The group is still undervalued as the “enterprise value/revenue” ratio shows, estimated at 0.58x for the current year.

Following a bullish wave, the stock now shows a slight decline that should lead towards its USD 69.85 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the short term.

In this configuration, a decrease seems unavoidable in the USD 69.85 area. Investors could take a buy order on this level and get a good entry point to aim the USD 74.25 pivot point. A stop loss would be set below the short term support.