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L’Oréal falls back on the stock market as consumers call for boycott

L’Oréal falls back on the stock market as consumers call for boycott

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In a context where French consumers are calling for a boycott following the announcement in a press release this weekend of the French group’s intention to erase certain words from its packaging, the group recorded a drop of around 1% on 29 June. This is the first impact on the share price of the group, the world’s number one cosmetics group, which had a positive graphic configuration close to 300 euros since the beginning of the deconfinement.

 

Forecasts on the rise

 

The L’Oréal share’s graphic trend is bullish as long as it is above the support threshold of 260.90 euros. Above this support, the stock can move towards a first target of 292 euros. The next resistance was, until this weekend’s events, a little higher, at 305 euros according to analysts’ forecasts. […]

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Featured photo : © L’Oréal

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