Technical outlook:
EN.pa bearish scenario:
We have technical figure Pennant in French company Bouygues S.A (EN.pa) at daily chart. Bouygues S.A specialises in construction (Colas Group and Bouygues Construction), real estate development (Bouygues Immobilier), media (TF1 Group), and telecommunications (Bouygues Telecom). Bouygues is listed on Euronext Paris exchange and is a blue chip in the CAC 40 stock market index. The Pennant has broken through the support line at 09/12/2020, if the price holds below this level we can have possible bearish price movement with forecast for the next 10 days towards 31.530 EUR. Our stop loss order should be placed at 31.53 EUR if we decide to enter this position.
Fundamentals:
- French conglomerate Bouygues raised its outlook for the second half of the year on the back of a strong third-quarter.
- The group now expects the current operating margin in the second-half of 2020 to be slightly higher than in the second-half of 2019.
EN.pa bearish scenario:
We have technical figure Pennant in French company Bouygues S.A (EN.pa) at daily chart. Bouygues S.A specialises in construction (Colas Group and Bouygues Construction), real estate development (Bouygues Immobilier), media (TF1 Group), and telecommunications (Bouygues Telecom). Bouygues is listed on Euronext Paris exchange and is a blue chip in the CAC 40 stock market index. The Pennant has broken through the support line at 09/12/2020, if the price holds below this level we can have possible bearish price movement with forecast for the next 10 days towards 31.530 EUR. Our stop loss order should be placed at 31.53 EUR if we decide to enter this position.
Fundamentals:
- French conglomerate Bouygues raised its outlook for the second half of the year on the back of a strong third-quarter.
- The group now expects the current operating margin in the second-half of 2020 to be slightly higher than in the second-half of 2019.