(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected MCPHY ENERGY for active investors.
KEY GRAPHIC ELEMENTS
Since February 10, the action of this hydrogen player has been falling below its 50-day moving average (in orange). Selling volumes, gaps, regular closings at session lows: there is no shortage of arguments to qualify the power of the underlying downward trend, which there is no question here of doubting. However, the formation of a protest reaction, for a handful of sessions, constitutes an interesting graphic opportunity.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on MCPHY ENERGY stock in the short term.
Active investors will take a purchase position on the MCPHY ENERGY stock at a price of €4,142 with a target of €5,430 in their sights. They will protect their capital by placing a stop at €3,690.
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.
