(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected LEGRAND for active investors.

KEY GRAPHIC ELEMENTS

Since April 24 (zenith of the CAC), the title of the specialist in electrical equipment has been in a situation of very significant relative outperformance. The remarkable moving averages, by their recent crossing and their relative trajectories, deliver positive messages, as do the recurring low shadows of support recovery candles on graphic supports.

FORECAST

In view of the key chart factors we have mentioned, our opinion is bullish on LEGRAND stock in the short term.

Active investors will take a buying position on the LEGRAND share price at €88,420 with a target of €99,990 in sight. They will protect their capital by placing a stop at €82,790.

The News Bulletin 247 board

GREAT
Positive 88.420 €
Objective :
99.990 €
Potential :
+13.09%
Stop:
82.790 €
Resistance(s):
89,900 / 97,100 / 102,700
Medium(s):
82,800 / 76,200 / 71,100

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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