(News Bulletin 247) – A clearly stated upward dynamic on ACCOR shares will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the ACCOR share makes it possible to identify an upward trend in the short term as well as in the medium term. In the very short term, the action completes the outline of a lateralization phase in tidy, proof of remarkable outperformance of benchmark indices. The action had entered there in June, in increasing volumes. A top exit is the preferred option at this stage.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on ACCOR stock in the short term.
Active investors will take a purchase position on ACCOR shares at a price of €33,870 with a target of €37,990 in their sights. They will protect their capital by placing a stop at €32,340.
News Bulletin 247 advice
DAILY DATA CHART
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I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.