Short term view - GIVAUDAN : The rectangle has just been triggered.
The support has been broken, the trend becomes negative as we now have a succession of descending peaks and troughs.The next target is at CHF 2,076.00. The invalidation level is above CHF 2,300.00.Arguments :
- The major support has been breached.
- Prices are breaking below the moving average, it is a sign of weakness.
- The rectangle has just been triggered.
Givaudan is engaged in the fragrance and flavour industry. Co. provides its products to global, regional and local food, beverage, consumer goods and fragrance companies. Co. has two principal divisions: Fragrance, which manufactures and sales fragrances into three global business units: Fine Fragrances, Consumer Products, and Fragrance & Cosmetic Ingredients; and Flavour, which manufactures and sales fragrances into four business units: Beverages, Dairy, Savoury and Sweet Goods. In addition, Co. has distribution network in more than 40 countries.
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