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

KEY GRAPHIC ELEMENTS

Since the end of March, the NACON share has again been chaining decreasing low points, just like the high points, characterizing a return to an upward trend in the Dow Jones sense. Return fully validated by the recent crossing of the 20-day (dark blue) and 50-day (orange) moving averages, both accelerating sharply upwards. The latest white marubozu (May 11, formed in strong volumes) was followed by a short consolidation pattern at its high end.

FORECAST

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

Active investors will take a buying position on the NACON share price at €2,695 with a target of €3,490 in sight. They will protect their capital by placing a stop at €2,490.

The News Bulletin 247 board

NACON
Positive 2.695 €
Objective :
3.490 €
Potential :
+29.50%
Stop:
2.490 €
Resistance(s):
2,930 / 3,500
Medium(s):
2,610 / 2,410 / 2,050

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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