(News Bulletin 247) – Barclays recently announced that it was maintaining its weighting recommendation in line with a price target raised from 180 euros to 185 euros. The valuation becomes attractive again at these levels.
KEY GRAPHIC ELEMENTS
Technically the stock is back at a support level where several doji-type candlesticks have formed. We can therefore anticipate a technical rebound in the stock at these levels.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on SOITEC stock in the short term.
Active investors will take a purchase position on the SOITEC stock at a price of €134,050 with a target of €150,000 in their sights. They will protect their capital by placing a stop at €119,400.
News Bulletin 247 advice
DAILY DATA CHART
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