(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

VALEO
Positive €13,505
Objective :
€15,670
Potential :
+16.03%
Stop:
€12,590
Resistance(s):
15,680 / 16,620 / 17,160
Support(s):
13,000 / 12,100 / 11,520

DAILY DATA CHART