(News Bulletin 247) – A clearly asserted bullish dynamic on the LDC share 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 LDC stock makes it possible to identify an upward trend in the short term as well as in the medium term. After the consolidation of an intermediate support level around 113 euros, the stock moved forward again, in the direction of the initial trend, in a satisfactory level of activity. The 20-day short moving average (in dark blue) has just crossed upwards with its 50-day counterpart (in orange).
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on LDC stock in the near term.
Active investors will take a purchase position on the LDC stock at a price of €132,000 with a target of €160,000 in their sights. They will protect their capital by placing a stop at €122,000.
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.
