(News Bulletin 247) – A clearly affirmed bullish momentum on the MANITOU BF share will invite active investors to position themselves for the purchase, within the framework of a swing trading operation.
KEY GRAPHIC ELEMENTS
Graphical analysis in daily data of the MANITOU BF share makes it possible to identify an upward trend in the short term as well as in the medium term, since the inflection at the turn of March. Remarkable moving averages send interesting signals, through their crossover and relative positioning. The position can be held as long as the 20-day moving average (in dark blue) gravitates above its 50-day counterpart (in orange), the underlying trend line.
FORECAST
In view of the key chart factors that we have mentioned, our opinion is bullish on the MANITOU BF share in the short term.
Active investors will take a buying position on the MANITOU BF share price at €25.80 with a target of €31,950 in sight. They will protect their capital by placing a stop at €23,500.
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.