(News Bulletin 247) – Continuing the implementation of our hedging strategy with a short sale operation on ALSTOM.

KEY GRAPHIC ELEMENTS

The graphical analysis of daily data of the ALSTOM share makes it possible to identify a downward trend in the short term as well as in the medium term since the inflection marked at the end of July. In terms of trend indicators, the 20-day moving average (in dark blue) acts as resistance for prices. A gap opening this Friday would further give substance to the bearish message.

FORECAST

Considering the key chart factors we mentioned, our view is bearish on ALSTOM stock in the short term.

The News Bulletin 247 team therefore suggests that active investors bet on this bearish scenario, by selling ALSTOM shares short at €23,2500 and aiming for a target of €19,650. It is strongly recommended to place a stop order at €24,710.

News Bulletin 247 advice

ALSTOM
Negative €23,250
Objective :
€19,650
Potential :
+15.48%
Stop:
€24,710
Resistance(s):
24,690 / 25,750 / 26,600
Support(s):
22,500 / 21,500 / 19,640

DAILY DATA CHART

Graph created from the software Prorealtime

function creatOutbrainJs() {
const creatJs = document.createElement(“script”);
creatJs.defer = true;
creatJs.src = “https://widgets.outbrain.com/outbrain.js”;
return document.body.appendChild(creatJs);
}

window.didomiOnReady = window.didomiOnReady || [];

window.didomiOnReady.push(function(Didomi) {
console.log(“Didomi ready “);

Didomi.getObservableOnUserConsentStatusForVendor(164)
.filter(function (status) { return status !== undefined })
.subscribe(function(consentStatus) {
if (consentStatus === false || consentStatus === true) {
console.log(“Didomi consent -> exécution du script outbrain “, consentStatus);
creatOutbrainJs()
}
});

});