alexinve

Gestamp aiming down towards 2.98€

Short
BME:GEST   GESTAMP AUTOMOCION, S.A.
Gestamp technical aspect is quite bearish. It may either try to rebounce to 4.14 or 4.08 to go straight down again if no good news about the company are issued. Besides, Gestamp has nine plants in China, one of them in Wuhan, which employs about 270 workers and specializes in chassis and bodies. The plant is closed for the Chinese New Year, which has paralyzed or minimized industrial activity in much of the country. So these are definetely no good news.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.