DG.pa bullish scenario:
We have technical figure Channel Down in French company Vinci SA (DG.pa) at daily chart. Vinci, corporately styled VINCI, is a French concessions and construction company founded in 1899 as Société Générale d'Enterprises. Its head office is in Rueil-Malmaison, in the western suburbs of Paris. Vinci is listed on Euronext's Paris stock exchange and is a member of the Euro Stoxx 50 index. The Channel Down has broken through the resistance line at 05/11/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 15 days towards 76.88 EUR. Our stop loss order should be placed at 64.86 EUR if we decide to enter this position.
FUNDAMENTALS
- Shares of Spanish engineering and infrastructure group ACS surged 16% on Friday after French rival Vinci made a non-binding offer to buy ACS's industrial unit Cobra for 5.2 billion euros. Vinci has offered to pay at least 2.8 billion euros in cash and the rest in Vinci shares, the filing said. Vinci shares were up 2% after the news.
We have technical figure Channel Down in French company Vinci SA (DG.pa) at daily chart. Vinci, corporately styled VINCI, is a French concessions and construction company founded in 1899 as Société Générale d'Enterprises. Its head office is in Rueil-Malmaison, in the western suburbs of Paris. Vinci is listed on Euronext's Paris stock exchange and is a member of the Euro Stoxx 50 index. The Channel Down has broken through the resistance line at 05/11/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 15 days towards 76.88 EUR. Our stop loss order should be placed at 64.86 EUR if we decide to enter this position.
FUNDAMENTALS
- Shares of Spanish engineering and infrastructure group ACS surged 16% on Friday after French rival Vinci made a non-binding offer to buy ACS's industrial unit Cobra for 5.2 billion euros. Vinci has offered to pay at least 2.8 billion euros in cash and the rest in Vinci shares, the filing said. Vinci shares were up 2% after the news.