(News Bulletin 247) – A clearly affirmed bullish momentum on the MEMSCAP REGPT share will invite active investors to position themselves for the purchase, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis in daily data of the MEMSCAP REGPT share allows to identify a bullish trend in the short term as well as in the medium term. In terms of trend indicators, the 50-day moving average (in orange) acts as a support for prices. The trading volume is on the rise, a technical data favorable to our anticipation. The RSI oscillator, in the upper part, is close to its overbought zone without entering it.
FORECAST
Looking at the key chart factors we have mentioned, our view is bullish on MEMSCAP REGPT stock in the short term.
Active investors will take a buying position on the MEMSCAP REGPT stock at a price of €4,290 with a target of €5,990 in sight. They will protect their capital by placing a stop at €3,890.
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.