GETLINK SE: A bullish direction asserts itself

(News Bulletin 247) – Our analysts have spotted an excellent graphic configuration on the GETLINK SE share, which the most active investors will be able to work on, at current price levels.

KEY GRAPHIC ELEMENTS

Since the combination of candles in three advancing soldiers (October 18, 19 and 20), the action has been in an upward phase, without any loss of steam or divergence with respect to the RSI, the relative strength index. The chart entry point is considered interesting, at the end of a short pennant consolidation above a valuable 20-day moving average (in dark blue).

FORECAST

Looking at the key chart factors we mentioned, our view is bullish on GETLINK SE stock in the short term.

Active investors will take a purchase position on the GETLINK SE stock at a price of €16,550 with a target of €19,000 in their sights. They will protect their capital by placing a stop at €15,590.

DAILY DATA CHART