(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts have selected PERNOD RICARD for active investors.
KEY GRAPHIC ELEMENTS
Under strong pressure since mid-June, and particularly since the formation of a very wide bearish gap on 08/31, formed on a major announcement, the Pernod-Ricard share only traced two candles to the green body in September … At this stage of the purge, the formation of a protest reaction, of the technical rebound type, is the preferred option.
FORECAST
Considering the key graphical factors we have mentioned, our opinion is bullish on PERNOD RICARD stock in the short term.
Active investors will take a purchase position on the PERNOD RICARD share at a price of €161,400 with a target of €175,400 in their sights. They will protect their capital by placing a stop at €154,000.
News Bulletin 247 advice
DAILY DATA CHART
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.
