(News Bulletin 247) – Based on a graphical argument, News Bulletin 247 analysts have selected SMCP for active investors.
KEY GRAPHIC ELEMENTS
The daily data chart analysis of the SMCP share allows us to identify a bullish trend in the short term, still neutral in the medium term. In terms of trend indicators, the 20-day moving average (in dark blue) acts as a support for prices. The trading volume is on the rise, a technical data favorable to our anticipation. If the volumes are up on this end of consolidation, they were even more on the July 07 session marked graphically by a long white school candle.
FORECAST
Looking at the key chart factors we have mentioned, our view is bullish on SMCP stock in the near term.
Active investors will take a buying position on the SMCP share price at €8,620 with a target of €10,990 in sight. They will protect their capital by placing a stop at €7,920.
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.