(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected LAURENT-PERRIER for active investors.
KEY GRAPHIC ELEMENTS
The title of the Champagne house evolves in a thin ascending channel, represented in black on the graph below. Channel whose magnitude has been clearly redefined recently, with the long white formed on April 14 and 17, on reconquest of the 50-day moving average (in orange). The wide gap of May 2, just like the awakening of volumes on April 28, militates for an exit from the top of the corridor. If necessary, a price zone close to 150 euros is considered.
FORECAST
In view of the key chart factors we have mentioned, our view is bullish on LAURENT-PERRIER stock in the short term.
Active investors will take a buying position on the LAURENT-PERRIER share price at €128,000 with a target of €149,500 in sight. They will protect their capital by placing a stop at €119,500.
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.