Cementir Holding N.V. : A trading opportunity
Entry price | Target | Stop-loss | Potential |
---|
€6.04 |
€0 |
€5.6 |
-100% |
---|
Cementir Holding could regain its upward trend after having ran out of steam.
The group enjoys upward revisions in earnings per share and growth prospects.
Technically, the uptrend in the medium and long term should cover the equity of a major downtrend. In the short term, a decline has lead the share near the EUR 5.89 support. Therefore, if a technical rebound takes place the target would be fixed near the EUR 6.58 short-term resistance.
Consequently, we expect a technical rebound in the EUR 5.9 area towards the EUR 6.6. Most active investors could buy the equity at current prices, targeting a return to EUR 6.58. A stop-loss order will be placed below the EUR 5.89 support.
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