(News Bulletin 247) – A clearly affirmed bullish momentum on the ARAMIS GROUP share will invite active investors to position themselves for the purchase, as part of a swing trading.
KEY GRAPHIC ELEMENTS
The graphical analysis in daily data of the ARAMIS GROUP share makes it possible to identify an upward trend in the short term as well as in the medium term. Among the dominant chart factors, we noted the presence of a bullish gap in the ARAMIS GROUP share price. Formed on May 25, this quotation gap marked a runaway buying camp. Volumes exploded on the two consecutive bull sessions. In terms of trend indicators, the 50-day moving average (in orange) acts as a support for prices.
FORECAST
In view of the key chart factors we have mentioned, our view is bullish on ARAMIS GROUP stock in the short term.
Active investors will take a buying position on the ARAMIS GROUP share price at €5,290 with a target of €7,500 in sight. They will protect their capital by placing a stop at €4,470.
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.