MMT.PA probable price increase

Stock forecast / MMT.PA / Our expectations

Long-term upward trend, higher bottoms. The price corrected to levels of horizontal and diagonal support. Descending gap, afterwards the price filled the gap - positive signal. Break of the resistance of the short-term correction and test of the break, which gives us better price for entry with minimizing the risk. The statistics points for a increase in gross e net income for the last 4 years. The company doesn't issue a dividend.

Of the chart below we can see the movement of the price compared with french telecom ETF Lyxor etf stoxx France. We can see that the company is performing better than the other telecom companies in the country included in the ETF.

On the chart below we can see the performance of the company compared with CAC 40.

On the chart below we can see that the company revenues are a lot bigger than the debt of the company, which makes it attractive for investors.

Alternative scenario: If the price breaks below the diagonal support( former resistance) and pulls back in the downward trend, the correction will deepen and we will see new downward movement.

SL: 19.50

Trader Bozhidar Arabadzhiev

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