Short term view - COMPAGNIE DE SAINT GOBAIN SA : Pull-back
The trend has been momentarily interrupted by a correction. It approaches the resistance at €45.480, which also is the invalidation level. It should cause a fall and resume the bearish trend. The next target is at €41.270. The invalidation level is below €48.600.Arguments :
- Prices are pulling back to the resistance level (previously a support). The fall will resume afterwards.
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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