(News Bulletin 247) – Our analysts have spotted an excellent chart pattern on the IMERYS share, which the most active investors will be able to work on, at current price levels.
KEY GRAPHIC ELEMENTS
The complete filling of a wide gap, on January 31, on resumption of support on the long moving average, was followed by a consecutive upward extension, carried out in fed volumes. Since then, the gap between the 20-day (dark blue) and 50-day (orange) moving averages, both bullish, has widened significantly.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on IMERYS stock in the short term.
Active investors will take a buying position on the IMERYS share price at €40,580 with a target of €44,990 in sight. They will protect their capital by placing a stop at €39,290.
The News Bulletin 247 board
CHART IN DAILY DATA
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I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.