Short term view - VISCOFAN SA : Resistance reached
The major support has been broken, the trend is now neutral.Arguments :
- The resistance has been reached, price reaction is very shy. It does not justify a negative opinion.
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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