(CercleFinance.com) – Could this be the exit from purgatory for automotive equipment suppliers at a time when a new slide seemed to be underway?
The day after a floor at 11.1E which validated a bearish signal below 11.45E (the stock fell -23% since January 1 and -50% since July 27), Valéo takes the sellers on the wrong foot at discovered with a jump of +5% towards 11.7E.
This breakout/reintegration phenomenon is a great classic and could simply delay the deadline by 24 or 48 hours (risk of retracement of 10.50E, floor of March 18, 2020): Valéo remains in a negative trend below 12E.
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