(News Bulletin 247) – Our analysts have spotted an excellent chart pattern on the BALYO share, which the most active investors will be able to work on, at current price levels.

KEY GRAPHIC ELEMENTS

Since the start of the year and the announcement of major news (new contract), the stock has been in the recovery phase, with occasional strong volumes. The daily data chart analysis of the BALYO share allows us to identify an uptrend 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 up on phases of bullish momentum, a technical data favorable to our anticipation.

FORECAST

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

Active investors will take a buying position on the BALYO share price at €0.756 with a target of €1.199 in sight. They will protect their capital by placing a stop at €0.649.

The News Bulletin 247 board

BALYO
Positive 0.756 €
Objective :
1.199 €
Potential :
+58.60%
Stop:
0.649 €
Resistance(s):
1,000 / 1,200
Medium(s):
0.652 / 0.606 / 0.500

CHART IN DAILY DATA



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