(News Bulletin 247) – A clearly affirmed bullish momentum on the REXEL 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 REXEL share makes it possible to identify an upward trend 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. The trading volume is on the rise, a technical data favorable to our anticipation. The technical reading in Japanese candlesticks makes it possible to identify regular configurations in white marubozu dating from the session of November 10 and February 15, for school cases.

FORECAST

Considering the key chart factors we have mentioned, our opinion is bullish on REXEL stock in the short term.

Active investors will take a buying position on the REXEL share price at €24,360 with a target of €29,990 in sight. They will protect their capital by placing a stop at €21,790.

The News Bulletin 247 board

REXEL
Positive 24.360 €
Objective :
29.990 €
Potential :
+23.11%
Stop:
21.790 €
Resistance(s):
25,000 / 30,000
Medium(s):
22,850 / 20,800 / 19,700

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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