(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected ENGIE for active investors.
NB: operators who have followed our recommendation on this same file dated 10/20 will be able to maintain the position by taking care to adjust the stop and the objective according to the elements presented below.
KEY GRAPHIC ELEMENTS
At the very beginning of the month, the stock came out of the top of a trading range, in heavy trading volumes, fully validating the chart scenario proposed on October 20. The relative momentum of the notable moving averages remains encouraging, as does the position of the RSI oscillator relative to its overbought zone.
FORECAST
Considering the key chart factors we mentioned, our view is bullish on ENGIE stock in the short term.
Active investors will take a buying position on ENGIE shares at a price of €15,540 with a target of €16,990 in their sights. They will protect their capital by placing a stop at €14,790.
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.
