For today: PP=3.407
Resistance: R1=3.444
Support: S1=3.352
The stock is testing the lower edge ~3.360 of 'systemic' lt-uptrend since Aug 2013.
The lower borders of st- & mt-uptrends (since Jan 20 & Oct 15) are ~3.388 & ~3.32 (see old posts)
Take a look at the liquidity and its pattern --> the partial volume is very low, just ~0.3 M per 30 min. That's almost the same low liquidity like yesterday at d-downtrend till ~15.30. Though, later afternoon liquidity has risen up to ~1.2 M per 30 min at almost flat d-drift just near the DL. As you know, usually institutionals dominate later afternoon. So far, you know what such (yesterday) p/v-pattern should mean --> "low volume" at d-downtrend till ~15.30, followed by "high volume" at "DL flat prices" later afternoon ...
As for today, at a very low liquidity ~0.3 M per 30 min (see above) within d-downtrending a number of (active) stops were hit with good volume right under ~3.37 around ~12.37:45, opening the way towards S1. So, don't forget about the p/v-patterns and unique (very high) div yield > 10%.
PS. As for the speculations on possibility of takeover attempts by 'orange', this would be an improper (inefficient) step that would add neither too much value, nor synergy.... Though, 'orange' has, indeed, not very consistent & clear strategic views. For instance, that recent meaningless attempt for 'strategic exercise' with expansion to Africa, or failed options within the French telcos' market. So, it's indeed impossible to fully exclude the prob for such a not rational step by 'orange'...., but the prob is really low.