(CercleFinance.com) – CGG is down -28% towards 0.6600 after publishing a turnover of $255 million for the 3rd quarter, i.e. a small contraction in activity compared to Q2, following the postponement of certain contracts in the 4th quarter… which therefore should be ‘solid’.
The sanction is terrible and it precipitates the title under the support of 0.70E of 09/29 and March 2 and even below the long-term oblique support which gravitates towards 0.68E.
The title returns to its levels of January 3 and could retrace the 0.63E of December 30 then the floor of 0.59E of 30/11 and 20/07/2021.
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