Long on MICHELIN (EURONEXT)

ML will close two of it's factories in France, which means less expenses and more profits.
The stock is oversold on RSI, broke mulitple support levels and has now stopped on a major support level. Bearish the next few days/weeks as many "low profile" investors will sell their shares, the oversold state and the major support level should give the right signals for high level investors to go bullish.