(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected AXA for active investors.
KEY GRAPHIC ELEMENTS
The support zone, which has become solid, near 27 euros, will once again have obstructed the selling current on November 8, on a remarkable bullish encompassing candle. A bullish extension towards a zone close to 30 euros becomes the preferred option, while the short 20-day moving average (in dark blue) is preparing to reconquer its 50-day counterpart (in orange).
FORECAST
Looking at the key chart factors we’ve mentioned, our view is bullish on AXA stock in the short term.
Active investors will take a buying position on AXA shares at a price of €28,290 with a target of €30,340 in their sights. They will protect their capital by placing a stop at €27,360.
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.
