(News Bulletin 247) – A clearly affirmed bullish momentum on SAFRAN shares will invite active investors to position themselves for the purchase, within the framework of a swing trading operation.

KEY GRAPHIC ELEMENTS

The action, in clear outperformance of these benchmark indices since the low points of September 28, is in the process of freeing itself from a thin technical straightjacket (around 118 euros). A confirmation of volumes and volatility on the exit from the top would lend credence to the scenario of the development of a bullish wave towards an old gap. The ability of the RSI to remain at the high part without crossing its overbought zone militates for a filling of this gap, then a consecutive bullish extension.

FORECAST

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

Active investors will take a buying position on SAFRAN shares at a price of €133 with a target of €159,950 in sight. They will protect their capital by placing a stop at €124,950.

The News Bulletin 247 board

SAFFRON
Positive €133,000
Objective :
159.950 €
Potential :
+20.26%
Stop:
124.950 €
Resistance(s):
143,000 / 147,500 / 160,000
Medium(s):
128,800 / 123,000 / 114,000

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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