(News Bulletin 247) – A clearly affirmed bullish momentum on the TF1 share will invite active investors to position themselves for the purchase, as part of a swing trading.

KEY GRAPHIC ELEMENTS

The daily data chart analysis of the TF1 share makes it possible to identify an upward trend in the short term as well as in the medium term. The action manages to regularly and easily create new high points, without suffering the air pocket crossed by the market from March 10 to 20. In terms of trend indicators, the 50-day moving average (in orange) acts as a support for prices. The RSI oscillator is in the upper part without crossing its upper limit of overbought.

FORECAST

In view of the key chart factors that we have mentioned, our opinion is bullish on the TF1 share in the short term.

Active investors will take a position on the purchase of TF1 stock at a price of €7,980 with a target of €9,000 in sight. They will protect their capital by placing a stop at €7,550.

The News Bulletin 247 board

TF1
Positive 7.980 €
Objective :
9.000 €
Potential :
+12.78%
Stop:
7.550 €
Resistance(s):
8,020 / 8,500 / 9,000
Medium(s):
7,760 / 7,380 / 7,130

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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