Givaudan SA (GIVN.vx) bullish scenario:The technical figure Falling Wedge can be found in the Swiss company Givaudan SA (GIVN.vx) at daily chart. Givaudan is a Swiss multinational manufacturer of flavours, fragrances and active cosmetic ingredients. As of 2008, it is the world's largest company in the flavour and fragrance industries. The Falling Wedge has broken through the resistance line on 05/07/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 42 days towards 3 840 CHF. Your stop-loss order according to experts should be placed at 3 025 CHF if you decide to enter this position.
Fragrance and flavour maker Givaudan confirmed its mid-term targets and said it would keep raising prices this year to offset higher input costs after like-for-like sales rose 4.6% in the first quarter. Givaudan confirmed its mid-term target of 4-5% underlying sales growth and free cash flow of at least 12% on average over a five-year cycle. Group sales were 1.78 billion Swiss francs ($1.91 billion), a 6.4% rise in Swiss francs.
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