(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

MANITOU BF
Positive 25.800 €
Objective :
€31,950
Potential :
+23.84%
Stop:
23.500 €
Resistance(s):
29,100 / 30,000 / 33,100
Medium(s):
24,950 / 23,800 / 21,800

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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