(News Bulletin 247) – The logistics and transport group announced that the acceleration in its turnover growth would continue until the end of the year. The group also announced an increase in its revenues in the third quarter.
KEY GRAPHIC ELEMENTS
Technically the stock is supported by buying volumes. We can consider this trading range as an accumulation range and anticipate the exit from the top of the stock. We can thus aim for the symbolic price level of €300.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ID LOGISTICS GROUP stock in the short term.
Active investors will take a purchase position on the ID LOGISTICS GROUP stock at a price of €258,000 with a target of €300,000 in their sights. They will protect their capital by placing a stop at €224,000.
News Bulletin 247 advice
DAILY DATA CHART
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