Short term view - VINCI : Pull-back
The trend has been momentarily interrupted by a correction. It approaches the resistance at €84.30, which also is the invalidation level. It should cause a fall and resume the bearish trend. The next target is at €75.84. The invalidation level is below €84.30.Arguments :
- Prices are pulling back to the major resistance level (previously a support). The fall will resume afterwards.
- Prices are breaking below the moving average, it is a sign of weakness.
- The bearish gap has been tested, the fall resumes.
Vinci is engaged in building, civil engineering and facilities management. Through its subsidiaries, Co. is engaged in five divisions comprising of: the Building division which provides retail solutions including construction and fit-out in both the retail and commercial sectors; the Civil Engineering division; the Air division which provides program management, engineering and construction services to customers with airport infrastructure requirements; the Technology division; and the VINCI Facilities division which provides facilities management, repair and maintenance and small works in both the private and public sectors.
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