The revenue of Aperam in Q3 showed us lower ebitda/revenue than analysts expected. Still they managed to reduce debt and the outlook for Q4 is positive. Today a gap of -8% and it already filled the gap all the way up the opening. For now I anticipate on more upside.
Aperam will climb within a few days/weeks. There were oversold conditions and at this very moment we are in a too negative momentum. The smart money flow shows us that hedgefunds believe in a rebound to at least 45 euros. The double bottom is set, so let the bulls run! The elliot wave indicates that a leg up is coming soon.
