(News Bulletin 247) – A clearly affirmed bullish momentum on SAFRAN shares will invite active investors to position themselves for the purchase, as part of a swing trading.
KEY GRAPHIC ELEMENTS
The graphical analysis of SAFRAN shares in daily data makes it possible to identify an uptrend in the short term as well as in the medium term. No movement of breathlessness of this underlying trend is to be noted in the sense of our battery of mathematical indicators, in particular our oscillatory indicators. In terms of trend indicators, the 50-day moving average (in orange) acts as a support for prices.
FORECAST
In view of the key chart factors we have mentioned, our view is bullish on SAFRAN stock in the short term.
Active investors will take a position on the purchase of SAFRAN shares at a price of €139.64 with a target of €165,000 in sight. They will protect their capital by placing a stop at €130,700.
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.