(News Bulletin 247) – The implementation of a hedging strategy is essential in current market conditions. To meet this need, a “short” operation on VALEO shares is a perfectly suited response.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the VALEO stock makes it possible to identify a bearish trend in the short term as well as in the medium term. The remarkable moving average crossover on August 15 took place at a significant angle. In terms of trend indicators, the 20-day moving average (in dark blue) acts as resistance for prices. The trading volume is increasing, a technical data favorable to our anticipation.
FORECAST
Looking at the key chart factors we mentioned, our view is bearish on VALEO stock in the short term.
The News Bulletin 247 team therefore suggests that active investors bet on this bearish scenario, by selling VALEO shares short at €16,395 and aiming for a target of €14,010. It is strongly recommended to place a stop order at €17,350.
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.
