Carrefour (CA.pa) bearish scenario:
The technical figure Triangle can be found in the French company Carrefour (CA.pa) at daily chart . Carrefour is a French multinational retail corporation headquartered in Massy, France. The eighth-largest retailer in the world by revenue, it operates a chain of hypermarkets, groceries stores, and convenience stores, which as of January 2021, comprises its 12,225 stores in over 30 countries. The Triangle has broken through the support line on 08/03/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 22 days towards 15.755 EUR. Your stop loss order according to experts should be placed at 18.310 EUR if you decide to enter this position.
Carrefour it was confident about its turnaround after Europe's largest food retailer delivered record free cash flow of 1.23 billion euros ($1.40 billion) and a 7.7% rise in operating profit for 2021. On the back of these strong results Carrefour handed investors an 8% dividend hike to 0.52 euros per share and launched a new share buyback plan of 750 million euros for 2022. Cash is also key to the French food retailer's plans to step up digital commerce expansion without the extra financial resources that would have been on hand if two planned tie-ups last year had not failed - one with Canada's Couche-Tard and one with France's Auchan.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Carrefour it was confident about its turnaround after Europe's largest food retailer delivered record free cash flow of 1.23 billion euros ($1.40 billion) and a 7.7% rise in operating profit for 2021. On the back of these strong results Carrefour handed investors an 8% dividend hike to 0.52 euros per share and launched a new share buyback plan of 750 million euros for 2022. Cash is also key to the French food retailer's plans to step up digital commerce expansion without the extra financial resources that would have been on hand if two planned tie-ups last year had not failed - one with Canada's Couche-Tard and one with France's Auchan.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.