Management projects first-half losses near €1.5 billion, forcing a downgrade in full-year sales and revenue guidance. The Q2 report confirmed the strain: revenue slipped from €83.34 billion last year to €80.81 billion, while EPS dropped from €6.21 to €4.34.
Technical picture
On the daily chart, the stock is attempting to consolidate above the 105.00 triangle resistance line. Technical indicators are leaning bullish: fast EMAs of the Alligator indicator stay above the signal line, widening the gap, and the Awesome Oscillator histogram remains positive despite mild correction bars.
- Resistance: 105.50, 113.70
- Support: 100.60, 90.70
Trading plans
Long setup: Buy after a confirmed breakout above 105.50, targeting 113.70 with a stop at 102.00. Horizon: 7+ days.
Short setup: Sell below 100.60 targeting 90.70, stop at 104.00.
Scenario
Timeframe: Weekly
Recommendation: BUY STOP
Entry: 105.50
Take Profit: 113.70
Stop Loss: 102.00
Key levels: 90.70, 100.60, 105.50, 113.70
Alternative scenario
Recommendation: SELL STOP
Entry: 100.60
Take Profit: 90.70
Stop Loss: 104.00
Key levels: 90.70, 100.60, 105.50, 113.70