Short term view - NOS SGPS : Prices are breaking below the moving average, it is a sign of weakness.
The trend is still bullish, the invalidation level is below €4.960. The target is at €5.900.Arguments :
- The support has been breached.
- The major support has been reached.
- The descending resistance has been reached, it causes the drop.
- Prices are breaking below the moving average, it is a sign of weakness.
Nos SGPS is a holding company which is based in Portugal. Through its subsidiaries, Co. operates as a provider of telecommunications and media services. Co.'s subsidiaries main activities are data transmission, cable and satellite television, and internet services.
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