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

KEY GRAPHIC ELEMENTS

Since the reconquest of the 50-day moving average (in orange) by its 20-day counterpart (in dark blue), the stock has developed, in punctually powerful volumes, a decomposed bullish leg. We are currently in a straight episode, with no slowdown in trading volumes, with no divergence between price and oscillatory RSI.

FORECAST

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

Active investors will take a buying position on the EDENRED share price at €57,720 with a target of €65,000 in sight. They will protect their capital by placing a stop at €54,990.

The News Bulletin 247 board

EDENRED
Positive 57.720 €
Objective :
€65,000
Potential :
+12.61%
Stop:
54.990 €
Resistance(s):
60,000 / 65,000 / 70,000
Medium(s):
55,000 / 53,400 / 50,000

CHART IN DAILY DATA

Graphic made from the software Prorealtime



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