(News Bulletin 247) – A clearly affirmed bullish momentum on the EIFFAGE share will invite active investors to position themselves for the purchase, as part of a swing trading.

KEY GRAPHIC ELEMENTS

The daily data chart analysis of the EIFFAGE share makes it possible to identify an uptrend in the short term as well as in the medium term. In terms of trend indicators, the 50-day moving average (in orange) acts as a support for prices. Its price crossing on October 24 was built on a remarkable candle pattern, and consecutive volatile bullish extension. The double support operated at the turn of the year on this trend curve will have reinforced its supporting role. The trading volume is currently on the rise, a technical data favorable to our anticipation.

FORECAST

In view of the key chart factors we have mentioned, our view is bullish on EIFFAGE stock in the short term.

Active investors will take a buying position on the EIFFAGE share price at €102,200 with a target of €115,000 in sight. They will protect their capital by placing a stop at €96,090.

The News Bulletin 247 board

EIFFAGE
Positive €102,200
Objective :
€115,000
Potential :
+12.52%
Stop:
96.090 €
Resistance(s):
111,750 / 115,000
Medium(s):
97,400 / 94,300 / 91,000

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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