The share is meeting an important level. We suggest caution because this point could stop the bullish trend.

The company still displaying poor fundamentals. Even if sales are expected to increase on the current fiscal year, its EBITDA is anticipated at lower levels than those registered in prior year. On the other hand, the security seems highly overvalued compared to its peers.

Graphically, the stock went through a period of rebound in recent sessions towards the USD 48.84 medium-term resistance. The share should consolidate near this area. It could act as a stopping point of the upward movement. This scenario suggests a return to the USD 46.45 support area which will be a bearish objective.

Therefore, the proximity of the mid-term resistance suggests a consolidation or a correction phase in the coming sessions. The most offensive will open a short position close to USD 48.8 to target a return on the USD 46.5 support. It should protect the position with a stop loss set above USD 48.8.