(News Bulletin 247) – Continued implementation of our hedging strategy with a short sale transaction on FDJ.

KEY GRAPHIC ELEMENTS

The daily data chart analysis of the FDJ share allows us to identify a downtrend in the short term as well as in the medium term. Among the dominant chart factors, we noted the presence of a bearish gap in FDJ share prices. Formed on July 28, this quotation gap marked a surge in the selling camp. 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.

FORECAST

Considering the key chart factors we have mentioned, our view is bearish on FDJ stock in the short term.

The News Bulletin 247 team therefore suggests that active investors bet on this bearish scenario, by short selling the FDJ share price at €32,600 and aiming for a target of €28,110. It is highly recommended to place a stop order at €34,130.

The News Bulletin 247 board

FDJ
Negative €32,600
Objective :
28.110 €
Potential :
+13.77%
Stop:
34.130 €
Resistance(s):
34,300 / 36,300 / 38,200
Medium(s):
31,070 / 29,450 / 26,370

CHART IN DAILY DATA

Graphic made from the software Prorealtime

function creatOutbrainJs() {
const creatJs = document.createElement(“script”);
creatJs.defer = true;
creatJs.src = “https://widgets.outbrain.com/outbrain.js”;
return document.body.appendChild(creatJs);
}

window.didomiOnReady = window.didomiOnReady || [];

window.didomiOnReady.push(function(Didomi) {
console.log(“Didomi ready “);

Didomi.getObservableOnUserConsentStatusForVendor(164)
.filter(function (status) { return status !== undefined })
.subscribe(function(consentStatus) {
if (consentStatus === false || consentStatus === true) {
console.log(“Didomi consent -> exécution du script outbrain “, consentStatus);
creatOutbrainJs()
}
});

});