(News Bulletin 247) – A clearly affirmed bullish momentum on the SMCP 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 SMCP stock identifies a short-term bullish trend. In the medium term, the trend is flat, with the 50-day moving average (in orange) maintaining a neutral orientation. In terms of trend indicators, the 20-day moving average (in dark blue) acts as a support for prices. It has precisely crossed upwards, in a significant angle of attack, the long moving average previously mentioned. The title winds to regain support on its short moving average, before marking an extension, on gap, remarkable candles and in powerful volumes.

FORECAST

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

Active investors will take a buying position on the SMCP share price at €8.75 with a target of €11,990 in sight. They will protect their capital by placing a stop at €7,610.

The News Bulletin 247 board

SMCP
Positive 8.750 €
Objective :
11.990 €
Potential :
+37.03%
Stop:
7.610 €
Resistance(s):
10,000 / 12,000
Medium(s):
7,620 / 6,560 / 5,700

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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