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

KEY GRAPHIC ELEMENTS

The graphical analysis in daily data of the LOREAL share makes it possible to identify an upward trend in the short term as well as in the medium term, since the hammer of November 03, flanked by two candles, red then green, with elongated bodies. Among the dominant chart factors, we noted the presence of a bullish channel on LOREAL share prices. In terms of trend indicators, the 50-day moving average (in orange) acts as a support for prices. The trading volume is on the rise, a technical data favorable to our anticipation.

FORECAST

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

Active investors will take a buying position on the LOREAL share price at €384,250 with a target of €440,000 in sight. They will protect their capital by placing a stop at €363,900.

The News Bulletin 247 board

LOREAL
Positive 384.250 €
Objective :
€440,000
Potential :
+14.51%
Stop:
€363,900
Resistance(s):
392,500 / 400,000 / 440,000
Medium(s):
375,000 / 368,000 / 362,000

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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