The upward trend seems to be run out of steam. The downward trend could recover.

From a technical viewpoint, the proximity of the USD 36.4 medium-term resistance limits the upside potential on the stock. The uptrend in the short term could be stopped by this level and prices could decrease sharply in the coming sessions. Technical indicators also show an overbought situation that reinforces this bearish scenario. Thus, there is a higher downside potential than upside.

Due to the technical configuration and a bad fundamental situation that does not justify the current valuation of the group, investors can open a short position close to the USD 36.4 resistance. The price target is set at USD 33.4 and a stop loss will be placed above USD 36.4.