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

Graphically, the share is in a period of technical rebound that allowed it to reach the USD 50 mid-term resistance. This area could trigger a sell signal for investors in case of profit-taking. Furthermore, the rally from the USD 44.35 support area will be considered for upcoming sessions.

Due to the technical configuration and a bad fundamental situation that does not justify the current valuation of the group, investors can open a short position close to the USD 50 resistance. The price target is set at USD 47.7 and a stop loss will be placed above USD 50.