Short term view - TARKETT : The resistance has been reached, it causes the fall.
The trend is still bearish, the invalidation level is above €40.400. The target is at €34.750.Arguments :
- The support has been breached.
- The resistance has been reached, it causes the fall.
- The falling moving average confirms our opinion.
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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