Medium term view - WENDEL INVEST. : The 38% retracement has been reached.
The trend has been momentarily interrupted by a correction. It approaches the support at €120.15, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at €137.00. The invalidation level is below €120.15.Arguments :
- Prices have pulled back to the major support level (previously a resistance). The rise is now resuming.
- The 38% retracement has been reached.
- The moving average is supporting prices.
Wendel is an investment company specializing in acquiring long-term holdings in industrial and services companies. Co.'s activities can be divided into six main divisions. Through Bureau Veritas, Co. provides conformity assessment services and certification. Through Stahl, Co. is engaged in high performance coatings and leather finishing products. Through Saint-Gobain, Co. manufactures, transforms and distributes construction materials. Through Legrand, Co. specializes in electrical and digital building infrastructures. Through Deutsch, Co. provides high-performance connectors. Through Materis, Co. provides specialty chemicals for construction.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.