Short term view - TECHNICOLOR : The bearish gap opened as prices break out of the pattern announces a fall.
In our previous short term analysis (24/10/2016), we were negative.We remain negative with a target at 4,88 € and an invalidation level at 5,32 €.
The bullish trend may be reversing to bearish.
Arguments :
- The major support has been breached.
- The bearish gap opened as...
Technicolor is engaged in the media and entertainment and consumer services industries. Co. develops technologies that provide the solutions and services offered to its business clients (content creators and distributors, Network Service unique expertise to patent its innovation and monetize its IP portfolio, Providers and Pay-TV operators). Co.'s innovation and Intellectual Property (IP) portfolio comprises video, audio, communication/interoperability, content distribution and local network technologies. Co.'s activities can be divided into three main segments: Technology, Entertainment Services and Connected Home.
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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