ARCELOR MITTAL
Updated
First of all, I don't like Spanish stocks at all, but hey, a client has bought stocks at the current price and I gave him the following analysis.
We would have to be consistent even though it is respecting the average, and position a lower operation to average in case the asset once again seeks the lower part of the range that we believe it would not reach. As profit taking from operation 1 or operation 1+2, it would be approximately 75-80.
We would have to be consistent even though it is respecting the average, and position a lower operation to average in case the asset once again seeks the lower part of the range that we believe it would not reach. As profit taking from operation 1 or operation 1+2, it would be approximately 75-80.
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