Medium term view - VISCOFAN SA : The support has been reached, it causes the bounce.
The trend is still bullish, the invalidation level is below €47.60. The target is at €56.00.Arguments :
- The support has been reached, it causes the bounce.
- The resistance has been passed.
- The MACD is rising.
- Prices are breaking above the moving average, it is a sign...
Viscofan is the parent company of the Viscofan Group. Co. is divided into two major operational subgroups. The companies comprising the Naturin GmbH subgroup are engaged in the manufacture and distribution of artificial casings (small and big diameter collagen and plastics) for the meat industry. Through its wholly-owned subsidiary IAN, S.A., Co. also manufactures and distributes canned vegetables (asparagus, olives and tomato).
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