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

KEY GRAPHIC ELEMENTS

After forming a bullish gap, on May 04, the action traced, in thick volumes, two candles in marubozus white school, showing a runaway over a short period of the buyer camp. After a consolidation on the magnitude of the second candle mentioned, then a chart rejection on a long moving average, the stock is in good shape to amplify its rise.

FORECAST

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

Active investors will take a buying position on the VALNEVA share price at €6,620 with a target of €9,990 in sight. They will protect their capital by placing a stop at €5,890.

The News Bulletin 247 board

VALNEVA
Positive 6.620 €
Objective :
9.990 €
Potential :
+50.91%
Stop:
5.890 €
Resistance(s):
7,500 / 10,000
Medium(s):
6,040 / 5,160 / 4,185

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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