(News Bulletin 247) – A clearly affirmed bullish momentum on the ASSYSTEM 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 March 16 will be able to keep the position, taking care to adjust the stop loss and the target according to the elements presented below.
KEY GRAPHIC ELEMENTS
Graphical analysis of ASSYSTEM stock’s daily data makes it possible to identify an uptrend in the short term as well as in the medium term, a trend reinforced by the combination of candles in “three advancing soldiers” from 07 to 09 November. The crossing of a former resistance zone that became support at 40 euros was very clear, with consecutive bullish amplification and confirmation by pullback. The 20-day moving average (in dark blue) is a dynamic level of chart support.
FORECAST
Considering the key chart factors we have mentioned, our opinion is bullish on ASSYSTEM stock in the short term.
Active investors will take a buying position on the ASSYSTEM share price at €46,800 with a target of €55,000 in sight. They will protect their capital by placing a stop at €43,900.
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.