The EUR 32.85 resistance is in line of sight.

The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging and estimated earnings are strongly revised upward. Debt is decreasing rapidly and the leverage is reducing at 1.87.

Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions. The recent pullback on the EUR 30.2 give a good price to investors in order to reach the EUR 32.85 resistance. The 20-day moving average should help to go on the target.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the EUR 32.85 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed under the EUR 30.2 short term support to avoid a downtrend.