(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected VALEO for active investors.
KEY GRAPHIC ELEMENTS
The stock, with a very strong current Beta effect, although in a basic downward trend, still has rebound potential, within a broad wedge (wedge), started at the end of October. The candle in marubozu perfect blank of November 14, in thick volumes, relaunched the protest movement. The entry point becomes interesting, just after the formation of a short pennant consolidation.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on VALEO stock in the short term.
Active investors will take a purchase position on VALEO shares at a price of €13,505 with a target of €15,670 in their sights. They will protect their capital by placing a stop at €12,590.
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.
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