The upward trend seems to be run out of steam. The downward trend could recover.

From a fundamental viewpoint the company appear overvalued. P/E Ratio for the current year is at 24.1x and expected at 18.26x for next year. With a valuation ratio of 7.14x, the group appears overvalued compared to its business activity.

Graphically, the share is in the middle of a technical rebound that allowed it to reach the USD 205.8 mid-term resistance. This area could trigger a sell signal for investors in a scenario of profit-taking. Furthermore, the rallying started once the USD 183.45 support area tested will be considered for upcoming sessions.

The graphical configuration argues to establish a short position at the current price. The first objective will be fixed near the USD 194 short term support and by extension the USD 183.5 area. This strategy should be protected by a stop loss above USD 205.8.