(News Bulletin 247) – Our analysts have spotted an excellent chart configuration on the MAUREL ET PROM share, which the most active investors will be able to work on, at current price levels.

KEY GRAPHIC ELEMENTS

On a major announcement, and raising the target of an analysis firm, the action of the oil company released powerful upward energy on the single session of August 16, in a peak of volumes, on the opening gap and in intense volatility. And this even though the trend was already well oriented. In the immediate future, a short consolidation in a triangle is coming to an end, a consolidation which was built entirely on the upper part of the body of the remarkable candle of 08/16.

FORECAST

In view of the key chart factors we have mentioned, our view is bullish on MAUREL ET PROM stock in the short term.

Active investors will take a buying position on the MAUREL ET PROM share price at €4,640 with a target of €5,950 in sight. They will protect their capital by placing a stop at €4,280.

The News Bulletin 247 board

MAUREL AND PROM
Positive 4.640 €
Objective :
5.950 €
Potential :
+28.23%
Stop:
4.280 €
Resistance(s):
5,000 / 5,200 / 6,000
Medium(s):
4,294 / 3,780 / 3,260

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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