(News Bulletin 247) – A clearly affirmed bullish momentum on the ICADE 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 ICADE 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, since its crossing on November 10 in an acceleration of volumes. The trading volume is up over the last three sessions, a technical data favorable to our anticipation. In yesterday’s session alone, nearly 208,000 coins changed hands.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on ICADE stock in the short term.
Active investors will take a buying position on the ICADE share price at €46.14 with a target of €59,490 in sight. They will protect their capital by placing a stop at €40,990.
The News Bulletin 247 board
CHART IN DAILY DATA
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