(News Bulletin 247) – A clearly affirmed bullish momentum on the EDENRED share will invite active investors to position themselves for the purchase, within the framework of a swing trading operation.

NB: investors who followed our recommendation on this same file on 04/18 can keep the position, taking care to adjust the stop loss and the target, according to the present elements.

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 €59,780 with a target of €70,000 in sight. They will protect their capital by placing a stop at €56,900.

The News Bulletin 247 board

EDENRED
Positive €59,780
Objective :
€70,000
Potential :
+17.10%
Stop:
56.900 €
Resistance(s):
65,000 / 70,000
Medium(s):
57,400 / 55,000 / 53,400

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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