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development of the exchange rate of France Telecom

 

Friday 4/18/08

19,865 euros +0,03%

 

France Telecom with heavily dropped of 10% over the week which has been just passed. on rumors then on an ad, Friday, by France Telecom which confirmed her interest for TeliaSonera, Norwegian telephone operator, but management with good indicated that no negotiation was opened at this stage.

Thus much of noise for large pitch thing, the share should have the capacities to rebound.

Graphically the share is in a channel bear since November 2007, it followed the market trend, but its approach of #F66E90 resistance with the rumor of redemption of a Norwegian operator, was fatal to him.

19,35 euros which was touched this Friday is a major support, it be already my objective of fall on my preceding analysis in June 2007, a rebound of 40% had followed on this support.

This level of price he very to buy France telecom, because the dividend which will be versed in a little more than one month (May 29th) is announced with 1,30 euros, that is to say an output of 6,5% with current exchange rate.

One passes to the purchase as soon as the share rebounds while placing a command with trigger point three centimes above highest of Friday, i.e. to 20,19 euros and one aims at a return above them 21 euros to sell. Stop of protection to 19,18 euros, 5% in lower part of the purchase.

 

The points pivots (definition and formulas of the points pivots)	Pivot	Support 1	Support 2	Resistance 1	Resistance 2
Into monthly (in progress)	20,73	18,39	16,92	22,2	24,54
In weekly magazine	20,48	18,63	17,41	21,70	23,55
de		61,80%	50%	38,20%	23,60%
Supports and resistances		21,61	21,16	20,71	20,15
The note	Note to 81/100, area of purchase, but there can remain a potential with the fall.

See the other technical analyzes

 

Thursday 6/28/07

20,53 euros +0,15%

 

The going beyond of the 21 euros at the end of April invalidated the SUMMER and sent the exchange rate on one higher to 23,70 euros.

The #F66E90 zone referred to in April was entitled to a bear this Monday after a strong fall of the exchange rates.

The courses of action are now posed on an oblique support which forms the bottom of a channel bull means-term.

A rebound is extremely probable on this support and I advise with the purchase as of the 21 exceeded euros, on the other hand a fence under the support will give an objective bear under 19,35 euros.

 

 

 

For Tuesday 4/10/07

 

The France Telecom share with good rebounds on 19 euros to go towards its objective of 20,80 euros.

A return on 19 euros to form a SUMMER is very probable, but the going beyond of the 21 euros will invalidate this formation.

 

Wednesday 3/7/07

19,48 euros -1,42%

 

France Telecom approaches my objective of fall which is with 19 euros.

After the break of ascending bevel and the 21 euros the fall accelerated up to 19,50 euros.

19 euros could be the line of neck of a SUMMER.

My scenario: the share the 19 euros then rebounds up to 20,80 before reconsidering 19 euros.

Purchase advised on 19 euros.

 

Opinion the 3/7/07

short-term: objective bear 19 euros

means-term: objective bull 20,80 euros

 

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Friday 1/26/07

The following graph is a representation in Japanese candlestick of the France Telecom course of action in weekly magazine, which means that each candle represents one week.

I added the 14 to check the divergences.

 

 

The exchange rates of the month of August ade new higher whereas the 14 fact low, this divergence, very marked, alerted us that a strong fall was to be come.

A one year fall with follow-up this divergence of 25 euros to 16 euros is 36%.

After a rebound on 16 euros the exchange rates joined the 22 euros which were the old support of at the beginning of 2005.

Today a divergence appears, the exchange rates made a summit higher than the precedent whereas the 14 fact an identical summit.

This divergence is not as marked as the preceding one, I think that she does not predict a major fall but only one consolidation.

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To continue one will look at a graph as a day laborer and us close to medium term.

 

The rebound of France Telecom falls under an ascending bevel (or ).

Such a bevel is often a consolidation after a strong fall and before a new fall.

One finds our divergence on the , more marked than in weekly magazine, and a divergence on the .

The objective of fall is 19 euros which corresponds to the 61,8% of of the rise (found by the of )

The break of the will be the signal until the bears wait.

Analyzes invalidated above 22,40 euros.

 

The dividend which will be versed at the beginning of May will be of 1,20 euros is an output of 5,76%