ACTIV8X

Vivendi S.A.: How about a Swing?

EURONEXT:VIV   VIVENDI SE
Vivendi S.A. CHXEUR:VIVP is bouncing back after it has lost 15.84% since the end of November. It was hovering in a Double Bottom , it's been a while, and it is currently heading towards 20.32, the Double Bottom's objective. A throwback hasn't occurred, yet. A pull back, as a part of a throwback, may send it south towards 19.58, as a momentum building movement ahead of a rally with 20.32 as an objective, and 20 as a primary objective.

The daily Pivot Point is around 19.8. The daily support levels are around 19.74 and 19.64. The daily resistance levels .


The zone between 18.81 and 20.45 will become a CHANNEL, should 20.45 be re-visited. Breaking out 20.45, in this case will send it forth towards 22.14, with 21.39 as a primary objective. Re-visiting 20.45, and failing to breaking it out, will send it back towards 18.81, with 19.67 as a primary objective.


Vivendi S.A. spent most of 2015 in a channel, which it has broken out during August's selloff. The channel's objective was reached last month. Nevertheless, a breakout of the 18.81 support level , which is a very critical level, will send the equity south, seeking 17.22, with 18.27 as a primary objective.

The weekly Pivot Point is around 19.73. The weekly support levels are around 19.56 and 19.28. The weekly resistance levels a 20.01 and 20.18.
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.