Cie Generale des Etablissements Michelin SA
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Trading Idea - Michelin

162
Buy
Entry Level: 121.35 EUR
Target: 130.00 EUR (+7 %)
Stop: 115.35 EUR

1.) The price of the Michelin share is returning to the support line, which corresponds to the lower level of the diagonal trading range. This results in a good timing for new purchases.

2.) upward trend fully intact

3.) Michelin plans to add about €14 billion to its annual revenues by 2030, by recovering from a pandemic-induced slowdown and diversifying beyond its tyre-making heritage into new activities including hydrogen power and medical devices.
Dagangan ditutup: sasaran tercapai

Penafian

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