(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected BELIEVE for active investors.
KEY GRAPHIC ELEMENTS
Daily graphical analysis of the BELIEVE stock makes it possible to identify a short-term upward trend. The 20-day moving average (in dark blue) has just reconquered its 50-day counterpart (in orange), a basic trend curve in the reversal phase. The stock crossed, in significant volumes and on Marubozu, a resistance zone on 10/31. And from November 8 to 13, the action formed a predictive combination of candles known as advancing soldiers.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on BELIEVE stock in the short term.
Active investors will take a purchase position on the BELIEVE stock at a price of €10,160 with a target of €13,000 in their sights. They will protect their capital by placing a stop at €9,150.
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.
