Sodexo SA: Strong Resistance At 96 Level
Aksel Kibar | Feb 19, 2019 06:19AM ET
Sodexo SA (PA:EXHO) is a holding company. The Company offers services, such as on-site services, benefits and reward services, and personal and home services. It serves its consumers in approximately 80 countries. The stock is listed on the Paris Stock Exchange. Price chart formed a 6 month-long rectangle with the horizontal boundary acting as strong resistance at 96 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 98 levels will confirm the breakout from the 6 month-long rectangle with the possible chart pattern price target of 106 levels. Breakout from the rectangle chart pattern will also clear the multi-month long downtrend line. Both weekly and daily scale price charts are featured below. (Price data as of 7:30 AM CET 19/02/2019)
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