FAES FARMA: Last call to all passengers at 3€?Low volume and triangle closing may initiate the start of a rebounce up to 4.50€ or a pullback until 3€ to rebounce from that level.
Faesfarma
FAES FARMA: Last touch to lower bound of the bullish channel?Tomorrow might be the day where FAES FARMA goes to the lower bound for the last time at 3.60€ level and from there goes up to Target Price 4.50€. It can close the triangle formed from April 24 to today going down to 3€ or spiking up to 4.50€ from June 4 on. That would be from a short-term perspective. From a long-term one, optimum technical entry price is at 3.40-3.45€. The stock is immersed in a bullish channel since December 7, 2012. 2019 was the fourth consecutive year of increasing profits, up to historical maximum €64 million (+24% than 2018). EBITDA was up +26.6%.
