ALT.FR - 23.02.2017g.
Timeframe: H4
Long-term uptrend, the price adjusted to levels of horizontal and diagonal support which coincides with the 23.6% Fibonacci.
The company has very good financial results over the past five reporting years have continual growth in sales revenues and stable net profit. The company's EPS is only 0.66, but against the price of € 14.79 this is a good indicator. Recommendation financial analysts is BUY.
The company will present its financial statements for 2016 on 9 March
Technical analysis:
Price Action: Devouring a bar of support levels, the formation is activated - a strong bullish signal.
Indicators: CCI (14) crosses -100 bottom and CCI (50) is above zero - signal a new bullish wave
SL: € 14.41
Alternative scenario: If the price crosses below the diagonal and horizontal support positive scenarios will be spoiled and are more likely to see a drop in price.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
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