Short term view - TOTAL GABON : The target has been passed.
In our previous short term analysis (24/11/2016), we were positive.We remain positive with a target at 166,4 € and an invalidation level at 156,5 €.
The bullish trend unfolds.
Arguments :
- The target has been passed.
- The measuring gap, opened in the middle of the rally,...
Total Gabon is mainly engaged in the crude petroleum and natural gas sectors. Co. is engaged in international oil and gas exploration and production. Co. operates under licences, concession agreements, and production-sharing agreements with host nations. Co. is involved in the exploration, excavation and sale of oil and gas. Co. is also engaged in oil refining, marketing, and trading.
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