(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected KERING for active investors.
KEY GRAPHIC ELEMENTS
The KERING share, since the sequence of a gap of exhaustion and a double peak in the heart of summer, has entered the bear market under a 20-day moving average (in dark blue) which acts as a very significant dynamic chart resistance. At this stage of the decline in prices, however, the formation of a short, technical-type protest rebound is the preferred option.
FORECAST
Considering the key chart factors we mentioned, our view is bullish on KERING stock in the short term.
Active investors will take a purchase position on KERING shares at a price of €388,650 with a target of €443,000 in their sights. They will protect their capital by placing a stop at €364,000.
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.
