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

From a fundamental viewpoint, the situation is relatively stable. However, we note real difficulties to report earnings according to forecasts. For the past 3 quarters, figures published have been under expectations.

Technically, the security is blocked in the range USD 21.3/24.4 since months. Thus, the recent contact we the top of the range suggest a technical correction.

Therefore, the most offensive investor can benefit from the technical configuration to take a short position. The objective will be fixed near to the USD 23 support. Only the breakdown of this level would open up new bearish targets toward USD 21.3. The stop loss will be set above USD 24.48.