(News Bulletin 247) – A clearly affirmed bullish momentum on the TECHNIP ENERGIES share will invite active investors to position themselves for the purchase, within the framework of a swing trading operation.

NB: investors who have followed our recommendation on this same security on 07/28 can keep the position, taking care to adjust the stop loss and the target according to the present elements.

KEY GRAPHIC ELEMENTS

The graphical analysis of daily data for the TECHNIP ENERGIES share makes it possible to identify an upward trend in the short term as well as in the medium term. In terms of trend indicators, the 50-day moving average (in orange) acts as a support for prices. The trading volume is on the rise, a technical data favorable to our anticipation. The bullish engulfing candle drawn yesterday is an illustration of the buying side taking control.

FORECAST

In view of the key chart factors that we have mentioned, our opinion is bullish on the TECHNIP ENERGIES share in the short term.

Active investors will take a buying position on the TECHNIP ENERGIES share price at €22,520 with a target of €29,950 in sight. They will protect their capital by placing a stop at €20,890.

The News Bulletin 247 board

TECHNIP ENERGY
Positive 22.520 €
Objective :
29.950 €
Potential :
+32.99%
Stop:
20.890 €
Resistance(s):
30,000
Medium(s):
20,270 / 18,550 / 16,950

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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