(News Bulletin 247) – The implementation of a hedging strategy is essential in current market conditions. To meet this need, a “short” operation on the DERICHEBOURG share is a perfectly suited response.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the DERICHEBOURG share makes it possible to identify a downward trend in the short term as well as in the medium term. The action regularly registers a succession of decreasing high points, before relapses on candles with elongated bodies, in accelerating volumes. In terms of trend indicators, the 20-day moving average (in dark blue) acts as resistance for prices.
FORECAST
Considering the key graphical factors we have mentioned, our view is bearish on DERICHEBOURG stock in the short term.
The News Bulletin 247 team therefore suggests that active investors bet on this bearish scenario, by selling DERICHEBOURG shares short at a price of €4,624 and aiming for a target of €3,910. It is strongly recommended to place a stop order at €5,010.
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.
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