The result are bad but the guidance are optimistic on EU and US for Q3, I think that a return to 42€ the 50% 'd be a buy signal for the first target break the 61.8%
Randstad has succesfully tested the trendline from the tops in 2015 and 2017. The trendline acted as resistance at first, but became a support during the recent correction. Today, the earnings report is positively received by the market, so this provides a good entry for long positions.
Price first dropped on monday. Still expect a limited move up before the drop.
Forecast Randstad for the coming weeks remains:
limited move up to 54.85, then move down to 52.00. Move down should be completed in the around Februar 9.
This update is a follow up on this chart:
