Short term view - VISCOFAN SA : Without trend
The trend remains neutral. Prices will have to break above the peak at €57.55 for the trend to be positive again with an invalidation level below €51.69.Arguments :
- The major support has been reached, it causes the bounce.
- The resistance has been passed.
- Prices are breaking above the moving average.
Viscofan is the parent company of the Viscofan Group. Co. is divided into two major operational subgroups. The companies comprising the Naturin GmbH subgroup are engaged in the manufacture and distribution of artificial casings (small and big diameter collagen and plastics) for the meat industry. Through its wholly-owned subsidiary IAN, S.A., Co. also manufactures and distributes canned vegetables (asparagus, olives and tomato).
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