Short term view - VIVENDI : Prices are breaking above the moving average, it is a sign of strength.
The trend is still bullish. No indicator nor pattern are questioning it. The invalidation is below €19.88. The target is at €23.59Arguments :
- The 38% retracement is close.
- Prices are breaking above the moving average, it is a sign of strength.
- The trend is momentarily interrupted by a flag, but the rise will resume soon.
- The bullish gap opened as prices break out of the pattern announces a rally.
Vivendi is an audiovisual group active in the entertainment industry with activities in music, TV, cinema, mobile, fixed and internet, and games. Co.'s operations are divided into five businesses: Canal+ Group which produces and distributes pay-TV in France, analog or digital, and is involved in film making; Universal Music Group which sells recorded music (physical and digital media); GVT which serves as a telecommunication operator for fixed ultra high-speed broadband, fixed-line telecommunications and Pay-TV in Brazil; SFR which is engaged in mobile phone services in France, as well as fixed and ADSL services; and Other Activities which involves ticketing, Wengo and Watchever.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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