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alexinve
Jan 26, 2020 10:14 AM

Gestamp aiming down towards 2.98€ Short

GESTAMP AUTOMOCION, S.A.BME

Description

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.
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