(CercleFinance.com) – Sté Générale suddenly drops the 25E following the presentation of its new roadmap: investors sanction the possible lowering of the profit redistribution rate as well as the desire to favor share buybacks rather than the payment of dividends … but also forecasts of an increase in income of only 0 to 0.2% by 2026.
Sté Générale opens a ‘gap’ below 26.2E immediately after retracing the 26.5/26.6% zenith of August 28.029 and 30 intraday.
The title therefore draws the outline of a geometrically perfect bearish ‘M’, confirmed by the clear break of the base of the ‘M’ below 25.28E.
The 1st objective is therefore located at 24E, the former floor of July 21 and August 2.
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