(News Bulletin 247) – A clearly asserted upward dynamic on the MAUREL ET PROM share will invite active investors to take a purchasing position, as part of a swing trading operation.
NB: investors who have followed our recommendation on this same file dated 06/11 will be able to maintain the position by taking care to adjust the stop and the price objective according to the elements presented below.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the MAUREL ET PROM share makes it possible to identify an upward trend in the short term as well as in the medium term. Among the dominant graphic factors, we noted the presence of an upward gap on the MAUREL ET PROM share price. Formed on October 9, this “quotation gap” marked a surge in the buying camp. In terms of trend indicators, the 50-day moving average (in orange) acts as support for prices. The trading volume is increasing, a technical data favorable to our anticipation.
FORECAST
Considering the key chart factors we mentioned, our view is bullish on MAUREL ET PROM stock in the short term.
Active investors will take a purchase position on the MAUREL ET PROM stock at a price of €6,430 with a target of €8,000 in their sights. They will protect their capital by placing a stop at €5,700.
News Bulletin 247 advice
DAILY DATA CHART
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