(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.
NB: investors who followed our recommendation dated 09/14 on this same value will be able to keep the line, taking care to adjust the stop and the objective according to the new elements.
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), at the very moment when 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 €63,300 with a target of €79,990 in their sights. They will protect their capital by placing a stop at €59,900.
News Bulletin 247 advice
DAILY DATA CHART
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