(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

ACCOR
Positive €33,870
Objective :
€37,990
Potential :
+12.16%
Stop:
€32,340
Resistance(s):
34,320 / 38,000 / 40,000
Support(s):
32,350 / 30,900 / 29,800

DAILY DATA CHART

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