(News Bulletin 247) – A clearly asserted upward dynamic on ENGIE shares will invite active investors to take a buying position, as part of a swing trading operation.
NB: Investors who have followed our recommendation on this same file dated 11/17 will be able to maintain the position by taking care to adjust the stop and the objective according to the elements presented below.
KEY GRAPHIC ELEMENTS
At the very beginning of the month, the stock came out of the top of a trading range, in heavy trading volumes, fully validating the chart scenario proposed on October 20. The relative momentum of the notable moving averages remains encouraging, as does the position of the RSI oscillator relative to its overbought zone.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on ENGIE stock in the short term.
Active investors will take a purchase position on ENGIE shares at a price of €16,184 with a target of €17,990 in their sights. They will protect their capital by placing a stop at €15,340.
News Bulletin 247 advice
DAILY DATA CHART
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