Short term view - VISCOFAN SA : The major resistance is close.
The trend remains neutral. Prices will have to break above the peak at €57.42 for the trend to be positive again with an invalidation level below €54.70.Arguments :
- The support has been reached, it causes the bounce.
- The major resistance is close.
- The moving average is supporting prices.
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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