(News Bulletin 247) – A clearly asserted upward dynamic on SAFRAN shares will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the SAFRAN share makes it possible to identify a medium-term upward trend. In the short term, the stock is completing a phase of lateralization in a range between 142 and 152 euros, i.e. a lateral band of around ten euros of which an exit from the top, subject to validation by volumes, would bring credit to the scenario of a bullish extension of the basic movement.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on SAFRAN stock in the short term.
Active investors will take a purchase position on SAFRAN shares at a price of €149,980 with a target of €170,000 in their sights. They will protect their capital by placing a stop at €141,790.
News Bulletin 247 advice
DAILY DATA CHART
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