(News Bulletin 247) – The implementation of a hedging strategy is essential, in the current market conditions. To meet this need, a “short” operation on the CAPGEMINI share is a perfectly appropriate response.

KEY GRAPHIC ELEMENTS

The attempt to recover prices at the beginning of the summer experienced a major failure at the end of July, on the formation of a large bearish gap, causing prices to fall towards 150 euros, a safeguard level whose rupture would open the floodgates. This technical and psychological level was tested in July 2022, September and October 2022, January 2023 and May 2023.

FORECAST

In view of the key chart factors that we have mentioned, our view is bearish on CAPGEMINI stock in the short term.

The News Bulletin 247 team therefore suggests that active investors bet on this bearish scenario, by short selling the CAPGEMINI share price at €157.90 and aiming for a target of €130,000. It is highly recommended to place a stop order at €169,100.

The News Bulletin 247 board

CAPGEMINI
Negative €157,900
Objective :
€130,000
Potential :
+17.67%
Stop:
169.100 €
Resistance(s):
179,900 / 183,800 / 187,600
Medium(s):
154,000 / 150,000

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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