(CercleFinance.com) – Eramet suffered a heavy relapse towards 81.3E and the stock should shortly retrace its low of 81.1E on May 31.
The risk is that the title has already started a ‘wave 5’ of decline which could bring the price back to contact with the floor of 71.5E on 21/11/2022, or even the top of the ‘gap’ of 69E on 3/11/ 2022: this is what the ‘rule of the pendulum’ predicts between 93.1 and 81.1E.
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