(News Bulletin 247) – A clearly affirmed bullish momentum on the SPIE share will invite active investors to position themselves for the purchase, within the framework of a swing trading operation.
KEY GRAPHIC ELEMENTS
Technically, the title has been moving inside an ascending channel for several weeks. In addition, buying volumes are back and the stock appears insensitive to market turbulence. An exit from the top of the identified corridor would, subject to validation by volumes, intensify the buying trend. Note that the 50-day moving average (in orange), which until then merges with the lower limit of the channel, is in a bullish acceleration phase.
FORECAST
In view of the key chart factors we have mentioned, our view is bullish on SPIE stock in the short term.
Active investors will take a buying position on the SPIE share price at €28.80 with a target of €33,000 in sight. They will protect their capital by placing a stop at €27,120.
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.