SU.FP: Schneider Electric S.E. (SU.PA): Our expectation: Short term correction is in play, and we will wait and the price to reach the diagonal support, where we can enter a new long with SL: 63.80
Alternative scenario: If the price moves below 63.80 will give us a signal to look for new place for long but from lower levels around 61 EUR
Comment: Uptrend, current correction, which is in play, the count is starting, which is showing us that the lower move is more likely to level of support.
Price above the diagonal support and dinymic levels of support at the 50 ЕМА
We should wait for the long, as the DeM also is showing, that there might be a new impulse to the downside, at level of support and around 67.00 EUR at the buy zone.
Fundamental: The economic potential in Europe is getting better, which will lead to higher orders for the company. The negative signals for the section of petroleum production.
Stefan D. Angelov - Head of Stocks Trading
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