Indicators argue for a technical correction after the last bullish movement recorded in past sessions.

The financial situation remains difficult for the company. Even if the activity should recover its profitability starting from this year, the sharp revision on EPS the last year imply to be careful.

Graphically, the stock went through a period of rebound in recent sessions towards the USD 8.03 medium-term resistance. The share should consolidate near this area. It could act as a stopping point of the upward movement. This scenario suggests a return to the USD 7.5 support area which will be our bearish objective.

Due to the technical configuration and a bad fundamental situation that does not justify the current valuation of the group, investors can open a short position at the current price. The target price is set at USD 7.49 and a stop loss will be placed above USD 8.03.