(News Bulletin 247) – Based on a graphical argument, News Bulletin 247 analysts have selected SOITEC for active investors.
KEY GRAPHIC ELEMENTS
The daily data chart analysis of the SOITEC share allows us to identify an upward trend in the short term since the beginning of June, and in the medium term since the beginning of July. In terms of trend indicators, the 20-day moving average (in dark blue) has acted as support for prices, since its conquest on May 25 in substantial volumes. The trading volume is on the rise, a technical data favorable to our anticipation.
FORECAST
Considering the key chart factors we have mentioned, our opinion is bullish on SOITEC stock in the short term.
Active investors will take a buying position on the SOITEC share price at €169.25 with a target of €199,000 in sight. They will protect their capital by placing a stop at €154,000.
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.