(News Bulletin 247) – The News Bulletin 247 team selected THALES, as part of a trend-following buying operation, by entering at a price above €136.65.
KEY GRAPHIC ELEMENTS
After a phase of congestion below its 20-day moving average (dark blue), the high-tech group for defense has regained momentum, going beyond its annual highs, marking a relative outperformance compared to its benchmarks. The entry into a healthy phase of flat consolidation followed, with no temptation to take profits. The position can be held as long as the 20-day short moving average (in dark blue) gravitates above its 50-day counterpart (in orange).
FORECAST
Considering the key chart factors we have mentioned, our opinion is bullish on THALES stock in the short term.
Active investors will take a buying position on THALES stock at a price above €136.65 with a target of €160,000 in sight. They will protect their capital by placing a stop at €130,390.
The News Bulletin 247 board
CHART IN DAILY DATA
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I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.