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The News Bulletin 247 team foresees a potential downside on the ERAMET share which will constitute the underlying of a perfectly adapted turbo put (9FVLB).

This reactive derivative product, issued by BNPPARIBAS, can be worked on by the most active investors. The leverage is close to 6.

KEY GRAPHIC ELEMENTS

The month of February, very volatile for the underlying, was the scene of the switch from an ascending channel to a descending channel, still in effect for the latter. While the action is in the upper part of the corridor and the oscillatory RSI shows the first signs of divergence with the prices, a short-term bearish opinion is issued.

FORECAST

In this context, the most active investors will bet on this bearish scenario (put) by positioning themselves on the turbo Put, issued by BNPPARIBAS and with ticker code 9FVLB, on ERAMET, at €1,580.

They will take their profits when the underlying reaches €67,510 or limit their losses by selling the turbo if they break through €96,100.

We will take care to note that in return for a very high leverage effect, if the deactivating barrier at €105 (purple line) is reached by the underlying, the loss of capital is total.

The News Bulletin 247 board

TURBO
Purchase at 1.58 € PUT
Objective :
67.510 €
Stop:
96.100 €
Mnemo:
9FVLB
Transmitter :
BNP PARIBAS
Disabling barrier:
–
Due date :
09/15/2023

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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