(News Bulletin 247) – A clearly affirmed bullish momentum on SAFRAN shares will invite active investors to position themselves for the purchase, as part of a swing trading.

KEY GRAPHIC ELEMENTS

The graphical analysis in daily data of the SAFRAN share makes it possible to identify a bullish trend in the short term as well as in the medium term since the bullish gap of October 04, 22. The oscillations have since wrapped around a 50-day moving average. (in orange) which has continued to be bullish, marking a notable outperformance against the market.

FORECAST

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

Active investors will take a buying position on SAFRAN shares at a price of €148,740 with a target of €165,000 in sight. They will protect their capital by placing a stop at €141,700.

The News Bulletin 247 board

SAFFRON
Positive €148,740
Objective :
€165,000
Potential :
+10.93%
Stop:
€141,700
Resistance(s):
152,000 / 160,000 / 165,000
Medium(s):
141,800 / 135,800 / 128,800

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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