Medium term view - SWATCH GROUP BR : Resistance reached
The trend is still bullish, the invalidation level is below CHF 447.50. The target is at CHF 479.32.Arguments :
- The resistance has been reached, price reaction is very shy. It does not justify a negative opinion.
Swatch Group is active in finished watches and jewelry sector with 20 brands in all market and price brackets. In addition, Co. is engaged in the sector of watch movements and components production as well as in the electronic systems sector. Co.'s operations can be divided into two segments: Watches & Jewelry, which is engaged in the production and sale of watches and jewelry; and Electronic Systems, which is engaged in the design, production and commercialization of electronic components, sports timing activities. Co. manufactures and sells watches under the following brands, among others: Breguet, Harry Winston, Blancpain, Glashutte Original, Jaquet Droz, Leon Hatot, and Omega.
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