Suez Environnement (Euronext): possible reversal
Company profile: Suez Environnement Co. provides equipment and services for potable water supply. The Company also collects, treats, and distributes drinkable water. Suez Environnement also provides services for waste collection, recycling, recovery, treatment and disposal of urban and industrial waste.
Weekly outlook: Bullish divergence and a strong daily point to a potential reversal of the primary trend. For this a break above the resistance zone ~9.64 is needed. 11.95/12.22 then becomes the main focal point. A minor dip before a breakout occurs cannot be excluded; allow for a dip towards 8.74.
- Primary trend: neutral
- Outlook: basing in downtrend
- Support: 8.74 / 8.00 / 7.81
- Resistance: 9.64 / 11.95 / 12.22+
Weekly chart Suez Environnement (Euronext Paris):
Category: Europe
