(News Bulletin 247) – A clearly asserted upward dynamic on SAFRAN shares will invite active investors to take a purchasing position, as part of a swing trading operation.
NB: Investors who have followed our recommendation on this same value, as of November 8, will be able to maintain the position by taking care to update the stop and the objective according to the elements presented below.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the SAFRAN share makes it possible to identify a medium-term upward trend, above an oblique line, drawn in black. Above this oblique, the 50-day moving average (in orange) is in a phase of bullish acceleration (progression of the ascension speed). From November 13-15, the action charted a combination of highly predictive, “advancing soldiers” candles.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on SAFRAN stock in the short term.
Active investors will take a purchase position on SAFRAN shares at a price of €161,980 with a target of €185,000 in their sights. They will protect their capital by placing a stop at €154,900.
News Bulletin 247 advice
DAILY DATA CHART
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