Long on MICHELIN (EURONEXT)EURONEXT:ML will close two of it's factories in France, which means less expenses and more profits.
The stock is oversold on RSI, broke mulitple support levels and has now stopped on a major support level. Bearish the next few days/weeks as many "low profile" investors will sell their shares, the oversold state and the major support level should give the right signals for high level investors to go bullish.
