(News Bulletin 247) – A clearly affirmed bullish momentum on the CATANA GROUP share will invite active investors to position themselves for the purchase, within the framework of a swing trading operation.
KEY GRAPHIC ELEMENTS
The daily data chart analysis of the CATANA GROUP share allows us to identify an upward trend in the short term as well as in the medium term. Among the dominant chart factors, we noted the presence of a bullish channel on the CATANA GROUP share price. The 20-day short moving average (in dark blue) regularly rests on the lower limit of this ascending corridor. The trading volume is temporarily up sharply during the phases of mobilization to purchase, a technical data favorable to our anticipation.
FORECAST
In view of the key chart factors we have mentioned, our opinion is bullish on CATANA GROUP stock in the short term.
Active investors will take a buying position on the CATANA GROUP share price at €7,480 with a target of €9,990 in sight. They will protect their capital by placing a stop at €6,730.
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.