(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected EIFFAGE for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the EIFFAGE share makes it possible to identify a short-term upward trend. Among the dominant graphic factors, we noted the presence of an upward gap on EIFFAGE share prices. Formed on November 17 upon crossing a remarkable moving average, this quotation gap marked a surge in the buying camp. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. The trading volume is increasing, a technical data favorable to our anticipation. The technical reading in Japanese candlesticks makes it possible to identify a bullish engulfing configuration dating from the session of 05/12/2023
FORECAST
Considering the key graphical factors we have mentioned, our opinion is bullish on EIFFAGE stock in the short term.
Active investors will take a purchase position on EIFFAGE shares at a price of €95.3 with a target of €103,800 in their sights. They will protect their capital by placing a stop at €91,390.
News Bulletin 247 advice
DAILY DATA CHART
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