The technology consulting firm Capgemini is still immersed in its bullish channel initiated at the end of October 2020.
The technology consulting firm Capgemini is still immersed in its bullish channel initiated at the end of October 2020. This formation has taken the stock to 200 euros, which has led to a 110% revaluation in just over 1 year. 210 euros is now its main resistance to beat. A daily close above this level could act as a catalyst to try to attack the 218-220 euros (multi-year high). On the contrary, the definitive loss of 200 euros would trigger the perforation of the base of its bullish channel, a scenario prone to develop a new corrective stretch in search of 190 euros, although a further extension to 171 euros would not be ruled out at all.
Resistances: €210, €218.
Supports: €200, €195, €190, €180, €171, €165.
Targets: (Bullish) €210, €218, €245 (Bearish) €189.50, €171, €165.
Trend structure in CAPGEMINI:
- Short term: Bullish.
- Medium term: Bullish.
- Long term: Bullish.
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