(News Bulletin 247) – A clearly asserted upward dynamic on the TOTALENERGIES share 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 TOTALENERGIES 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 20-day moving average (in dark blue) acts as support for prices. This trend line has just crossed upwards, at a significant angle, its 50-day counterpart (in orange), just as the latter was trending upwards. The gap of August 9, and the bullish encompassing of September 5 complete this picture.
FORECAST
Considering the key graphical factors we have mentioned, our opinion is bullish on TOTALENERGIES stock in the short term.
Active investors will take a purchase position on the TOTALENERGIES share at a price of €61,470 with a target of €74,990 in their sights. They will protect their capital by placing a stop at €58,760.
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.