(News Bulletin 247) – A clearly affirmed bullish momentum on the X-FAB share will invite active investors to position themselves for the purchase, as part of a swing trading operation.

NB: the operators who have followed our recommendation on this same value on 02/03 will be able to keep the position, taking care to adjust the stop loss and the objective according to the present elements.

KEY GRAPHIC ELEMENTS

The graphical analysis in daily data of the X-FAB share makes it possible to identify a bullish trend in the short term as well as in the medium term. In terms of trend indicators, the 20-day moving average (in dark blue) acts as a support for prices. The trading volume is on the rise, a technical data favorable to our anticipation. The technical reading in Japanese candlesticks helps to identify a pattern in marubozu white dating from the session of 01/26/2023. According to Japanese candlestick analysis, the marubozu white (or long white) has positive consequences for prices.

FORECAST

Looking at the key chart factors we have mentioned, our view is bullish on X-FAB stock in the near term.

Active investors will take a long position on the X-FAB share price at €8.95 with a target of €11,990 in sight. They will protect their capital by placing a stop at €7,880.

The News Bulletin 247 board

X-FAB
Positive 8.950 €
Objective :
11.990 €
Potential :
+33.97%
Stop:
7.880 €
Resistance(s):
10,000 / 12,000
Medium(s):
8,280 / 7,740 / 6,440

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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