(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected EURAZEO for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the EURAZEO share makes it possible to identify an upward trend in the short term as well as in the medium term. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. It is moving a good distance above its 50-day counterpart (in orange), itself in a bullish acceleration phase. The buying enthusiasm during the session itself on November 30 was accompanied by powerful volumes, and followed by a short flat consolidation at the level of the upper wick of the said candle.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on EURAZEO stock in the short term.
Active investors will take a purchase position on the EURAZEO stock at a price of €71.20 with a target of €85,000 in their sights. They will protect their capital by placing a stop at €65,790.
News Bulletin 247 advice
DAILY DATA CHART
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