ORA.pa bullish scenario:
ORA.pa bullish scenario:
We have technical figure Triangle in French company Orange S.A. (ORA.pa) at daily chart. Orange, formerly France Télécom S.A., is a French multinational telecommunications corporation. It has 266 million customers worldwide and employs 89,000 people in France, and 59,000 elsewhere. It is the tenth largest mobile network operator in the world and the fourth largest in Europe after Vodafone, Telefónica and VEON. The Triangle has broken through the resistance line at 30/10/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 24 days towards 10.09 EUR. Our stop loss order should be placed at 8.852 EUR if we decide to enter this position.
Fundamentals
- French telecoms group Orange ORAN.PA is considering a bid for Spanish competitor Euskaltel EKTL.MC, a move which would consolidate its market position as number two in Spain, according to a source with knowledge of the situation.
We have technical figure Triangle in French company Orange S.A. (ORA.pa) at daily chart. Orange, formerly France Télécom S.A., is a French multinational telecommunications corporation. It has 266 million customers worldwide and employs 89,000 people in France, and 59,000 elsewhere. It is the tenth largest mobile network operator in the world and the fourth largest in Europe after Vodafone, Telefónica and VEON. The Triangle has broken through the resistance line at 30/10/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 24 days towards 10.09 EUR. Our stop loss order should be placed at 8.852 EUR if we decide to enter this position.
Fundamentals
- French telecoms group Orange ORAN.PA is considering a bid for Spanish competitor Euskaltel EKTL.MC, a move which would consolidate its market position as number two in Spain, according to a source with knowledge of the situation.
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