Technical comment: Again a Belgian company that is lagging behind its main index – BEL20. Stocks are on several levels of support – Fibo 50, diagonal, 200 periodic and turning DeM into a resale zone. It offers a very good opportunity for long positions.
Fundamental Comment: Analysts’ recommendations remain hold and buy, with a target of EUR 10.30 per share. The logistics company, however, remains mixed, which still pulls investors back into full purchases, despite high targets.
Alternative scenario: In the event of a deterioration of the fundamentals, I would expect the price to break through the support levels indicated, with the stock price falling to 64.8 Fibo as further support.
Trader Martin Nikolov