Short term view - VISCOFAN SA : The support has been reached, it causes the bounce.
Prices are trying to break above the resistance, but the signal is not clear yet. We are waiting before taking the signal into account.Arguments :
- The support has been reached, it causes the bounce.
- The moving average is supporting prices.
- The reaction at the resistance is weak, we anticipate its break soon.
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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