Short term view - TARKETT : The moving average is capping prices.
The trend remains neutral. Prices will have to break below the peak at €21.77 for the trend to be negative again with an invalidation level above €26.60.Arguments :
- The support has been reached, it causes the bounce.
- The resistance has been reached, we are waiting for a sign of weakness to turn negative.
- The moving average is capping prices.
Tarkett is a global flooring company, providing a large range of flooring and sports surface solutions to business and residential end-users. Co. is organized in four segments: Europe, Middle East and Africa (“EMEA”); North America; Commonwealth of Independent States (“CIS”), Asia Pacific (“APAC”) and Latin America; and Sports Surfaces.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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