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

KEY GRAPHIC ELEMENTS

The daily data chart analysis of the BELIEVE stock identifies a short-term bullish trend. The crossing of the 20-day moving average (in dark blue) on its 50-day counterpart (in orange) sent a bullish signal, reinforced by the May 10 gap. THE marubozu of April 28 initiated this buying movement, which is confirmed by the structures of the two consolidations built since.

FORECAST

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

Active investors will take a buying position on the BELIEVE share price at €12,460 with a target of €14,990 in sight. They will protect their capital by placing a stop at €11,510.

The News Bulletin 247 board

BELIEVE
Positive 12.460 €
Objective :
14.990 €
Potential :
+20.30%
Stop:
€11,510
Resistance(s):
15,000
Medium(s):
12,000 / 10,380 / 9,460

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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