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ARCELORMITTAL will today constitute the underlying of our advice on the derivative product intended for the most active investors.
The tool selected is the Put 87H3S warrant issued by SOCIETE GENERALE, with an exercise price of €22 and a short expiry date of 06/16/2023.
KEY GRAPHIC ELEMENTS
The bearish gap of March 10 announced a wave of sell-offs on the ARCELORMITTAL share, a wave which gained in energy from the moment when the security, underlying the put warrant selected, broke its 50-day moving average (in orange), which until now played a very precise and reliable support role. THE marubozu black on March 15, combined with unprecedented trading volumes since December 16, materialized the crystallization of a market psychology on this emblematic cyclical security. A continuation of clearances is to be expected, before an equally strong rebound.
FORECAST
In this context, the most active investors will bet on this bearish scenario by positioning themselves on the Put warrant, issued by SOCIETE GENERALE and with the mnemonic code 87H3S, on ARCELORMITTAL, at €0.510.
They will take their profits when the underlying reaches €21,260 or limit their losses by selling the warrant if the €26,510 is crossed.
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