Arguments :
- The support has been reached.
- Prices are breaking below the moving average, it is a sign of...
Compagnie de Saint-Gobain manufactures, produces, and distributes industrial materials. Co.'s activities are divided into four sectors: Innovative Materials (Co. makes, processes and sells glass and glazing products for the building, the automotive and solar energy industries; Co. also manufactures Ceramics and Plastics, Abrasives, and Textiles), Construction Products (Co. offers products for the Insulation, Gypsum, Exterior Products, Pipe and Industrial Mortars), Building Distribution (Co. distributes building materials (plumbing, heating and sanitaryware products) and ceramic tiles), and Packaging - Verallia (Co. manufactures glass containers and jars for foodstuffs and beverages).
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