(CercleFinance.com) – Vallourec ends a bearish series of 6 sessions which brought the price from 14.5E on January 5 to 13E.
A rise beyond 13.35E could favor a 50% retracement towards 13.75E, and why not a return to the zenith: in fact, an identical sequence (6 sessions of decline from December 4 to 12 and 12% of lost) ended with the start of the recent rally between 12.45 and 14.45E.
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