(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected ELIOR for active investors.
KEY GRAPHIC ELEMENTS
The 20-day moving average (in dark blue) has just crossed its 50-day counterpart (in orange) upwards at a significant angle.
Volumes have been rising significantly since November 10, the start date of a reaction leg.
Only four red-bodied candles have been traced since 10/26.
FORECAST
Considering the key chart factors we mentioned, our view is bullish on ELIOR stock in the short term.
Active investors will take a buying position on ELIOR shares at a price of €2,276 with a target of €3,210 in their sights. They will protect their capital by placing a stop at €2.09.
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.
